21 July 2018
HSBC, HKT and HAECO are celebrating major anniversaries this year. Photo: HKEJ
HSBC, HKT and HAECO are celebrating major anniversaries this year. Photo: HKEJ

Happy anniversary to HSBC, HKT, Haeco and CCB

Get a HK$150 note from HSBC.

Find a time to visit the Clock Tower in Tsim Sha Tsui and, if possible, Singapore.

Watch out for good news from China Construction Bank and The Link REIT, because there are is a good chance of a surprise.

This is because all these firms and places will celebrate big anniversaries in 2015, the Year of the Sheep.

HSBC will announce details of the new HK$150 banknote celebrating its 150th anniversary in Hong Kong.

It is not the first bank to come up with the idea of a note of that unusual denomination (StanChart did it in 2009 to mark its own 150th anniversary in Hong Kong).

Nor is the new note likely to generate strong speculative demand from across the border (where the antigraft campaign is still going strong).

Still, we hope that the notes will bring luck to Hong Kong’s namesake bank, which has been subjected to endless investigations of its banking practices and the consequent never-ending penalties.

Turning to Tsim Sha Tsui, a century ago it was the place for the millions of Chinese immigrants who arrived at the terminus of the Kowloon-Canton Railway to begin their new lives in Hong Kong.

Now it is a place for mainland Chinese to go shopping.

Check out the century-old Clock Tower, the red brick-and-granite tower at the once-bustling station and an elegant reminder of the Age of Steam. Looking further to the west, the high-speed rail station in West Kowloon should be ready in the not so distant future.

Next to the Clock Tower is Hong Kong Telephone — now renamed HKT Trust and HKT Ltd. (06823.HK) — which is celebrating its 90th anniversary this year.

After acquiring its rival CSL Ltd., HKT Trust, now with a market cap of HK$75 billion and the 60th-largest listed company in Hong Kong, is back in growth mode. With luck, it could return to the Hang Seng Index this year, if not next.

You read it here first.

This year will mark the 50th listing of HAECO (00044.HK), one of the world’s largest leading independent aircraft engineering and maintenance firms, part of the Swire group.

One thing you may not know about this company: it is facing a labour shortage. HAECO has listed more than 50 jobs on its website since last month.

This year also marks the 50 year anniversary of Singapore as an independent country.

In part to attract more tourists, Singapore has devalued its currency. The Singapore dollar has dropped below HK$6. Well, the lower the merrier.

Several companies have listing anniversaries coming up this year.

Midland Holdings Ltd. (01200.HK) is celebrating its 20th anniversary.

Three blue chips are celebrating the 10th anniversary of their listing: China Construction Bank Corp. (00939.HK), Bank of Communications Co. Ltd. (03328.HK) and The Link REIT (00823.HK).

Stocks tend to outperform in their anniversary years, because companies have an extra incentive to reward their shareholders. Watch out for special dividends.

Good luck!

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EJ Insight writer

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