24 June 2017

Ko Tin-yau

Hong Kong Economic Journal columnist
  • Travis Kalanick’s desire to keep expanding Uber's operations may not match major investors’ interest in generating some hard cash and profit. Photo: Reuters

    Will Travis Kalanick stage a comeback?

    - Jun 23, 2017 11:27am
    Entrepreneurs in the information technology era usually have strong personalities, which can both help and hurt their careers. Uber co-founder and chief executive Travis Kalanick resigned on Tuesday. The decision came at a difficult time, since...
  • Nokia has long emerged from its mobile phone setback and transformed itself into the world’s No. 2 telecommunication equipment supplier. Photo: Nokia

    Samsung, Nokia doing far better than most people think

    - Jun 22, 2017 11:45am
    Perception can be quite deceiving. Nokia’s exit from the mobile phone business and Samsung’s battery explosion saga might have left investors with the impression that the two are goners, but the truth is, both companies are...
  • Sa Sa’s losses from its online business widened in the fiscal year ended March due to higher logistics costs. Photo: Sa Sa

    Sa Sa e-commerce blunder flags logistics woes

    - Jun 21, 2017 10:35am
    Hong Kong cosmetics chain Sa Sa International (00178.HK) has posted disappointing annual results. And its shares have slumped more than 14 percent in past three trading sessions. However, the culprit is not the decline in mainland...
  • Whole Foods Market is one of the rare few that continue to grow a traditional retailing business despite the growing popularity of online shopping. Photo: Whole Foods Market

    New retail vs old retail

    - Jun 20, 2017 9:47am
    Amazon said last Friday it would spend US$13.7 billion to acquire grocery chain Whole Foods Market Inc., marking the largest deal for the e-commerce giant which now has a market value of US$480 billion. The share...
  • The Rockefeller example shows the importance of passing on family values along with the family wealth. Photo: Rockefeller Center

    What the family feuds in Hong Kong and Singapore tell us

    - Jun 19, 2017 10:00am
    A local real estate clan has come under spotlight recently after the matriarch filed a suit against a bank that serves as a trustee of the family business. The family trust owns 33 percent of the...
  • People who have little chance of big career advancement may feel it might be better to focus on staying eligible for overtime pay and public housing rather than securing small pay rises. Photo: HK Govt

    Why 11,000 is a magic number

    - Jun 16, 2017 10:03am
    Hong Kong’s Executive Council on Tuesday passed a proposal to make it mandatory for employers to pay workers overtime wages at rates no less than their regular salaries, but the rule applies only to those making...
  • The Panama Canal’s share of container cargo has been slipping due to heightened rivalry following the expansion of the Suez Canal. Photo: Wikipedia

    Why Panama needs to befriend China

    - Jun 15, 2017 11:53am
    Panama has recently severed its longstanding diplomatic ties with Taiwan in favor of China, reflecting in part its increasing economic reliance on China. With a small population of 3.7 million, Panama has two main economic pillars....
  • Considering the potential benefits from redevelopment plans and upcoming residential projects in the area, KCP may see better days ahead. Photo:

    Fate of Kowloon City Plaza tied to HK’s economic ups and downs

    - Jun 14, 2017 11:06am
    Kowloon City Plaza, owned by toy tycoon Francis Choi Chee-ming, is said to have received a bid from a mainland investor who values the property at HK$5 billion. Ownership of the shopping mall has changed hands several...
  • Kwai Chung container terminal is now operated by five companies. Photo: China Daily

    Building houses atop container terminals isn’t such a crazy idea

    - Jun 13, 2017 9:30am
    Chow Ming-kuen, former president of the Hong Kong Institute of Engineers, has suggested that Hong Kong should explore residential development on top of the city’s container terminals. This idea has never been tested anywhere in the...
  • Deutsche Bank expects property demand to drop by 48 percent in the next 10 years in view of Hong Kong's aging population. Photo: HKEJ

    Would Deutsche Bank’s grim forecasts on HK property happen?

