“Relationship Between Trading at Ask Price and the End-Of-Day Effect in Hong Kong Stock Exchange”
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Hysan Development Company Limited • Annual Report 2001 1 a Distinctive Neighbourhood in Causeway Bay –
ANNUAL REPORT 2001 INVESTING FOR THE FUTURE: CONTENTS FUNDAMENTALS STRENGTHENED 4 Highlights 2001 Inspired by the classic chambered nautilus, the logo of our flagship Lee Gardens reflects 5 Chairman’s Statement the notion of strong foundations. The vitality of the spiralling design symbolises our vision 16 Operating and Financial Review to move forward to a dynamic future. A spirit not only true for the Lee Gardens, 22 Principal Investment Properties but also for our entire portfolio. A distinctive neighbourhood in Causeway Bay – 24 Report of the Valuer to work, shop and enjoy. 25 Schedule of Principal Properties 26 Our People 28 Directors, Officers and Advisers 34 Corporate Governance 40 Directors’ Report 44 Auditors’ Report 45 Consolidated Income Statement 46 Consolidated Balance Sheet 48 Balance Sheet 49 Consolidated Statement of Recognised Gains and Losses 50 Consolidated Cash Flow Statement 52 Notes to the Financial Statements 84 Five-Year Financial Summary 86 Notice of Annual General Meeting Inside back cover Shareholder Information With origins of some 450 million years, the spirally coiled, chambered nautilus has fascinated naturalists, mathematicians and physicists for years. Back cover Lee Gardens shopping centre Mission Hysan Development is committed to building and owning quality buildings, and being the occupier’s partner of choice in the provision of real estate accommodation and services, thereby delivering attractive and sustainable returns to shareholders. Year 2001 has been challenging, but rewarding for the Company strategically. -
Opening China's Telecommunications
Research Assessment Exercise 2020 Impact Case Study University: The Hong Kong University of Science and Technology Unit of Assessment (UoA): 22-Business Title of case study: Opening China’s Telecommunications Market for Hong Kong Investors 1. Summary of the impact Policies for the telecommunications sector within the significant Closer Economic Partnership Agreement (CEPA) cross-border trade agreement between Hong Kong and mainland China have been influenced by research by Xu Yan, linked to his earlier studies on telecommunications policy in Hong Kong and mainland China carried out at HKUST. Such work has had impact on policy by informing senior government policymakers locally and nationally through recommendations on how to liberalize the Chinese telecommunications market under CEPA, and contributed to economic impact following the opening up of this sector to Hong Kong investors under the agreement, mainly in value-added services and particularly in Guangdong Province. 2. Underpinning research Professor of Information Systems, Business Statistics and Operations Management Xu Yan (joined HKUST in 1997) has established himself as an expert on the telecommunications sector and its regulation in Hong Kong and mainland China through a series of published comparative studies that address telecommunication policy issues, in particular market liberalization. Xu’s distinctive perspective on this area draws on his in-depth east-west knowledge resulting from previous working experience in the Ministry of Posts and Telecommunications of China and its affiliated university, doctoral studies on telecommunications policy in the UK, and a dedicated research focus on telecommunications market over the past 15 years, with almost all of his publications up to 2015 centered on this area and related issues. -
HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to Important Disclosures at the End of This Report
China / Hong Kong Company Guide HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 4 Jun 2020 BUY(Initiating Coverage) Rediscovering a hidden gem. Last Traded Price ( 2 Jun 2020):HK$3.12(HSI : 23,996) • HKRI Taikoo Hui in Shanghai is a crown jewel, supporting its Price Target 12-mth:HK$4.09 (31.1% upside) long-term share price appreciation • Low-cost land reserve in Discovery Bay, a well-regarded Analyst residential community, provides good investment returns Jeff YAU CFA,+852 36684180, [email protected] • The stock is undervalued, trading at 82% discount to our assessed current NAV Price Relative • Initiating coverage with BUY rating and TP of HK$4.09 HK$ Relative Index 3.7 209 Initiating coverage with BUY rating and target price of HK$4.09. HKR 3.5 189 International is trading at 82% discount to our appraised current 3.3 169 3.1 149 NAV, slightly wider than those for other small-to-mid cap property 2.9 129 developers. The stock is undervalued in view of its asset quality and 2.7 109 financial strength. The realisation of the value of its upmarket 2.5 89 Dec-19 Mar-20 residential developments in Hong Kong should provide upside on HKR International Ltd (LHS) Relative HSI (RHS) stock. Steadily growing contributions from HKRI Taikoo Hui in Forecasts and Valuation Shanghai and CDW Building in Hong Kong should underpin its long- FY Mar (HK$ m) 2019A 2020F 2021F 2022F term share price appreciation. -
