24 January 2018

Ben Kwok

EJ Insight writer
  • The lucky winner in Thursday's Mark Six draw only bought a half ticket, which means half of the HK$133 million top prize will be added to the pool in the next week's lottery. Photo: HKEJ

    Dream on: Mega Mark Six jackpot is still on ice!

    - Jan 12, 2018 10:42am
    First, the bad news: we still need to get up to work, as always.  But the good news is that there will always be another chance. We are, of course, talking about the HK$100 million Mark...
  • Commercial landlords in Hong Kong's Causeway Bay area have reaped huge returns on their investments, thanks to a surge in property values and rental prices. Photo: Bloomberg

    Percival Street shop owner rings in 1,000-fold returns

    - Jan 11, 2018 11:44am
    You do not need to be a Mark Six winner to get thousand-fold returns. Perhaps you should have just bought a shop in the bustling Causeway Bay area at the right time. Take a look at...
  • A HK$110 million jackpot awaits the lucky Mark Six winner this Thursday. Photo: HKEJ, HKJC

    Mark Six ‘Five Ones’ jackpot awaits the lucky winner

    - Jan 10, 2018 12:31pm
    Since Mark Six was launched, the Hong Kong Jockey Club has never issued a nine-digit cheque to any winner of the lottery. That’s because the first division or top prize above HK$100 million has always been shared...
  • Hong Kong stocks extended their rally into the New Year, helping the benchmark index close above the 31,000 level on Tuesday. Photo: Bloomberg

    A strong winter rally above 31,000

    - Jan 9, 2018 6:08pm
    Everything – except the temperature – is up. The stock market is onto its biggest party, with the Hang Seng Index posting gains for the 11th straight session and notching fresh 10-year highs, taking the benchmark...
  • Esprit will be paying HK$1 million a month, a 60 percent discount to its previous rental of HK$2.5 million at MPM Plaza in Mong Kok. Photo: HKEJ/Reuters

    Esprit gets 60% rent discount in Mong Kok

    - Jan 8, 2018 1:11pm
    Much like the current season, retail sentiment in Hong Kong is getting warmer but traders are bracing for chilly weather ahead. Yes, mainlanders are coming back, but more people are shifting to online shopping. As a...
  • New People's Party chair Regina Ip (right) and member Judy Chan poke fun at themselves after discovering the printing error in their 2018 calendars. Photos: Internet/Facebook (Judy Chan)/HKEJ

    What a difference a day makes for New People’s Party

    - Jan 5, 2018 7:35pm
    In Hong Kong, it is easy to crack a joke about a political party, but it is perhaps easier to turn a political party into a joke. Ask the New People’s Party, which found itself the butt...
  • As property demand remains high despite stratospheric prices, Hong Kong's developers make hay. Photo: Bloomberg

    What the first 2018 home sale launch tells us about the market

    - Jan 4, 2018 3:45pm
    There aren’t too many eyebrows being raised as Sun Hung Kai Properties launches its first residential project in Ma On Shan that will see units priced at nearly HK$17,000 per square foot on average. Comprising homes...
  • Kimbie Chan (pictured here with her husband Joseph Lau) has made some smart bets, helping her become one of the richest women in the world. Photo: HKEJ

    Asia’s richest woman turns Evergrande into HK$10 bln money tree

    - Jan 3, 2018 1:14pm
    Big bet, big payout. Such is the case for Chinese Estates, controlled by Kimbie Chan, wife of flamboyant tycoon Joseph Lau Luen-hung. The property company disclosed that it built up a substantial stake in China Evergande,...
  • Momo Cheng Hoi-yan (left), 26, donated a part of her liver to save a dying mother. Photo: Now TV

    Momo Cheng beats Carrie Lam as Person of the Year

    - Jan 2, 2018 3:35pm
    What does it take to become the Person of the Year? For this year, the winner of the award is not a top official running a good government, a famous sports personality or a respected businessman....
  • The Hong Kong stock market outperformed this year with the blue-chip Hang Seng Index closing at 29,919.15. Photo: Bloomberg

    Wishing for an even better stock market in 2018

    - Dec 29, 2017 4:43pm
    Things could not go any better for Hong Kong’s stock market in 2017. Forget all the doom and gloom you hear about the future of Hong Kong. The Hang Seng Index closed at almost 30,000 (29,919.15,...
  • CEC International, led by its chairman Lam Wai-chun, has cashed in on investments it made in small-sized residential units. Photo: HKEJ

    Property investments rescue owner of chain store 759

    - Dec 18, 2017 2:02pm
    Small homes, high returns! If you need proof of that, just ask CEC International, which has reaped handsome gains by selling several tiny residential units it has invested in over the past decade or so. The...
  • Tencent Holdings, Ping An Insurance and Geely Auto are among the best performers on the Hang Seng Index. Photos: Bloomberg, Reuters

    Hang Seng or Tencent Index?

