29 AUGUST 2011 M Maarrkkeett FFooccu uss Wall Street fell and rebounded to close higher last Friday. The market was initially disappointed with a 2Q US GDP that fell slightly short of expectations and the fact that Fed Chairman Ben Bernanke made no reference to introducing additional measures to boost economic growth in his speech. However, the market did later react more positively to his indication that more options to sustain a loose monetary policy would be explored in the Fed’s FOMC meeting in September, spurring new hope on more stimulus measures to come next month. The Dow lost over 220 points at one stage but finished up 134.72 points or 1.21% at 11,284.54. The S&P500 closed at 1,176.80, up 17.53 points or 1.51%. The NASDAQ ended at 2,479.85, up 60.22 points or 2.49%. Over the week, the Dow gained 466.89 points or 4.32% in total, while the S&P500 advanced 53.27 points or 4.74% and the NASDAQ cumulated 138.01 points or 5.89%. October NYMEX light crude oil closed at US$85.37 a barrel, up US$0.07 or 0.08% from last Thursday and gained US$2.96 or 3.59% over the week. December COMEX gold settled at US$1,797.30 an ounce, up US$34.10 or 1.93% overnight but down US$54.90 or 2.96% over the week. The HK bourse was cautious and lacked direction last Friday before the Bernanke speech. The HS Index opened 19 points lower at 19,734 and bounced to a day high of 19,919.92 before falling back after finding no support at this level. The benchmark index extended its losses in the afternoon to 203 points and dropped to a day low of 19,549.53 before closing at 19,582.88, down 169.60 points or 0.86% for the day, with a turnover of HK$58.71bn, down 9.7% from Thursday and a month low. The HSCE Index closed at 10,299.58, down 130.81 points or 1.25%. August index futures dropped 254 points to 19,529, 54 points below spot, with 105,419 contracts traded. Over the week, the HS Index still gained 182.96 points or 0.94%, while the HSCCE Index advanced 22.2 points or 0.22%, with an average daily turnover of HK$72.38bn. The mainland stock market also opened lower last Friday and trended lower before narrowing loss in the afternoon. The Shanghai Composite Index closed at 2,612.19, down 3.07 points or 0.12%. Over the week, the Shanghai index still gained 77.83 points or 3.07% and bucked a 5-week downtrend. The HK bourse would open higher today on the back of the strengths of Wall Street and HK blue-chip ADRs last Friday although the upside would be constrained. Investors are likely to remain cautious since it remains unknown what the Fed would do after the FOMC meeting next month while the Euro-debt situation is still uncertain. At this juncture, the HS Index would probably continue to hover between 19,000 and 20,500 for a while. N Neew wss C Coom mm meen nttss Interim profit of China Pacific Insurance (CPIC) (2601) up 45% YoY – CPIC reported 1H11 net profit up 45% YoY at RMB5.81bn, at the upper end of market expectations. Gross written premium rose 14.2% YoY to RMB86.87bn. Overall market share rose 0.9ppt YoY to 10.8%. Net profit of the life insurance division rose 28.5% YoY to RMB2.79bn, while that of the P&C insurance division surged 54.0% YoY to RMB2.34bn. Combined ratio of the P&C insurance business was 91.1%, down 3.4ppt. CPIC also posted net investment income of RMB10.76bn, up 20% YoY. Net investment yield was 4.4%, up 0.2ppt YoY. Capital position was strong, with capital adequacy ratio after solvency margin standing at 298%, although down 59ppt HoH. CPIC saw YoY growth in new business value of nearly 20%, better than all of its HK-listed peers. Going forward, the P&C business should contribute more to the insurer's overall profitability. CPIC, being a smaller and well-run insurer with meaningful contribution from both life and P&C insurance, should have more room for growth potential going forward as given its business is still in a high-growth phase. Interim results of Greentown (3900) jumped 1.69 times – Net profit of Greentown China surged 1.69 times YoY to RMB892m in 1H11. EPS was RMB0.54. The board declared an interim DPS of RMB0.1, same as last year. During the period, turnover rose 1.9 times YoY to RMB11.2bn, though gross margin declined from 37.8% to 33.8%. At the end of June, Greentown’s total land reserve was over 40m sqm while attributable land reserve stood at 25.33m sqm. Contracted but unrecognized sales were RMB57.8bn and will be booked in the next two years. Although Greentown’s earnings growth was strong, its net gearing ratio went further up from 187% to 243%. Investors should avoid highly leveraged developers since the tight policy environment for the housing market is likely to persist. Interim profit of Datang Power (0991) edged up 2% – Net profit rose 2.2% YoY to RMB932bn while EPS dropped 1.3% to RMB0.0747 with no interim dividend announced. Operating income within the period grew 15.1% to RMB33.3bn while operating cost increased 15.3% to RMB28.9bn, of which finance cost increased 29% to RMB3.3bn due to increased interest expenses. Although economic development has overall stimulated demand for electricity, it has also at the same time driven up coal price, which will continue to put pressure on the profits of power generators. Interim net profit of Ausnutria Dairy (1717) dropped 8% – Due to its reforming on distribution network, Ausnutria Dairy reported that its sales revenue fell 25.6% YoY to RMB219m in 1H11, while net profit decreased 8.2% to RMB54.7m. EPS was RMB0.054 and no dividend was declared. In addition, Ausnutria has completed the first stage of its investment in Hyproca Dairy Group with ~19.44% of the latter’s shares acquired and is in the process of