Hong Kong IPO Pipeline - Aug 18 18 Aug 2009 15:23

     HONG KONG, Aug 18 (Reuters) - The following are some of the 
major companies planning initial public offerings on the Hong 
Kong stock exchange. 
    Please contact Fion Li at (+852) 2843-6936 to submit entries 
for this diary. 
    Click on the square bracket for the latest story. 
  * Denotes new entry or update 
    ** A- and H-shares combined 
=============================================================== 
DEBUT  COMPANY            SHRS   PRICE     MANAGERS    PROCEEDS 
DATE                     (MLN)  (HK$/SHR)              (US$MLN) 
=============================================================== 
Sept  Sinopharm           N.A.    N.A.     CICC, UBS      1,030 
2009  Holdings                          Morgan Stanley 
      [ID:nHKG262363] 
--------------------------------------------------------------- 
*Sept China South         N.A.    N.A.     Merrill Lynch,   513 
2009  City Holdings                           BOCI 
      [ID:nHKG232386] 
--------------------------------------------------------------- 
Sept  China Metallurgical N.A.    N.A.   Morgan Stanley   4,000** 
2009  Group                              CICC, Citi, 
      [ID:nHKG75082]                     Citic Securities 
--------------------------------------------------------------- 
Oct   China Vanadium      N.A.    N.A.       Citigroup      200 
2009  Titano Magnetite 
      Mining Co Ltd 
      [ID:nHKG218674] 
--------------------------------------------------------------- 
*Oct  China SCE           N.A.    N.A.   Deutsche Bank,     400 
2009  Property Holdings                  Morgan Stanley 
      [ID:nHKG320663] 
--------------------------------------------------------------- 
Q4    Wynn Macau          N.A.    N.A.  JPMorgan, UBS 500-1,000 
2009  <WYNN.O>                         Morgan Stanley 
      [ID:nSP478097] 
--------------------------------------------------------------- 
Q4    Lung Ming           N.A.    N.A.                500-1,000 
2009  [ID:nHKG44842] 
--------------------------------------------------------------- 
Q4    Longyuan            N.A.    N.A.    Morgan Stanley    700 
2009  Electric 
      [ID:nHKG185111] 
--------------------------------------------------------------- 
H2    Las Vegas           N.A.    N.A.    Goldman   1,500-2,000 
2009  Sands' <LVS.N> 
      Macau assets 
      [ID:nSIN441766] 
--------------------------------------------------------------- 
2009  Fantasia Group      N.A.   N.A.      UBS, Goldman     500 
      [ID:nHKG164817] 
--------------------------------------------------------------- 
End   Evergrande Real     N.A.    N.A.     CS, Goldman    1,500 
2009  Estate Group                        Merrill Lynch 
      [ID:nHKG164817] 
--------------------------------------------------------------- 
*End  China Minsheng      3,320   N.A      UBS, BOCI      2,930 
2009  Banking Corp 
      <600016.SS> 
      [ID:nnSEO13647] 
--------------------------------------------------------------- 
End   Sany Heavy          N.A.    N.A.       HSBC           200 
2009  Equipment Co 
      [ID:nHKG259152] 
--------------------------------------------------------------- 
*End  Trinity             N.A.    N.A.     JP Morgan,       200 
2009  [ID:nHKG129890]                      Citigroup 
--------------------------------------------------------------- 
End   Yingde Gases        N.A.    N.A.      Morgan Staley   300 
2009  [ID:nHKG54140]                         Goldman 
--------------------------------------------------------------- 
2009  China Pacific       N.A.    N.A.        CICC        3,500 
/2010 Insurance (Group)                     CS, UBS 
      Ltd <601601.SS>                       Goldman 
      [ID:nSHA309267] 
--------------------------------------------------------------- 
2009/ Powerlong Group     N.A.    N.A.    UBS, Goldman      230 
2010  [ID:nHKG168099] 
--------------------------------------------------------------- 
2009  Glorious Property   N.A.   N.A.    UBS, JP Morgan   1,000 
/2010 Holdings                            Deutsche Bank 
      [ID:nHKG164817] 
--------------------------------------------------------------- 
Q1    AIA <AIG.N>         N.A.    N.A.    Morgan Stanley  4,000 
2010  [ID:nHKG20632]                      Deutsche Bank  
--------------------------------------------------------------- 
2010  Wilmar              N.A.   N.A. BOCI, Goldman 3,000-4,000 
      International's                 Morgan Stanley 
      <WLIL.SI> 
      China unit 
      [ID:nHKG120371] 
--------------------------------------------------------------- 
     

