HK Hot Stocks: Ping An, TCL Multimedia up, SMIC down

HONG KONG, April 30 (Reuters) - Here are some stocks on the
move in Hong Kong on Wednesday.

As of 0237 GMT, the benchmark Hang Seng Index .HSI was
steady at 25,918.20 points, up 0.02 percent.

The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, was down 0.17 percent at
14,272.99 points.

STOCKS ON THE MOVE:

* Shares in TCL Multimedia (1070.HK: Quote, Profile, Research, Stock Buzz) jumped 17 percent after
it reported a net profit of HK$168 million in the first quarter,
reversing a HK$67 million loss the same period last year.

For details
here

* Shares in China's Ping An Insurance (2318.HK: Quote, Profile, Research, Stock Buzz) (601318.SS: Quote, Profile, Research, Stock Buzz)
rose 4.3 percent on Wednesday after it reported a 24 percent rise
in first-quarter profits, as premium growth and income from its
banking operations offset a slowdown in investment income.
[ID:nHKF079140]

* Shares in China's biggest contract chipmaker, Semiconductor
Manufacturing International Corp (0981.HK: Quote, Profile, Research, Stock Buzz), fell 1.5 percent
after it posted a bigger-than-expected net loss in the first
quarter as the contract chip sector headed into a downturn and
memory prices plummeted. [ID:nHKG367869]

* Shares in China's Bank of Communications (3328.HK: Quote, Profile, Research, Stock Buzz), the
country's fifth-largest lender, eased 1.6 percent despite
reporting on Tuesday a doubling in first-quarter profit, boosted
by lower tax charges and strong growth in interest income and
fees. [ID:nHKF079134]

*
(US$1=HK$7.8)
(Reporting by Alison Leung; Editing by Edmund Klamann)