Analysts said they had mixed views about Sun Hung Kai Properties’ (SHKP) shares after Hong Kong’s largest property developer by market capitalisation reported a slight increase in its full-year earnings. On Friday, Morningstar cut its price target for SHKP to HK$105 from HK$115, but said the company was trading at a good discount. UOB Kay…
Summer is over, and stock investors used to placid markets are getting a wakeup call. Equity markets were sharply lower on Monday, with losses in major indexes hovering around 1%. Traders are responding to further uncertainty around Trump tariffs and a spiking 30-year Treasury yield. The selling comes on the heels of positive August for…
Hong Kong’s home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city’s residential property market may have bottomed out. A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started…
A recent improvement in Hong Kong’s retail sector spilled into July, with sales rising by 1.8 per cent year on year in a sign that the industry had stabilised, the government said on Monday. According to the Census and Statistics Department, the increase marked the third month in a row of growth following 14 consecutive…
UNITED NATIONS — France, Germany and the United Kingdom moved Thursday to reimpose United Nations sanctions on Iran over its nuclear program, further isolating Tehran after its atomic sites were repeatedly bombed during a 12-day war with Israel. The process, termed a “snapback” by the diplomats who negotiated it into Iran’s 2015 nuclear deal with world powers,…
A booming market for miniature clothing has become the latest growth driver in China’s “doll economy” – fuelled by Gen Z’s passion for the toys and the emotional comfort they provide. “Loving ball-jointed dolls is as natural as breathing,” said 21-year-old Clementine Cai from Zhejiang. Two years after falling in love with the toys, she…
LONDON — Opponents and supporters of migrants faced off in angry confrontations at demonstrations held around Britain over a holiday weekend as the government scrambled to deal with fallout from a court order that will force a hotel in a London suburb to evict asylum seekers. The ruling has created a headache for the government, which has…
A 90-year-old woman has been killed by a school bus in Hong Kong, with the 72-year-old driver arrested by police. Officers received a call at around 4pm on Friday that an elderly woman had been hit by a school bus in a car park at Tai Hang Tung Estate in Shek Kip Mei. She was…
Robust growth at home and abroad nearly tripled Laopu Gold’s earnings in the first half of the year, with managers predicting even stronger momentum in the second half. Net profit soared 290.6 per cent from a year earlier to 2.35 billion yuan (US$327 million) in the six months ended June 30, the Beijing-based company said…
Up to five typhoons are expected to come within 500km (310 miles) of Hong Kong over the rest of this year, the forecaster has warned, urging residents to brace for stormy weather and a possible No 1 standby signal on Saturday night. The Hong Kong Observatory on Friday evening said the figure was above normal…