taking a further 31.56% stake. The distribution network reform is expected to facilitate the Ausnutria's marketing activities more effectively in the long run and should help its prospects. VOLUME FILTER Stock Code 773 555 3393 1238 903 368 82 1168 54 1099 Company China Metal Recycling REXLot Wasion Group Powerlong Real Estate TPV Technology Sinotrans Shipping VODone Sinolink Worldwide Hopewell Holdings Sinopharm Group Price HK$ 8.47 0.44 3.04 1.84 3.24 1.82 1.05 0.65 23.60 18.72 Change HK$ % 0.11 +1.3 -0.04 -7.4 0.10 +3.4 -0.06 -3.2 -0.05 -1.5 0.09 +5.2 -0.11 -9.5 -0.02 -3.0 0.55 +2.4 -0.68 -3.5 SALES Volume Change M shares % 22.9 678.3 153.1 474.5 8.7 433.7 4.4 428.4 5.4 306.2 7.7 254.2 55.0 239.5 3.8 234.1 1.5 197.2 15.7 194.5 The Volume Filter is a tool to spot stocks where there is an increase in trading activity, which may not always be apparent by a change in the share price. The last column in the table shows the percentage change in volume on the last trading day, relative to the average for that stock over the preceding month. The table shows the top 10 gainers by volume change, drawn from the members of Hang Seng Composite Index. Source: Bloomberg Important: please refer to our disclosures and disclaimers at the end of this report. Hong Kong Tony NG Vincent WONG Carina CHIU (852) 3102 1088 (852) 3196 6148 (852) 3102 1078 London Peter WONG (44) (0) 20 7491 9226 (44) (0) 7767 264 138 Johnny WONG (44) (0) 20 7491 9226 Liu ZHANG (44) (0) 20 7491 9226 Analyst : Research Team : (852) 2820 6333 : research@sctrade.com South China Group 29 AUGUST 2011 MAJOR MARKET INDICES Closing HSI FUTURES —— Last day —— Change % change Consensus PER X HK & CHINA Hang Seng Index Hang Seng China Ent Index Shanghai SE Composite Index Shenzhen SE Composite Index CSI 300 Index 19,582.88 10,299.58 2,612.19 1,169.95 2,901.22 -169.60 -130.81 -3.07 +3.16 -2.62 -0.9 -1.3 -0.1 +0.3 -0.1 10.4 8.4 12.0 21.6 13.3 USA Dow Jones Indus. Avg S&P 500 Index NASDAQ Composite Index CBOE SPX Volatility Index 11,284.54 1,176.80 2,479.85 35.59 +134.72 +17.53 +60.22 -4.17 +1.2 +1.5 +2.5 -10.5 11.4 11.9 14.9 Gold 100 OZ Future Dec11 WTI Crude Future Oct11 Dollar Index Spot 1,797.30 85.37 73.71 +34.10 +0.07 -0.53 +1.9 +0.1 -0.7 EUROPE FTSE 100 Index CAC 40 Index DAX Index 5,129.92 3,087.64 5,537.48 -1.18 -31.36 -46.66 -0.0 -1.0 -0.8 9.2 8.3 8.4 8,797.78 2,748.18 1,778.95 +25.42 -17.56 +14.37 +1.8 -0.6 +0.8 14.5 12.7 9.0 ASIA PACIFIC Nikkei 225 Straits Times Index KOSPI Index Source: Bloomberg Closing Change Premium/discount to spot Volume Open Interest High Low HSI – Market Total Gross 140,234 198,084 248,100 ----------586,418 Net 52,491 161,940 202,789 ----------417,220 Net Change -80 2,773 1,372 ---------4,065 Sep 2011 19,427 -258 -156 44,096 73,825 19,828 19,414 -3.70 -3.85 -116.20 -121.13 Fair value HSI Ex-dividend HSCEI FUTURES Closing Change Premium/discount to spot Volume Open Interest High Low Aug 2011 10,318 -132 +18 103,320 63,562 10,612 10,273 Sep 2011 10,292 -135 -8 62,474 87,051 10,587 10,248 0.08 0.00 -32.87 -35.47 Fair value HSCEI Ex-dividend HANG SENG FUTURES & OPTIONS 26 August 2011 HSI – Futures HSI – Call Options HSI – Put Options Aug 2011 19,529 -254 -54 105,419 61,504 19,932 19,516 HANG SENG INDEX T/O 149,755 16,180 21,518 ----------187,453 Deal 64,638 5,357 6,592 ---------76,587 26,000 25,000 24,000 23,000 22,000 21,000 20,000 19,000 18,000 20 M A V 50 M A V A ug Oct Dec Feb A pr Jun A ug Gross:Either the total number of long or the total number of short positions in a contract held by all participants in the market Net: Either the total number of net long or the total number of net short position in a contract held by all market participants. it is calculated by netting the long and short positions in a particular contract held in all its accounts by each participant and then sum all net long or net short across all participants in the market. T/O: The number of contracts traded in the market Deal: The number of matched orders in the market Source: HKEx EXCHANGE RATE Currency USD to HKD RMB to HKD HKD to Japnese Yen USD to AUD EUR to USD Last Price 7.7975 1.2208 9.8680 0.9526 1.4437 DOLLAR INDEX SPOT ––––––– Change ––––––– 1 day 1 week 1 month 0.0013 -0.0026 0.0078 0.0007 0.0013 0.0118 -0.0360 0.0630 -0.1520 -0.0030 -0.0105 0.0392 -0.0008 0.0118 -0.0041 84 20 M A V 82 80 78 76 74 72 70 A ug Oct Dec Feb A pr Jun A ug HK STOCKS’ ADR LAST CLOSING (MOST ACTIVE) Stock Company Closing (HK$) code HKEx ADR 857 PetroChina 9.17 9.38 1088 China Shenhua Energy 33.85 34.58 2628 China Life Insurance 19.18 19.57 762 China Unicom 15.18 15.47 883 CNOOC 14.40 14.64 700 Tencent 175.40 177.86 13 Hutchison Whampoa 71.05 72.01 386 Sinopec 7.02 7.11 941 China Mobile 77.80 78.52 1 Cheung Kong 103.60 104.49 Source: Bloomberg Rel to HK closing HK$ % 0.21 +2.27 0.73 +2.16 0.39 +2.04 0.29 +1.91 0.24 +1.67 2.46 +1.40 0.96 +1.35 0.09 +1.29 0.72 +0.93 0.89 +0.86 Stock code 2388 939 1398 16 2600 2318 11 5 66 3988 2 Company BOC HK CCB ICBC SHK Properties Chalco Ping An Insurance Hang Seng Bank HSBC Holdings MTR Corp Bank of China Closing (HK$) HKEx ADR 20.70 20.86 5.29 5.32 4.92 4.94 104.50 104.80 5.26 5.26 60.50 60.39 110.30 110.02 65.05 64.66 25.70 25.26 3.02 2.96 Rel to HK closing HK$ % 0.16 +0.76 0.03 +0.60 0.02 +0.48 0.30 +0.29 0.00 -0.09 -0.11 -0.19 -0.28 -0.25 -0.39 -0.60 -0.44 -1.70 -0.06 -1.99 South China Group 29 AUGUST 2011 RECENT NEW LISTED STOCKS PERFORMANCE AND UPCOMING IPO Stock code Company Share Listing price date HK$ First day IPO to date Price Change HK$ % Mkt Cap HKSm Sponsor CIMB HSBC/UBS/Citi Investec Kingsway Haitong CCBI/CIMB Business UPCOMING IPO RECENT NEW LISTED STOCKS 8112 Focus Media Network* 