PCCW - HONG KONG INFORMATIONS BY DR. TRUST - 500 Beiträge pro Seite

[Dr. Trust]

* There is a huge amount of capital staying in Hong Kong. The outstanding
amount in the local banking system increases to HK$7 billion today. We do
not rule out that part of capital is come from Asian countries due to Y2K
issue. The subsequent capital inflow into Hong Kong should help the local
interbank rates stay at a low level, reducing the probability for the HKAB
to raise the interest rates in the near term. If part of the capital flows
into the stock market, it will give a support to the local stock market.
* Last Friday, the HSI surpassed the historical record of 16,820 made in
1997 and finished at 16,833.28. An upside of the local stock market is
expected. An initial resistance is expected at 17,000. If the HSI can breach
and sustain on above 17,000, further upside of the market is expected with
an objective at a range between 17,300 and 17,500. On the supporting side,
it should be expected at 16,600/700. Among blue chips, we prefer the heavy
weighted HSI constituents such as (005) HSBC Holdings Plc, (013) Hutchison
Whampoa and (941) China Telecom (Hong Kong). China Telecom (Hong Kong) rose
to a record and finished at HK$45.20, a rise of HK$3.20 compared with
Thursday`s closing price. Our short-term target price for China Telecom
(Hong Kong) is HK$50.00, representing a potential upside of 10.62 percent
compared with the current trading price of HK$45.20. We recommend buying
China Telecom (Hong Kong). On the other hand, HSBC Holdings Plc is also our
favorite. HSBC Holdings Plc is likely to finish its consolidation phase. Our
short-term target price for HSBC Holdings Plc is HK$115, representing a
potential upside of 6.48 percent compared with the current trading price of
HK$108.00. Furthermore, our short-term target for Hutchison Whampoa is
HK$120, representing a potential upside of 5.72 percent compared with the
current trading price of HK$113.50.
* The subsequent gain of the Nasdaq Composite index is expected to send a
boost to the local technology shares. Last week, (1186) Pacific Century
Cyberworks surged 83.3 percent to HK$15.95 on expectation that Hutchison
Whampoa will form a joint venture with PCC to develop Internet-related
business. Meanwhile, the surge of the CMGI and its share price in the OTC of
U.S. also sent a boost to the Pacific Century Cyberworks Limited. We expect
that the Pacific Century Cyberworks will enter into a consolidation phase
this week. Pacific Century Cyberworks is expected to go upside later after a
consolidation phase. We raise our 3-month target price to HK$20.00,
representing a potential upside of 25.39 percent compared with the current
price of HK$15.95.
* The surge of Pacific Century Cyberworks is expected to send a boost to
(383) China Online Holdings Limited as China Online Holdings is holding 200
million shares of Pacific Century Cyberworks. The market value of its
holding Pacific Century Cyberworks is around HK$3.2 billion. Meanwhile, we
project that China Online is holding a cash pile of HK$400 million and
HK$500 million. The net asset value per share of China Online Holdings is
over HK40 cents. China Online is trading at 29 percent discount to its net
asset value. If Pacific Centuryr Cyberworks continues to go upside, the net
asset value of China Online Holdings will be increased. Our 1-month target
price for China Online Holdings Limited is HK$0.35, representing a potential
upside of 14.75 percent compared with the current trading price of HK30.5
cents. We recommend buying China Online Holdings Limited at HK30 cents.

Technical Outlook
* The technical outlook is positive. The HSI breaches the historical record
made in 1997 and sustains on above 10-days M.A. of 16,189, the 20-days M.A.
of 16,028, the 50-days M.A. of 14,682, the 100-days M.A. of 13,938 and the
250-days M.A. of 12,623, sending a positive signal to the market. An initial
resistance is expected at 17,000. If the HSI bounces and sustains on above
17,000, further upside of the market is expected with an objective at
17,200/300. On the supporting side, it is expected to 16,600/700. On the
Relative Strength Index (RSI), the 9-days RSI of 73.41 and the 14-days RSI
of 71.43 bounce on above 50, indicating that the market returns to the
strength territory.


Dr. Trust Informations

[Alec]

Yo, information by Dr. Trust oder jemand der die homepage von Kingsway gefunden hat. Das wolltest Du doch nicht als auf Deinen eigenen Mist gewachsen verkaufen?

[delano]

Ich finde es nur fair wenn doch bitte JEDER VON UNS "Originaltext"
nur mit Quellenangaben postet : Von WANN und von WEM - schlieschlich
befinden wir uns auf dem Internet und nicht im Herrenclub!

ciao
delano