Beijing YanHua Petrochemical (BYH) Taking Off Message Board

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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off

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To: Julius Wong who wrote (225)	6/22/1999 7:34:00 AM
From: Julius Wong	Read Replies (1) of 257

[The Wall Street Journal Interactive Edition] June 22, 1999 Dow Jones Newswires HK Hot Stks: Wharf Holdings +4%, Petrochemical Shrs Gain HONG KONG -- Shares in the following companies are active on the Hong Kong stock exchange Tuesday. Prices are quoted at 0751 GMT (3:51 a.m. EDT). ... ... ... ... Shanghai Petrochemical Co. (SHI): Up 12%, or 20 HK cents, to HK$1.81 on volume worth HK$96.9 million. Traders said foreign fund managers have started buying petrochemical stocks recently on expectations of a recovery in the sector in China this year. Beijing Yanhua Petrochemical Co. (BYH): Up 7.6%, or 12 HK cents, to HK$1.69 on volume of HK$59 million. Investors are buying the stock also due to the sector's changing fundamental outlook. Rachael Tsang, analyst at Vickers Ballas Hong Kong Ltd., said she expects the listed petrochemical companies in China will report robust earnings in the first half. -By Cathy Chan;852-2832-2332 -------------------------------------------------------------------- URL for this Article: interactive.wsj.com -------------------------------------------------------------------- Copyright © 1999 Dow Jones & Company, Inc. All Rights Reserved.

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