News

CITIC Telecom poised to further recover in 2021

BOCI Research revised up its forecast to 2.8% and 3.1% in 2021/22E, respectively.

Stamp duty amendment bill to be introduced to LegCo

If approved, the new stamp duty rate will take effect in August 2021.

Ion Pacific completes $8.7m secondary investment in Singlife

It purchased secondary shares in the company from several existing shareholders.

Cargo throughput at HK ports down 5.3% in 2020

The result for the fourth quarter of 2020 declined by 9.5%

Incentive schemes for travel industry extended until March 2022

Travel agents will also receive a higher funding worth $150,000.

Pinsent Masons launches training platform for freelancers

The company has partnered with performance management platform Bridge.

Standard rate for industrial building redevelopment starts mid-March

The rates range from $20,000-$130,000 per square metre, depending on the region and use.

Residential building in Mid-Levels West sells for $295m

This will be Weave Living’s first acquisition since its rebranding in 2020.

HKMA extends Pre-approved Principal Payment Holiday Scheme

Participating banks have granted over $750b relief in the scheme since January 2021.

CITIC Telecom profit up 2% in 2020

The company’s total dividends per share rose 5% YoY to 21 cents.

Wharf REIC net profits drops 24%

Its occupancy rates in its Hong Kong and Singapore properties remained high due to steady demand.

Pacific Basin Shipping spot rates could take a breather: analyst

Jefferies Hong Kong downgrades the company’s recommendation to 'hold'.

HKU ranks 22nd among world's top universities

HKU also placed the highest out of seven other Hong Kong universities that made it in the list.

Gov't approves land exchange for harbourfront dev't project

The harbourfront project will replace the original plan to construct a 25-storey industrial building.

January retail sales drop 13.6%

Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.