Hopewell succeeds in restructuring itself; but Hong Kong firm's move comes at a cost, analysts caution investors
Article Abstract:
Hopewell Holdings Ltd has posted increases in its stock price which declined by eight cents in Nov. Despite the decline, the stock price is still 10% higher than the previous month's rate. The success of the construction company in weathering the crisis brought about by the Asian economic crisis is attributed to its restructuring moves which came at a cost. It sold its power-plant assets to generate cash. It also wrote off HK$4.82 billion for investments in its Tanjung Jati B power plant in Indonesia and a stalled communter-railway project in Bangkok.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Hopewell's appeal to some rises as share price drops
Article Abstract:
Investment analysts' pronouncements that cost overruns worth $949 million at Hopewell Holdings Ltd.'s toll road in southern China have pushed the company's debt-to-equity ratio close to 90% depressed the company's shares in the Hong Kong market. Hopewell and some analysts disputed the pronouncements, with some analysts saying that the project is doing better than expected. Some stockbrokers think that Hopewell's depressed stocks are a good long-term investment.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Red-chip stocks lose some luster: shareholders take long look at terms of deals with China backers
Article Abstract:
Share prices of Hong Kong companies bought by Chinese firms are being discounted heavily, prompting minority investors to drop their investments in these companies. Ryoden Development Ltd, Paul Y-ITC Constructions Holdings Ltd and Nam Fong International Holdings Ltd are among the companies that were affected and dropped their share prices.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Foreign car makers find share of success in Japan. Brave investors seek a Mazda joyride as analysts caution against tailspin
- Abstracts: Bangkok moves to stabilize its foundering finance sector. The Thai Trust Fund scheme persists as premium concern to foreign investors
- Abstracts: Experts say infrastructure stocks offer good returns, but not price stability. Indian stocks' recovery fuels cautious optimism
- Abstracts: In policy reverse, manila moves to stop peso fall. Decline of peso may help boost economy in long run. Vietnam may be taking the wrong path to tigerdom by following the Philippines
- Abstracts: Thais rethink the notions of globalization and progress. Thai reforms fail to excite: but foreign-stake change lifts interest in banks