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Hong Kong Aircraft Engineering Co Ltd (0044.HK)

0044.HK on Hong Kong Stock

55.45HKD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Hong Kong Aircraft Engineering Co expects higher losses at HAECO Americas in H2
Tuesday, 8 Nov 2016 04:01am EST 

Hong Kong Aircraft Engineering Co Ltd <0044.HK>: "Trading outlook for most of the company’s individual businesses remains broadly the same" . "Significantly higher losses are now expected at HAECO Americas in the second half of 2016 than in the first half" . "Impairment charges currently estimated at HK$280 million are expected to be made against the profit for 2016" ."Consolidated profit attributable to the shareholders of the company for 2016 is expected to be disappointing".  Full Article

Hong Kong Aircraft Engineering HY net profit HK$ 1.11 bln vs HK$254 mln<0044.HK>
Tuesday, 16 Aug 2016 12:03am EDT 

Hong Kong Aircraft Engineering Co Ltd <0044.HK>: 2016 interim results <0044.HK> . HY revenue hk$ 7.10 billion versus hk$5.73 billion year ago . First interim dividend hk$ 0.63 per share . Special interim dividend per share hk$ 2.35 . HY net profit hk$ 1.11 billion versus hk$254 million year ago . Demand for HAECO hong kong's airframe and component maintenance services is expected to be roughly stable in the second half of 2016 . Demand for its line services is expected to be firm" . Seat business will continue to be adversely affected by reduction in demand for our older model seats" . Demand for HAECO Americas' airframe services is expected to increase compared with the second half of 2015 . Results of HAECO landing gear services will continue to be adversely affected by strong competition" . Demand for HAECO xiamen's airframe services is expected to be weak in the second half of 2016. . HAESL's results in H2 2016 are expected to be adversely affected by reduced demand for its engine overhaul services .  Full Article

Hong Kong Aircraft Engineering updates on restructuring of shareholdings in JV companies<0044.HK>
Thursday, 30 Jun 2016 05:11am EDT 

Hong Kong Aircraft Engineering Co Ltd <0044.HK>: Reference is made to the company's announcement dated 23rd November 2015. . Conditional agreements for restructuring of shareholdings in HAESL and SAESL have become unconditional . Sale by HAESL of its previous 20% interest in the shares of saesl resulted in a gain to haesl of approximately US$230 million . HAECO and rroh now each own 50% of the shares in HAESL and HAESL no longer owns any shares in SAESL .  Full Article

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BRIEF-SGOCO Group says unit signed letter of intent to install hybrid power chiller plant

* Subsidiary of company, has signed a letter of intent with Hong Kong Aircraft Engineering Company Limited