1193Rd Minutes
Minutes of 1193rd Meeting of the Town Planning Board held on 17.1.2019 Present Permanent Secretary for Development Chairperson (Planning and Lands) Ms Bernadette H.H. Linn Professor S.C. Wong Vice-chairperson Mr Lincoln L.H. Huang Mr Sunny L.K. Ho Dr F.C. Chan Mr David Y.T. Lui Dr Frankie W.C. Yeung Mr Peter K.T. Yuen Mr Philip S.L. Kan Dr Lawrence W.C. Poon Mr Wilson Y.W. Fung Dr C.H. Hau Mr Alex T.H. Lai Professor T.S. Liu Ms Sandy H.Y. Wong Mr Franklin Yu - 2 - Mr Daniel K.S. Lau Ms Lilian S.K. Law Mr K.W. Leung Professor John C.Y. Ng Chief Traffic Engineer (Hong Kong) Transport Department Mr Eddie S.K. Leung Chief Engineer (Works) Home Affairs Department Mr Martin W.C. Kwan Deputy Director of Environmental Protection (1) Environmental Protection Department Mr. Elvis W.K. Au Assistant Director (Regional 1) Lands Department Mr. Simon S.W. Wang Director of Planning Mr Raymond K.W. Lee Deputy Director of Planning/District Secretary Ms Jacinta K.C. Woo Absent with Apologies Mr H.W. Cheung Mr Ivan C.S. Fu Mr Stephen H.B. Yau Mr K.K. Cheung Mr Thomas O.S. Ho Dr Lawrence K.C. Li Mr Stephen L.H. Liu Miss Winnie W.M. Ng Mr Stanley T.S. Choi - 3 - Mr L.T. Kwok Dr Jeanne C.Y. Ng Professor Jonathan W.C. Wong Mr Ricky W.Y. Yu In Attendance Assistant Director of Planning/Board Ms Fiona S.Y. -
Virgin Media Consolidated Financial Statements
Consolidated Financial Statements December 31, 2018 VIRGIN MEDIA INC. 1550 Wewatta Street, Suite 1000 Denver, Colorado 80202 United States VIRGIN MEDIA INC. TABLE OF CONTENTS Page Number Part I: Forward-looking Statements...................................................................................................................................... I - 1 Business ..................................................................................................................................................................... I - 3 Management............................................................................................................................................................... I - 21 Principal Shareholder................................................................................................................................................. I - 23 Risk Factors ............................................................................................................................................................... I - 24 Part II: Independent Auditors’ Report.................................................................................................................................... II - 1 Consolidated Balance Sheets as of December 31, 2018 and 2017 ............................................................................ II - 3 Consolidated Statements of Operations for the Years Ended December 31, 2018, 2017 and 2016 .......................... II - 5 Consolidated Statements of Comprehensive -
HKT Trust HKT Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HKT Trust (a trust constituted on November 7, 2011 under the laws of Hong Kong and managed by HKT Management Limited) and HKT Limited (incorporated in the Cayman Islands with limited liability) (Stock Code: 6823) CONTINUING CONNECTED TRANSACTIONS WITH THE PCCW GROUP The HKT Limited Group entered into various transactions with the PCCW Group for operational needs as described in the Prospectus which constituted continuing connected transactions of the Company under the Listing Rules. Such transactions and their respective annual caps will expire on December 31, 2013. It is anticipated that the existing continuing connected transactions with the PCCW Group will continue beyond December 31, 2013. The Directors propose to renew these continuing connected transactions and enter into new continuing connected transaction and set new Annual Caps as described in this announcement for the three financial years ending December 31, 2014 to 2016. PCCW is the controlling holder of the Share Stapled Units. Accordingly, the PCCW Group is a connected person of the Company under the Listing Rules. As the applicable percentage ratios (as defined in the Listing Rules) in respect of the relevant Annual Caps, in each case (or on an aggregated basis, as described below), of the continuing connected transactions, which are categorised according to the providers of the relevant service, exceed 0.1% but are less than 5%, the continuing connected transactions are subject to the reporting and announcement requirements under Rules 14A.45 to 14A.47 of the Listing Rules, but are exempt from the independent shareholders’ approval requirement under Rule 14A.34 of the Listing Rules. -