6808 Sun Art Retail 1127 1010 Printing 1663 Sino Harbour Property 6838 Winox 1259 Prince Frog Int’l 07/28/2011 07/27/2011 07/25/2011 07/22/2011 07/20/2011 07/15/2011 0.78 9.37 0.53 0.99 1.68 2.21 0.72 7.20 0.70 1.10 1.87 2.60 +8.3 +30.1 -24.3 -10.0 -10.2 -15.0 256 87,779 265 1,188 840 2,228 8160 3777 2123 2098 1165 Legend Strategy Int’l* China Fiber Optic Network Golden Shield Zall Development Shunfeng Photovoltaic Int’l 07/15/2011 07/14/2011 07/14/2011 07/13/2011 07/13/2011 1.27 0.86 0.61 3.17 0.62 1.20 1.20 0.70 2.89 1.11 +5.8 -28.3 -12.9 +9.7 -44.1 229 1,047 575 11,095 967 6828 China Print Power 07/12/2011 0.87 1.48 -41.2 39 1151 8179 1231 1082 1115 1241 Elec & Eltek* Gayety* Newton Resources Morden Education Tibet 5100 Water Resources Shuanghu 07/08/2011 22.50 07/08/2011 2.34 07/04/2011 1.29 07/04/2011 1.00 06/30/2011 3.23 06/30/2011 0.95 – – 1.00 +134.0 1.75 -26.3 1.30 -23.1 3.00 +7.7 1.16 -18.1 4,220 749 5,160 400 8,298 618 847 1488 1913 Kazakhmys* Lee & Man Handbags* Prada 06/29/2011122.60 06/27/2011 0.69 06/24/2011 35.20 – – 39.50 – – -10.9 65,620 569 90,071 1145 871 1910 958 935 3363 2282 2083 8193 805 1150 Courage Marine* Xiangyu Dredging Samsonite Int’l Huaneng Renewables - H Dragon Crown Zhengye Int'l MGM China China Flooring Great China Professional* Glencore Int’l Milan Station 06/24/2011 0.63 06/20/2011 2.53 06/16/2011 13.38 06/10/2011 1.99 06/10/2011 0.80 06/03/2011 0.79 06/03/2011 13.52 05/26/2011 2.30 05/31/2011 0.35 05/25/2011 47.50 05/23/2011 1.70 – 3.19 14.50 2.50 1.10 1.43 15.34 2.95 0.72 66.53 1.67 – -20.7 -7.7 -20.4 -27.3 -44.8 -11.9 -22.0 -51.4 -28.6 +1.8 667 2,024 18,827 16,841 888 395 51,376 3,469 175 328,829 1,146 2607 2299 2789 8132 87001 1623 1011 1181 6488 3360 3688 1378 1380 8098 1121 8087 1143 8265 1323 2011 1089 Shanghai Pharmaceuticals - H 05/20/2011 16.32 Billion Industrial 05/18/2011 5.49 Yuanda China 05/17/2011 1.06 Fairon* 05/18/2011 0.24 Hui Xian REIT# 04/29/2011 4.02 Hilong 04/21/2011 1.68 China NT Pharma Group 04/20/2011 1.40 Tang Palace 04/19/2011 1.58 SBI 04/14/2011 65.55 FE Horizon 03/30/2011 6.50 Top Spring 03/23/2011 3.88 China Hongqiao 03/24/2011 5.75 China Kingstone Mining 03/18/2011 1.30 CL Group* 03/08/2011 0.43 Baofeng Modern 01/28/2011 1.14 China 33 Media* 02/28/2011 1.00 Telefield Int'l 01/27/2011 0.61 Powerwell Pacific* 01/26/2011 0.89 Newtree Group 01/13/2011 0.58 KEE Holdings 01/12/2011 0.88 Sumpo Food 01/11/2011 0.40 23.00 5.18 1.50 0.30 5.24 2.60 4.54 1.65 80.23 6.29 6.23 7.20 2.25 0.49 2.00 1.80 1.20 0.80 1.95 1.33 0.68 -29.0 +6.0 -29.3 -20.0 -23.3 -35.4 -69.2 -4.2 -18.3 +3.3 -37.7 -20.1 -42.2 -11.3 -43.0 -44.4 -49.2 +11.3 -70.3 -33.8 -41.9 49,406 12,622 6,581 132 20,100 2,688 1,515 656 14,668 18,476 3,882 33,839 2,600 430 1,140 603 251 134 387 365 656 Digital OOH media company Hypermarket operator Provision of printing services Property developer Stainless steel products manufacturer Design and provide of children care products under the brand – Frog Prince Quam Operator & consultant of budget hip hotels BOCI Fiber optic patch cords manufacturer Guotai Junan Sales of cotton yarn and grey fabric BNP/BOCOMI Wholesale shopping malls developer Macquarie High-performance solar cells and related solar products manufacturer Yuanta/VC Capital Printing of books and manufacturing of specialised products Standard Chartered PCBs and PCB materials manufacturer Quam Chinese restaurant group Citi/Macquarie/Rothschild Operate the iron ore mine Kingsway/First Shanghai Tutoring services provider JP/CCBI/ICBC/CITICS Produce and sales bottled mineral water Piper Jaffary Automotive heating, ventilation & cooling components supplier CICC/Citi/JP Integrated copper producer CIMB Manufacture and sale of handbags CLSA/GS Design, manufacturing and sell fashion and luxury goods Haitong Provide vessel chartering services Morgan Stanley Dredging company Goldman Sachs Travel luggage company MS/CICC/GS/ Macquarie Pure-play renewable energy China Everbright Integrated terminal service provider CMBI Paper-based packaging products manufacture JP/MS/BofA Casino gaming resort developers MS/HSBC/SC Sales of branded wood flooring products Grand Vinco/ Emperor Asset advisory services Citi/MS Integrated producer & marketer of commodities CMS Retail of unused and second-hand luxury branded handbags and apparel products GS/CICC/DB/CS Integrated pharmaceutical company Merrill Lynch/ CCBI Polyester filament yarns manufacturer Deutsche Bank/ JP Curtain walls manufacture Partners Capital Manufacture and sale of power and data cords CITICS/HSBC/BOCI REITS Morgan Stanley Integrated oilfield equipment & service provider UBS Vaccine distributors in China ICBC Int'l Restaurant chain group in China Daiwa Internet-based financial group based in Japan CICC/MS/UBS Financial services company Macquarie Property development JP Morgan Manufacturing of aluminum products Citi Marble mining company VC Capital Securities and financial company China Merchants Bank Slippers Supplier Daiwa Distributes printed media & audio programmes China Merchants EMS provider CIMB/ Access Capital Sourcing & procurement solutions provider CCB Int'l Hygienic disposables products manufacturer Shenyin Wanguo Finished zippers producer Kingston Chicken meat products supplier *Listing by placing or introduction #in RMB Sources::Bloomberg, Prospectus, South China Research 3 South China Group 29 AUGUST 2011 TOP 10 GAINERS Stock code 8397 8233 922 8108 8186 8396 8043 8165 1883 682 Company Unlimited Creativity CIG Yangtze Ports China Boon FAVA Int’l China Asean Resources Hong Kong Life ERA Mining Machinery Jian ePayment System Citic Telecom Int’l Chaoda Modern Agriculture TOP 10 LAGGARDS Closing 