Shares are not doing too well across the board this morning,
More Quotes from Herbert Lau:
China Telecom reflects market sentiment. A lot of foreign brokerages have issued pessimistic outlooks on the Hong Kong market in the near term and that is putting pressure on the market.Herbert Lau
Telecom stocks are being buoyed by merger and acquisition news overseas,
Herbert Lau
People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be.
Herbert Lau
The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price,
Herbert Lau
China A-share market just reopened and we've had a very strong rally, and some of the interest is beginning to spill over into H shares.
Herbert Lau
CW is not desperate to raise funds so I don't think they will want to unload PCCW at such a depressed price,
Herbert Lau
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