via Khmer NZ News Media
June 10, 2010
By Hanny Wan
June 11 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
The Hang Seng Index gained 0.1 percent to 19,632.70. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, advanced 0.1 percent to 11,178.17.
Bank of China Ltd. (3988 HK): The bank received approval in principle from Cambodia’s central bank to open a branch in Phnom Penh, Xinhua said, citing Thai Saphear, head of the Cambodian central bank’s governor’s office. The shares were unchanged at HK$3.86.
China Gas Holdings Ltd. (384 HK): The stock was rated “buy” in new coverage by Goldman Sachs Group Inc. analyst Chris Shiu, who said the company was the top pick in China’s gas industry because of its “strong volume growth momentum, favorable customer mix and discounted valuations.” China Gas, the supplier of the fuel to mainland homes and businesses, advanced 1.7 percent to HK$3.64.
Foxconn International Holdings Ltd. (2038 HK): The company said its unit in Beijing, Foxconn Precision Component (Beijing) Co. Ltd., is reviewing the housing practices of other companies to ensure its practices are in line with the government policy and that of the industry. The company made the statement in response to media reports that the subsidiary failed to make contributions to a provincial government housing fund. The stock slid 2.5 percent to HK$5.47.
International Taifeng Holdings Ltd. (873 HK): The company, which manufactures cotton yarns and bedding products, said it sold 280 million shares at HK$2.06 each in an initial public offering, raising net proceeds of HK$445 million. Trading starts today.
--Editor: John McCluskey.
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