Anhui Conch, China Citic, Tencent: 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.
Agile Property Holdings Ltd. (3383) (3383 HK): The Guangdong province developer contracted May sales of 2 billion yuan ($309 million), bringing its total to 13.5 billion yuan for the first five months of 2011, it reported in an e-mailed statement. The stock dropped 3.7 percent to HK$11.98.
Anhui Conch Cement Co. (914 HK): The cement maker plans to acquire a producer based in southwestern China’s Yunnan province, the official Xinhua News Agency reported. The stock declined 3.3 percent to HK$33.95.
China Citic Bank Corp. (998 HK): The provider of commercial banking services said it received approval for a rights issue of A-shares from the listing committee of China Securities Regulatory Commission. The stock retreated 1.9 percent to HK$5.17.
China Resources Power Holdings Co. (836 HK): The Hong Kong- listed electricity producer said net power generation in May rose 40 percent from a year earlier to 9.8 million megawatt- hours, according to a statement on the company’s website. The stock declined 1.6 percent to HK$14.86.
Tencent Holdings Ltd. (700) (700 HK): China’s biggest Internet company has invested in a fund at Innovation Works, Tencent said in an e-mailed statement yesterday. The stock increased 0.1 percent to HK$217.20.
Yuexiu Property Co. (123 HK): The Hong Kong-based developer that gets most of its revenue from China said in an e-mailed statement its contracted sales in May rose 4 percent to 550 million yuan. The stock fell 0.6 percent to HK$1.55.
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