HONG KONG, Sept 14 (Reuters) - Hong Kong shares may retreat on Monday, tracking a softer tone in oversea markets, with weaker copper and oil prices expected to weigh on mining and energy stocks.
"Sentiment is seen a bit weak with investors likely to take a breather to mark the anniversary of the financial crisis," said Francis Lun, general manager of Fulbright Securities. "Players are reluctant to bet on further upside after the recent rally."
The benchmark Hang Seng Index rose 0.4 percent or 91.86 points to 21,161.42 on Friday, its highest closing level since August 2008.
Brokers said investors would also track moves by the mainland markets for hints of further upside potential.
STOCKS TO WATCH- * Hutchison Telecommunications International said on Sunday that its indirect subsidary had signed contracts with Huawei Tech Investment and Huawei Shenzhen worth about $387.2 million for the supply of equipment and infrastructure. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090914/LTN20090914003.pdf
* China-focused property developer Hong Long Holdings on Sunday posted a 93.5 percent fall in first-half net profit to 1.15 million yuan, but said it was "cautiously optimistic" for the second half of 2009 on the back of China's economic growth. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090913/LTN20090913009.pdf
* Sewco International Holdings said on Monday that Taifook Securities had launched a bid to acquire the remaining shares in Sewco that it did not own for HK$93.81 million on behalf of Right Perfect Ltd, an investment holding company. The offer price of HK$0.4 per share represents a premium of about 14.29 percent over the last traded stock price of HK$0.35. Right Perfect intends to keep Sewco listed on the Hong Kong stock exchange. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090914/LTN20090914007.pdf
* Neo-Neon Holdings, which makes lights, posted a 59.5 percent fall in net profit attributable to equity holders to HK$42.3 million because of the economic downturn. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090914/LTN20090914014.pdf
* Zijin Mining Group will participate in a bid for a 50 percent stake in Zijin Copper, which is sold by Minxi Xinghang, Zijin Mining's controlling shareholder. Zijin Mining's bidding price is expected not to exceed 114.38 million yuan, the company said. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090914/LTN20090914021.pdf
* Century Legend (Holdings) posted a first-half net loss of HK$5.3 million, from a net profit of HK$130.58 million a year ago. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090914/LTN20090914026.pdf
* Yanzhou Coal Mining said last Friday that it had resubmitted an application regarding its purchase of Felix Resources Ltd to the Foreign Investment Review Board of Australia and would prepare and submit materials according to regulatory requirements in China and Australia. For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090911/LTN20090911639.pdf --------------------- MARKET SNAPSHOT @ 2326 GMT -------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 <.SPX> 1,042.73 -0.14% -1.410
USD/JPY
MARKETS SUMMARY *Wall St ends 5 days of gains as oil weighs [nN11461889] *Oil extends losses to fall over $1 on demand worries[nTKU105544] *Dollar falls to 7-month low against the yen [nTKW006572] *Bonds end week on high note as demand persists [nN11444643] (Reporting by Donny Kwok; Editing by Chris Lewis)