Bloomberg News

HONG KONG DAYBOOK: Developer Results; HSBC’s Peter Wong Speaks

February 27, 2012

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

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net NI CHINA NI EM NI BRIC NI DAYBOOK NI DAYAHEAD NI ECO NI CHECO NI HKDAYBOOK NI GEN NI GOV NI HK NI SUM NI CHS NI FRX NI BON NI ASIA NI ASIAX NI NASIA


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