Yahoo Asia MARKET TALK-HK: PCCW headlines
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MARKET TALK-HK: Short Selling Up 68%, Led By HSBC
1357 [Dow Jones] Short-selling turnover totaled $122 million by midday, up 68% from yesterday; number of stocks shorted also up to 23 from 18. HSBC (0005) leads with $33.9 million or 31,600 shares shorted; traders may be doing relative value trades as they believe HSBC having outperformed HSI when market fell, likely to underperform during rebound. Pacific Century CyberWorks (0008) has $29.1 million or 4.5 million shares shorted; turnover highest since Monday as shorters take advantage of rebound to add on new positions.(IVW)
- Oct 20 1:59 PM SGT
MARKET TALK-HK: PCCW Up 3.2%; Range-Bound Trading
1144 [Dow Jones] Pacific Century CyberWorks (0008) rebounds, up 3.2% at $6.45 on strong turnover worth $598.8 million, keeping track with broad market rally. Buying through diverse brokers betting on shares to stabilize above short-term support at $6 after holding up quite firmly in recent sessions. However, traders expect cautious trading will keep CyberWorks in range-bound trading today.(STT)
- Oct 20 11:45 AM SGT
MARKET TALK-HK: PCCW Call Wts Safe Play In Rebound
1101 [Dow Jones] Pacific Century CyberWorks (0008) up 4.8% at $6.55 as TMT stocks overseas rebounded strongly. Traders believe negative sentiment on PCCW still remains, hence suggest call warrants for day traders who want to participate in rebound; warrants which are liquid and with higher strike prices preferable because initial outlay or exposure smaller. Recommend CL-PCCW EC0104 (2105), up 19.3% at 6.8 cents, LB-PCCW EC0105 (2108), up 8.3% at 10.5 cents, and SG-PCCW EC0105 (2112), up 15.2% at 10.6 cents.(IVW)
- Oct 20 11:02 AM SGT
MARKET TALK-HK: CyberWorks To Rebound 3%-5%?
0940 [Dow Jones] Pacific Century CyberWorks (0008) likely to rise about 3%-5%, buoyed by overnight gains on Wall Street, says trader at ABN Amro. Says late buying which emerged in counter yesterday keeping track with HSI's rebound signals there may be some follow-through buying today; says it will be encouraging to see if midday short-selling remains low amid expected gain in shares. CyberWorks ADRs rose 6.3% to $6.58 overnight vs HK close at $6.25.(STT)
- Oct 20 9:41 AM SGT
MARKET TALK-HK: CyberWorks' Li Planning Share Buyback?
0832 [Dow Jones] Amid continued weakness in Pacific Century CyberWorks (0008) shares, company's chairman Richard Li may be seeking personal financing from banks to up his stake in company, says South China Morning Post quoting "informed sources". However, report very sketchy and market has been expecting buyback by Li since September when he said he's contemplating repurchase. Traders say news unlikely to prop up shares but CyberWorks may rebound slightly after sentiment in CyberWorks improved late yesterday and expected strong performance by HSI on heels of Nasdaq's stellar gains overnight. CyberWorks down 1.6% at $6.25 on strong turnover worth $1.26 billion yesterday.(STT)
- Oct 20 8:33 AM SGT
MARKET TALK-HK: Short Selling Down Sharply
0820 [Dow Jones] Short-selling turnover totaled $182 million yesterday, down 26.7% from Wednesday; number of stocks shorted also fell to 22 from 29. Legend (0992) led with $48.3 million or 8.8 million shares shorted amid expectations of continued weakness in tech sector; Legend one of most popular mainland tech plays among investors. Other active counters include Hutchison Whampoa (0013) with $20.7 million or 224,000 shares shorted, Pacific Century CyberWorks (0008) with $15.5 million or 2.6 million shares shorted, and China Mobile (0941) with $15.2 million or 310,000 shares shorted; all victims of negative sentiment towards telecom stocks worldwide.(IVW)
- Oct 20 8:21 AM SGT
MARKET TALK-HK: China Mobile Up 10.2% In New York
0809 [Dow Jones] HK SHARES OVERNIGHT: Shares fell slightly in London trading; U.K. based HSI down 28.9 points at 14393.62. However in New York, ADRs mostly rose on strong rises in U.S. markets. China Mobile (0941) up 10.2% at US$33.88 (equivalent to HK$52.84); China Unicom (0762) up 8% at US$21.06 (equivalent to HK$16.42); HSBC (0005) up 2.1% at US$69.25 (equivalent to HK$108); Cheung Kong (0001) up 4.7% at US$11.25 (equivalent to HK$87.72); Hutchison (0013) up 7.6% at US$60.50 (equivalent to HK$94.35); Pacific Century CyberWorks (0008) up 6.3% at US$8.44 (equivalent to HK$6.58); Sinopec (0386) down 2.7% at US$20.19 (equivalent to HK$1.57).(SMG,IVW)
- Oct 20 8:11 AM SGT
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MARKET TALK-HK: HSI Rebounds On Bargain Hunting
1614 [Dow Jones] HSI ends down only 0.3% at 14423 vs intraday low of 14107. Bargain hunters snapped up blue chips after week-long decline. Hutchison Whampoa (0013) roars back, up 3.1% at $93, after losing 5% yesterday on general telecom weakness and news company won't partner Holland's KPN to bid for Belgium's 3G license. China Mobile (0941) also up 1.4% at $49.70, and even Pacific Century CyberWorks (0008), down sharply by short selling recently, end down only 1.6% at $6.25.(IVW)
- Oct 19 4:13 PM SGT |
