News

HKBN interim profit falls 63% to $48.5m

The result represents a drop from $131.58m profit recorded in the six months ending in February 2020.

HKBN interim profit falls 63% to $48.5m

The result represents a drop from $131.58m profit recorded in the six months ending in February 2020.

Grade A office vacancy up slightly to 9.4% in March

Only Central saw its vacancy rate drop during last month.

Emperor International sells industrial building for $508m

The sale shall be by way of transfer of shares of the company.

Hong Kongers shopping more online during the pandemic: report

42% of the respondents shared the sentiment that e-commerce was helping them through the current crisis.

Market Update: HSI down 1.76% on virus resurgence fears

The Hang Seng Index (HSI) closed down by 513.81 points or 1.76% at 28,621.92 on Wednesday. This is due to Asian markets’ growing concerns over resurgence of COVID-19 outbreaks, weighing on global investor sentiments.

ASM Pacific Technology hits record US$1.01b bookings in Q1

It surpassed its US$700m booking guidance for the quarter.

Are Hongkongers moving to the Greater Bay Area?

Mortgage applications in the area have risen 40% over the past year.

Hong Kong TV rebounds to $183.6m profit after 2019 loss

The company posted a net loss of $289.9m in 2019 but bounced back during the pandemic.

Singapore eases restrictions for Hong Kong travellers

Travellers from Hong Kong can wait out their Stay Home Notices at their own residences.

Redsun Services acquires 80% equity interest in property management companies

The acquisition by its wholly-owned subsidiary has a consideration of $87.8m (RMB73.54m).

ESR secures $3.104b senior unsecured corporate term loan

It is the largest USD corporate loan for ESR to date.

Market Update: HSI up by 0.10% amidst gains for financial stocks

The Hang Seng Index (HSI) closed on Tuesday up by 29.58 points or 0.10% to 29,135.73. This was due in part to gains in financial stocks, as well as capital inflows from the Mainland.

Retail sector drove a 22.6% property investment rebound in Q1

Retail-related property transactions worth at least $100m grew by 15.4% year-on-year.

More than 40% of restaurants saw higher revenue in Q1

This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.

Market Update: HSI up 0.47% amidst recoveries on industrial, healthcare firms

The Hang Seng Index (HSI) opened the trading week up by 136.44 points or 0.47% at 29,106.15, as industrial and healthcare firms rebounded amidst continued economic recovery.

HSI welcomes new real estate index

It will reflect stock movement of the 30 largest listed property management companies.