Issue: March 10, 2010 (Archive)

Saturday, September 11, 2010

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MTRC heeds flats race call
MTR Corp (0066) plans to put two residential projects up for tender by the end of September and sell up to 5,000 flats this year.

Lifestyle gets back on track in rebound
Lifestyle International (1212) - the operator of high- end department stores - said net profit last year surged 23.2 percent from a year earlier to HK$1.14 billion, as business in both Hong Kong and the mainland got back on the growth track, especially in the second half.

Cha seeks end to `storm in a teacup'
ATV controlling shareholder Payson Cha Mou-sing sought to mend fences yesterday, a day after coming under attack from Taiwanese arch rival Tsai Eng-meng and Sing Tao News Corp (1105) chairman Charles Ho Tsu- kwok.

PCCW rings in $1.5b net
Hong Kong's biggest phone company PCCW (0008) posted an 18 percent rise in earnings - meeting market expectations - on stringent cost controls.

Chinachem floats listing possibility
Chinachem Group may consider going public, its chairman Kung Yan-sum has told the Financial Times.

China firm on reserves
China has tried to allay concerns about a reduction in its massive investment in US treasuries.

Sportswear giant sprints to profit
The Hong Kong dollar has strengthened again, indicating that money is flowing in. This suggests the Hang Seng Index is likely to edge higher but it needs to clear 21,500 points first.

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