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HSBC shares have limited upside Listen
The Director of Ample Asset Management, Alex Wong, says the upside potential for the price of HSBC shares is very limited. The bank’s shares tumbled both in Hong Kong and London after it posted a worse-than-expected fall in annual profit. The US$7.1 billion profit the bank announced for last year is more than 60 percent lower than the US$18.9 billion it reported a year ago. Wong tells Annemarie Evans that it is not a good time to own HSBC stocks right now.
Concerns over Kai Tak Sports Park Listen
A sports academic from the Baptist University, Lobo Louie, has raised concerns about the future operations of the Kai Tak Sports Park. The government said on Monday that the HK$32 billion project would go through a single bidding process, with the winner responsible for building and operating the facilities. The winning firm would also sign a 25-year contract with the government. Louie speaks to Annemarie Evans.
Malaysia continues to probe Kim Jong-nam’s death Listen
RTHK’s Seoul correspondent Frank Smith says the Malaysian authorities are continuing to find out how Kim Jong-nam, the estranged brother of North Korean ruler Kim Jong-un, died. The cause of the death has not yet been determined and Noor Hisham Abdullah, the country's Director General of Health, told reporters that an autopsy showed no evidence of a heart attack or sign of puncture wounds on his Kim Jong-nam’s body. He says medical specimens have been forwarded to experts, who will determine the cause of death. Kim Jong-nam died last week after apparently being poisoned in the budget terminal of a Kuala Lumpur airport. Smith spoke to Jim Gould about the latest developments.