HONG KONG: BEFORE THE OPEN, 20May2013

Timmy Tong quiet as a mouse; Civil servants want inflation linked pay; Better luck next time HKMEx; HKIA traffic healthy; To poison us better; Yanzhou capital raising. Here’s what you need to know.

Hong Kong Mercantile Exchange shuts

From SCMP:

HKMEx chairman Barry Cheung Chun-yuen told the Sunday Morning Post that the decision to surrender the trading licence and not reopen for business tomorrow would have no impact on investors and that client contracts would be honoured.

Zijin Mining Q1 profit falls amid margin compression

Gross profit margin 57.93% down 11.33ppts from 1Q12

Profit was RMB719mm down 33% from 1Q12

Hong Kong Exchange

Dr. Copper: Shanghai copper futures locked LIMIT DOWN 4%

HONG KONG: BEFORE THE OPEN 08Mar2013

 

1. Skyworth Feb13 sales up 10% YoY, LED LCD TV China sales up 62% YoY
2. Hutchison Port corners HK port space with DP World Terminal acquision
3. Glencore raises US$7.5bn to purchase crude from Rosneft
4. Are HK cage homes a breeding ground for next pandemic?
5. First Mover: Cheung Kong cuts prices at Lai Chi Kok housing project
6. Stay indoors… Pollution exceptionally high today