Li & Fung Ltd (0494.HK)
20 Feb 2017
Latest Key Developments (Source: Significant Developments)
Li & Fung Ltd <0494.HK>: HY profit attributable to shareholders of US$ 72 million versus US$ 149.0 million . HY revenue of US$ 8.07 billion versus US$ 8.63 billion . We expect the rest of 2016 to remain challenging" . Global retail market continues to struggle with soft consumer demand and geopolitical instability will weigh on consumer sentiment" . Says board has resolved to declare an interim dividend of 11 hk cents . Expect highly promotional activities and deflationary environment will continue" . Trading volume will be under pressure given brands and retailers are transitioning through a destocking cycle" . Full Article
Global Logistic Properties Ltd
HONG KONG, Feb 10 Hong Kong's stock index compiler said on Friday that shares in Geely Automobile Holdings Ltd will become a constituent of the Hang Seng Index , while Li & Fung Ltd will be removed from the benchmark.