0.380 0.159 0.230 0.068 0.370 0.445 0.400 0.152 1.700 2.560 % chg +117.1 +26.2 +17.9 +17.2 +15.6 +15.6 +14.3 +14.3 +11.1 +10.8 Stock code 132 149 1227 8171 206 8227 1116 2320 260 8321 Company Closing China Investments 0.162 China Agri-Products Exchange 0.255 National Investments Fund 0.065 China Trends 0.014 TSC Group 1.120 Xi'an Haitian Antenna Technoloy 0.210 Mayer 0.170 Hop Fung Group 0.520 Sino Gas 0.202 China Automotive Interior 0.315 % chg -18.6 -17.7 -13.3 -12.5 -11.8 -11.8 -10.5 -10.3 -10.2 -10.0 Source: Bloomberg MOST ACTIVE HK STOCKS (BY TURNOVER VALUE) Stock code 1398 939 2318 941 3988 2628 857 5 762 914 1299 883 1288 1088 13 1171 386 2388 388 3800 Company Price HK$ 4.92 5.29 60.50 77.80 3.02 19.18 9.17 65.05 15.18 29.75 25.40 14.40 3.75 33.85 71.05 19.78 7.02 20.70 141.70 3.23 ICBC China Construction Bank Ping An Insurance China Mobile Bank of China China Life Insurance PetroChina HSBC Holdings China Unicom Anhui Conch Cement AIA Group CNOOC Agricultural Bank of China China Shenhua Energy Hutchison Whampoa Yanzhou Coal Mining Sinopec BOC Hong Kong HKEx GCL-Poly Energy 1 day % Chg +1.4 +0.0 -3.4 -1.1 -0.3 -1.7 -3.6 -1.3 -1.3 -4.3 -1.7 -1.6 -2.1 +1.5 -2.5 -4.2 -1.8 +0.2 -0.6 -6.9 1 mth % Chg -18.1 -16.8 -22.0 -0.4 -17.0 -27.8 -18.8 -16.5 -0.4 -23.3 -8.5 -17.2 -10.3 -15.2 -20.0 -34.7 -10.0 -11.5 -12.3 -29.3 YTD % Chg -15.0 -24.1 -30.4 +0.8 -26.3 -39.6 -9.7 -18.4 +36.5 +22.4 +16.2 -21.9 -3.8 +3.8 -11.2 -16.7 -5.6 -21.7 -19.6 +12.9 Consensus PER X 6.9 6.5 17.3 10.3 5.7 14.4 9.0 8.7 49.9 9.8 16.0 7.6 7.8 12.1 15.8 7.9 6.8 11.4 27.7 7.0 Rel to HSI 1M % -5.6 -4.1 -10.1 14.8 -4.4 -16.7 -6.5 -3.8 14.8 -11.6 5.5 -4.6 3.4 -2.2 -7.8 -24.8 3.7 2.0 1.1 -18.5 Turnover HK$m 3,290.5 1,998.9 1,483.0 1,237.7 1,113.6 960.1 895.9 858.2 799.9 724.4 723.7 719.4 709.3 675.2 660.1 635.3 606.7 567.7 509.8 460.5 Source: Bloomberg BOND/CURRENCIES & COMMODITIES Exchange WTI Crude Oil Futures Gold 100 OZ Futures Silver Futures Copper Futures Platinum Futures USA 10 Yr Note Futures USA Long Bond Corn Futures Wheat Futures Soybean Futures Australia Dollar New Zealand Dollar Canadian Dollar Pounds Euro Yen NYMEX NYMEX NYMEX NYMEX NYMEX CBOT CBOT CBOT CBOT CBOT CME CME CME CME CME CME Month Oct Dec Sep Sep Oct Sep Sep Sep Sep Nov Sep Sep Sep Sep Sep Sep 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 Last Close US$ 85.37 1,797.30 40.95 409.90 1,826.90 130.28 138.16 752.50 762.25 1,423.50 1.0529 0.8366 1.0146 1.6332 1.4480 130.41 +/US$ 0.07 34.10 0.21 2.00 4.50 0.30 0.59 20.25 5.00 30.75 0.0129 0.0094 0.0030 0.0052 0.0116 1.45 Change % 0.08 1.93 0.51 0.49 0.25 0.23 0.43 2.77 0.66 2.21 1.24 1.14 0.30 0.32 0.81 1.12 Volume Last Highest US$ 268,640.0 85.64 249,265.0 1,832.50 72,567.0 41.73 41,530.0 412.60 4,104.0 1,836.80 1,927,101.0 130.81 522,005.0 139.00 110,239.0 755.50 24,918.0 768.50 135,921.0 1,426.00 127,153.0 1.0564 5,534.0 0.8403 100,210.0 1.0189 93,188.0 1.6378 349,475.0 1.4500 116,154.0 130.75 Last Lowest US$ 82.95 1,759.50 40.12 404.55 1,809.20 129.78 137.03 729.25 747.50 1,386.25 1.0390 0.8274 1.0070 1.6204 1.4324 129.11 14 day RSI 42.1 59.8 53.9 48.6 54.0 65.1 62.8 68.8 64.0 68.9 52.6 52.3 43.6 49.9 58.1 58.9 Source: Bloomberg 4 South China Group 29 AUGUST 2011 H SHARES DISCOUNT TO A SHARES (H shares) Stock Code 921 1033 42 300 553 187 719 1065 338 1108 2208 1053 350 317 1071 991 874 588 2866 2600 2727 1919 358 1211 670 1171 1055 107 1618 390 2883 753 902 525 1138 548 1186 2338 1766 323 998 857 386 995 1898 3988 347 2607 763 1072 1988 1157 3328 939 2628 1398 168 177 1088 3968 914 2601 1288 2318 Company H share’s closing HK$ Hisense Kelon Electrical 1.890 Sinopec Yizheng Chemical Fibre 2.160 Northeast Electric 1.080 Shenji Group Kunming Machine 2.540 Nanjing Panda Electronics 1.890 Beiren Printing Machinery 2.190 Shandong Xinhua Pharmaceutical 2.170 Tianjin Capital Environmental 2.060 Sinopec Shanghai Petrochemical 2.840 Luoyang Glass 2.170 Xinjiang Goldwind S&T 4.550 Chongqing Iron & Steel 1.390 Jingwei Textile Machinery 4.970 Guangzhou Shipyard Int'l 7.140 Huadian Power Int'l 1.230 Datang International Power 2.070 Guangzhou Pharmaceutical 6.380 Beijing North Star 1.670 China Shipping Container Lines 1.750 Aluminum Corp of China 5.260 Shanghai Electric Group 3.490 China COSCO 4.140 Jiangxi Copper 19.880 BYD Co 15.980 China Eastern Airlines 3.600 Yanzhou Coal Mining 19.780 China Southern Airlines 5.290 Sichuan Expressway 3.230 Metallurgical Corp of China 2.130 China Railway 2.210 China Oilfield Services 10.900 Air China 7.410 Huaneng Power Int'l 3.550 Guangshen Railway 2.740 China Shipping Development 5.740 Shenzhen Expressway 3.400 China Railway Construction 3.870 Weichai Power 33.800 CSR Corp 4.480 Maanshan Iron & Steel 2.680 China CITIC Bank 4.070 PetroChina 9.170 Sinopec 7.020 Anhui Expressway 4.620 China Coal Energy 10.000 Bank of China 3.020 Angang Steel 5.880 Shanghai Pharmaceuticals 16.320 ZTE Corp 19.880 Dongfang Electric 25.600 China Minsheng Banking 6.660 Changsha Zoomlion Heavy Industrials 12.020 Bank of Communications 5.610 China Construction Bank 5.290 China Life Insurance 19.180 ICBC 4.920 Tsingtao Brewery 43.750 Jiangsu Expressway 6.770 China Shenhua Energy 33.850 China Merchants Bank 15.620 Anhui Conch Cement 29.750 China Pacific Insurance 28.150 Agricultural Bank of China 3.750 Ping An Insurance 60.500 YTD Chg % -63.3 -45.5 -25.0 -48.1 -13.3 -22.1 -34.2 -28.0 -29.5 -0.9 -71.7 -31.2 16.1 -46.2 -19.1 -24.2 -50.4 -20.9 -49.1 -25.8 -32.0 -49.8 -22.2 -60.9 -8.6 -16.7 11.1 -35.4 -37.9 -60.6 -35.3 -15.1 -13.6 -10.5 -44.6 -26.2 -58.7 -29.4 -56.2 -35.3 -16.4 -9.7 -5.6 -32.3 -17.6 -26.3 -50.6 – -22.8 -33.5 0.2 -11.0 -21.2 -24.1 -39.6 -15.0 7.5 -23.9 3.8 -20.4 22.4 -12.8 -3.8 -30.4 (A shares) Stock Code 600876 600871 000585 600806 600775 600860 000756 600874 600688 000921 002202 601005 000666 600685 600027 601991 600332 601588 601866 601600 601727 601919 600362 002594 600115 600188 600029 601107 601618 601390 601808 601111 600011 601333 600026 600548 601186 000338 601766 600808 601998 601857 600028 600012 601898 601988 000898 601607 000063 600875 600016 000157 601328 601939 601628 601398 600600 600377 601088 600036 600585 601601 601288 601318 *A shares prices have been converted to HK$ for caculation H shares discount to A shares’ table will be published at the first trading day once per week. Source: Bloomberg 5 A share’s closing RMB 10.130 8.770 4.110 9.610 6.870 7.240 7.130 6.250 7.720 5.870 12.190 3.680 12.990 18.640 3.060 5.010 15.310 3.260 3.220 9.370 6.070 7.130 33.330 26.080 5.670 30.850 8.100 4.890 3.220 3.230 14.970 9.540 4.570 3.520 7.360 4.290 4.790 41.420 5.260 3.100 4.630 10.040 7.340 4.830 10.080 3.000 5.730 15.720 18.930 24.360 6.090 10.800 4.840 4.560 16.240 4.160 36.200 5.540 26.840 12.120 22.540 21.010 2.620 42.010 H discount to *A shares % -84.7 -79.8 -78.5 -78.4 -77.5 -75.2 -75.1 -73.0 -69.9 -69.7 -69.4 -69.1 -68.7 -68.6 -67.1 -66.2 -65.9 -58.0 -55.5 -54.0 -52.9 -52.4 -51.1 -49.8 -48.0 -47.5 -46.5 -45.9 -45.8 -44.0 -40.4 -36.4 -36.4 -36.2 -36.1 -35.1 -33.8 -33.2 -30.2 -29.2 -28.0 -25.2 -21.7 -21.7 -18.7 -17.5 -15.9 -15.0 -14.0 -13.9 -10.4 -8.8 -5.1 -5.0 -3.3 -3.1 -1.0 +0.1 +3.3 +5.6 +8.1 +9.7 +17.2 +18.0 South China Group 29 AUGUST 2011 FEATURED SECTORS Stockde Company Closing HK$ 6mth avg daily T/O HK$m 1 Day % chg 1 mth % chg China Properties 754 Hopson Development 6.11 19.8 +3.4 -15.4 2007 Country Garden 3.32 59.7 +1.2 -15.3 3333 Evergrande Real Estate 4.52 491.1 +1.1 -21.7 3377 Sino-Ocean Land 3.57 60.9 +0.8 -20.1 2777 Guangzhou R&F Properties 8.92 101.2 +0.7 -12.2 Cement 1893 China National Materials 3.90 37.5 +1.0 -33.0 2233 West China Cement 1.83 96.9 +0.5 -29.9 1313 China Resources Cement 6.59 106.9 -1.6 -17.1 1136 TCC Int'l 3.66 39.6 -2.1 -31.8 743 Asia Cement China 5.12 28.2 -3.6 -29.3 Basic Materials 1088 China Shenhua Energy 33.85 634.6 +1.5 -15.2 323 Maanshan Iron & Steel 2.68 40.3 -1.1 -20.9 1393 Hidili Industry Int,l 4.13 49.1 -1.7 -28.9 1898 China Coal Energy 10.00 329.5 -1.8 -13.8 2600 Aluminum Corp of China 5.26 158.5 -1.9 -15.3 Oil & Gas 135 Kunlun Energy 11.00 172.9 +4.0 -16.5 3 Hong Kong & China Gas 18.20 112.4 +1.0 -1.5 1193 China Resources Gas 11.76 25.3 +0.2 +2.3 2883 China Oilfield Services 10.90 111.5 +0.0 -23.1 1083 Towngas China 4.20 4.4 -0.9 +0.0 Macau Gaming 2282 MGM China 13.52 N/A +0.6 -21.8 1928 Sands China 21.20 367.4 +0.2 -0.5 1128 Wynn Macau 23.00 225.3 +0.0 -17.0 880 SJM 15.36 334.6 -1.5 -22.0 27 Galaxy Entertainment 16.48 371.2 -3.7 -16.0 Aviation 293 Cathay Pacific Airways 15.18 104.1 -0.5 -18.8 1055 China Southern Airlines 5.29 107.3 -1.5 +2.3 670 China Eastern Airlines 3.60 54.9 -3.5 -11.8 753 Air China 7.41 147.6 -4.3 -10.4 Hong Kong Properties 54 Hopewell Holdings 23.60 13.3 +2.4 -3.9 163 Emperor Int'l 1.46 12.8 +2.1 -11.5 10 Hang Lung Group 44.55 38.3 +0.8 -7.8 101 Hang Lung Properties 27.75 219.7 +0.7 -8.4 14 Hysan Development 30.65 59.8 +0.2 -15.9 China Insurance 2328 PICC Property & Casualty 12.00 327.6 -1.2 -16.7 2628 China Life Insurance 19.18 961.0 -1.7 -27.8 2601 China Pacific Insurance 28.15 397.9 -1.9 -11.9 966 China Taiping Insurance 17.48 39.4 -3.4 -7.8 2318 Ping An Insurance 60.50 850.2 -3.4 -22.0 HK & Int’l Retails & Department Store 289 Wing On Co 16.00 0.4 +3.2 -2.9 973 L'Occitane Int'l 17.06 40.3 +0.7 -16.6 999 I.T 6.31 58.7 +0.3 -18.7 330 Esprit 20.85 168.3 -0.5 -11.1 1150 Milan Station 1.70 12.3 -0.6 -19.0 China Retails & Department Store 3308 Golden Eagle Retail 18.20 83.1 +2.4 -7.5 1025 Wumart Stores 19.00 15.7 +1.7 +0.4 493 GOME Electrical Appliances 3.28 351.5 +1.5 -11.6 1044 Hengan Int'l 61.85 261.7 -0.6 -8.3 336 Huabao Int'l 6.01 144.0 -1.0 -13.9 Pharmaceutical 858 Extrawell Pharmaceutical 0.61 2.0 +5.2 +3.4 2348 Dawnrays Pharmaceutical 2.50 1.3 +2.5 -11.0 1164 Vital Group 1.16 23.1 +1.8 -11.5 1066 Shandong Weigao Medical 9.09 52.3 +1.0 -17.7 801 Golden Meditech 1.08 2.2 +0.9 -16.9 Shipping 368 Sinotrans Shipping 1.82 4.1 +5.2 -18.8 144 China Merchants Int'l 23.40 167.2 -0.4 -17.9 1919 China COSCO 4.14 105.4 -1.0 -27.1 1138 China Shipping Development 5.74 46.8 -1.2 -9.0 316 Orient Overseas Int'l 36.00 92.9 -1.6 -22.7 China Banking 1988 China Minsheng Banking 6.66 165.4 +3.3 -6.1 1398 ICBC 4.92 1,663.9 +1.4 -18.1 939 China Construction Bank 5.29 2,082.8 +0.0 -16.8 3328 Bank of Communications 5.61 209.6 +0.0 -18.2 3988 Bank of China 3.02 1,739.9 -0.3 -17.0 Top 5 gainers (based on one day % change) have been selected from each featured sector, Source: Bloomberg 6 3 mth % chg Rel to HSI 1 mth 3 mth % % nsensus PER 14 Day X RSI -10.1 -1.2 -17.8 -13.3 -13.4 -2.5 -2.4 -9.7 -7.9 +1.2 +5.1 +15.6 -3.9 +1.3 +1.3 4.7 8.8 6.7 6.5 5.1 39.7 41.9 36.2 37.4 40.7 -43.6 -40.4 -6.9 -13.7 -13.5 -22.8 -19.2 -4.5 -21.4 -18.5 -34.1 -30.3 +8.8 +0.9 +1.1 6.8 5.9 9.5 5.8 5.2 25.6 26.5 43.2 34.7 34.9 -7.4 -29.3 -33.9 +0.7 -20.2 -2.2 -8.9 -18.1 -0.6 -2.4 +8.3 -17.3 -22.7 +17.8 -6.7 12.1 20.0 8.1 11.6 23.5 42.7 32.4 27.8 51.4 40.8 -19.8 +3.2 +9.1 -27.7 +0.7 -3.8 +13.5 +17.9 -11.4 +15.3 -6.2 +20.7 +27.6 -15.5 +17.8 14.7 24.7 20.8 9.1 17.6 32.8 54.8 57.9 36.4 56.3 N/A +0.0 -14.7 -18.1 +3.6 -9.9 +14.7 -4.3 -10.1 -3.2 N/A +16.9 -0.2 -4.3 +21.2 14.7 21.7 18.3 15.1 25.4 37.1 45.7 40.7 33.1 40.7 -16.5 +31.3 +2.9 -5.8 -6.4 +17.9 +1.7 +3.3 -2.4 +53.5 +20.3 +10.1 8.5 9.7 8.4 8.2 28.4 62.5 52.7 49.3 -2.1 -8.8 -11.7 -12.3 -18.2 +10.8 +2.0 +6.3 +5.6 -3.1 +14.5 +6.7 +3.3 +2.5 -4.3 15.5 2.8 