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


To: allen menglin chen who wrote (1413)3/16/1998 11:20:00 PM
From: ----------  Read Replies (1) | Respond to of 2951
 
hmmm? The first 9 H shares? I'll have to research that. I'd be willing
to bet a cup of coffee that 267 is one of them. (Notice that the size
of my wager reflects my confidence. <g>)

Earnings season is approaching. Some time ago I read in the SCMP
that the chief of China Everbright had declared that profits would
show a "10 fold increase" this year over last year. Other company
officials were quick to add that those numbers were preliminary
and unaudited. To their credit, the South China Morning Post (SCMP)
pointed out that there are three Different China Everbright companies
traded, and which one would show the profit, if it exists after audit,
was not disclosed.

Regarding "inside information", IMO, the HKSFC does an admirable job
of keeping the HK market one of the fairest for the small investor
of any market in the world. I have been told "inside information"
3 times in my life. On one occaision, I found the information had
been published in the paper two days prior to my hearing about it.
On the other two, the information was SO FAR INSIDE it turned out
the company didn't even know about it! <bg>
It has been my experience that those that brag about having inside information know full well they do not. If they did and said so
publicly, it would be no different than buying a big sign that said
"arrest me" and wearing it around town.

Best Regards,
Doug



To: allen menglin chen who wrote (1413)3/17/1998 10:10:00 PM
From: ----------  Respond to of 2951
 
Here are the current H shares. I do not know which were the first 9.
Glad I only bet a cup of coffee, 267 isn't one of them.

Doug

38 FRISTTRACTOR
42 NORTHEAST E.
161 CATIC SHENZH
168 TSINGTAO BRE
177 JIANGSU EXP.
187 BEIREN PRINT
300 KUNMING MACH
317 GUANGZHOU SH
323 MAANSHAN IR
325 YANHUA
338 SHANGHAI PEC
347 SHAGANG NEWS
350 JW TEXTILE
358 JG COPPER
368 JILIN CHEM.
525 GUANGSHEN RA
548 SHENZHENEXPR
553 NANJINGPANDA
576 ZHEJIANGEXPE
588 BJ N STAR
670 CHI EAST AIR
719 SHANDONG XIN
921 GD KELON
991 BJ DATANG
995 ANHUIEX WAY
1033 YIZHENG CHEM
1055 CHISOUTH AIR
1065 TIANJIN BOHA
1072 DONGFANG ELE
1108 LUOYANG GLAS
1122 QINLING MOTO
1128 ZHENHAI REFI
1133 HARBIN POWER
1138 CHINA SHIP D
1202 CHENGDU TEL.