Sands China Net Triples On Gambling Revenue Boost

Hong Kong — Sands China Ltd. (1928.HK), developer and operator of hotels and casinos in Macau, said on March 1 net profit more than tripled last year to US$666.6 million (US$8.28 per share), up from US$215 million (US$3.34 per share) a year earlier, largely due to increased gambling revenue. Overall...

March 9th, 2011 | Business Vox | Read More

BNP Paribas Affirms “Buy” on Hong Kong’s Hopewell Holdings

Hong Kong – BNP Paribas reaffirmed its “buy” rating on Hopewell Holdings Ltd. (00054.HK), and its target price for shares of the Hong Kong-based infrastructure and property developer at HK$27.20, in a research report issued on February 27.

March 9th, 2011 | Business Vox | Read More

Shangri-la Asia Opens Hotel in Shanghai, More Planned for China

Hong Kong — Shangri-La Asia Ltd. (0069.HK) opened another luxury hotel in Shanghai on February 19, the first of 15 new hotels the company is launching in the next two years in China. Kerry Hotel Pudong, a joint venture of Kerry Properties Ltd. and Shangri-La, is located in an upcoming business...

March 9th, 2011 | Business Vox | Read More

Sands China Shares Fall 7% On Anti-Bribery Probe

Hong Kong — The share price of Sands China Ltd. (1928.HK), developer and operator of hotels and casinos in Macau, fell more than 7% on March 2 after the firm revealed that American authorities are investigating potential breaches of U.S. anti-bribery and money-laundering laws. The news overshadowed...

March 9th, 2011 | Business Vox | Read More

CE “Election”: Politically Incorrect with Harry Harrison

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February 28th, 2011 | | | Read More

HK Electric Seeks Further Expansion into Britain

Update — Power Assets Holdings Ltd. lost out to a rival bid from U.S. utility PPL Corp for E.ON AG’s network in Britain on March 2. The deal is expected to close in early April — Reuters. HONG KONG — Power Assets Holdings Ltd. (0006.HK), formerly Hongkong Electric Holdings Ltd.,...

February 28th, 2011 | Business Vox | Read More

HK Budget 2011 Public Reaction: Brickbats Flung at Tsang

Hong Kong — The public is not pleased with John Tsang Chun-wah’s fourth budget speech. For the first time since Tsang took over as Financial Secretary, he withheld a tax rebate despite unveiling a budget surplus of more than HK$71 billion, well in excess of the $25.2 billion shortfall predicted...

February 24th, 2011 | Business Vox | Read More

HK Budget Profile: John Tsang, From Teacher to Finance Chief

Hong Kong — John Tsang Chun-wah, who was appointed financial secretary in July 2007, has lived on three continents and had held many top civil jobs. Tsang, 59, has spent much of his life abroad before settling in Hong Kong. As a youth he went to secondary school at La Salle College in Kowloon and...

February 24th, 2011 | Budget Vox, Business Vox | Read More