China's Shenyin Securities to report $23.7 million in after-tax profit for '94

Article Abstract:

Shenying Securities Pres. Kan Zhidong announced recently that his company earned a total of $23.7 million in after-tax profits during its 1994 operations, a 15% increase over the figure in 1993. The company's performance was unusual in view of the uncertainty and turmoil which pervaded China's financial markets throughout 1994. However, Kan also stated that FY 1995 earnings are not expected to be great and that the company would be lucky to break even.

Shenying Securities Co.

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Red chips heat up funds

Article Abstract:

Hong Kong stock market prices are being driven by red chip stocks that continue to experience popularity despite increased volatility, high risk, and a predicted slump. Red chips continue to command high prices because of their inflated price/earnings ratios, but analysts are skeptical that these companies can deliver their projected earnings. Despite this, investors continue to buy these stocks at a brisk pace.

Securities Dealers, Investment Banking and Securities Dealing, Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Evaluation, Stocks, Forecasts and trends, Stock-exchange, Stock exchanges, Exchanges, Hong Kong

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Korean brokers struck by slide: stock firms scramble to find new business as foreign rivals move in

Article Abstract:

South Korea's securities dealers are reeling from a bearish market and foreign competition. Of the 34 local brokerage houses, just 12 posted profits in the year ended Mar 31, 1997, compared to all but four of the 19 foreign brokerages that made money. In all, the industry had total losses of $726.7 million including Tong Yang Securities Co, which lost over $100 million.

South Korea, Securities industry, Tong Yang Securities Co.

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