15.3 17.2 25.0 38.8 30.3 41.2 46.0 27.8 +7.7 -26.9 -11.9 -11.2 -24.8 -3.9 -16.7 +1.6 +6.3 -10.1 +26.0 -14.6 +3.0 +3.9 -12.1 12.7 14.4 18.9 21.6 17.3 41.9 30.4 45.3 56.9 33.8 -4.8 -17.4 -7.1 -25.8 -25.1 +11.9 -3.8 -6.3 +2.5 -6.7 +11.4 -3.4 +8.7 -13.2 -12.4 N/A 18.5 14.4 8.0 N/A 31.4 34.3 36.0 46.6 33.8 -10.3 +12.3 +16.7 -5.1 -47.4 +6.6 +15.8 +1.9 +5.7 -0.8 +4.8 +31.3 +36.5 +10.9 -38.5 23.8 30.0 17.1 26.6 10.8 45.5 47.6 40.8 38.1 39.2 -9.0 -4.9 -15.3 -10.2 -16.9 +19.2 +2.5 +2.1 -5.1 -4.2 +6.5 +11.2 -1.0 +5.0 -2.8 N/A 9.0 N/A 32.0 11.4 53.8 39.1 42.3 38.7 34.0 -24.5 -29.7 -40.7 -25.6 -39.0 -6.3 -5.4 -16.0 +4.9 -11.0 -11.7 -17.8 -30.6 -13.1 -28.6 9.0 12.1 161.5 12.1 11.6 27.9 39.4 38.6 52.5 38.7 -8.4 -21.0 -26.0 -21.2 -28.1 +8.3 -5.6 -4.1 -5.7 -4.4 +7.1 -7.6 -13.5 -7.8 -15.9 6.4 6.9 6.5 5.9 5.7 46.6 35.7 37.6 36.6 33.4 South China Group 29 AUGUST 2011 ECONOMIC DATA Date 26/08/11 26/08/11 26/08/11 29/08/11 29/08/11 30/08/11 31/08/11 31/08/11 01/09/11 01/09/11 01/09/11 01/09/11 01/09/11 02/09/11 02/09/11 02/09/11 02/09/11 06/09/11 09/09/11 09/09/11 Country US US US US US US US US US US US US US US US US US US US US Indicators GDP Price Index (2Q2011) Personal Consumption (2Q2011) University of Michigan Confidence (August) Personal Income (July) Personal Spending (July) Consumer Confidence (August) Chicago Purchasing Manager (August) Factor Orders (July) Construction Spending (July) Initial Jobless Claims (27 August) ISM Manufacturing (August) Nonfarm Productivity (2Q2011) Unit Labour Costs (2Q2011) Change in Nonfarm Payrolls (August) Domestic Vehicle Sales (August) Total Vehicle Sales (August) Unemployment (August) ISM Non-Manufacturing (August) Consumer Credit (July) Wholesale Inventories (July) 27/08/11 29/08/11 01/09/11 03/09/11 09/09/11 09/09/11 09/09/11 09/09/11 09/09/11 CH CH CH CH CH CH CH CH CH Industrial Profits (July) Leading Index (July) PMI Manufacturing (August) PMI Non-Manufacturing (August) Consumer Price Index (August) Fixed Assets Investment (August) Industrial Production (August) Producer Price Index (August) Retail Sales (August) 26/08/11 30/08/11 31/08/11 31/08/11 01/09/11 02/09/11 05/09/11 05/09/11 05/09/11 06/09/11 08/09/11 EURO EURO EURO EURO EURO EURO EURO EURO EURO EURO EURO 29/08/11 31/08/11 31/08/11 31/08/11 05/09/11 07/09/11 Source: Bloomberg HK HK HK HK HK HK -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE -ZONE Money Supply – M3 (July) Business Climate Indicator (August) CPI Estimate (August) Unemployment Rate (July) PMI Manufacturing (August) PPI (August) PMI Services (August) Sentix Investor Confidence (September) Retail Sales (July) GDP (2Q2011) Announces Interest Rates Retail Sales - Value (July) Money Supply – M1 (July) Money Supply – M2 (July) Money Supply – M3 (July) Purchasing Managers Index (August) Foreign Currency Reserves (August) Consensus +2.3% +0.2% 55.8 +0.3% +0.5% 52.0 53.5 +1.8% +0.2% 408K 48.5 -0.5% +2.3% 75K 9.50m 12.10m 9.1% 52.0 US$4.000bn – Actual +2.4% +0.4% 55.7 Previous +2.3% +0.1% 54.9 +0.1% -0.2% 59.5 58.8 -0.8% +0.2% 417K 50.9 -0.3% +2.2% 117K 9.62m 12.20m 9.1% 52.7 US$15.532bn +0.6% – – 51.0 – – – – – – +28.3% +28.7% 101.76 50.7 59.6 +6.5% +25.4% +14.0% +7.5% +17.2% +2.2% 0.10 +2.5% 9.9% 49.7 +6.1% – – – – – +2.0% +1.9% 0.45 +2.5% 9.9% 49.7 +5.9% 51.5 -13.5 +0.7% +1.7% 1.50% +26.1% – – – – – +28.8% +12.5% +8.4% +8.3% 51.4 US$2,788bn RESULTS ANNOUNCEMENTS Date 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 Source:HKEx Company APT SATELLITE BAOFENGMODERN BBMG BEIJING MEDIA BEIJING N STAR BOSHIWA INT'L CARRY WEALTH CASH FIN SER GP CCT TECH INT'L CCT TELECOM CENTRON TELECOM CHANGFENG AXLE CHIGO HOLDING CHINA CHENGTONG CHINA EAST AIR Code 1045 1121 2009 1000 588 1698 643 510 261 138 1155 1039 449 217 670 Events INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM INTERIM 7 RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS Period 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 South China Group 29 AUGUST 2011 RESULTSANNOUNCEMENTS Date 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 Source:HKEx Company CHINA FIRE CHINA FOODS CHINA MANDARIN CHINA METAL CHINA MINING CHINA RAREEARTH CHINA RENJI CHINA SEVENSTAR CHINAVTM MINING CITIC BANK COSLIGHT TECH DAN FORM HOLD EMBRY HOLDINGS ENERGY INTINV ETERNITY INV FE HLDGS INTL FIH FIRST PACIFIC GAPACK GENVON GROUP GLOBAL SWEET GLORIOUS PPT H GOME GREAT CHINA GUANGDONG INV GUANGNAN (HOLD) HAIER ELEC HONG LONG HLDGS HOP HING GROUP IMM INSPUR INT'L INT'L ELITE JOLIMARK KARCE INTL HOLD KB LAMINATES KECK SENG INV KINGBOARD CHEM KOWLOON DEV LAM SOON (HK) LEEPORT(HOLD) LERADO GROUP LUOYANG GLASS MAINLAND HOLD MORNING STAR NET2GATHER NEWTON RES NORTH ASIA RES PACIFIC ONLINE PEGASUS INT'L PERFECTECH INTL PME POLYTEC ASSET PROSP INV HOLD REXLOT HOLDINGS SAMSONITE SANDS CHINA LTD SANY INT'L SH IND URBAN SHUN TAK HOLD SINO BIOPHARM SINO DRAGON SMIC SPG LAND SUNLINK INT'L SUPERB SUMMIT TC INTERCONNECT TIAN LUN GAS TIBET 5100 TITANS ENERGY TRISTATE HOLD WAI CHUN MINING WATER INDUSTRY WEICHAI POWER WINTEAM PHARMA Code 445 506 9 319 340 769 648 245 893 998 1043 271 1388 353 764 36 2038 142 468 2389 3889 845 493 141 270 1203 1169 1383 47 1683 596 1328 2028 1159 1888 184 148 34 411 387 1225 1108 1100 542 1049 1231 61 543 676 765 379 208 310 555 1910 1928 631 563 242 1177 395 981 337 2336 1228 515 1600 1115 2188 458 660 1129 2338 570 Events INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS 8 Period 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 South China Group 29 AUGUST 2011 RESULTSANNOUNCEMENTS Date 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 29/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 29-30/08/2011 