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CHL is the lone survivor of China ADRs, (plus HNP, the other half survivor), check CEA, JCC, ZNH, SHI, GSH, SH, BYH and many others, they are down about 50-70% from their high in late Aug--all of them have majority of its business in PRC! BTW CHL will have options in US very soon. CHL should run wild by that time! I cannot believe that with the records of these ADRs, CHL can have option! The CHL earnings is no so good. But many big institutions in HK and US is holding CHL, it won't go down much; and CHL will be part of HSI by next month, so it could go up a bit. |
