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Strategies & Market Trends : China Telecom Ltd (CHL) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (114)	12/22/1998 11:01:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 149

Paul: From Dow Jones Newswire: " HONG KONG -- Confirming market rumors that pummeled its shares Tuesday, China Telecommunications (Hong Kong) Ltd. (CHL) said it will see revenue contributions from a key market in Guangdong province slashed from the start of next year. ... ... ..." The article in IBD was very positive, but that was before today's news. Julius

To: Paul Shread who wrote (114)	12/22/1998 11:03:00 AM
From: RealMuLan	Respond to of 149

<<China Telecom pushed the market lower, dropping HK$0.75 to HK$14.15 and accounting for more than half of the Hang Seng Index points loss. Brokers said newspaper reports that the company was under pressure to cut its monthly mobile telephone subscription fees in Guangdong province by 50 percent tripped up the share price. An imminent cut in mobile telecommunications tariffs in southern China would lead to an annual loss of about 1.7 billion yuan for China Telecom in tariff income, the Hong Kong Economic Times said on Tuesday.>> biz.yahoo.com