46 Quotes by Kenny Tang
- Author Kenny Tang
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Profit-taking dragged the index lower. But funds are still in Hong Kong and are helping support the index despite the pressure on stocks to trade lower after the weak showing of overseas markets.
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- Author Kenny Tang
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The move came as a surprise to the market. I believe that China wants to send a strong signal that it is serious in keeping economic growth in check.
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Oil and gold prices will remain high in coming months. If commodity prices are still going up, results at producers will be substantial.
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Despite the rise, there was consolidation and profit-taking after an eight-day surge.
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The upside should be sustainable due to its attractive yield.
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There wasn't much buying interest at all today despite the slight gains. The market is still cautious about the outlook for interest rates.
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It was a technical rebound, but the upside was limited as the market was still building momentum. Buying interest was still on Chinese stocks, as they looked more attractive with their earnings stories.
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They will be trying to identify companies that are trading at sizable discounts to their net asset value, and many of these will be property companies.
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The new accounting standards won't significantly affect Cheung Kong's underlying profit until the second half when both rental income and the value of its investment properties are expected to continue to rise.
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