Sun Hung Kai Properties Ltd., Hong Kong’s biggest property developer by market value, is scheduled to publish first-half earnings today. Underlying profit in the six months through Dec. 31, 2010, was HK$10.4 billion ($1.3 billion).
Sino Land Co is also scheduled to publish first-half earnings, and Country Garden Holdings Ltd. is due to post full-year results.
WHAT TO WATCH: * HSBC (5 HK) Asia CEO Peter Wong to speak with Bloomberg TV, 8:20 a.m. * Hong Kong Ship Finance Forum; speakers include H.K. Shipowners Association MD Arthur Bowring, Noble Group Vice Chairman Emeritus Harry Banga * Hang Seng Bank (11 HK) CEO Margaret Leung speaks at post- earnings press conference, 11 a.m. * HSBC is on a “clear trajectory” to meet its profitability target for 2013; 2011 pretax profit rose 15% to $21.9 billion * Hang Seng Bank (11 HK) 2011 net gains 12% to HK$16.7 billion; CEO Margaret Leung will retire. * Hong Kong Chief Executive Donald Tsang will answer questions from lawmakers on March 1 about his acceptance of hospitality * Lam Kwong Yu, a former independent director at Haeco, was convicted of insider dealing at a court in Hong Kong yesterday EARNINGS: Country Garden (2007 HK PCCW (8 HK) Sun Hung Kai (16 HK) Sino Land (83 HK) BOND SALES: * Hong Kong to sell HK$3.5 billion of 0.38% two-year government bonds on March 7 GOVERNMENT: * Hong Kong Chief Executive Donald Tsang will answer questions from lawmakers on March 1 about his acceptance of hospitality CONFERENCES/CORPORATE EVENTS: * HSBC (5 HK) Asia CEO Peter Wong on Bloomberg TV, 8:20 a.m. * CLP (2 HK) CEO Andrew Brandler on Bloomberg TV, 7:40 a.m. * PCCW/HKT Trust MD Alex Arena on Bloomberg TV, 7:50 a.m. * Hong Kong Ship Finance Forum; speakers include H.K. Shipowners Association MD Arthur Bowring, Noble Group Vice Chairman Emeritus Harry Banga * Hang Seng Bank (11 HK) CEO Margaret Leung speaks at post- earnings press conference, 11 a.m. * Climate Change Business Forum announces results of survey on energy efficiency and climate change, 11 a.m. * Colliers press briefing on hotel investments, 2:30 p.m. * Putian Food (1699 HK) press conference on proposed Hong Kong IPO, 3 p.m. * Country Garden (2007 HK) earnings press conference, 4:15 p.m. IPO WATCH: * Putian Food (1699 HK) press conference on proposed Hong Kong IPO, 3 p.m. ANALYST RATINGS: * China Rail Construction (1186 HK) cut to “hold” at Deutsche * China Railway Group (390 HK) cut to “hold” at Deutsche Bank * China Resources Power (836 HK) new “overweight” at HSBC * Great Wall Motor (2333 HK) cut to “neutral” at Piper Jaffray * MGM China (2282 HK) cut to “inline” at Standard Chartered EQUITY PREVIEW: * Developers: China may allow limits on home purchases to be relaxed this quarter or next, a Morgan Stanley economist says * BEP (2326 HK) to consolidate stock, raise HK$116.4 million in one-for-two rights offer at 19.2 HK cents a share * Brightoil (933 HK) first-half net advances to HK$965 million from HK$589 million * BOC HK (2388 HK) received about 2 million subscriptions for uncut banknotes commemorating Bank of China’s 100th anniversary * BYD (1211 HK) may build an electric-car charging tower in Hong Kong, South China Morning Post says, citing an executive * Cathay Pacific (293 HK) has more than 1,000 bookings from premium economy prior to its introduction, Standard says * Chinlink (997 HK) resumes trading in Hong Kong after controlling investor sells 41 million shares to restore float * City E-Solutions (557 HK) forms hotel-reservations JV with Whiteboard labs, to inject $2.3 million * Cosway (288 HK) says holders of 39.2% of stock accept buyout * Far East Holdings (36 HK) independent Director Andrew Fan resigns to become company financial controller * Glorious Property (845 HK) had its corporate and bond ratings cut by Moody’s because of refinancing risks * Great Eagle (41 HK) full-year net drops to HK$4.2 billion from HK$4.7 billion a year earlier * Guojin (630 HK) sees smaller 2011 loss on gain from convertible bond redemption, exit from unprofitable industry * Hang Seng Bank (11 HK) 2011 net gains 12% to HK$16.7 billion; CEO Margaret Leung will retire. * HKT (6283 HK) 2011 net gains 32% to HK$1.22 billion on mobile- phone revenue; 4G service to start by July, SCMP says * Lai Fung (1125 HK) plans to raise about HK$1 billion by issuing 8.05 billion rights shares at 12.5 HK cents each * Maoye (848 HK) to buy land for a department store in Nanjing for 650 million yuan ($103 million) * Melco Crown (6883 HK) says Ying Tat Chan becomes sole COO; former Co-COO Nicholas Naples left company yesterday * Nine Dragons Paper (2689 HK) second-half net declined 34% to 836.5 million yuan * Strong Petro (852 HK) will sell oil tanker to Gunehr Shipping for $15.45 million, book $1.24 million loss * Sun Hung Kai Properties Ltd. (16 HK) is scheduled to publish first-half earnings today * TCL Multimedia (1070 HK) fourth-quarter net rises to HK$61.6 million from HK$7.99 million * TCL Communication Technology’s (2618 HK) full-year net income rises 14 percent to HK$799.9 million BTV HIGHLIGHTS (ALL TIMES HONG KONG/CHINA): 7:40 CLP Holdings CEO Andrew Brandler 7:50 PCCW/HKT Trust Managing Director Alex Arena 8:20 HSBC CEO for Asia Pacific Peter Wong 9:40 Maersk Line North Asia CEO Tim Smith 10:10 Jones Lang LaSalle MD Gavin Morgan
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