Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (25355)	12/2/1998 2:02:00 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

<Good to hear you think HK is turning the corner. Do you think there is still a chance that they could go back to the sub 7500 level in the future?> Joe, it's totally possible that HK will go back to 7500 level. Eventhough the whole of Asia is showing some sign of bottoming out due to the US interest rate cuts, they were mostly officially in recessions and nobody can tell how long they will stay that way - maybe for years to come. As for HK, its assets valuation is still extremely high, for example its pay rates, housing prices, and rental rates are still among the highest in the world. I think HK will see another round of asset depreciation before next year ends mainly due to its stubborn adherence to the fixed exchange rate. My observation of China is that it's way overbuilt and report is that 66% of its mushrooming western style shopping malls are losing money. Mang