Topic: Hang Seng

Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.

Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings, will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months. 

London-based luxury jeweler Graff Diamonds, which kicked off its initial public offering (IPO) roadshow on Monday, is expected to get a weak response from investors due to its “risky” business model and lack of brand awareness in Asia, market experts told CNBC.

High-end jeweler Graff Diamonds is forging ahead with an initial public offering to raise up to $1 billion, setting a price range on Friday for its Hong Kong flotation despite a sell-off in equity markets.

Sun Hung Kai Properties board member Thomas Chan is set to return for bail renewal at Hong Kong's anti-corruption agency on Monday in a widening graft scandal involving one of Asia's richest families.

Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.

Zhengzhou Coal Mining Machinery has enlisted nearly a dozen banks to hunt down investors willing to take stakes in the Chinese business ahead of its $1 billion Hong Kong listing, an example of a worrying trend gripping the world’s biggest market for new listings. The FT reports.

High-end jeweler Graff Diamonds is set to launch its up to $1 billion Hong Kong initial public offering on May 21, sources familiar with the plans said on Sunday.

Shares in Sun Hung Kai Properties fell 1.8 percent after trading resumed on Friday afternoon, following a company announcement that former chairman Walter Kwok had been arrested.

Hong Kong's anti-graft agency is looking into payments totalling more than US$2.5 million to a former top public servant as part of the city's corruption investigation involving two billionaire brothers who run Asia's largest property developer.

Hong Kong property billionaire Thomas Kwok mystified journalists covering one of the city's biggest corruption scandals on Tuesday, driving up to the anti-graft agency's offices, parking briefly outside and then leaving without getting out of his car.

The Kwok brothers attempt to reassure investors at a public appearance this week might not have helped lift SHK Properties' share price, but analysts say further downside is limited and recommend buying the stock.

Raymond Kwok, the billionaire co-chairman of Hong Kong property company Sun Hung Kai Properties, said he and his brother Thomas did nothing wrong, in their first public appearance since being arrested last week on suspicion of corruption.

The arrest of two brothers from one of Hong Kong's most powerful families and a former top government official is a major test for the city's anti-corruption agency, which has scored most of its recent successes in fighting lower level and petty graft.

Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.