Cathay Pacific, Longyuan, Shenhua: Hong Kong Stocks Preview
The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
Cathay Pacific Airways Ltd. (293) (293 HK): Hong Kong’s biggest airline said it was “satisfied” that it was safe to continue flying to Japan. The carrier will monitor the situation in the Asian country, it said in an e-mailed statement today. The shares dropped 2.8 percent to HK$18.26.
China Longyuan Power Group Co. (916 HK): The wind and coal power generator’s full-year net income rose 126 percent to 2.02 billion yuan from a year earlier, according to a statement to the Hong Kong stock exchange today. The shares rose 3 percent to HK$7.29.
China Shenhua Energy Co. (1088 HK): China’s biggest producer of the fuel said commercial coal production jumped 10.7 percent in February from a year ago. Coal sales rose 33 percent, it said in a statement to the Hong Kong stock exchange. The stock dropped 2 percent to HK$33.65.
Hengli Properties Development Group Ltd. (169) (169 HK): the developer of properties in China will buy land in Fuzhou in China’s Fujian province for 1.2 billion yuan ($183 million), according to a company filing to Hong Kong’s stock exchange. The stock fell 1.5 percent to 67 Hong Kong cents.
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