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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (1784)	8/7/2001 11:41:28 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

UBA Inv (0768) not to sell PCCW shr at low prc 2001/07/31 12:21 (Infocast News) George Li, Executive Director of UBA Investments Limited (0768), said after the general meeting today that the company sank to red last fiscal year mainly because of the disappointing performance of its investment portfolio. He said the plunge of the securities price from the peak marked in the previous year hurt the results of the company. The company holds 1 million shares of PCCW (0008). He said that as the company eye on medium to long term investment, it does not intend to sell the PCCW shares at the current low price level. According to his estimation, local stock market will still be affected by the US market in the second half of the year, and that as some companies' interim results are so-so, the Hang Seng Index will continue to stay at low levels but find support at 12000. The index is unlikely to upturn before the first quarter next year. However, the company has not current plan to diversify investment to overseas market because it is not familiar with overseas markets. infocastfn.com