Cheung Kong is still experiencing pressure on the MSCI removal because fund managers still hold quite a big chunk of the stock so it will take time to offload,
More Quotes from 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 is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.
Herbert Lau
Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market, ... The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.
Herbert Lau
Shares of Cheung Kong (Holdings) was up 4.56 percent at HK74.50. Cheung Kong is playing catch up with Hutchison, ... It's been a laggard over the past few weeks so investors are trying to narrow the gap with Hutchison.
Herbert Lau
China Telecom is also being hurt by the agreement between the European Union and China on WTO, ... Under the agreement China has given further concessions on the telecom sector that will allow foreign players to come in and that will hurt the longer-term prospects of China Telecom.
Herbert Lau
I expect the index to move sideways today as there's a bit of profit taking.
Herbert Lau
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Based on Keywords: cheung, msci, offloadEverything will pass, and the world will perish but the Ninth Symphony will remain.
Mikhail Bakunin
The man who has his millions will want everything he can lay his hands on and then raise his voice against the poor devil who wants ten cents more a day.
Samuel Gompers
Life is pain, highness. Anyone who tells you differently is selling something.
William Goldman