HKT's Proposed Acquisition Of
HKT’s proposed acquisition of CSL An economic analysis of competitive effects for the CA Final report Public Version April 2014 About London Economics London Economics is one of Europe's leading specialist economics and policy consultancies and has its head office in London. We also have offices in Brussels, Dublin, Cardiff and Budapest, and associated offices in Paris and Valletta. We advise clients in both the public and private sectors on economic and financial analysis, policy development and evaluation, business strategy, and regulatory and competition policy. Our consultants are highly-qualified economists with experience in applying a wide variety of analytical techniques to assist our work, including cost-benefit analysis, multi-criteria analysis, policy simulation, scenario building, statistical analysis and mathematical modelling. We are also experienced in using a wide range of data collection techniques including literature reviews, survey questionnaires, interviews and focus groups. Head Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom. w: londoneconomics.co.uk e: [email protected] : @LondonEconomics t: +44 (0)20 7866 8185 f: +44 (0)20 7866 8186 Authors Paula Ramada, David Lewin, Sion Jones (+44 (0) 20 7866 8185; [email protected]) Wherever possible London Economics uses paper sourced from sustainably managed forests using production processes that meet the EU eco-label requirements. Copyright © 2014 London Economics. Except for the quotation of short passages for the purposes -
HUAWEI Smartcare®
White Paper AIOps – Automated Dissatisfied CX Analysis May 2019 Mark Geere, Jing Hao, Chiu-Chung Yue, Derek Chen HUAWEI SmartCare® HUAWEI TECHNOLOGIES CO., LTD. Copyright © Huawei Technologies Co., Ltd. 2019. All rights reserved 1. Executive Summary Artificial Intelligence and Machine Learning has spread to all industries and all parts of those industries. Whether we are talking about Enterprise adaption within the Automated Cars, the Health industries etc. or within the consumer world where it is now embedded within everyone’s phones to help them take a better picture or more efficiently use their battery power. The point is that AI is now ubiquitous throughout our lives at work, home and within the products and services we consume. So it is no surprise that the Telecoms industry is also looking at how they can use AI to (1) improve internal efficiencies across their organizations, as well as (2) drive better customer engagement to enhance customer experience on the services they deliver (Figure 1). The “Automated Dissatisfied CX Analysis” use case is a part of the AIOps catalyst which links Hong Kong Telecom (HKT) with Huawei’s SmartCare® Customer experience solution to deliver on these 2 key areas. The focus of the use case is to investigate how customer complaints at the point of reporting can be intelligently analyzed in order to deliver the following benefits: Support network optimization: By aggregating affected users and problem dimensions, this use case supports network problem optimization based on user experience assurance and improves O&M efficiency. Support proactive care: Provides proactive care for identified affected users to improve customer satisfaction. -
Asian Godfathers Jadi Buku Laris.” —BANGKOK POST
pustaka-indo.blogspot.com “Studwell menyajikan banyak informasi tentang proyek bisnis para godfather, juga kehidupan seks mereka. … Perkara seks ini membuat Asian Godfathers jadi buku laris.” —BANGKOK POST “Para godfather… benar-benar seperti parasit. Mereka memperoleh monopoli akses yang menguntungkan melalui guanxi beserta kroni-kroni politiknya.” —JOHN D. VAN FLEET, SHANGHAI “Reportase yang utuh dengan kepekaan sejarah menyangkut orang-orang hebat di balik perekonomian Asia.” —JEFF ANDREW, PENGAMAT ASIA pustaka-indo.blogspot.com ASIAN GODFATHERS Menguak Tabir Perselingkuhan Pengusaha dan Penguasa Joe Studwell mencerdaskan, mencerahkan pustaka-indo.blogspot.com Diterjemahkan dari ASIAN GODFATHERS Money and Power in Hong Kong and South-east Asia Hak cipta © Joe Studwell, 2007 Hak terjemahan Indonesia pada penerbit All rights reserved Penerjemah: Yanto Musthofa Editor: Julie Indahrini Desain sampul: Iksaka Banu Tata letak: Dadang Kusmana Cetakan 1, November 2015 Diterbitkan oleh PT Pustaka Alvabet Anggota IKAPI Ciputat Mas Plaza Blok B/AD Jl. Ir. H. Juanda No. 5A, Ciputat Tangerang Selatan 15412 - Indonesia Telp. +62 21 7494032, Faks. +62 21 74704875 Email: [email protected] www.alvabet.co.id Perpustakaan Nasional RI. Data Katalog dalam Terbitan (KDT) Studwell, Joe Asian Godfathers: Menguak Tabir Perselingkuhan Pengusaha dan Penguasa/Joe Studwell; Penerjemah: Yanto Musthofa; Editor: Julie Indahrini Cet. 1 — Jakarta: PT Pustaka Alvabet, November 2015 432 hlm. 15 x 23 cm ISBN 978-602-9193-76-3 1. Sosial/Politik I. Judul. pustaka-indo.blogspot.com -
