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Hutchison spinoff would breath life into trusts – Kim Eng

January 19th, 2011 | No Comments

Kim Eng says “in Hutch we trust” after Hutchison Whampoa (0013.HK) announced plans to spin off its HK and China port assets on SGX.

“The trust structure is reportedly planning to raise a massive US$6 billion ($7.7 billion), making it the biggest IPO in Singapore ever…the issue will breathe new life into SGX-listed business trusts in general, particularly infrastructure trusts.” Says K-Green Trust (LH4U.SG) and Macquarie International Infrastructure Fund (M41.SG) relative laggards, trading at or below book values, despite attractive yields of between 5.1%-7.4%.

Courage Marine seeks dual listing in HK stock exchange

January 17th, 2011 | No Comments

Courage Marine says it is seeking a dual primary listing of its ordinary shares on the Main Board of the Stock Exchange of Hong Kong.

The company says this will enable it to have ready access to different equity markets and pools of investors and improve the liquidity of its shares.

Courage Marine also believes the listing will also enhance its profile in Hong Kong and in China which are becoming increasingly significant markets and facilitate business opportunities, customer relationship and business development.

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Dec 27-31

December 22nd, 2010 | No Comments

TUESDAY, DEC 28

Singapore
Joyas Int’l Holdings Ltd
Rights: 2R1WTS for 1 share offer of 2 for 1 @ HK$0.01

China Animal Healthcare up on HK listing

December 21st, 2010 | No Comments

Singapore-listed shares of China Animal Healthcare <CAHC.SI>, which makes drugs for livestock, rose as much as 3.8% on Tuesday as the company made its debut on the Hong Kong Stock Exchange.

At 11:09 a.m., China Animal shares were flat at $0.395 on a volume of 20 million shares after rising to an intraday high of $0.41.

China Fishery HK listing won’t aid valuation: DMG

December 20th, 2010 | No Comments

China Fishery’s (B0Z.SG) proposed Hong Kong dual listing is not expected to boost its valuation much, although proceeds raised from the exercise could lead to earnings-accretive acquisitions, says DMG, which has a Neutral call with a $2.00 target.

"We see minimal valuation impact from a dual listing in HKEX as both of China Fishery’s parent companies, Pacific Andes Resources Development (P11.SG) and Pacific Andes International Holdings (1174.HK), are trading at similar FY10 P/E multiples of 7x."

China Animal Healthcare +5.5%; HK listing eyed

December 7th, 2010 | No Comments

China Animal Healthcare (EP4.SG) +5.5% at $0.385 on firm volume in anticipation of greater investor interest as animal-vaccine maker is in final preparatory stages for dual-listing by way of introduction in Hong Kong targeted Dec 21.

Dark pool operator Tora eyes expansion into HK, Singapore

November 25th, 2010 | No Comments

Goldman Sachs (GS.N)-backed Tora, a dark pool operator in Japan, plans to expand into Hong Kong, Singapore and Australia next year, its chief operating officer said.

U.S.-based Tora launched its Crosspoint dark pool service in Japan in February 2010 and says it provides traders with access to more than 5% of the orders passing through the Tokyo Stock Exchange.

DBS +0.9%; HK prospects overlooked – Goldman Sachs

November 25th, 2010 | No Comments

DBS Group Holdings (D05.SG) +0.9% at $13.82 after losing streak over last 4 sessions, which pushed price to 3-month low yesterday, with recent broad market weakness compounding underlying concerns over bank’s continued margin pressure amid soft Sibor.

“We think investors may have been overly focused on DBS’ domestic performance, that its improving Hong Kong operations have been overlooked,” says Goldman Sachs, which has Buy call with $16.90 target.

Cites HK’s role as offshore CNY settlement center as promising for DBS, which has opened more than 1,000 offshore CNY accounts in past 2-3 months, while pick-up in wealth management activity in HK also bodes well for lender’s fee income. Current gains not accompanied by firm volume, while pullback from early $13.94 peak suggests prices unlikely to head much higher.

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Karin Technology says unit extends distributorship deal with Oracle in HK, Macau

November 8th, 2010 | No Comments

Mainboard-listed Karin Technology Holdings, the IT and components solutions and services provider in Hong Kong and China, says subsidiary, Sen Spirit Technology (SST), has successfully extended its distributorship agreement with Oracle Corporation to distribute the latter’s full suite of technology products and solutions in Hong Kong and Macau.

Oracle provides complete, open, and integrated business software and hardware systems to organisations of all sizes and industries. The group’s distributorship agreement with Oracle has been extended from solely distributing Oracle’s server and storage to include Oracle’s applications software, middleware and database solutions, such as Oracle WebLogic Suite, Oracle GoldenGate.

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China Environment seeks dual listing on HK stock exchange

November 1st, 2010 | No Comments

China Environment is seeking a dual primary listing on the Mainboard of Stock Exchange of Hong Kong (SEHK).

The company says a dual listing will widen its investor base and it “may benefit from its exposure to a bigger range of private and institutional investors, and is expected to increase share trading liquidity”.

OSK Capital Hong Kong has been appointed as its sponsor listing.

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Singapore’s Suntec Reit in $1.5b deal with HK firms

October 26th, 2010 | No Comments

Singapore’s Suntec REIT (SUNT.SI) said on Tuesday it was buying a one-third interest in properties in the downtown Marina Bay area for $1.5 billion.

The properties, called Marina Bay Financial Centre Towers 1 and 2 and adjoining real estate, are owned jointly by Hong Kong’s Cheung Kong (0001.HK) and Hutchison Whampoa (0013.HK).

