PCCW is being driven down on speculation. We calculate that its net asset value is about HK$6.00. |
People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be. |
Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market, ... The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats. |
Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market. The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats. |
Shares are not doing too well across the board this morning, |
Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates. |
Telecom stocks are being buoyed by merger and acquisition news overseas, |
Telecom stocks are being buoyed by merger and acquisition news overseas. |
Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board. |
The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak. |
The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month. |
The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price, |
The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price. |
The market will stay in a trading range. The high oil prices and also the possible rate increase are pretty much priced in already. |
The market would have expected a placement at a bigger discount. |