Lenovo Group, the world's No.3 PC brand, reported a near doubling of its first-quarter net profit, beating expectations due to acquisitions and growth in emerging markets in key markets such as China.
Now is not the right time to buy Hong Kong stocks, says one expert, who predicts the benchmark Hang Seng Index will fall below 18,000 in the near future, given global economic uncertainties.
William Fung, Group Managing Director at Li & Fung attributes the company's recent drop in earnings to its recent acquisitions, but is positive about a sales growth in Asia.
With growing uncertainty surrounding Hong Kong's property market, one of the territory's biggest property developers is joining the chorus of voices predicting a drop in real estate prices.
Despite concerns over a property bubble in Hong Kong and government efforts to cool the red-hot sector, two Hong Kong tycoons: Cheung Kong Holding’s Li Ka-Shing and Henderson Land’s Lee Shau kee have been snapping up shares in their own firms.
Asia has been a bright spot in the global employment picture, but a recent survey by recruitment firm Hudson indicates that hiring expectations across the region’s key financial markets are dipping.
Hermes raised its full-year revenue forecast on Tuesday as growing demand for its silk scarves, fashion accessories and leather bags showed no sign of slowing despite a foggy economic outlook.
Luxury retailer Prada’s shares have rallied 17 percent since the company’s initial public offering (IPO) in Hong Kong just over a month ago, outperforming the Hang Seng Index. The stock now trades at a valuation of about 26.5 times current earnings, a significant premium over the industry average of 20 times earnings.
The Mongolian mining industry, which is to benefit from China's huge appetite for resources, is a sector to bet on. One fund manager suggests investing in mining plays that are listed internationally, but have assets in Mongolia.
The world’s biggest gambling nations include plenty of unlikely candidates. Read on to find out the countries with the biggest losers and the boldest gamblers.
New York soon will no longer be the financial capital of the world thanks to a hostile government that has served up a menu of punitive regulations aimed at driving big banks out of the country, says analyst Dick Bove.
The recent slew of credit tightening measures and higher downpayment requirements for home buyers in China have begun to slow the country's red hot property market and that could lead to more small- and mid-cap Chinese property developers being taken private, presenting an opportunity for investors, according to Daiwa Capital Markets.
Italian fashion house Prada posted small gains on its trading debut in Hong Kong on Friday, and one analyst says he wouldn’t buy its shares right now because the retailer simply doesn’t have the same level of recognition in China as other luxury brands.
Samsonite shares dropped as much as 10 percent on their debut in the Hong Kong on Thursday as investor appetite for new listings waned. But CEO Timothy Parker said he believed the territory is a great market, and hoped to be able to pay dividends to the company's new shareholders.
When luggage maker Samsonite makes its trading debut in Hong Kong on Thursday, it will be joining an elite but overcrowded list.
Initial public offerings have underperformed the market since the credit crisis began, so are they still the best way for businesses to raise money?
In Hong Kong, the government has finally jump-started a cultural development project that has been plagued with red tape for years. The NYT reports.
Hong Kongers are Asia Pacific’s most hardworking people, with 77 percent glued to work outside of office hours, compared with a regional average of 66 percent, according to recruitment firm Robert Half.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
Hong Kong stocks have seen a steep slide in the last month, shedding nearly 6 percent, with a record amount of short-selling. according to one strategist. But he thinks this could actually be a positive sign.