The following companies may have significant price changes in Hong Kong. Stock symbols are in parentheses. Share prices are as of the last close.
The Hang Seng Index was little changed at to 24,153.98. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, climbed 0.2 percent to 12,967.20.
Chinese lenders: Premier Wen Jiabao pledged to counter “abnormal” credit growth after speculation that lending may have surged by as much as 1 trillion yuan ($151.8 billion) in the first two weeks of this year.
Industrial & Commercial Bank of China Ltd. (1398 HK), the nation’s biggest lender, was unchanged at HK$6. China Construction Bank Corp. (939 HK), the country’s second-largest, dropped 0.7 percent to Hk$7.12.
Macau casino operators: Gaming revenue in Macau, the world’s biggest gambling hub, may grow 30 percent this year as visitors from China increase, CLSA Ltd. analysts Aaron Fischer and Huei Suen Ng wrote in a note. The brokerage earlier predicted Macau’s casino gambling revenue to grow 20 percent in 2011.
Billionaire Stanley Ho’s SJM Holdings Ltd. (880 HK), which the brokerage raised to “buy” from “outperform,” climbed 4.1 percent to HK$14.30. Sands China Ltd. (1928 HK) rose 1.5 percent to HK$19.18. Wynn Macau Ltd. (1128 HK) gained 3.8 percent to Hk$20.55.
China Coal Energy Co. (1898 HK): The unit of China’s second-largest producer of the fuel said coal sales volume in 2010 rose 21 percent to 117.8 million metric tons from a year earlier, according to a statement to the Hong Kong stock exchange today. Sales in December dropped 6.3 percent to 9.26 million tons, the statement said. The shares fell 0.3 percent to HK$12.40.
China Shipping Container Lines Co. (2866 HK): The nation’s second-largest carrier of sea-cargo boxes said 2010 profit was “better-than-expected” because of a recovery in the global industry. The stock increased 2.7 percent to HK$3.82.
Hutchison Whampoa Ltd. (13 HK): The company’s decision to spin off some of its port assets into a trust that will be listed on the Singapore stock exchange may be positive for its credit rating, Moody’s Investors Service said in a press release. Citigroup Inc. maintained its “buy” rating and increased its share-price forecast to HK$106 from HK$91.50. Shares in the world’s largest container-terminal operator dropped 2.4 percent to HK$93.50.
Lee & Man Holding Ltd. (746 HK): The handbag and chemical products maker said a subsidiary will develop a chemical business with the government of Ruichang city, in China’s Jiangxi province. The company was granted 827,333 square meters of land for 24.8 million yuan as part of the agreement. The shares retreated 1.1 percent to HK$8.64.
Minmetals Land Ltd. (230 HK): The property developer said contracted sales of properties in 2010 totaled 2.6 billion yuan. Shares in the company advanced 1.2 percent to HK$1.63.
Phoenix Satellite Television Holding Ltd. (2008 HK): The company plans to list its new media business on the NASDAQ or the New York Stock Exchange, it said in a statement to the Hong Kong stock exchange. The stock jumped 8.4 percent to HK$2.96 when it last traded on Jan. 17. It was suspended yesterday and will resume trading today.