HONG KONG May 15 Hong Kong shares could start
steady on Wednesday, with the Macau casino sector in focus after
Galaxy Entertainment posted a record first quarter
adjusted EBITDA of HK$2.8 billion.
Chinese internet giant Tencent Holdings and
Parkson Retail Group are among companies due to report
quarterly earnings later in the day.
On Tuesday, the Hang Seng Index closed down 0.3
percent at 22,930.3 points, in its second straight loss after
closing last Friday at its highest since mid-February. The China
Enterprises Index of the top Chinese listings in Hong
Kong shed 0.7 percent.
Elsewhere in Asia, Japan's Nikkei was up 1.9
percent, while South Korea's KOSPI was flat at 0053 GMT.
FACTORS TO WATCH:
* Macau casino Galaxy Entertainment Group Ltd said
it booked a record first-quarter adjusted EBITDA of HK$2.8
billion ($360.76 million), up 29 percent from a year earlier.
* Sun Art Retail Group Ltd, China's largest
hypermarket chain by market capitalisation, said first-quarter
net profit rose 16 percent from a year earlier as it continued
to expand into lower-tier Chinese cities.
* The Las Vegas Sands Corp, parent of Sands China
Ltd, said a Nevada state court had awarded Hong Kong
businessman Richard Suen $70 million after he sued the company
claiming it had failed to make good on a promise to pay him for
helping it get permission to operate a Macau casino.
* Europe's largest bank HSBC said it may
sell its private banking business in Monaco as part of an
ongoing strategic review.
* Sports shoe maker Yue Yuen Industrial (Holdings) Ltd
said its profit attributable to owners of the company
fell 49.9 percent to $61.6 million for the first quarter from a
* ANTA Sports Products Ltd said it recorded a 5 to
15 percent year-on-year decrease in order value for the fourth
quarter of 2013 in its trade fair held in April. It said
same-store sales growth of ANTA branded products for the first
quarter of 2013 remained flat against the same period a year
* Golden Eagle Retail Group Ltd said it would
issue $400 million 4.625 percent senior notes due 2023, raising
proceeds to refinance short-term bank loans and to fund capital