Icbccss&p500usd Discussion Threads

[noirua] 03/8/2013 10:50

ADVFN - Free Bulletin Board - UniVision Engineering Limited -- Information Thread




The Board of UniVision has agreed to pay an annual final dividend to the Shareholders of the Company starting from the financial year ended 31(st) March, 2013. The amount of the dividend to be paid will be determined with reference to the cash position and the financial performance of the Company in each relevant reporting period. [Annual Report due by 15/8/2013]

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, is pleased to announce that, on 22 June 2012, the Group, Guangzhou Hua Xin Trading Company Limited (�Hua Xin�) and Guangzhou Jun Heng Mechanical and Electrical Equipment Company Limited (the �InvestorA533;) entered into an agreement (the �Agreement5533;) for the sale of the Group�s entitlement to a 51% interest in the Group�s shopping mall project in Zhongshan, China (the �Zhongshan Project�) for a consideration of RMB110 million (equivalent to c. �11.1 million and HK$134.1 million*) (the �Sale�).
[China, Guangzhou Aribitration decision of the 49% part of the mall sale is due, and should finalise sale of UniVision's 51%]

[noirua] 13/4/2013 09:11

Univision - Quote - ADVFN

[noirua] 31/3/2013 16:53

Coalition backs Gillard in China currency plan - Business - ABC News (Australian Broadcasting Corporation)

[noirua] 27/3/2013 13:48

Just like Level2, can you do without them, me thinks you cant really: Univision - Quote - ADVFN

[noirua] 25/3/2013 10:30

Univision - Quote - ADVFN

[noirua] 15/3/2013 16:02

Univision - Quote - ADVFN

[noirua] 14/3/2013 13:31

ADVFN - Free Bulletin Board - UniVision - Chinese CCTV manufacturer for the Goverment


Honk Kong based Univision Engineering UVEL have their major subsidiary in Guangzhou, Mainland China. Market cap £2.2m and £8.5m due on the sale of a shopping mall in Guangzhou.
Profit last year at £1.8m and PE ratio of 2.223.

[noirua] 17/2/2013 09:18

commodity prices slip amid lunar holidays - www.thebull.com.au

[briarberry] 28/3/2012 13:00

Chinese shares led global markets lower Wednesday as investors fretted over the outlook world's second largest economy and whether the U.S. economic recovery was losing its shine. The benchmark Shanghai Composite Index slid 2.7 percent to 2,284.88 while the Shenzhen Composite Index dived 4.1 percent to 909.58

[briarberry] 12/3/2012 19:37

China: Triumph and Turmoil - Channel 4 - 8pm to 9pm (12-03-2012)

1/3. Niall Ferguson examines China's rapid rise as a global financial superpower, exploring how its communist government has maintained relative stability despite relying on a largely capitalist economy. He begins by looking at how the country's vast apparatus of state often requires subjugating individual freedom for the greater good.

[briarberry] 05/3/2012 18:08

The Fastest Changing Place On Earth - BBC2 - 7pm - 5th March

This World documentary exploring the biggest urbanisation project in human history, as the Chinese government attempts to turn half a billion farmers into city-dwelling consumers. Over a six-year period, Carrie Gracie follows the lives of three people in rural White Horse Village during the upheaval, which will see the creation of thousands of new cities, a new road network and 300 of the world's biggest dams.

[hazl] 19/1/2012 07:55

am interested in achp any views?
they are so little traded,do you think there would be any problem selling them?

[briarberry] 30/11/2011 13:20

Chinese banks reserve ratio at a record 21.5pc - looks like the top as it's being lowered now...


Even the seemingly unstoppable China is having to help out its banks as global growth prospects weaken.

The country is cutting the amount of cash banks have to hold in reserve by 0.5 percentage points, the first time the amount has been reduced since 2008.

The reserve ratio will come down from December 5. The level stands at a record 21.5pc for the biggest banks.

China's inflation is easing and its exports increased by the smallest amount in almost two years last month, a consequence of the slowdown in Europe.

[energyi] 16/6/2011 02:22

A LAGGING INDICATOR ?

Mainland Property sector downgraded to 'negative' - by S&P

+ Expects property prices to drop by 10% in teh next six months
+ Mainland developes issued US$ 8 billion of bonds, showing aggressive growth, and a need to hold inventory
+ If they cannot sell "normally", they may be froced to cut prices
+ The government is making policy changes to curb rising prices

S&P Favors:
+ China Overseas (0688)
+ China Resources Land (1109)
+ Fanshion Properties (0817)

S&P sees as most negative
+ Greentown China (3900)
+ SRE Group (1207)

[grupo guitarlumber] 13/6/2011 18:35

..Poland drops Chinese firm in highway deal

By Janek Skarzynski | AFP – 1 hour 22 minutes ago
....tweet0EmailPrint......Related Content.
..
Enlarge Photo.View of the construction works of the A2 highway linking Warsaw and Berlin taken ...
....Poland has dropped the first Chinese firm to win a major public works deal in the EU for a contract to build a stretch of highway over funding disputes, Poland's highway authority said Monday.

"COVEC will not complete two sections of the A2 highway. Now we are analysing the legal aspects of two possible ways forward: one is a tender and the other is negotiations," Andrzej Maciejewski, deputy director of the Polish highways authority (GDDKiA) told reporters in Warsaw.

"We've already spoken with 16 companies. Others are coming forward and we will be reviewing their bids," he added.

According to Maciejewski the GDDKiA wants COVEC to pay 741 million zloty (188 million euros, $271 million) in damages for having failed to fulfil the terms of the contract.

