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Strategies & Market Trends : HONG KONG

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To: Tom who wrote (1307)	2/3/1998 2:48:00 AM
From: Tom	Read Replies (1) of 2951

There's one I missed. Sg's CityDev up over 40% yesterday. I knew.... Many analysts have been on the downside of prospects for the Singapore economy, saying the highly contolled administration of the economy portends no good. (humph) Not as long as Mr. Lee's alive. Recall SM Lee stating after a visit to Hong Kong several months ago that there was a "buzz" in Hong Kong that Singapore just didn't have. I didn't think that was just a passive comment. Some wheels were undoubtedly set in motion. Mr. Lee knows there is a problem in Singapore and the Singaporeans will not just be sitting on their hands while the problem remains. I can't help it folks. Mr. Lee doesn't mince words. He lays it all out in plain English. He's also a fair master of metaphor. I enjoy seeing what he has to say. And, what he has to say is often very relevant. Remember the comments from Morgan Stanley's Barton Bigg's about the extreme "arrogance" of SEAsian leaders? So what! (That felT good. Permit me...just one more time.) SO WHAT! I should have known that one of the biggest and best companies in Singapore would not stay that low for long, property-related or not. Oh well,....

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