Edition:
United Kingdom

Hong Kong Aircraft Engineering Co Ltd (0044.HK)

0044.HK on Hong Kong Stock

71.35HKD
16 Oct 2018
Change (% chg)

HK$-0.05 (-0.07%)
Prev Close
HK$71.40
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Volume
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HK$71.50
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HK$41.90

Latest Key Developments (Source: Significant Developments)

Swire Pacific Updates On Proposal For Privatisation Of Hong Kong Aircraft Engineering Company
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Swire Pacific Ltd <0019.HK>::UPDATES ON PROPOSAL FOR PRIVATISATION OF HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED BY SWIRE PACIFIC LIMITED.HAECO INDEPENDENT BOARD COMMITTEE RECOMMENDS HAECO SHAREHOLDERS TO VOTE IN FAVOUR OF RELEVANT RESOLUTION TO IMPLEMENT PROPOSAL.ASSUMING THAT CONDITIONS ARE FULFILLED SCHEME WILL BECOME EFFECTIVE AND LISTING OF HAECO SHARES IS EXPECTED TO BE WITHDRAWN ON NOV 29.  Full Article

Hong Kong Aircraft Engineering Posts HY Profit Attributable Of HK$469 Mln
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>::HY PROFIT ATTRIBUTABLE TO COMPANY'S SHAREHOLDERS HK$469 MILLION VERSUS HK$348 MILLION.PROPOSED FIRST INTERIM DIVIDEND PER SHARE OF HK$ 0.72 PER SHARE.HY REVENUE HK$ 7,325 MILLION VERSUS HK$7,405 MILLION.AIRFRAME SERVICES WORKLOAD IN H2 2018 IS EXPECTED TO BE LOWER THAN IN H1 2018 IN HONG KONG & XIAMEN.AIRFRAME SERVICES WORKLOAD IN H2 2018 IS EXPECTED TO BE HIGHER THAN IN H1 2018 IN HAECO AMERICAS.FEWER SEATS ARE EXPECTED TO BE SOLD IN SECOND THAN IN FIRST HALF OF 2018.  Full Article

Hong Kong Aircraft Engineering expects consol loss attributable to shareholders of co for 2017​
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:‍Worse results are now expected at HAECO Americas in second half of 2017​.‍HAECO group's adjusted profit for 2017 is expected to be below that of 2016​.Expects a consol loss attributable to shareholders of co for 2017​.Impairment charges currently estimated at about hk$625 million are expected to be made in 2017​.Demand for HAECO Americas' Airframe Services is expected to decrease in second half of 2017 compared with first half.  Full Article

Hong Kong Aircraft Engineering Co FY profit attributable HK$ 975 mln, up 110 percent
Tuesday, 14 Mar 2017 

Hong Kong Aircraft Engineering Co Ltd <0044.HK> : Fy profit attributable to company's shareholders HK$ 975 million, up 110 percent . FY revenue HK$13.76 billion versus HK$12.10 billion . Directors have declared a second interim dividend of HK$0.92 per share for the year . HAECO Hong Kong expects its results to be affected again by deferral of airframe services work by some customers .Demand for HAECO Americas airframe services is expected to increase in 2017.  Full Article

UPDATE 2-Swire in second attempt to take HAECO private, offers 64 pct premium

* Offer price 31 pct lower than failed 2010 bid (Recasts, adds 2010 bid and analyst comment)