SINGAPORE
Fraser and Neave Ltd (FNN) announced plans to distribute S$4.0B to shareholders if Heineken's offer to buy out the Co's entire 39.7% stake in Asia Pacific Breweries Ltd (APB) is approved, adding: "This represents appx. 84% of the gain on disposal of S$4.8B (after taking into account transaction costs) for the F&N Group, (...) The distribution to Shareholders will take place by way of a proposed capital reduction."
Jardine Cycle & Carriage (JCNC): 2Q results expected.
US indices closed higher on Friday helped by telecommunication services and consumer durables & apparel sectors. On the US economic data front, durable goods orders jumped 4.2% MoM in July (+2.5% expected). Regarding US stocks, Autodesk (ADSK -15.63% to $30.13) posted 2Q adjusted EPS up 9.1% YoY to $0.48 on revenue of $569M, up 4.1%. In other news, MICROS Systems (MCRS +7.01% to $51.59) posted for its 4Q revenue up 10% YoY to $303M and up 10% YoY to $1.11B for its FY. 4Q diluted EPS was $0.68 ($0.60 expected) up 17% YoY and $2.22 for FY up 16% YoY. Separately, Aruba Networks (ARUN +14.42% to $19.36) reported 4Q non-GAAP net income of $22.1M, or $0.18 a share, above estimates, vs a profit of $20.2M a year earlier.
In Europe , UK GDP fell 0.5% YoY (-0.6% expected) after a 0.8% decrease in 1Q. Regarding the stocks, NKT Holdings plunged as 2Q sales missed estimates. Ashmore Group lost ground as the stock, was downgraded to "sell" from "neutral" at Citigroup. This morning, the Nikkei225 index opened higher.
CHINA - HK
China 's central-government-controlled state-owned enterprises recorded combined profits of 459.4B yuan in January-July, down 16.1% YoY (vs -16.4% YoY to 387.0B yuan in January-June), according to the State-owned Assets Supervision and Administration Commission.
Zhejiang province announced plans to invite private investments in 441 major projects worth 1.18T yuan in 8 sectors, including energy, transportation, financial services and tourism.
China Construction Bank (939) posted 1H net income up 14.5% YoY to 106.3B yuan. Net interest income grew 16.5% to 169.7B yuan and net fee & commission income was up 3.3% to 49.2B yuan. ROE declined 0.42 percentage point to 24.56%. Core capital adequacy ratio climbed to 11.19% at end-June from 10.97% at end-December, while non-performing loan ratio declined 0.09 percentage point to 1.00%.
Sinopec (386) said 1H net income plunged 41.1% YoY to 23.7B yuan and operating profit fell 40.4% to 33.5B yuan, pointing out: "This was mainly due to the aggravated refining loss amid the substantial growth of crude oil cost compared with the regulated prices of gasoline and diesel. In addition, the Co's chemical segment swung to a half-year loss amid the slumping prices of chemical products."
Sinopec Shanghai Petrochemical (338) swung to a 1H net loss of 1.2B yuan from a net income of 1.4B yuan a year earlier.
United Co Rusal (486) said 1H net income plunged to $37M from $779M in the previous year and adjusted EBITDA fell 60.4% YoY to $564M on revenue of 5.7B, down 9.7%.
Chalco (2600) announced plans to increase the size of a private A-share placement to raise as much as 8.7B yuan, saying it will issue at maximum 1.45B new shares (equivalent to 10.72% of the total existing issued share capital), up from 1.25B shares announced previously, to 10 unidentified private investors. Meanwhile the Co said it expects a net loss in the January-September period considering sluggish aluminum prices.
China Aluminum International Engineering (2068) said 1H net income grew 25.4% YoY to 535M yuan on revenue of 6.9B yuan, up 55.9%.
China Shenhua Energy (1088) reported 1H net income up 17.2% YoY to 3.9B yuan and EBITDA up 5.4% to 46.2B yuan on revenue of 121.5B yuan, up 20.1%.
Yanzhou Coal Mining (1171) unveiled 1H net income up 1.4% YoY to 5.3B yuan on sales of 28.3B yuan, up 39.9%.
China Unicom (HK) Ltd (762) announced the issue of a 15B-yuan second tranche of super & short-term commercial paper for the year 2012.
Shanghai Electric Group (2727) posted 1H net income up 17.7% YoY to 1.9B yuan on revenue of 36.0B yuan, up 7.2%.
Great Wall Motor (2333) unveiled 1H net income up 29.9% YoY to 2.4B yuan on revenue of 18.3B yuan, up 28.8%.
Parkson Retail Group (3368) said 1H net income declined 10.4% YoY to 524M yuan on total gross sales proceeds of 8.8B yuan, up 7.7%. 1H same store sales growth was 2.9%.
Beijing Jingkelong Co (814)'s 1H net income fell 24.6% YoY to 78M yuan on revenue of 4.5B yuan, up 9.6%.
Sa Sa International (178) reported retail sales up 20.1% YoY in the July 1-August 19 period and Hong Kong & Macau same store sales growth was 15.3% YoY.
Shenyin Wanguo (HK) Ltd (218) announced 1H net income of HK$6M vs HK$27M a year earlier on revenue of HK$139M, down 26.8%.
Google Trend HK - popular searches: Uni-President China (220)
Cosco Pacific Limited (1199), Sinopec (386), Byd (1211), China Longyuan Power Group Corp (916), Angang Steel (000898), Byd Co (002594), China Petroleum & Chemical Corp (600028), China Southern Airlines (600029), Guangzhou Automobile (2238): 1H results expected.
Liaoning Huajin Tongda Chemicals (000059), Guangxi Liugong Machinery (000528), Jilin Aodong Medicine Industry Groups (000623), Guoyuan Securities (000728), GF Securities (000776), Henan Shuanghui Investment & Development (000895), Zhejiang NHU (002001), Xinjiang Zhongtai Chemical Group (002092), Beijing Tongrentang (600085), Baoshan Iron & Steel (600019), Shanghai Aerospace Automobile Electro Mechanical Co (600151), Beijing Tiantan Biological Products Co (600161), Youngor Group (600177), Zhejiang Hisun Pharmaceutical Co (600267), China CNR Corp (601299), GD Power Development (600795), Kangmei Pharmaceutical (600518), Baoding Tianwei Baobian Electric (600550), Heilongjiang Agriculture Co (600598), COFCO Tunhe (600737), Datong Coal Industry (601001), Shanghai Fosun Pharmaceutical Group (600196), China South Publishing & Media Group Co (601098), China Erzhong Group Deyang Heavy Equipment (601268), Sichuan Changhong Electric (600839), Sinovel Wind Group Co (601558), China State Construction Engineering Corp (601668): 2Q results expected.
Hang Lung Properties (101): ex-div HK$0.17 Li & Fung (494): ex-div HK$0.15
No comments:
Post a Comment