China Telecom Ltd (CHL) Message Board

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Strategies & Market Trends : China Telecom Ltd (CHL)

CHL 27.51

0.0%

Sep 27 5:00 PM EST

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To: Chunsheng Zhou who wrote (44)	12/17/1997 9:10:00 AM
From: Cymeed	Read Replies (1) of 149

According to Reuters, CHL traded up HK $0.80 to HK$13.55 per share last night in Hong Hong. This is equivalent to $35 for U.S. ADR, without any effects of premium or discount. Accompanied with share price rise was very heavy volume, 911 million shares changed hands while the whole HK market only traded 6,440 million shares. Whooo ! No wondr Goldman Sachs put CHL on their Asian Recommended List. But of course, CHL's future is depending on the healthiness of the HK stock market which might be on the rise, and more importantly over a long term, how the company execute their business and grab the tremendous growth opportunity in China.

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