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China New Town +5.8%; Dual HK listing imminent

October 18th, 2010 | No Comments

China New Town Development (D4N.SG) +5.8% at $0.180, 3rd most active stock on SGX today, on news company expects trading in its shares on Hong Kong bourse to commence October 22; listing by way of introduction only, so no shares being issued or sold in connection with listing, says Dow Jones.

Developer of new towns in suburban areas of Chinese cities, listed in Singapore since November 2007, said in May that it was seeking dual primary listing in HK.

Sound Global up on impending HK listing

September 29th, 2010 | No Comments

Shares of Singapore-listed Chinese water treatment firm Sound Global (SOGL.SI) rose as much as 10 percent as investors bought the stock ahead of the start of its dual listing in Hong Kong on Thursday.

At 0221 GMT, shares of Sound Global were trading at $0.885 with a volume of around 20.4 million shares.

Sound Global +8.0%; Eyes on HK listing tomorrow

September 29th, 2010 | No Comments

Sound Global (E6E.SG) +8.0% at 3-month high of $0.875 in active trade, on hopes for greater investor interest as China-based water treatment firm dual-lists in Hong Kong tomorrow by way of introduction, says Dow Jones.

Move deemed more favorable to investors than original plan to sell new shares in HK, which would have led to earnings dilution.

Since company called off initial HK IPO plan in June, stock down as much as 17.6% to reach year-to-date low of $0.70 earlier this month.

But price has since rebounded, +14.1% so far in September, may head even higher if shares well received in HK.

Near-term resistance at $0.915 (June 24 high).

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China Telecom to build data centres in HK, Singapore

September 28th, 2010 | No Comments

China Telecom Corp (0728.HK), the smallest of China’s three wireless operators, will invest 200 million yuan ($40 million) to build data centres in Hong Kong and Singapore, as it takes tentative steps out of its home market and diversifies its business.

The company would also look to other markets including Japan and Australia to build more data centres, Deng Xiaofeng, chief executive officer of China Telecom’s international arm told Reuters in an interview.

Sihuan Pharmaceutical said to seek $933m in HK IPO

September 21st, 2010 | No Comments

Sihuan Pharmaceutical Holdings Group plans to raise as much as US$700 million ($933 million) in an initial public offering in Hong Kong, according to two people familiar with the deal.

Morgan Stanley and UBS AG are managing the sale, said the people, who declined to be identified because the information was private. Rachel Chan, a Sihuan spokeswoman in Hong Kong, declined to comment. Nick Footitt, a Hong Kong-based spokesman for Morgan Stanley, and Chris Cockerill, a UBS spokesman in Hong Kong, also declined to comment.

Haikou, China-based Sihuan Pharmaceutical, which delisted from Singapore’s stock exchange in December, plans to start trading in Hong Kong in late October or early November, the people said.

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Midas +1%; HK listing helps market share: Kim Eng

September 20th, 2010 | No Comments

Midas Holdings (5EN.SG) +1.0% at $1.03, closing in on maximum offer price of HK$6.10, or $1.05, set by company for its proposed dual listing in Hong Kong, according to Dow Jones.

Given limited upside from current levels, mother shares not expected to head much higher. Final HK listing price expected to be determined by Sept 28.

Biosensors +17.3%; Eyes on MicroPort HK IPO

September 17th, 2010 | No Comments

Biosensors (B20.SG) +17.2% at $0.985, highest level since January 2008, on robust volume. Interest piqued by two bullish broker reports, according to Dow Jones.

Nomura, which has Buy call with $1.20 target, flags next week’s Hong Kong listing of MicroPort Scientific, which makes equipment for keyhole surgery, as catalyst for Singapore heart-stent maker.

Sound Global +0.7%; Files HK listing application

August 26th, 2010 | No Comments

Sound Global (E6E.SG) +0.7% at $0.72 in thin trade, hardly swayed by China-based water treatment firm formally filing application to dual-list in Hong Kong by way of introduction, says Dow Jones.

Move comes after company revived listing plan last week following sudden decision in June to postpone original proposal for IPO. No time line given for listing.

Sound Global flat as HK listing interest wanes

August 18th, 2010 | No Comments

Interest in Sound Global’s (E6E.SG) revived Hong Kong dual listing plan short-lived, with shares flat at $0.765 on moderate volume vs +3.4% yesterday, according to Dow Jones.

As proposal still at evaluation stage, upside for shares likely minimal until exercise takes off. Orderbook quotes tip $0.75-$0.78 trading band for rest of session.

Posts Tagged ‘hk’

Hutchison spinoff would breath life into trusts – Kim Eng

Courage Marine seeks dual listing in HK stock exchange

Dec 27-31

China Animal Healthcare up on HK listing

China Fishery HK listing won’t aid valuation: DMG

China Animal Healthcare +5.5%; HK listing eyed

Dark pool operator Tora eyes expansion into HK, Singapore

DBS +0.9%; HK prospects overlooked – Goldman Sachs

Karin Technology says unit extends distributorship deal with Oracle in HK, Macau

China Environment seeks dual listing on HK stock exchange

Singapore’s Suntec Reit in $1.5b deal with HK firms

China New Town +5.8%; Dual HK listing imminent

Sound Global up on impending HK listing

Sound Global +8.0%; Eyes on HK listing tomorrow

China Telecom to build data centres in HK, Singapore

Sihuan Pharmaceutical said to seek $933m in HK IPO

Biosensors +17.3%; Eyes on MicroPort HK IPO

Sound Global +0.7%; Files HK listing application

Sound Global flat as HK listing interest wanes

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