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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off
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To: Jim Lou who wrote (72)10/30/1997 11:04:00 AM
From: Lee Hsu  Read Replies (1) of 257
 
To all:

BYH(325) on HK market soared on Thursday, just like all other red chips. It has gained back more than 40% in the last two days. However, BYH on NYSE did not have a matching rise, which suggest value is here in the US. Though HK market drops 4% today, only banks were hit hard, unlike several days before when almost every company is in red. I see this as a bottom in HK market. In addition, Chinese money is poured into HK to support red chips. Check this out. hkstandard.com. I think sit tight, the good time for BYH holder is coming. Other red chips I think as good buys include CHL, though I have not put any money in. CHL will get the most support from China.

lee
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