HONG KONG Aug 28 Hong Kong shares are likely to
extend their losses on Wednesday, tracking weaker global markets
on geopolitical uncertainty over a possible U.S.-led military
strike against the Syrian government.
On Tuesday, the Hang Seng Index closed down 0.6
percent at 21,874.77, while the China Enterprises Index
of the top Chinese listings in Hong Kong fell 0.9 percent.
Elsewhere in Asia, Japan's Nikkei was down 2
percent, while South Korea's KOSPI was down 0.9 percent
at 0045 GMT.
Agricultural Bank of China Ltd, China Life
Insurance Co Ltd, China Minsheng Banking Corp. Ltd
and Zoomlion Heavy Industry Science and Technology Co
Ltd are among companies scheduled to announce earnings
FACTORS TO WATCH:
* Australia's Arrow LNG, a joint venture between Royal Dutch
Shell and PetroChina, is looking at an option
of building on a rival's LNG site to restart its own stalled gas
export plans, a source close to the situation said.
* Haier Electronics Group Co Ltd, which
manufactures and sells washing machines and water heaters, said
its first half net profit rose 15.4 percent to 821.8 million
* KKR & Co and TPG Capital are out of the running in the
auction for Hutchison Whampoa Ltd's Hong Kong
supermarket chain ParknShop, people close to the matter told
Reuters, after their offers failed to meet the company's
* Coal mining transportation equipment maker Sany Heavy
Equipment International Holdings Co Ltd said its net
profit fell 39 percent for the first half of 2013 at 295.1
* Air China Ltd is poised to emerge as
the best performer among China's big carriers in a slow first
half of the year, benefiting from a rapid expansion to foreign
destinations that now account for 40 percent of its revenue.
* Dongfeng Motor Group Co Ltd, the Chinese partner
of Nissan Motors Co and Honda Motor Co, posted
a 3.1 percent rise in first-half earnings, weighed down its
Sino-Japanese car ventures that have struggled to fully recover
following an outbreak of anti-Japan sentiment last year.
* CSR Corporation Ltd , which is the
world's second-biggest railway equipment maker, posted a 24
percent fall in first half profit at 1.5 billion yuan.
* GOME Electrical Appliances Holding Ltd, a top
Chinese home appliance retailer backed by private equity firm
Bain Capital, swung to the black in first half with a net profit
of 322 million yuan.
* China Communications Construction Co Ltd
, the country's largest builder of ports, said its
first half net profit rose 14 percent to 5.7 billion yuan.