Hong Kong Telecom Sector
China / Hong Kong Industry Focus Hong Kong Telecom Sector Refer to important disclosures at the end of this report DBS Group Research . Equity 5 June 2018 Ringing a different tone HSI : 30,998 Expect higher residential broadband ARPU upside as low-ARPU subs contracted during the price war A N ALYST two years ago are due to renew their service Chris KO CFA, +852 2971 1707 [email protected] plans at higher prices in 2018 Tsz Wang TAM CFA, +852 2971 1772 Residential broadband operators are focusing on [email protected] raising revenue per customer by offering more services Mobile roaming market becoming a new arena Recommendation & valuation for price competition HKBN is our top pick in the sector as it benefits Company Price T arget Rec Mk t Cap F Y19F the most from a tariff hike in the residential Price Yield broadband market HK$ HK$ US$m % HKBN 11.08 13.90 BUY 1,426 6.7 Renew ing low-ARPU residential broadband subs at higher (1310 HK) HKT Trust prices. We expect the low-ARPU residential broadband subs 9.91 12.80 BUY 9,599 6.7 contracted in 2016 (when there was a price war) to renew (6823 HK) their service plans at a higher price in 2018, supporting an Hutchison Telecom 2.81 3.10 HOLD 1,732 2.0 industry tariff hike. Moreover, the duopoly players HKT (6823 (215 HK) HK, BUY) and HKBN (1310 HK, BUY) are also focusing on Smartone Telecom 8.65 7.80 HOLD 1,245 4.4 increasing their revenue per customer by bundling and selling (315 HK) more value-added services. -
Ready for Take-Off
Construction & real estate / Hong Kong 11 January 2012 Hysan Development Target price: HK$35.20 Up/downside: +35.1% 14 HK | HYSNY US Share price (9 Jan): HK$26.05 Initiation: ready for take-off • Hysan has one of the best pure retail portfolios in Asia and its potential is just starting to emerge • We believe the company is poised for a take-off in earnings and dividend growth, which could last for several years • It offers both growth and defensive appeal; coverage initiated with a Buy rating How do we justify our view? over 3x more than Hysan’s current Risks. We see the main risk as a share price, in three years’ time. We decline in Mainland visitors to Hong apply a 40% discount to our end- Kong. In addition, we believe good 2012E NAV to derive our six-month execution is required to bring out the target price of HK$35.2, implying 35% full potential of Hysan’s portfolio. Jonas Kan, CFA upside potential. (852) 2848 4439 Share price performance [email protected] Catalysts. The opening of Hysan (HK$) (%) Yannis Kuo Place, scheduled in mid-2012, is a 44 110 (852) 2773 8735 38 100 [email protected] strong potential catalyst, and also one whose significance we believe extends 32 90 Alex Ye beyond driving net-profit growth of 26 80 (852) 2848 4471 21.8% for 2012E and 23% YoY for 20 70 [email protected] Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 2013E. We think Hysan’s retail and Hysan Development (LHS) Relative to HSI (RHS) office portfolio and also Causeway Bay Investment case. -
2019 Annual Report
FINANCIAL HIGHLIGHTS 2019 2018 Change Earnings & Dividends# Per Share Earnings per Share # Performance nd Dividends per Share Celebrating its 52 3.5 Loss per share HK$(0.67 ) HK$(0.45 ) 48% 3 Dividends per share year of operation, Television 2.5 - Interim HK$0.30 HK$0.30 2 - Final HK$0.20 HK$0.70 HK$0.50 HK$1.00 Broadcasts Limited is the 1.5 HK$ 1 HK$’mil HK$’mil leading terrestrial TV broadcaster 0.5 Revenue from external customers - Hong Kong TV broadcasting 2,190 2,923 -25% Since0 2016, TVB has headquartered in Hong Kong. TVB - myTV SUPER 442 402 10% -0.5 - Big Big Channel business 129 87 47% been-1 transformed from - Programme a licensing and 2015 2016 2017 2018 2019 is also one of the largest distribution 740 870 -15% YEAR # excluding special dividend - Overseas pay TV and traditional media to a TVB Anywhere 144 140 3% commercial Chinese programme - Other activities 4 55 -92% major digital player, 3,649 4,477 2019 Revenue from External Customers by producers in the world with an Operating Segment Segment profit/(loss)* % relating to 2018 are shown in brackets operating over-the-top - Hong Kong TV broadcasting (304 ) 194 N/A annual production output of over - myTV SUPER 40 16 154% Hong Kong TV broadcastingservices - Big Big Channel business 44 (19 ) N/A 60% (65%) myTV SUPER - Programme licensing and 22,000 hours of dramas and distribution 412 414 -1% Programmeand TVB Anywhere - Overseas, pay TV and licensing and TVB Anywhere (10 ) (16 ) -37% variety programmes, in addition distribution - Other activities (4 ) (17 ) -74% 20%social (19%) media platform - CorporateBig support# (152 ) (150 ) 1% to documentaries and news Other activities 26 422 -94% 1% (2%) Big Channel and e-commerceTotal expensesΔ 3,698 4,062 -9% reports, and an archive library of Overseas pay TV myTV SUPER Big Big andplatform TVB Anywhere 12% (9%) Big ChannelBig Shop Loss attributable.