HONG KONG, Dec 7 (Reuters) - Hong Kong shares could post a
third-straight weekly gain, but are expected to be relatively
steady on Friday as investors await a U.S. nonfarm payrolls
report later in the day.
PICC Group gained as much as 6.3 percent in grey
market trading on Thursday, signalling expectations that the
Chinese state-owned insurer will climb in its official debut on
the Hong Kong stock exchange on Friday.
On Thursday, the Hang Seng Index slipped 0.1 percent
to 22,249.8 points, while the China Enterprises Index of
the top Chinese listings in Hong Kong rose 0.3 percent.
On the week, they are each up 1 and 2.3 percent
respectively, set for a third-straight weekly gain.
Elsewhere in Asia, Japan's Nikkei was up 0.1
percent, while South Korea's KOSPI was up 0.5 percent at
FACTORS TO WATCH:
* Wealthy tourists and overseas growth helped Italian
fashion house Prada beat quarterly profit forecasts,
lifting hopes for holiday sales of its leather bags and
colourful dresses despite recession at home.
Prada reported on Thursday a 30 percent rise in
third-quarter net profit to 122 million euros ($160 million),
topping analysts' average forecast of 110 million.
* Brazil's Vale , the world's top iron
ore producer, has blamed a Guinean government U-turn on rail and
port links and shifting, unclear regulation for its decision to
shelve the giant Simandou iron ore project.
Vale said it remained interested in working in Guinea and
at Simandou, site of the world's largest untapped deposit of
iron ore, but needed clarity to proceed with the project.
* A bureaucrat's note to brief Canada's prime minister on
CNOOC Ltd's bid for Canadian oil producer Nexen Inc
said the takeover, if approved, would give the Chinese
company a stake in an oil field that has a growing influence
over world oil prices, Bloomberg News reported on Thursday.
* China Eastern Airlines Corp Ltd said it would
buy a remaining 29.7 percent stake in Shanghai Eastern Logisitcs
Co Ltd from China Ocean Shipping (Group) Company for 562 million
yuan, and a 1 percent stake in the logistics unit from China
Cargo Airlines Co Ltd, making the unit a wholly-owned
* GOME Electrical Appliances Holding Ltd said
aunit had entered into agreement for the provision of 3.6
billion yuan new loan to Beijing Zhansheng. The term of the new
loan is from Dec 5, 2012 to Dec 4, 2015 with interest rate fixed
at 5.4 percent per annum.
* CNOOC Ltd said the Hong Kong Stock Exchange has
granted a waiver to allow the company to further extend the
dispatch date of a circular regarding a proposed acquisitions of
Nexen shares to Dec 31, 2012, as it requires more time to
finalize the circular's content.
* Geely Automobile Holdings Ltd said it sold 5,282
cars in November, up about 5 percent from the same period a year
ago. Total sales volume in the first 11 months was 423,829
units, up 1 percent from the same period last year.(Reporting by Clement Tan and Donny Kwok; Editing by Kim