    - Jun 12, 2017 10:06am
    In a report last week, Deutsche Bank said housing prices in Hong Kong could slump by 48 percent over the next 10 years while vacancy rates could spike to 9 percent. The bank based its predictions...
  • Financial stress has pushed century-old South China Football Team to leave Hong Kong's top-tier premier league. Photo: South China Football Team

    The sad decline of Hong Kong football

    - Jun 9, 2017 10:25am
    The once-famous Hong Kong soccer team South China Football Team has filed an application to leave the city’s top-tier premier league from next season due to financial reasons. The decision marks the first time the team...
  • Local short-seller Anonymous Analytics said rival Gotham’s report on AAC Technologies is grossly misleading. Photo:Twitter

    War of words between two short-sellers: What is going on?

    - Jun 8, 2017 12:16pm
    Anonymous Analytics released a 51-page report attacking short-seller Gotham City Research over the latter’s report on Apple supplier AAC Technologies Holdings Inc. (02018.HK). Short-sellers are considered part of the New Media, which may offer some insights...
  • New property projects continue to draw large queues as home prices keep hitting new records. Photo: HKEJ

    Why it’s dangerous to relax the home policy

    - Jun 7, 2017 11:34am
    Chief Executive Leung Chun-ying recently wrote in his blog that there is a time lag of four or five years in housing supply. The message was probably intended to defend his housing policy over past five...
  • Alibaba founder Jack Ma established Cainiao in 2013 to create a logistics data platform that links couriers, warehouses and merchants to boost delivery efficiency.  Photo:

    Why Alibaba and SF Express are fighting over data

    - Jun 6, 2017 10:50am
    E-commerce titan Alibaba’s logistics unit Cainiao has been in a standoff with the number one courier SF Holding Co. (002352.CN) recently. Both companies have agreed to resume co-operation and data sharing after China’s State Post Bureau...
  • With annual sales reaching 1.4 billion pounds, Asos has become the largest online fashion brand in the UK. Photo: Asos

    Make way for ultrafast fashion

    - Jun 5, 2017 10:27am
    Fast fashion retailers like Spain’s Zara, Sweden’s H&M and Japan’s Uniqlo have taken lots of business away from of numerous low and middle-priced fashion brands in recent years. Pioneers of the fast fashion model like Zara’s...
  • The success of Shanghai Disney park gives an idea about the spending power of the  Chinese middle class. Photo: Shanghai Disney Resort

    How Shanghai Disney park turned profitable so quickly

    - Jun 2, 2017 11:18am
    Costing 34 billion yuan to build, the Shanghai Disney park was once predicted to be a money loser for years given its small size and high ticket prices. Even Chinese property tycoon Wang Jianlin said the park...
  • Despite the high-leverage approach of its founder Xu Jiayin (left), Evergrande Group has continued to boost its market share and valuation. Photo: China Daily

    Short sellers wiped out as Evergrande share price soars

    - Jun 1, 2017 10:21am
    Mainland property stocks have done very well recently, with Evergrande Group (03333.HK) spiking over 50 percent within five trading days. What is behind the rally and why has Evergrande outperformed? China’s housing market has continued to...
  • Many small investors blame the persistent decline of small and mid-cap shares on CSRC chief Liu Shiyu’s reforms. Photo:

    How China’s securities watchdog performs a tight balancing act

    - May 31, 2017 11:44am
    China Securities Regulatory Commission (CSRC) Chairman Liu Shiyu recently invited retail investor representative (also an economist) Han Zhiguo to lunch in the CSRC canteen. After the lunch, Han revealed in his Sina Weibo account that during the...
  • Moody's biggest shareholder is Berkshire Hathaway, the flagship company of billionaire investor Warren Buffett.

    Why credit ratings business is still very lucrative

    - May 29, 2017 12:30pm
    Financial markets keep a close eye on actions of major credit rating agencies, but their reactions to sudden announcements from the global firms can be varied and unpredictable. Last week, we saw muted reaction on the...
  • China Evergrande Group founder Xu Jiayin has been able to sail through crisis one after another despite concerns about the firm's high leverage. Photo: Bloomberg

    How did Evergrande keep proving the naysayers wrong?

    - May 26, 2017 9:59am
    Mainland property plays have in general done very well this year, in particular highly leveraged developers. Sunac China Holdings (01918.HK), Country Garden Holdings (02007.HK) and Agile Group Holdings (03383.HK) soared 86 percent, 90 percent and 79...

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