US stocks closed mixed overnight as the market wobbled after the US Federal Reserve decided to maintain its interest rates at record low to support the subdued recovery. The central bank's upbeat outlook of the economy has led to speculation about a faster interest rate rise.
Times Ltd. (HKG:1832) Leading Supermarket and Hypermarket Chain eyes on the Highest Growth Area in China.
In FY 2008, the company revenue reached record high of RMB 4,007 million, representing an increase of 18.5% over FY 2007, EPS grew by 37.7% to 0.157. In FY 2008, the company had opened up 10 new retail outlets. Currently they have a total number of 67 retail outlets with total gross floor area of about 870,000 square meters across Jiangsu, Zhejiang, Shandong, Anhui Provinces and Shanghai, with a majority of stores strategically placed in the Jiangsu Province. The company is on track for even more expansion during FY 2009.