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Hong Kong Aircraft Engineering Co Ltd (0044.HK)

0044.HK on Hong Kong Stock

71.45HKD
19 Oct 2018
Change (% chg)

HK$0.00 (+0.00%)
Prev Close
HK$71.45
Open
HK$71.40
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HK$71.45
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HK$71.40
Volume
312,800
Avg. Vol
172,127
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HK$71.50
52-wk Low
HK$41.90

Latest Key Developments (Source: Significant Developments)

Hong Kong Aircraft Engineering Co Posts Fy Loss Attributable Of HK$‍541 Mln ​
Tuesday, 13 Mar 2018 12:02am EDT 

March 13 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>::‍FY REVENUE HK$14,546 MILLION, UP 5.7%​.FY LOSS ATTRIBUTABLE HK$‍ 541 MILLION VERSUS PROFIT HK$ 975 MILLION​.DECLARED A SECOND INTERIM DIVIDEND OF HK$0.50 PER SHARE FOR YEAR ENDED 31ST DEC 2017.  Full Article

Hong Kong Aircraft Engineering expects consol loss attributable to shareholders of co for 2017​
Tuesday, 7 Nov 2017 03:36am EST 

Nov 7 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:‍Worse results are now expected at HAECO Americas in second half of 2017​.‍HAECO group's adjusted profit for 2017 is expected to be below that of 2016​.Expects a consol loss attributable to shareholders of co for 2017​.Impairment charges currently estimated at about hk$625 million are expected to be made in 2017​.Demand for HAECO Americas' Airframe Services is expected to decrease in second half of 2017 compared with first half.  Full Article

Hong Kong Aircraft Engineering says HY net profit HK$348 mln
Tuesday, 15 Aug 2017 12:12am EDT 

Aug 15 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:hy net profit hk$ 348 million versus hk$1,111 million a year ago.hy revenue hk$ 7.41 billion versus hk$7.10 billion.workload for haeco hong kong's airframe maintenance services expected to be less in second half than in first half.special interim dividend per share of hk$2.35.demand for Haeco Americas' airframe services is expected to decrease in second half of 2017 compared with first half.first interim dividend per share hk$0.53.Growth in demand for seats in second half of 2017 is expected to continue.demand for haeco Xiamen's airframe services is expected to be less in second than in first half of 2017.Demand for TEXL's engine overhaul services is expected to be stable in second half of 2017.HAESL's results in second half of 2017 are expected to be adversely affected by higher depreciation and training costs.Overall, haeco group's adjusted profit for 2017 is expected to be below that of 2016..  Full Article

Hong Kong Aircraft Engineering issues profit warning
Tuesday, 18 Jul 2017 04:43am EDT 

July 18 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:Prospects for group's different businesses in 2017 are mixed.‍Significantly higher losses are now expected at Haeco USA Holdings, inc. in 2017 than in 2016​.Expected results reflects loss (with effect from August 2017) of significant US work from a major customer.‍Company's financial results before exceptional items for 2017 are expected to be worse than in 2016​.  Full Article

Cathay Pacific says Rupert Bruce Grantham Trower Hogg apppointed CEO
Wednesday, 12 Apr 2017 05:14am EDT 

Cathay Pacific Airways Ltd <0293.HK>: Chu Kwok Leung Ivan, an executive director and the current chief executive of Cathay Pacific, will be re-designated as a non-executive director . Rupert Bruce Grantham Trower Hogg will be appointed as chief executive officer of Cathay Pacific . Upon the above changes taking effect, there will no longer be a chief operating officer of Cathay Pacific . Gregory Thomas Forrest Hughes will be appointed as an executive director of Cathay Pacific . Martin James Murray will be retitled from finance director to chief financial officer of Cathay Pacific . Yau, Ying Wah will remain as chief executive officer of Cathay Dragon . Hogg will become chairman of Cathay Dragon and will remain the chairman of the executive committee of Cathay Dragon . Yau, Ying Wah will resign as an executive director of Cathay Pacific on his appointment as director service delivery of Cathay Pacific .Christopher Patrick Gibbs, a non-executive director of HAECO, will be re-designated as an executive director of HAECO.  Full Article

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

UPDATE 2-Swire in second attempt to take HAECO private, offers 64 pct premium

* Offer price 31 pct lower than failed 2010 bid (Recasts, adds 2010 bid and analyst comment)