21 November 2019

Ko Tin-yau

Hong Kong Economic Journal columnist
  • McDonald's is expected to gain substantial benefits from its adoption of new technology. Photo: Reuters

    How technology is transforming McDonald’s operations

    - Sep 19, 2019 4:50pm
    McDonald’s posted a 20 percent rally year-to-date following a 35 percent jump last year, making it one of the best-performing blue chips in the US equity market. The fast-food giant reported US$7.5 earnings per share last...
  • If Uber raises its fares to cover extra costs due to California’s new labor bill, business volume may decline and drivers' income could get affected. Photo: Bloomberg

    California’s new labor bill and its impact on the gig economy

    - Sep 18, 2019 3:32pm
    California’s State Senate last week approved a landmark bill that would require gig-economy companies like Uber and Lyft to treat workers as employees instead of independent contractors. The legislation means the workers would be entitled to...
  • GM workers want the automaker to share a bigger share of its profits with the employees, among other demands. Photo: Reuters

    Why GM strike is expected to be short-lived

    - Sep 18, 2019 11:34am
    Forty-nine thousand workers of General Motors (GM) went on strike in the US from Monday, the biggest protest by the United Automobile Workers union (UAW) since 2007, amid a dispute over contract negotiations and factory relocation...
  • Hong Kong will pay a price if it allows Chinese state firms to make significant inroads into industries like finance, public transportation, telecoms and aviation, an observer warns. Photo: Bloomberg

    Why HK needs to be careful amid China SOE mobilization talk

    - Sep 17, 2019 11:17am
    Senior officials from nearly a hundred large Chinese state-run companies were said to have gathered in Shenzhen over the weekend for a meeting during which they were urged to step up investments in, or assert more...
  • HKEx CEO Charles Li (inset) has pushed a deal for the LSE Group, but has been rebuffed by the London bourse. Photo: Reuters

    Should HKEx investors be excited about the takeover bid for LSE?

    - Sep 17, 2019 10:16am
    Hong Kong Exchanges and Clearing (HKEx, 00388,HK)) unveiled a surprise US$39 billion takeover bid for the London Stock Exchange (LSE) last week, news that sparked plenty of excitement among mainland netizens as they expect the deal...
  • Xi Jinping's comments at a party meeting have revived hopes that Beijing will implement various reform tasks outlined six years ago. Photo: Reuters

    Xi weighs in on promoting market economy and private sector

    - Sep 16, 2019 9:50am
    During a recent party conference, Chinese President Xi Jinping highlighted the need to implement various reform tasks set out in the 2013 third plenary session of the 18th Communist Party of China (CPC) Central Committee, which...
  • President Xi Jinping has vowed to build a better business environment and ensure equal market access for the private sector. Photo: Reuters

    Xi pledges more support for private firms: Is he serious?

    - Sep 11, 2019 5:02pm
    China has unveiled a package of measures to stimulate economic growth, including cutting the amount of cash banks are required to keep on reserve. In particular, at a key Communist Party meeting held on Monday, President...
  • King Fook sources products worldwide and invites VIPs to the shop to try them on. Photo: King Fook/Facebook

    Social unrest a wake-up call for local retailers

    - Sep 10, 2019 4:23pm
    People from all walks of life are being affected by the ongoing unrest in Hong Kong. But King Fook Holdings (00280.HK) has managed to buck the trend. Founded by the late Young Chi-wan in 1948, King Fook...
  • The Hang Seng China Enterprises Index is seen as a fairly good gauge of the overall health of China’s economy. Photo: Reuters

    Are the HSCEI stocks oversold?

    - Sep 10, 2019 11:20am
    Trailing 12 months average price-to-earnings multiple of Hang Seng China Enterprise Index (HSCEI) stocks has slipped below the 8-mark last month, putting it lower than even the levels seen during the depth of the Asian financial...
  • Facebook and other social media platforms are preparing against a fresh onslaught of fake news as the US presidential election approaches. Photo: Reuters

    Online world getting increasingly chaotic

    - Sep 9, 2019 11:39am
    Facebook announced last Thursday that it would extend its fact-checking cooperation with international news agency Agence France-Presse to Hong Kong. AFP fact-checkers will help review posts from Hong Kong Facebook users, do the fact-checking and give...
  • Chinese authorities are expected to unveil soon an amended law related to private education system. Photo: Bloomberg

    Will China ban VIE structure for education firms?

