China Hu An Cable Holdings, one of the leading integrated wire and cable manufacturers in China, says its IPO has attracted strong investor response.
At the close of the IPO at 12 noon on Feb 4, a total of 1,681 valid applications for 113,381,000 shares were received for the public offer tranche of 5,000,000 shares.
NRA Capital in a Jan 12 research report says: “4Q09 net profit of $1.8 million was in line with 29% ahead of street consensus estimate. Sales inched up 4.4% y-o-y to $23.9 million as all business segments turned in positive growth. Net gearing improved y-o-y from 7% to 4% at end-December 2009.
Qian Hu Corporation, the ornamental fish breeder and service provider, says net profit attributable to shareholders for 4Q09 ending Dec 31, 2009, rose 3.6% y-o-y to $1.8 million, bringing net profit for the full-year ending Dec 31, 2009 to $6.5 million.
Group revenue increased 4.4% to $23.9 million for the quarter and 1.7% to $94.6 million for the year, contributed by overall improvement in sales of its core ornamental fish, which grew by 2.8% to $47 million, and accessories which increased by 3.9% to $37 million. Sales from its plastics businesses declined 9.7% to $10.6 million due to lower selling prices as a result of lower raw material prices.
The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index added 0.4% to 2,933.53.
US industrial shares lifted the Dow and S&P 500 yesterday to new 15-month highs after China bolstered expectations the world economy would strengthen, but the Nasdaq fell on profit-taking.