29-30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 Source:HKEx Company WORLD HOUSEWARE YIZHENG CHEM YUANDA CHINA YUE DA MINING ZALL DEV ZHENGTONGAUTO 21 HOLDINGS ALLTRONICS ARTEL GROUP ARTS OPTICAL AVICHINA C FIBER OPTIC CH RENEW EN INV CH YUNNAN TIN CHI KINGSTONE CHI O SHIPBLDG CHINA AGRI CHINA BEST CHINA COMM CONS CHINA GLASS CHINA MER HOLD CHINA PHARMA CHINA RAIL CONS CHINA RAILWAY CHINA STAR ENT CHINA UPTOWN CHINACOMSERVICE CHINAGRANDPHARM CHINAPROPERTIES CHINAVISION CHU KONG SHIP CM BANK CNNC INT'L CNT GROUP CO-PROSPERITY CONVOY DONGFENG GROUP ENTERPRISE DEV EVERGRANDE FAR EAST GLOBAL FULBOND HOLDING FUTONG TECH G CHINA HOLD GAC GROUP GIORDANO INT'L GLOBAL BIO-CHEM GLOBAL GREEN GOLDLION HOLD GRAND FIELD GP GRANDE HOLDINGS GREAT WALL TECH GREEN ENERGY GP GUOCO GROUP HENGAN INT'L HK BLDG & LOAN HK CHINESE LTD HKC (HOLDINGS) HYBRID KINETIC INTIME IONE HOLDINGS JINJIANG HOTELS JIUZHOU DEV JU TENG INTL KADER HOLDINGS KINGSTON FIN KITH HOLDINGS KONG SUN HOLD LIPPO LIPPO CHINA RES LOUDONG GN RES LUEN THAI MAGNIFICENT MASTERMIND CAP MCC Code 713 1033 2789 629 2098 1728 1003 833 931 1120 2357 3777 987 263 1380 651 606 370 1800 3300 144 1093 1186 390 326 2330 552 512 1838 1060 560 3968 2302 701 707 1019 489 1808 3333 830 1041 465 431 2238 709 809 274 533 115 186 74 979 53 1044 145 655 190 1188 1833 982 2006 908 3336 180 1031 1201 295 226 156 988 311 201 905 1618 Events INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS RESULTS/INT DIV INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS 9 Period 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 South China Group 29 AUGUST 2011 RESULTSANNOUNCEMENTS Date 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 30/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 Source:HKEx Company MELCO INT'L DEV MENGNIU DAIRY MILAN STATION MIN XIN HOLD MING FAI INT'L MITSUMARU HOLD MY MEDICARE NAN HAI CORP NANJING PANDA NEW ENV ENERGY NEW FOCUS AUTO NEWTIMES ENERGY NORTH MINING O-NET COMM GP ORANGE SKY G H PACIFIC PLYWOOD PAN ASIA ENVIRO PARADISE ENT PEARL ORIENTAL PRINCE FROG RAINBOWBROTHERS SAMSON HOLDING SHANGHAI IND H SHUN HO RES SHUN HO TECH SICHUAN EXPRESS SIHUAN PHARM SING TAO SINO GOLF HOLD SINO-I TECH SINOMA SOUTH CHINA CHI SOUTH CHINA FIN SOUTH CHINA H SOUTH SEA PETRO SRE GROUP SUCCESSUNIVERSE SUN.KING ELEC SUNART RETAIL SUNSHINE SUNSHINE PAPER SWIRE PACIFIC A SWIRE PACIFIC B TALENT PPT GP TECH PRO TIAN SHAN DEV WAH NAM INT'L WATER PROPERTY WILLIE INT'L WING TAI PPT WINSOR PPT HOLD WKK INTL (HOLD) WULING MOTORS XIWANG SUGAR YIP'S CHEMICAL YUSEI YUZHOU PPT ZHONGTIAN INT'L ZOOMLION ZTE AMVIG HOLDINGS BEIJING ENT BJ ENT WATER BJ PROPERTIES BRILLIANT CIR C ORI CULTURE C TRANSMISSION C Y FOUNDATION CH FIN LEASING CHINA ENERGINE CHINA ENERGY CHINA FORESTRY CMMB VISION CNR HOLDINGS Code 200 2319 1150 222 3828 2358 233 680 553 3989 360 166 433 877 1132 767 556 1180 632 1259 33 531 363 253 219 107 460 1105 361 250 1893 413 619 265 76 1207 487 580 6808 509 2002 19 87 760 3823 2118 159 2349 273 369 1036 532 305 2088 408 96 1628 2379 1157 763 2300 392 371 925 1008 2371 658 1182 2312 1185 228 930 471 2889 Events INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS SP INTERIM DIVIDEND SP INTERIM DIVIDEND INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS NTERIM RESULTS 10 Period 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 PERIOD ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.31/03/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 South China Group 29 AUGUST 2011 RESULTSANNOUNCEMENTS Date 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 31/08/2011 01/09/2011 01/09/2011 01/09/2011 06/09/2011 08/09/2011 15/09/2011 16/09/2011 21/09/2011 22/09/2011 22/09/2011 28/09/2011 Source:HKEx Company COFCO PACKAGING COSCO INTL HOLD DATRONIX HOLD DEJIN RES FIRST MOBILE FIRST NATURAL GALAXY ENT GOODTOP TIN HIGH FASHION HSIN CHONG CONS JINHUI HOLDINGS LAUNCH TECH LUKS GROUP (VN) MAYER HOLDINGS MIDAS INT'L NATURAL DAIRY OPES ASIA PLAYMATES PLAYMATES TOYS RAYMOND IND REALGOLD MINING ROSEDALE HOTEL SHIMAO PROPERTY SHINEWAY PHARM SHUI ON CONS SHUNFENG PV SMARTONE TELE SMI CORP SOLARGIGA TAO HEUNG HLDGS TOMSON GROUP UNITED LAB VINDA INT'L WELLING HOLDING XINGFA ALUM ZHONGAN REALEST ZHONGDA INT'L SINO HOTELS SINO LAND TST PROPERTIES APPLIED DEV SUNLIGHT REIT SHK PPT CHINA HEALTH SEE CORPORATION CHEUK NANG HOLD FITTEC HKRH Code 906 517 889 1163 865 1076 27 195 608 404 137 2488 366 1116 1172 462 810 635 869 229 246 1189 813 2877 983 1165 315 198 757 573 258 3933 3331 382 98 672 909 1221 83 247 519 435 16 673 491 131 2662 2882 Events INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS INTERIM RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS FINAL RESULTS 11 Period 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.31/05/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 6-MTH-ENDED30/06/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.31/03/11 Y.E.30/06/11 Y.E.30/06/11 Y.E.30/06/11 15-MTH-ENDED30/06/11 South China Group 29 AUGUST 2011 REPORTSPUBLISHEDBYSOUTHCHINARESEARCH Publisheddate 25-Aug-11 24-Aug-11 23-Aug-11 23-Aug-11 12-Aug-11 12-Aug-11 3-Aug-11 29-Jul-11 22-Jul-11 20-Jul-11 18-Jul-11 12-Jul-11 05-Jul-11 23-Jun-11 16-Jun-11 10-Jun-11 07-Jun-11 07-Jun-11 24-May-11 24-May-11 04-May-11 03-May-11 29-Apr-11 20-Apr-11 20-Apr-11 15-Apr-11 15-Apr-11 12-Apr-11 28-Mar-11 28-Mar-11 21-Mar-11 16-Mar-11 09-Mar-11 08-Mar-11 07-Mar-11 02-Mar-11 25-Feb-11 23-Feb-11 23-Feb-11 17-Feb-11 16-Feb-11 08-Feb-11 02-Feb-11 28-Jan-11 27-Jan-11 27-Jan-11 21-Jan-11 21-Jan-11 18-Jan-11 14-Jan-11 11-Jan-11 StockCode 2010 1777 960 590 – – 757 230 546 3998 801 163 855 2468 177 230 1968 8351 182 369 712 1387 210 1238 3883 3331 386 1638 1006 995 