HONG KONG: BEFORE THE OPEN, 27May2013

Lenovo to enter the US; New twists in HKMEx saga; Timmy Tong loves his high tea; Introducing the iBond; More wobbles in the property market; Here’s what you need to know pre open.

Some H7N9 strains resistant to tamiflu

From The China Post:

The discovery that some H7N9 bird flu virus strains have developed drug resistance will affect the strategies for dealing with future cases, a researcher said Saturday.

Cluck Cluck… HK wholesale poultry volume dives 33%

H7N9 fears has caused prices for wholesale birds to fall 66%, and volumes to decline 33%.

Ming Pao

HONG KONG: WEEK IN REVIEW, 25May2013

Bye Bye Barry; H7N9 deadlier than we thought; Mr Tong bought the booze; Teleportation devices at Galaxy Macau?; Poor little dolphins; Rents fall for first time in years; Who’s right Goldman or Temasek?; Here’s what happened this week.

HKU: H7N9 can ‘combine and mutate’

 

SCMP

HK: Birds from Spain banned

From Want China Times:

The move was made for the protection of Hong Kong’s public and animal health in view of a notification from the World Organization for Animal Health about an outbreak of low- pathogenic H7N1 avian influenza on a poultry farm in Catalonia.

H7N9 damage RMB$1bn per day

From SCMP:

The [poultry] sector has been losing an average of one billion yuan a day since the end of March, the Beijing Times said, citing Li Xirong, head of the National Animal Husbandry Service.

HONG KONG: BEFORE THE OPEN, 16May2013

Tencent brought the goods last night with Q1 earnings, HSBC axing more bankers, Cathay traffic figures continue downward, and Timmy Tong might have some more mates in his jail cell. Here’s what you need to know before the open.

Cathay down in the dumps… Q1 passenger traffic and air cargo down YoY

Passenger traffic fell 2.6% YoY

Air Cargo hauled fell 0.6% YoY

Hong Kong Exchange

The Bird Flu Effect: Yum! China’s same store sales dropped 29%

From Fox Business:

Yum Brands Inc. (YUM), the parent company of Taco Bell, Pizza Hut and KFC, said its sales fell 29% at established restaurants in China last month, as a bird-flu scare hit its already suffering KFC business.