    - Sep 6, 2019 10:48am
    China’s educational sector stocks suffered a sharp slide on Tuesday after Liu Wei, president of Renmin University, suggested that authorities should ban education-related firms from listing shares overseas using Variable Interest Entity (VIE) structure, to safeguard...
  • Home Credit has a 28 percent share of China's consumer lending market. Photo: Reuters

    IPO candidate Home Credit is big in China small loan market

    - Sep 5, 2019 10:51am
    Petr Kellner, the Czech Republic’s richest man, has filed for an initial public offering in Hong Kong for his consumer lending business Home Credit. The company has an estimated valuation of over HK$100 billion. This would...
  • It is forecast that factories around the world will introduce AI-powered robotic arms on a large scale within five years. Photo: Reuters

    The rise of the unmanned factory

    - Sep 3, 2019 11:33am
    American Factory, the much-talked-about Netflix documentary about Fuyao Glass, a Chinese-owned manufacturing plant in Ohio, not only delves into the clash of cultures between Chinese and American workers but also explores the threat posed by automation...
  • Costco's first store in China, which opened in Shanghai last Wednesday, had to close early on its first day because there were simply too many shoppers. Photo: Reuters

    Glaring wealth disparity in China

    - Sep 2, 2019 10:40am
    There are a number of interesting economic stories about food in China. The nation’s largest producer of pickled mustard products, Chongqing Fuling Zhacai Group Co. Ltd. (002507.CN), saw its annual sales revenue increase by only 1.9 percent...
  • Sun Hung Kai Properties has a large property portfolio in China. The first phase of its landmark project at Shanghai Lujiazui is expected to be completed this year. Photo: SHKP

    Sun Hung Kai Properties appoints its first mainlander director

    - Aug 30, 2019 12:02pm
    Hong Kong’s top property developer Sun Hung Kai Properties (00016.HK) has appointed Wu Xiangdong, a former executive director of China Resources Land (01109.HK), as an independent non-executive director. Wu is the first mainlander to join the...
  • Fuyao Glass was able to introduce its management model into the Dayton factory, which swung back to profit last year. Photo: Reuters

    Fuyao Glass America: A clash of US and China work cultures

    - Aug 27, 2019 5:13pm
    American Factory is a documentary that tells the story of a Chinese company’s venture in Ohio. The film about Fuyao Glass America, aired on Netflix recently, was produced by Higher Ground, a production company backed by...
  • Chinese consumers have been bit by rising pork prices and a softer economy. Photo: Reuters

    Chinese provinces hand out pork subsidy amid price surge

    - Aug 27, 2019 10:38am
    China’s consumer inflation stood at 2.8 percent in July, the second highest level in over seven years. Food prices were up 9.1 percent during the month from a year ago, according to data from the National...
  • Li Ning has seen a resurgence in its popularity among young Chinese consumers. Photo: Li Ning

    Li Ning’s dramatic comeback

    - Aug 26, 2019 12:28pm
    Sportswear firm Li Ning (02331.HK) has seen its share price surge 180 percent over the past 12 months as the brand has regained its popularity among young Chinese consumers. Li Ning now has a market cap of...
  • Tesla's share price plunged after its founder and CEO Elon Musk admitted to taking pills to sleep. Photo: Reuters

    Should we factor in company head’s health when investing?

    - Aug 23, 2019 11:14am
    After Tesla’s founder Elon Musk admitted to taking pills to sleep in an interview with the New York Times, the share price of the electric car maker tanked 9 percent in a single day. This shows...
  • Greene King is expected to bring stable cash flow to CK Assets while providing a business that is internet-proof. Photo: Bloomberg

    Why Greene King is a good fit for CK Asset’s business portfolio

    - Aug 22, 2019 7:31am
    CK Asset Holdings (01113.HK), controlled by Hong Kong billionaire Li Ka-shing, said it will pay 2.7 billion pounds (US$3.28 billion) to acquire the 220-year-old pub and beer company Greene King in the United Kingdom. In recent...