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ANTA Sports H1 net profit rises 40.1 pct 17 Aug 2009 13:09

  Aug 17 (Reuters) - Six months ended June 30, 2009 
    (in million yuan unless stated) 
    Shr (yuan)               0.2443  vs 0.1744 
    Interim Div (H.K. cents) 12.0    vs 10.0 
    Net                      608.3   vs 434.3 
    Total revenue            2,817.0 vs 2,205.2 
    Company name             ANTA Sports Products Ltd. 
    Books close              September 1-4 
    Dividend payable         September 11 
    NOTE - ANTA Sports <2020.HK> is one of China top home-grown 
sportswear brand and retailer. 
    The calculation of share earnings is based on the weighted 
average of 2,490.06 million shares in issue during the period vs 
2,490.00 million shares the same period a year ago. 

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Tingyi H1 net profit rises 40.57 pct 17 Aug 2009 12:43

    Aug 17 (Reuters) - Six months ended June 30, 2009 
    (in million US$ unless stated) 
    Shr (U.S. cents)          3.21     vs 2.28 
    Interim Div (U.S. cents)  nil      vs nil 
    Net                       179.38   vs 127.61 
    Turnover                  2,501.67 vs 2,049.25 
    Company name              Tingyi (Cayman Islands) Holdings 
                              Corp. 
    NOTE - Tingyi <0322.HK> is an instant noodle maker. 
    The calculation of share earnings is based on the weighted 
average of 5,586.79 million shares in issue during the period vs 
5,588.71 million shares the same period a year ago. 

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Analysis sees oil falling to below US$10

Business Times - 14 Aug 2009

(LONDON) Crude oil may plunge to less than US$10 a barrel in the next decade after surging to a record US$147 last year, said Robert Prechter, who achieved fame for cautioning on Oct 5, 1987, that stocks would crash.

'I expect crude oil prices to fall below US$10 a barrel sometime over the next decade,' Mr Prechter, founder of Elliott Wave International Inc, said in an e-mail on Wednesday. 'It took many years for it to achieve US$147.50, and it will take a long while for the full retreat to occur.'

Oil should fall to between US$4 and US$10 a barrel based on a technical analysis called Elliott Wave principle, Mr Prechter said in the Elliott Wave Theorist report last month. The forecast rests on a 'supercycle' theory, which through a series of five waves from last century suggests a decline from last year's peak.

Crude oil in New York reached a record high of US$147.50 on July 11, 2008 before tumbling to US$33.20 on Jan 15 this year on expectations that the global recession will sap demand for fuels. Oil has since more than doubled to US$70.70 a barrel in New York.

'The Elliott-Wave picture pretty much assures us that there will be no additional waves of advance to extend the 'peak oil' mania,' Mr Prechter said in the report. 'On the contrary, if five waves are complete from the early 1990s, oil should fall to between US$4 and US$10 a barrel, which, needless to say, supports our deflationary outlook.'

Commodities may have peaked last year and the next major top may be in the late 2030s, Mr Prechter said, citing wave and cycle analyst Harry Dent, who showed a 29-year cycle in commodities, with past peaks in 1920, 1951, 1980 and 2008. Two weeks after Mr Prechter warned in 1987 that stocks would crash, the Dow Jones Industrial Average plunged 23 per cent. He advised betting against US equities three months before the market peaked in October 2007. In February 2009, he recommended ending that bet in anticipation of a 'sharp and scary rebound'.

Technical analysis involves making predictions based on price and volume history. The Elliott Wave principle is named after Ralph Nelson Elliott, an accountant who developed the concept in the 1930s, proposing that market prices unfold in specific patterns, which practitioners today call Elliott waves. - Bloomberg

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UPDATE 1-HKEx posts 1st profit rise in 4 quarters 12 Aug 2009 13:30

* HKEx Q2 net HK$1.37 bln vs HK$1.32 bln consensus forecast

* Trading volumes jump 60 percent from first quarter

* Capital raising increases 11-fold from Q1

(Adds comments, share price, details)

By Parvathy Ullatil

HONG KONG, Aug 12 (Reuters) - A stock market rebound helped the world's largest listed exchange operator, Hong Kong Exchanges & Clearing (HKEx) <0388.HK>, end four quarters of shrinking earnings, with trading volume set to continue improving in coming months.