"There are 130 million zloty in bank guarantees and COVEC's bank accounts are being frozen," Maciejewski said.

Construction of part of the A2 highway linking the Polish and German capitals Warsaw and Berlin last month after COVEC failed to pay Polish subcontractors.

In September 2009, COVEC -- the China Overseas Engineering Group Company -- beat several European competitors in a tender to build 49 kilometres (30 miles) of the A2 motorway.

The deal was a watershed, with experts stressing it was the first large-scale Chinese construction and public works operation in the European Union.

COVEC bid to do the work for 1.3 billion zloty (330 million euros, 472 billion dollars), considered a very low price, an issue which sparked accusation of dumping from competitors.

COVEC's winning bid was half the estimated cost of the tendered work.
...

[grupo guitarlumber] 26/5/2011 06:54

..EU first: Chinese workers rebuild Polish motorways

By Maja Czarnecka | AFP – 3 hours ago
....Share
retweet
EmailPrint......Related Content.
..
Enlarge Photo.Chinese labourers work on part of the Warsaw-Berlin highway in Poland near Zyrardow ...
....In the heart of the Polish countryside, about 500 Chinese workers toil frenetically on a new stretch of the A2 motorway connecting Berlin and Warsaw -- an unprecedented sight both here and across the EU.

Poland has become the first country in the 27-member bloc to open its doors to a Chinese company on a public works contract, thanks to the firm's controversial low bid that beat out several European competitors.

In a place where farmers grew potatoes a year ago, a team of Chinese workers install metal frames to be filled with concrete for a future bypass at Wiskitki, a village about 50-kilometres (31-miles) west of Warsaw.

"These two stretches of the A2 are a priority project for us," Wang Junmin, deputy chief executive of the China Overseas Engineering Group (COVEC), told AFP.

And they are a bigger priority for Poland. When the ex-communist country joined the European Union in 2004, it had practically no motorway network to speak of.

Today, Warsaw's goal is to complete 1,800 kilometres of highway by 2012 -- including this link between the German and Polish capitals -- to be well prepared to co-host the Euro 2012 football championships.

"Besides the 500 workers who came in January, another 300 will soon arrive from China as reinforcement," said Wang. "Together with the Poles, we should have 1,300 people at the building site."

But COVEC may need even more labourers to make up for time lost when work was all but frozen last week after the firm's Polish sub-contractors halted supplies because of unpaid invoices.

COVEC sent its CEO Fang Yuanming to Warsaw to break the deadlock.

After several days of talks at the Polish ministry for infrastructure, the two sides reached an agreement under which the group pledged to cover the late payments by May 30.

"We will return to the building site as soon as we have the money," said Robert Grzybowski, owner of Techno Car, which is owed 131,000 euros (185,000 dollars) by COVEC for trucks and excavators.

To win its first public works contract in an EU state, COVEC bid to build nearly 50 kilometres of the motorway for 1.3 billion zlotys (330 million euros, 465 million dollars), or what was considered half the estimated price tag.

The choice of a Chinese company sparked controversy from the start as the Polish chamber of road builders accused COVEC of unfair pricing.

"It is certain that they will lose money there," Wojciech Milusi, president of the chamber, told AFP.

"They're ready to do it to have a good reference for bidding in other building tenders in the EU. And since this is a company controlled by the state, the losses will be covered by China itself," he added.

The Chinese group says it can build a kilometre of motorway for 6.6 million euros, underbidding the price of its most expensive rival by nearly 200 percent.

COVEC management explains the rock-bottom costs by "our own special style of management", which includes collective dormitories with bunk beds, set up in an empty school the company has rented nearby.

At noon, lunch is delivered straight to the building site.

"The Chinese work day and night, 12 hours a day, seven days a week, and even during holidays," said Krzysztof Lenarczyk, a Wiskitki town hall official in charge of infrastructure.

"They started work in January (when public construction works are suspended in Poland) and they worked throughout the worst sub-zero weather," he added.

"The work is no longer as tough as it was," said Xu Chengbing, a 38-year-old worker from the Anhui province in eastern China, who returned to the building site early in the morning after working a 12-hour night shift.

He said he does not yet know exactly how much he will earn since the wages are sent directly to China.

"We don't get money in Poland," he said as he munched on a rice pudding with Chinese jujube dates, part of a meal prepared by Chinese cooks in a garage re-fitted as a kitchen.

"We don't need it after all -- we get both accommodation and food here," he said.
...

[briarberry] 07/4/2011 20:03

China has increased the retail price of gasoline and diesel to record highs, after a rise in global crude costs.

The increase will be 5-5.5%, according to the National Development and Reform Commission.

The move is aimed at easing pressure on state refiners who are struggling with international oil prices at two and a half year highs.

But analysts say inflation worries have kept the government from increasing prices too much.

[eagle12357] 07/4/2011 15:07

A decent chinese punt -

Looks like Prosperity's ACC stake is marching higher again, up 8.6% to another new high of 22.59, ACC stake now worth £170m.

PMHL's total market valuation £168m.

PMHL's Total Assets worth £538m (Net cash £140m)(Prosperity's ACC stake has a market value of £170m). Waiting for PMHL to play catch up.

Prosperity Minerals Holdings (120.5p) (LON:PMHL) (30.3.11) has an absurdly low valuation according to Daniel Stewart & Co's Richard Nolan.

[briarberry] 05/4/2011 10:28

China central bank ups interest rates 0.25 points