272 1044 2880 587 1918 54 107 3333 886 230 548 2319 2222 829 1068 825 67 303 773 152 751 Reportname(reportlinked) Real Nutriceutical Fantasia Holdings Longfor Properties Luk Fook Solar Energy Sector Report(Chinese) Wind Power Secto rReport(Chinese) Solargiga(Chinese) Minmetals Land(Chinese) FuFeng Group(Chinese) Bosideng Int'l Golden Meditech Emperor Int'l China Water Affairs Trony Solar(Chinese) Jiangsu Expressway(Chinese) Minmetals Land(Chinese) Peak Sports Eternite Int'l China Wind Power(Chinese) Wing Tai Properties Comtec Solar Renhe Commercial Daphne Int'l Powerlong(Chinese) China Aoyuan(Chinese) Vinda Int'l Tontine Wines(Chinese) Kaisa Group China Corn Oil Anhui Expressway(Chinese) ShuiOn Land Hengan Int'l(Chinese) Dalian Port(Chinese) Hua Han Bio-Pharmaceutical SUNAC China(Chinese) Hopewell Holdings Sichuan Express(Chinese) Evergrande Silver Base(Chinese) Minmetals Land(Chinese) Shenzhen Express(Chinese) China Mengniu Dairy NVC Lighting(Chinese) Shenguan(Chinese) China Yurun(Chinese) NWDS(Chinese) China Lumena(Chinese) V Tech(Chinese) China Metal Recycle(Chinese) Shenzhen Int'l(Chinese) Skyworth Digital(Chinese) Analyst Cyrus Ng Kaiser Choi Kaiser Choi Michael Tam Cyrus Ng Kaiser Choi Cyrus Ng Kaiser Choi Amanda Zhang Michael Tam Cyrus Ng Kaiser Choi Kaiser Choi Cyrus Ng Amanda Zhang Kaiser Choi Michael Tam Michael Tam Kaiser Choi Cyrus Ng Cyrus Ng Kaiser Choi Michael Tam Kaiser Choi Kaiser Choi Michael Tam Amanda Zhang Kaiser Choi Michael Tam Amanda Zhang Kaiser Choi Michael Tam Amanda Zhang Cyrus Ng Kaiser Choi Kaiser Choi Amanda Zhang Kaiser Choi Gordon Wong Kaiser Choi Amanda Zhang Michael Tam Cyrus Ng Amanda Zhang Cyrus Ng Michael Tam Amanda Zhang Cyrus Ng Gordon Wong Amanda Zhang Gordon Wong Source:SouthChinaResearch 12 South China Group 29 AUGUST 2011 South China Financial Holdings Tel: (852) 2820 6333 Fax: (852) 2845 5765 URL: http://www.sctrade.com E-mail: research@sctrade.com Telex: 69208 SCSL HONG KONG Head office 26/F, Tower I, Lippo Centre, 89 Queensway, Admiralty Tel: (852) 3196 6000 Fax: (852) 2536 4608 Branches RM1002-03, Nan On Com Bldg 69A Wuhu Street, Hung Hom Tel: (852) 2330 5881 Fax: (852) 2627 0001 Shop 2 G/F, Max Share Centre, 373 King's Road, North Point Tel: (852) 2570 4422 28/F, Bank of China Tower, 1 Garden Road Central Tel: (852) 2820 6333 Fax: (852) 2845 5765 Shop 1&2, G/F, Yue Man Centre, 300-302 Ngau Tau Kok Road, Kwun Tong Tel: (852) 2191 2822 Fax: (852) 2793 3000 Shop A1, G/F, Kar Ho Building, G/F, 108 Chung On Street, 27-31 Hong Lok Road, Yuen Long, N.T. Tsuen Wan N.T. Tel: (852) 2442 4398 Tel: (852) 2614 1775 Fax: (852) 2479 4418 Fax: (852) 2615 9427 LONDON 5-6 Carlos Place, Mayfair, London W1K 3AP, United Kingdom Tel: (4420) 7491 9225 Fax: (4420) 7355 4423 DISCLOSURES: The Research Analyst(s) who prepared the research report hereby certify the views expressed in this research report accurately reflect the analyst(s) personal views about the subject companies and their securities. The Research Analyst(s) also certify the Analyst(s) have not been, are not, and will not be receiving direct or indirect compensation for expressing the specific recommendations(s) or view(s) in this report. We and our affiliates, officers, directors and employees, excluding Research Analyst(s), will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives (including options and warrants) thereof of covered companies referred to in this research report. IMPORTANT: This report and the information and opinions provided or expressed herein have been prepared by South China Research Limited for itself, its parent, holding, subsidiary, or other associated companies for the information of its or their respective clients only, and has been compiled with reasonable care using data, information, or sources believed to be true, reliable, and accurate at the time of publication. No representation or warranty whatsoever, whether express or implied, is made to the accuracy or completeness or otherwise of this report or any of the contents thereof. South China Research Limited, its parent, holding, subsidiary or, other associated companies and its or their directors, officers, associates, representatives, or employees accordingly do not accept any responsibility or liability whatsoever for any direct or consequential loss or damage of whatsoever nature arising from or as a result of the use, publication, or distribution in whole or in part of this report or any of its contents. The information and opinions contained in this report are or may be subject to change or revision without any notice. South China Research Limited, its parent, holding, subsidiary, or other associated companies or its or their respective directors, officers, associates, representatives, or employees may have positions or otherwise be directly or indirectly interested in the securities mentioned in this report or may buy, sell, or deal or offer to buy, sell, or deal in or with such securities from time to time, whether as principal for its or their own account or as agent or in any other capacity for or on behalf of another person. This report is not, and is not intended to be, nor constitutes any offer or solicitation for the purchase or sale or other dealing in the securities mentioned herein. Copyright protection and other rights exist or subsist in this report, which may accordingly not be used for any other purpose, nor sold, distributed, published, or reproduced in any manner without the express consent of South China Research Limited. This publication is approved for distribution in the UK by South China Securities (UK), a firm authorized and regulated by the FSA. 13 South China Group