21 Quotes by Peter Lai

There are some bargain hunting at lows for blue chips but I think the market is likely to move within a range of 15,100 and 15,700 points.

Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some traders cautious.

China stocks are always risky. Many funds sold off the stocks after recent sharp gains, which drove down the stocks. I expect to see further correction in China stocks.

China is expected to take some macroeconomic measures as fixed asset investments there are forecast to grow sharply this year.

HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts.

Hutchison is a conglomerate, and the expected healthy economic outlook in the coming quarter helped.

Hutchison has risen more than HK$10 this week so at this level it will see some profit taking.

The properties (sector) will benefit from the government's move to extend the limit for the salaries tax reduction for home loans to 10 years from seven years currently.

Wall Street fell Friday and prompted some investors to take profits. Sentiment was also weighed down by concerns about further rate increases.