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To: Dale Baker who wrote (8170)	6/30/1999 1:58:00 AM
From: Richard Tsang	Respond to of 118717

China South is the largest of the Chinese airlines, enjoying more than 25% share of the domestic market and reportedly reached cooperation line-up with Delta, which has improved their bookings to 85% for flights thru LA as gateway. I do not have any idea how to value airline companies and compare with other airlines, but believe if the domestic price war cools off, they will turn in profit and that will drive up the stock price. At time of writing it closed unchanged for the morning session in HK at HK$1.99 after a 12% rise yesterday. FWIW.