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.

wechat2

Read more of this post

SJM Execs: Top ticked it

touchdown

From Bloomberg:

Two senior executives of SJM Holdings Ltd. (880), Asia’s biggest casino company by revenue, are seeking to raise as much as HK$440 million ($57 million) in a share sale after the stock surged to a record.