“Chi-East will begin with Singapore, Hong Kong and Japanese shares before moving to other Asian markets such as Australia,” a Chi-East spokeswoman said.
“We don’t want to grow very fast in retail mortgages because the return is not there,” Sebastian Paredes, chief executive officer of the Hong Kong unit of Southeast Asia’s largest bank, said at a briefing today. “We believe there are other areas of higher growth and higher returns that merit our resource allocation.”
Pan Hong Property Group, the Hong Kong-based property developer that focuses primarily on developing properties in the second and third-tier cities in China, says higher finance cost and tax trimmed net profit to RMB22.9 million ($4.4 million) in the three months ended 30 Sept 2010 (2Q2011), a dip of 3.4% from 2Q2010’s RMB23.7 million.
Net income rose to US$157.2 million ($201.9 million), or 2.53 cents a share, in the three months ended Sept. 30, from US$132.1 million, or 2.47 cents, a year earlier, the Hong Kong-based company said in a statement to the Singapore stock exchange.
The world-famous Madame Tussauds Wax Museum has confirmed a scoop we first brought you in August: Pop sensation Lady Gaga will help host the biggest launch in the museum’s history when the Tussauds wax figure specialists launch eight statues crafted in the likeness of the charttopper next month. The eight waxworks will go on display [...]
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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Sapphire Corporation, the producer of steel and vanadium products, says net profit attributable to equity holders for the July-September (3Q2010) period fell 33.2% to $3.1 million from the year ago period on the back of a 49% fall in revenue to $22.1 million.
For the January-September (9M2010) period, net profit soared to $88.4 million from $3.6 million for 9M2009, lifted by higher contributions from its steel subsidiary and a fair-value gain on a 9.2%-owned mine operator listed in Hong Kong.
Boomi makes a SAAS application integration platform called AtomSphere that enables easy transfer of data between cloud-based and on-premises applications. – As CEO and founder Michael Dell had
hinted earlier in the day at a conference in Hong Kong,
Dell made a cloud computing acquisition on Nov. 2. Only it wasn’t the one many
people expected at this time.
The Round Rock, Texas-based computer and server maker added a key ingredient to
its cloud st…
Dell CEO Michael Dell discussed Microsoft’s smartphone, Google Android, and tablets during a recent Hong Kong event. – Michael Dell suggested during a Hong Kong event that
developers are finding Microsofts smartphone platform easier than Google
Android when it comes to creating apps and other software. But the Dell CEO
also had kind words for Android, which powers some of his companys tablet
offerings and compet…
Clark and Kent, a highly specialized executive search and selection company, is helping its international clients acquire C-level talent in emerging markets, especially in Asia. It is looking to expand the horizons of North American companies in the Asian & African markets. The firm bridges the gap between the local environment and its clients” global [...]
Singapore Exchange, which is bidding for Australia’s ASX, plans to quote American depositary receipts of Indian, Taiwanese and South Korean companies by the first half of 2011.
The bourse, Asia’s second-largest publicly traded exchange by market value, will first build up trading volumes on the 19 Chinese ADRs it started trading last week, Rick Aston, head of product sales, said in an interview in Hong Kong yesterday. Those ADRs range from PetroChina Co., Asia’s biggest company by market value, to search-engine operator Baidu Inc.
Star Cruises and Singapore Cruise Centre, the cruise terminal operator, have entered into a strategic partnership that will make it more attractive for Star Cruises’ fleet to use Singapore as a hub for its cruise business.
Under an agreement signed between Genting Hong Kong Chief Operating Officer (Cruise) William Ng and SCC President/CEO Cheong Teow Cheng, Star Cruises will secure priority berthing rights at SCC’s International Passenger Terminal at HarbourFront in Singapore.
The Hong Kong-listed firm, which has ambitions to be a global oil trading force, has leased 100,000-120,000 cubic metres (cu m) of capacity from Singapore-listed Chemoil at its Helios Terminal, taking its total to 300,000-320,000 cu m, for three months starting in October, the sources said.
Profit excluding some items was 34 cents a share, more than the 24-cent average of 21 analysts’ estimates compiled by Bloomberg. Hong Kong-listed unit Sands China surged by a record 9% while the parent’s stock jumped 10% in New York extended trading.
Profit excluding some items was 34 cents a share, more than the 24-cent average of 21 analysts’ estimates compiled by Bloomberg, driving up the shares of its Hong Kong-listed unit.
Should the Australian and Singaporean bourses merge, they would list a combined US$484.8 billion ($631.5 billion)of mining, chemical and energy companies, more than the US$390 billion offered by Hong Kong Exchanges & Clearing, according to data from the three companies. Getting overseas resource producers to list is a key part of Hong Kong Exchanges Chief Executive Charles Li’s three- year plan announced in March.
Should the Australian and Singaporean bourses merge, they would list a combined US$484.8 billion ($629.8 billion) of mining, chemical and energy companies, more than the US$390 billion offered by Hong Kong Exchanges & Clearing, according to data from the three companies. Getting overseas resource producers to list is a key part of Hong Kong Exchanges Chief Executive Charles Li’s three- year plan announced in March.
