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Valuetronics Q3 profit up 2.6% to HK$59.7mVALUETRONICS Holdings third-quarter net profit rose 2.6 per cent to HK$59.7 million (S$10.4 million), thanks to an increase in revenue from its industrial and commercial electronics business and a reduction in expenses, the electronics manufacturing services company announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
HPH Trust posts Q4 net loss of HK$12.11b on recognition of impairment lossesTHE recognition of non-cash impairment losses of HK$12.29 billion (S$2.12 billion) in the fourth quarter heavily dampened results for Hutchison Port Holdings Trust (HPH Trust) for the three months ended Dec 31, 2018. Read more at The Business Times.
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Hong Kong port slips from global top five for first time[HONG KONG] Hong Kong's port, which once vied with rival Singapore for global dominance, has slipped out of the world's top five busiest shipping container terminals for the first time, new data has revealed. Read more at The Business Times.
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Brokers' take: OCBC downgrades HPH Trust to 'sell'; DBS maintains 'hold'OCBC Investment Research has downgraded its call on Hutchison Port Holdings Trust (HPH Trust) from 'buy' to 'sell', on the back of an unexpected HK$12.3 million (S$2.1 million) non-cash impairment loss, while DBS Group Research has maintained its 'hold' rating on the counter, with a target price of US$0.26. Read more at The Business Times.
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Hong Kong economy stalls amid trade dispute: Finance chiefHong Kong's economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city's financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »