• Most Popular
  • Most Shared

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

Tue Apr 29, 2008 10:47pm EDT

Stocks

   
 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) 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) (601318.SS)
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), 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), 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)































More from Reuters

Photo

White House says Congress will pass health bill

WASHINGTON (Reuters) - The White House on Sunday urged support for a compromise that would allow healthcare reform legislation to pass the U.S. Senate and pushed back against other Democrats who said the compromise gives away too much.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article