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

To: ---------- who wrote (1374)3/5/1998 11:27:00 PM
From: Tom  Read Replies (1) | Respond to of 2951
 
Doug: I may have posted this a while back. Can't recall.

Hang Seng Bank use to drive analysts and some fund managers cuckoo when their earnings would come out beyond expectations. Especially the ones who weren't weighted well enough to enjoy a quick rise in the share price.

They always had that rabbit in a hat somewhere, and pulled it out on more than one occasion. But, one could never plan on them going to the well in every instance. I use to laugh like crazy reading the financials after they reported such earnings.

Yep, drive them absolutely gah-gah.

(lol) I gotta go.



To: ---------- who wrote (1374)3/5/1998 11:51:00 PM
From: allen menglin chen  Read Replies (1) | Respond to of 2951
 
Thanks, Doug. Your comments about HK banks is really helpful. W/o you the thread is quite quiet. Both HK and China will not lower their prime rate soon. HK would wait at least couple more weeks, and China a few more months, around June. I hope HSI could find support at 10,800 at this down turn. So far so good today. HSI up a few points at noon break.


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