20 July 2017

Finance & Property

  • Driehaus’ price momentum approach would work well in a market where outperformers keep outperforming.  Photo:

    Stock-picking: Spotting the stars with Driehaus strategy

    - Jul 20, 2017 3:57pm
    Given the recent market conditions which saw strong stocks become even stronger, the strategy of picking outperforming counters assumes ever greater importance. This week, we apply the Richard Driehaus approach in selecting the top-performing stocks. Richard...
  • Dalian Wanda chairman Wang Jianlin said the revised deal will significantly lower the company's debt. Photo: Bloomberg

    Wanda amends Sunac property deal amid China funding curbs

    Jul 20, 2017 8:13am
    Chinese commercial property conglomerate Dalian Wanda Group altered a deal with Sunac China (1918.HK) announced a week ago, after banks scrutinized their credit risk, by bringing in another developer Guangzhou R&F Properties (2777.HK). In a joint...
  • Baidu’s robot Xiaodu appears in a reality TV show. The technology giant has invested heavily in artificial intelligence. Photo:

    Investors should not miss the AI boom

    - Jul 18, 2017 5:08pm
    China has a great advantage in developing artificial intelligence because it gives technology companies access to a large pool of data from its 1.4 billon population, enabling algorithms to work much faster, according to a recent...
  • BNP Paribas failed to prevent its traders from using electronic chatrooms to collude with rivals to manipulate prices and benchmark rates, the Federal Reserve said. Photo: Reuters

    Fed fines BNP Paribas US$246 mln over currency manipulation

    Jul 18, 2017 8:33am
    The French bank BNP Paribas SA agreed to pay US$246 million to the US Federal Reserve to settle accusations of misconduct in its foreign-exchange business, the Wall Street Journal reports. The French bank failed to prevent...
  • Property projects from Britain have done well in Hong Kong. Photo:

    Tips for buying residential units in foreign markets

    - Jul 17, 2017 2:37pm
    Buying residential units outside the local market is nothing new for Hong Kong residents. Even in the 1990s, developers in Guangdong province have sold residential units to Hong Kong people. But as Guangdong is close to...
  • Intermediation spread can be measured by two possible approaches – one from the providers’ point of view, IS(P), and the other from the users’ point of view, IS(U). Image credit: Joseph Yam

    Inter-temporal shift of the intermediation spread

    - Jul 17, 2017 12:55pm
    The important services provided by the financial system in mobilizing money from those who have it to those in need of it obviously are not free. There are costs involved in the provision of the many...
  • Entertainment plays like Huayi Brothers Media currently enjoy huge popularity and thus high valuation in China's stock market. Photo: China Daily

    China equities: Property less appealing than entertainment plays

    - Jul 14, 2017 4:51pm
    China’s property conglomerate Dalian Wanda Group has been actively pursuing a transformation of its business model in recent years. In its latest deal, Wanda agreed to offload 76 hotels and a 91 percent stake in 13...
  • M.K. Koo is among the Hong Kong businessmen who have benefited immensely from real-estate assets in China. Photo: HKEJ

    HK industrial firms reap big from China real-estate assets

    - Jul 14, 2017 11:32am
    Chinese property developers’ appetite for land seems unstoppable. Kaisa Group Holdings (01638.HK) announced this week that it agreed to pay US$110 million for 17.7 percent stake in US-listed Nam Tai Property. Nam Tai Property was founded...
  • To realize the full potential of the Lok Ma Chau Loop and turn it into a tech hub, authorities need to build new road and rail transport infrastructure. Image credit: Savills

    Hong Kong’s new tech frontier: Yuen Long

    - Jul 14, 2017 9:47am
    Big things are coming to Yuen Long. In January, Hong Kong and Shenzhen joined hands to turn the Lok Ma Chau Loop into the Hong Kong/Shenzhen Innovation and Technology Park, and a 87-hectare project that will...
  • Hong Kong stocks have done well over past six months, but largely led by a limited number of strong plays. Photo: Reuters

    HK equity strategy: Stick to the best performers

    - Jul 13, 2017 3:42pm
    The Hang Seng Index posted an impressive return of 17.1 percent in the first half of this year. However, nearly 2,000 individual stocks failed to outperform and some of them even lagged behind the benchmark. That...
  • Chinese developers are beefing up their land banks to take advantage of the housing boom. Photo: Xinhua

    Chinese property developers flush with cash

    - Jul 13, 2017 10:02am
    Trading on the shares of Future Land Development Holdings (01030.HK) has been suspended, pending the release of an announcement related to a possible arrangementto go private. The counter has spiked 160 percent over last 12 months,...
  • Wanda, led by its chairman Wang Jianlin, is selling some assets to reduce the group's debt and improve the prospects for domestic listing of a unit. Photo: Bloomberg

    Why is Wanda in a rush to offload assets?

