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Nikkei Markets

UPDATE: HONG KONG STOCKS TO WATCH: Tencent, Champion REIT Likely In Focus On Thursday

By Hong Kong Newsroom
Nikkei Markets
Adds more stocks
HONG KONG (Feb 15) -- Here are the stocks to watch on Thursday:

*Tencent Holdings: unit invests KRW50 billion in South Korea's KaKao Games.

*Sands China: provisional 2017 net profit up 31% on-year at $1.6 billion (HK$12.53 billion), net revenue rises 16% to $7.71 billion. Sets 2017 dividend at HK$1.99 a share.

*Champion Real Estate Investment Trust: willing to pursue acquisition deals as large as HK$20 billion, its chief executive said. 2017 distributable income up 5.6% to HK$1.49 billion.

*Zall Group: expects net profit to increase 5% to 30% in 2017 on higher revenue.

*Lifestyle International Holdings: expects net profit to more than double in 2017.

*Shunfeng International Clean Energy: expects 2017 net loss of CNY830 million as compared to net loss of CNY2.4 billion year ago.

*Macau Legend Development: expects net loss to widen in 2017.

*Sunac China Holdings: clarifies company's CNY15.04 billion investment in Leshi Internet, Leshi Zhixin and Leshi Pictures, announced in Aug. 31, will not be withdrawn or terminated.

*Wah Sun Handbags International Holdings: Global coordinator of IPO partially exercises over-allotment option for 8.63 million shares, or 8.63% of global offer, at offer price of HK$1.18 per share.

*China Financial International Investments: unit enters agreement to buy certain equity interest in an unnamed transportation-and-logistics group.

*Kaisa Group: January total contracted sales up about 3.8% on-year at CNY2.97 billion.

*Sichuan Expressway Company: toll income up 29.8% on year to CNY363.58 million in January.

*Solomon Systech (International): expects net loss to widen in 2017.

*SinoMedia Holding: expects 2017 net profit to be CNY80 million to CNY100 million as compared to net loss of CNY27 million year ago.

*Champion Technology: expects to record a substantial loss for six months ended Dec. 31.

*Kantone Holdings: expects to report a substantial loss for six months ended Dec. 31.

*China Financial International: expects profit of about HK$31 million for six months ended Dec. 31, as compared to a loss in the year ago period.
- By Hong Kong Newsroom; hkeditorial@nikkeinewsrise.com; +852 3960 5102
- Edited by Lopamudra Bhattacharya and V. Phani Kumar
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte Ltd.

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