Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Chi Cheung Investment Co Ltd Comments On H1 2013 Profit Guidance

Friday, 21 Jun 2013 07:04am EDT 

Chi Cheung Investment Co Ltd announced that based on the unaudited consolidated management accounts of the Company for the five months ended May 31, 2013, the Group for first half of 2013, expects to decline significantly as compared to first half of 2012. Such adverse changes are primarily attributable to the following factors; As disclosed in the Fiscal 2012 annual report of the Company, Longman Limited, a subsidiary of Chinese Estates Holdings Limited, a borrower of an interest-bearing revolving facility of HKD900,000,000 by the Company on September 22, 2011 (the Loan), repaid portion of the Loan to the Company with a sum of HKD490,000,000 on January 30, 2013 which was subsequently substantially distributed as special interim dividend on February 19, 2013, thereby the interest income recognized by the Group has reduced for the first half of 2013 when comparing to that of fiscal 2012; and, The Company incurred additional expenses regarding the general offer in fiscal 2013. 

Company Quote

-0.05 -1.91%
2:54am EST