Hong Kong’s Ties To China’s Once Far-Off Spots Are Increasingly Paying Off
- Friday, March 18, 2011, 8:00
- Market
- Add a comment
New World Development, the conglomerate controlled by Hong Kong billionaire Cheng Yu-tung, posted only modest mid-year profit yesterday. Net profit actually fell by almost a quarter from a year earlier for the six months to Dec. 31. The company’s shares, though rising by 3.2% today, are trading at a paltry price to earnings ratio of five, according to Bloomberg figures.
http://blogs.forbes.com/russellflannery/?p=1006
About the Author
admin123 has written 23402 stories on this site.
