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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: synchro who wrote (1178)	1/23/1998 5:14:00 AM
From: allen menglin chen	Read Replies (2) \| Respond to of 2951

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.

To: synchro who wrote (1178)	1/23/1998 5:17:00 AM
From: allen menglin chen	Respond to of 2951

HNP, HuangNeng Power has an introduction sale (instead of IPO) in HK last Wed. Based on NYSE HNP's closing price, the corresponding HK shares set a HK record--no trading on its first day!