46 Quotes by Kenny Tang
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- Author Kenny Tang
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We're seeing some bargain hunting in China Mobile as some funds are switching from interest-rate sensitive stocks that have rallied to China shares.
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Sentiment was seriously affected by news of an increase in China's lending rates. This pulled down the property sector both in Hong Kong and on the mainland and also affected H-shares and red chips across the board.
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China stocks outperformed the market, reflecting investors' confidence in these stocks and the prospects of China's economy.
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Further consolidation in the index is likely before it moves any higher.
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Henderson Land should face great selling pressure and could fall below HK$38.
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Henderson Investment's net asset value should be worth more than HK$20 and its units, Miramar Hotel and Hong Kong Ferry, still have room to develop.
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I think the high growth potential in technology stocks is better than traditional stocks.
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Some hope the bank will serve as a catalyst for the index to breach the 16,000 point level when it announces results next Monday.
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Weakness in overseas and regional markets affected trading, dragging down blue chips and H shares early.
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