    - Jul 12, 2017 2:15pm
    In what appears to be a snap decision, Chinese property giant Dalian Wanda Group agreed to sell 76 hotels and 13 cultural and tourism projects to Sunac China, a Tianjin-based developer, for 63.17 billion yuan. Why...
  • Despite a general market uptrend in the past few months, Hong Kong stocks have not seen a notable rise in trading volumes. Photo: Bloomberg

    Why some Hongkongers are wary of equities

    - Jul 12, 2017 9:39am
    I’ve just returned from a cruise trip. During the voyage, I learnt that almost all the tour participants were retirees, and that most of them were financially secure. The senior citizens built up their wealth from...
  • HSBC and 13 other banks have been accused of rigging an interest rate benchmark used in the US$483 trillion derivatives market. Photo: AFP

    HSBC, UBS settle US rate-rigging case; payout tops US$408 mln

    Jul 12, 2017 8:44am
    HSBC Holdings Plc and UBS Group AG have each agreed to pay US$14 million to settle private US litigation accusing them of rigging an interest rate benchmark used in the US$483 trillion derivatives market, Reuters reports....
  • Retailers in Hong Kong can expect a pickup in business as shoppers return and landlords offer rent discounts in core districts. Photo: HKEJ

    Retailers keen to open more stores in Hong Kong next year: JLL

    Jul 11, 2017 3:32pm
    US realty consultancy firm JLL found that 62 percent of overseas and local retailers it recently surveyed have plans to open new stores in Hong Kong next year, although the days when commercial landlords would just sit...
  • Warren Buffett's net worth is estimated by Forbes at US$76.3 billion, while that of Bill Gates' is placed at US$89.4 billion. Photo: Bloomberg

    Buffett donates US$3.17 bln to Gates foundation, four charities

    Jul 11, 2017 7:41am
    Warren Buffett donated roughly US$3.17 billion of Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune....
  • Dalian Wanda, owned by Wang Jianlin, said the brand name and design of the tourism projects will remain unchanged, and they will still be operated and managed by Wanda. Photo: Bloomberg

    Wanda to sell tourism projects, hotels to Sunac for US$9.3 bln

    Jul 10, 2017 2:04pm
    Dalian Wanda Group on Monday said it will sell 91 percent of 13 tourism projects, as well as 76 hotels in China, to Sunac China for a total of 63.18 billion yuan (US$9.3 billion), Reuters reports....
  • Over 95 percent of the turnover in the foreign exchange market for the major currencies represents position-taking by financial institutions and others playing the market for financial gain, according to surveys. Photo : Reuters

    Viewpoints on financial culture: Financial infrastructure

    - Jul 10, 2017 12:00pm
    We are all familiar with the physical infrastructure comprising such important facilities as airports, railways, roads and bridges that allow people and goods to be moved from one location to another safely and quickly. The efficient...
  • China’s home ownership rate has already hit 95.4 percent. Photo: China Daily

    Why China housing boom may not sustain

    - Jul 7, 2017 4:39pm
    China’s home prices have soared in recent years amid the loose monetary policy. While many argue that strong housing demand will continue to support high prices, that is not entirely correct. Demand may still be robust...
  • The Hang Seng Index is tipped to enter a period of consolidation and may eventually resume its uptrend in the fourth quarter or early next year. Photo: China Daily

    Hang Seng Index: What happens next after a six-month rally?

    - Jul 6, 2017 5:12pm
    The Hang Seng Index showed two rare phenomena last month: it marked its sixth consecutive month of gains, and its monthly volatility hit a record low. Can these tell us anything about the market’s future direction?...

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