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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1967)10/4/2001 10:45:09 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
Lehman: lack of debt slashing, HK faces higher risk
News@InfocastFN.com
2001/09/21 18:42

(Infocast News) Dalip Awasthi, Head of Asian Credit Research of Lehman Brothers, said that as Hong Kong companies raised capital to development new businesses instead of slashing debts during economic recovery as practised by companies in other Asian countries, Hong Kong companies will face higher risks, leverage and capital cost if the economy eases significantly.

However, he said that certain companies in Hong Kong are better than companies in other Asian nations in that they have diversified operations that can lower the risks and generate abundant liquidity.

He said that Hutchison Whampoa (0013) has diversified business, prudent investment attitude and healthy balance. On PCCW-HKT Telephone's intention to issue bonds, he said that the PCCW (0008) subsidiary is capable of issuing 10-year bonds as it has stable income and abundant liquidity.

infocastfn.com
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