July 19 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
The Hang Seng Index fell 0.3 percent to 21,804.75. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, slid 0.1 percent to 12,258.45.
Property stocks: New home prices rose in 67 Chinese cities in June, with prices gaining 2.2 percent last month in Beijing compared with 2.1 percent in May, according to the statistics bureau. Shanghai prices climbed 2.2 percent compared with 1.4 percent the previous month.
China Resources Land Ltd. (1109 HK), a state-controlled developer, declined 0.5 percent to HK$14.60. China Overseas Land & Investment Ltd. (688 HK), controlled by the nation's construction ministry, declined 1.1 percent to HK$15.90.
China Merchants Bank Co. (3968 HK): The Shenzhen-based lender said it plans to raise as much as 35 billion yuan ($5.4 billion) in a rights offer to shareholders in China and Hong Kong. The shares gained 0.8 percent to HK$18.14.
China Unicom (Hong Kong) Ltd. (762 HK): The nation's second-largest mobile phone company by market value aims to introduce more entry-level 3G phones for lower-end users, Shanghai Daily reported, citing Chairman Chang Xiaobing. The stock declined 1.6 percent to HK$15.20.
China Resources Microelectronics Ltd. (597 HK): The operator of semiconductor foundries said its parent China Resources Holdings Co. made a buyout offer at 48 Hong Kong cents a share. The stock declined 1.1 percent to 43.5 Hong Kong cents.
IRICO Group Electronics Co. (438 HK): The producer of glass bulbs said it expects its first-half net income to surge more than fourfold on sales of new products. The stock was unchanged at 86 Hong Kong cents.
Sun Hung Kai Properties Ltd. (16 HK): Chairman Kwong Siu Hing bought 1 million shares in the company, according to a filing to the Hong Kong stock exchange. Sun Hung Kai, the world's biggest developer by market value, fell 0.5 percent to HK$113.80.
Wynn Macau Ltd. (1128 HK): The unit of the casino operator founded by billionaire Steven Wynn said second-quarter net income dropped to $120.3 million from $132.5 million a year earlier, while revenue increased to $976.5 million from $714.4 million. The stock gained 1 percent to HK$26.45.
0 comments:
Post a Comment