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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: John McDonald who started this subject7/8/2000 9:15:54 PM
From: ms.smartest.person  Read Replies (1) of 4541
 
Brokerage: Typhoon Eight Research Website: www.t8research.com
Report Title: Daily Commentary Report Issued: July 7, 2000

Source : The Chinese Press Digest

(1186) PACIFIC CENTURY CYBERWORKS (HK$13.85, DOWN HK$0.50): SHARES DOWN FOR SIXTH CONSECUTIVE DAY

IMPACT: INSIGNIFICANT
ACTION: BUY
PRICE TARGET: 20
ANALYST: LACHLAN CHRISTIE, CFA
EMAIL: info@t8research.com
TEL: +852 2801 7871
COMMENT: SOLD DOWN OF DEUTSCHE FEARS WHICH ARE UNFOUNDED

Weighed down by concern that the merger with Cable & Wireless HKT [8] may be a non-profitable move, shares of both Pacific Century CyberWorks [1186] and Cable & Wireless HKT have declined in each of the past six trading days.

Pacific Century CyberWorks shares fell 3.5 per cent yesterday to close at HK$ 13.85 for a loss of 23 per cent over the year to date. Cable & Wireless HKT was down 1.3 per cent yesterday to close at HK$ 16.35 for a loss of 25 per cent over the year to date.
(Hong Kong Economic Journal, p.3)

eng.stockhouse.com.hk
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