Momentum in the two China telecom stocks is slowing because all the good news is in the price now, ... In the near term they will follow the trend in the telecom sector, where there is still some weakness.
More Quotes from 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
Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates.
Herbert Lau
The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.
Herbert Lau
It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,
Herbert Lau
We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U. S. economic data tonight and an expected interest rate hike tomorrow.
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
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesI felt really sorry for Oliver Kahn. Up to that point he had made lots of saves for the German team. Of course he could have caught the ball but it just happened. It was bad luck. In that situation, you need to be very strong psychologically to carry on.
Angela Merkel
I'm not a guy who takes films for strong political messages.
Ewan McGregor
There are only two kinds of men; the dead and the deadly.
Helen Rowland