Increased capital-raising and surging fund flows into the region are expected to bolster the exchange's revenues further amid a blazing stock market rally that has sent the benchmark Hang Seng Index <.HSI> up 44 percent so far this year, one of the best performers among major global markets.

"Riding on the bumpy road to recovery, investors are advised to be cautious about potential market volatility," The bourse opeartor warned investors in a statement on Wednesday.

Shares in HKEx, which recently overtook Chicago's CME Group <CME.O> as the world's largest exchange operator by market capitalisation, rose to a 15-month high on Tuesday but were down 2.2 percent by midday Wednesday, in-line with the broad market.

The stock has more than doubled this year, outstripping a 67 percent jump in rival Singapore Exchange's <SGXL.SI> shares as investors bet on a likely deregulation of the Chinese capital markets which is expected to bring more liquidity and trading products into Hong Kong.

Various possibilities including a potential cross-listing of Shenzhen B shares and Hong Kong H-shares, and introduction of China A-share ETF-related derivatives, are being discussed by regulators in both regions, according to media reports.

The bourse operator said in a statement on Wednesday that it would "expand our product and service offerings to position ourselves well for a market recovery".

HKEX reported a net profit of HK$1.37 billion ($200 billion) for the April-June period, compared with HK$1.32 billion a year earlier.

The result beat a consensus forecast of HK$1.32 billion from four analysts polled by Reuters, and marked a 64 percent improvement over the HK$834.24 million profit it reported in the first three months of 2009.

Average daily turnover, the key determinant of exchange revenue, swelled to nearly HK$72 billion in the second quarter, from a dismal HK$45 billion in the first quarter, as confidence in an early turnaround in the Chinese economy took hold and fundraising activity picked up pace.

The IPO pipeline heated up with 11 new listings in the April-June period compared with a seven in the first three months of 2009, while total capital raising rose nearly 11 fold in the second quarter. But the latest figure was still well below the record levels seen in 2006-2007.

HKEx's regional rival Singapore Exchange <SGXL.SI> last week reported a 0.9 percent increase in its June quarter earnings.

HKEx - HKEX	00388
SGX - SGX	S68
NASDAQ - CME GROUP A ORD	CME

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Zijin 1H Result

    Aug 10 (Reuters) - Six months ended June 30, 2009 
    (in million yuan unless stated) 
    Shr (yuan)             0.133    vs 0.128 
    Interim Div (yuan)     nil      vs nil 
    Net                    1,932.69 vs 1,742.40 
    Revenue                9,376.43 vs 8,212.65 
    Company name           Zijin Mining Group Co. Ltd. 
    NOTE - Zijin Mining <2899.HK> <601899.SS> is a leading gold 
mining enterprise principally engaged in the exploration, mining, 
production, refining and sale of gold and other mineral resources 
in China. 
    The figures are prepared in accordance with International 
Financial Reporting Standards (IFRS).

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FACTBOX-The world's biggest casino operators 06 Aug 2009 11:28

 Aug 6 (Reuters) - Following are market shares of some of the 
world's biggest listed casino operators. 
    Company                   Market share           Total debt 
                              Macau     Las Vegas       ($ mln)  
MGM Mirage <MGM.N>             8  pct     40 pct       19,751.5 
Las Vegas Sands <LVS.N>        25 pct     11 pct       12,288.5 
Wynn Resorts <WYNN.O>          14 pct     11 pct        5,491.9 
Melco Crown <MPEL.O>           9  pct      nil          2,313.7 
SJM Holdings <0880.HK>*       31  pct      nil          1,481.8 
Galaxy <0027.HK>*             13  pct      nil          1,468.1 
Genting <GENT.KL>               nil        nil          3,015.0 
 
- Market share as of June 30, 2009 
- Total debt as of March 31, 2009 except SJM Holdings and Galaxy, 
which are as of December 31, 2008 
(Sources: Thomson Reuters data, Bernstein and Credit Suisse 
estimates, Macau Gaming Inspection and Coordination Bureau) 
(Reporting by Julie Goh; Editing by Valerie Lee and Chris Lewis) 
 ((julie.goh@thomsonreuters.com; +603 2333 8036; Reuters 
Messaging: julie.goh.reuters.com@reuters.net)) 

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