Softbank Investment International (HK0648) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Softbank Investment International (HK0648)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: early player who wrote (573)	3/20/2001 11:52:48 AM
From: ms.smartest.person	of 615

MARKET TALK-HK: HSBC Up 3.2% In New York note at the bottom. The questions is: Will they or won't they report. Do you remember last time they delayed and delayed - then finally reported and we soon found out Softbank had sold all their shares? 0822 [Dow Jones] HK SHARES OVERNIGHT: Shares fell in light London trading; U.K.-based HSI ended down 38 at 13419, hit by weakness in two of HK's heaviest weighted stocks; HSBC (0005) fell 25 cents to $92.75 as investors worried about its businesses in slowing U.S. economy and China Mobile (0941) fell 20 cents to $38.05. In New York, ADRs mostly rose; China Mobile up 1.7% at US$24.68 (equivalent to $38.50); China Unicom (0762) up 2.2% at US$12.77 (equivalent to $9.96); HSBC up 3.2% at US$60.90 (equivalent to $95); Cheung Kong (0001) up 4.4% at US$11.75 (equivalent to $91.64); Hutchison (0013) down 1.1% at US$54.25 (equivalent to $84.62); Pacific Century CyberWorks (0008) up 2% at US$5 (equivalent to $3.90); Sinopec (0386) up 3.5% at US$14.90 (equivalent to $1.16); CNOOC (0883) up 2.9% at US$16.25 (equivalent to $6.34).(IVW,SMG) 0816 [Dow Jones] Short-selling turnover up 8.2% at $210 million yesterday as market remained quiet and range bound; number of stocks shorted rose to 35 from 33. HSBC (0005) by far most shorted stock with $81.5 million worth of shares shorted, followed by Swire Pacific (0019), with $25.4 million. Recent favorites, telecom and property stocks, largely inactive; Cheung Kong (0001) with just $14 million most heavily shorted stock in these 2 sectors.(IVW) 0811 [Dow Jones] WALL STREET: Stocks stemmed slide on hopes Fed may take big swipe at lowering interest rates; economically-sensitive cyclicals and financials rose. DJIA gained 1.4% and Nasdaq 3.2%. Players expect at least 50bp (and some 75bp) rate cut by Fed, which meeting today. Some stocks managed to post gains in face of further profit weakness: optical fiber-maker Corning up although it cut 2001 forecasts. Lucent snapped back, up 20% on 3-year $5 billion contract to supply equipment to Verizon Wireless. Not so good for Intel, which shed 6.3% on comments from U.S. Bancorp Piper Jaffray; analyst Ashok Kumar says "full-fledged recession" in 2H01, across both commercial and consumer segments, will mean negative growth for PC sales in 2001. Solectron down 9% after-hours after contract manufacturer met 2Q expectations but added it'll come in light on 3Q and unveiled plans to cut more than 10% of staff.(RXM) 0800 [Dow Jones] OUTLOOK: Angang Newsteel (0347) to announce FY00 earnings; Hysan Development (0014) to announce FY00 results; Midland Realty (1200) to release FY00 earnings; Tsim Sha Tsui Properties (0247), Sino Land (0083) and Sino Hotels (1221) to release 1H01 results; Softbank Investment (0649) to announce 1H01 results.(STT) [Questions and comments please to Stephanie Tam at (852) 2832-2346 or stephanie.tam@dowjones.com. Currency amounts are in Hong Kong dollars and time is local Hong Kong time.] asia.biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next