Archive for August 27th, 2019

Swick returns to dividends on stronger earnings, further profit growth expected in FY20

27-Aug-2019 Intellasia | | 9:31 AM

Summary: * Drilling Business revenue of $143m and EBITDA of $28.2m, in line with guidance * Group EBITDA of $25.5m, up 47% on FY18 * Group EBIT of $4.6m, up 929% on FY18 * [...]
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Business Briefs 27 Aug 2019

27-Aug-2019 Intellasia | | 9:22 AM

* Refrigeration Electrical Engineering Corporation (REE) has accepted Platinum Victory Pte Ltd’s bid for 31.3 million REE shares, according to information on vietstock. [...]
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Asian shares tumble as US-China trade war renews uncertainty

27-Aug-2019 Intellasia | AP | 6:02 AM

Asian shares tumbled Monday after the latest escalation in the US-China trade war renewed uncertainties about global economies, as well as questions over what President [...]
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Nomura cuts recommendation on HK stocks as protests, trade war escalate

27-Aug-2019 Intellasia | Reuters | 6:02 AM

Japanese brokerage Nomura downgraded its recommendation on Hong Kong stocks on Monday as violent protests and a worsening US-China trade war darkened the outlook for the [...]
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HK stocks slump most in Asia, yuan falls to 11-year low

27-Aug-2019 Intellasia | Bloomberg | 6:02 AM

Hong Kong stocks tumbled the most in Asia and the yuan weakened to an 11-year low amid concern over the intensifying trade war. The Hang Seng Index dropped 3.2 percent at [...]
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HK citizens in good standing free to join MM2H, says ministry sec-gen

27-Aug-2019 Intellasia | Malay Mail | 6:02 AM

Chinese nationals from Hong Kong are welcome to apply for the Malaysia, My Second Home (MM2H) scheme so long as they are not fugitives and are genuinely interested, Datuk [...]
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Political heavyweights say Beijing has right to intervene to resolve crisis in HK

Political heavyweights say Beijing has right to intervene to resolve crisis in HK

27-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

Central government advisers on Hong Kong affairs on Saturday said that Beijing had the right to intervene to resolve the crisis in the city and that mobilising PLA troops to [...]
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HK police officers’ ‘relatives’ hold rally and call for inquiry into snowballing protest crisis

27-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

Demonstrators in masks held a rally in central Hong Kong on Sunday, saying they were family members of police officers who felt unfairly trapped between the government and [...]
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Live ammunition, petrol bombs and water cannons mark violent escalation in HK protests

27-Aug-2019 Intellasia | CNN | 6:02 AM

A Hong Kong police officer fired a live shot into the air as protesters squared off against police armed with water cannons Sunday, in one of the most violent nights seen [...]
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HK’s stock market has always bounced back strongly after big protests in the past. Will it this time?

27-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

Hong Kong is the ultimate comeback town. But ongoing protests are rattling its stock market and its investors. “The fundamentals of Hong Kong companies are really [...]
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After night of clashes, HK braces for fresh rally

27-Aug-2019 Intellasia | AFP | 6:02 AM

Protesters gathered at a sports stadium Sunday as Hong Kong braced for more anti-government rallies, a day after clashes returned to the city’s streets following [...]
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Police deploy water cannons and live ammunition at the latest HK protests

27-Aug-2019 Intellasia | VOX | 6:02 AM

Police used water cannons for the first time, and one fired a warning shot in an escalation of force following a week of mostly peaceful protests. Anti-government protests [...]
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HK police say violent protesters forced use of water cannon, warning shot

27-Aug-2019 Intellasia | AFP | 6:02 AM

Hong Kong police said Monday they were forced to fire water cannon and a warning shot to fend off “extremely violent” demonstrators, following another weekend of [...]
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HK police officer fired warning shot in air because he felt ‘life was threatened’ by protesters attacking him and colleagues with metal pipes

27-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

A Hong Kong police officer fired one warning shot into the air as protesters chased and attacked him and several colleagues with metal pipes during chaotic scenes in Tsuen [...]
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The Latest: HK police confirm warning shot, arrest 36

27-Aug-2019 Intellasia | AP | 6:02 AM

The Latest on Hong Kong protests (all times local): 8:15 a.m. Hong Kong police have confirmed an officer fired a warning shot as protesters surrounded them and said they [...]
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