    - Dec 15, 2017 1:05pm
    The festive season is upon us, and Santa Claus has stuffed our Christmas stockings with bulging goodies, that is, in the form of pension investment and stock portfolio returns. Mind you, the best ones are from...
  • Professor Ceajer Chan Ka-keung paid HK$33.93 million for a 1,404-square-foot unit and two parking spots at Amber Garden in Mid-Levels. Photo: Bloomberg/Internet

    KC Chan disregards own warnings about property market risks

    - Dec 14, 2017 2:45pm
    It seems Professor Ceajer Chan Ka-keung, despite his scholarly background, is not dogmatic at all about his own precepts. The former secretary for financial services and the Treasury disregarded his own advice about the property market and...
  • The mobile game Tower of Saviors made a big splash in Hong Kong and Taiwan, attracting five million downloads shortly after it was released in January 2013. Photo: YouTube

    What would every local startup buy after making big bucks?

    - Dec 13, 2017 11:14am
    It all boils down to a game of Monopoly: whoever acquires the most number of properties wins. The Tsang brothers, who developed the highly popular mobile game Tower of Saviors, are no exception to the rule....
  • The author (R) shares an image taken during his last meeting with Professor Huangfu Ho-Wang in Taipei three weeks ago.

    Huangfu, my respected Taiwan journalism professor

    - Dec 12, 2017 12:13pm
    Three weeks ago, during a trip to Taipei, I asked Professor Huangfu Ho-Wang out to lunch. The professor, my former journalism teacher, didn’t say no, and joined me at a restaurant at a pre-arranged time. However,...
  • Abraham Shek feels new limits on company directorships are restrictive. Photo: Business and Professionals Alliance of Hong Kong

    Why Abraham Shek is not too happy

    - Dec 11, 2017 3:04pm
    Spare a thought for Abraham Shek Lai-him, who is on the verge of losing two-thirds of his directorships. At 72, the pro-establishment legislator who sits on the boards of 15 listed companies as independent non-executive director...
  • Hai Di Lao Hotpot is renowned for its unique brand of service, which could be excessive at times. Photo: Facebook/Hai Di Lao

    Why too much is not too good at Hai Di Lao Hotpot

    - Dec 8, 2017 3:53pm
    It’s not often that yours truly writes three pieces on a certain restaurant before actually visiting it, but hotpot operator Hai Di Lao Hotpot is an exception. Billed as having the best service among all eateries...
  • The release of the BOCHK centenary banknotes is at a specific hour in the afternoon when many Hongkongers would be at work. Photo: Bloomberg

    BOCHK centenary note issue: Third time’s not the charm

    - Dec 7, 2017 2:57pm
    Something went wrong with Bank of China (Hong Kong) in selling its centenary notes. I can’t describe this mixed feeling when I am informed that I am one of the lucky winners that gets the commemorative...
  • Through a wholly owned company, Victor Gao Zhikai asked Huanxi Media Group to issue replacement share certificates. Photo: YouTube

    Deng’s ex-interpreter loses HK$87 mln in share certificates

    - Dec 6, 2017 5:55pm
    On paper, he must have been an excellent interpreter and lawyer. But in a newspaper advertisement, he seemed to be an absent-minded person. According to the advertisement, Huanxi Media Group non-executive director Victor Gao Zhikai lost...
  • A series of top-level exits at AVIC Joy has left its minority shareholders befuddled.

    What’s going on at AVIC Joy?

    - Dec 5, 2017 4:01pm
    Something must have gone terribly wrong at AVIC Joy Holdings. The tiny listed firm, formerly known as China Environmental Investment Holdings, has had three chairmen in the space of just about four weeks. The company, which is involved...

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