Investors are trying to stay away from hotel stocks because of emerging bird-flu cases. People will still try to avoid hotel stocks unless it is confirmed there won't be any more bird-flu outbreaks.
More Quotes from Kenny Tang:
It was a technical rebound, but the upside was limited as the market was still building momentum. Buying interest was still on Chinese stocks, as they looked more attractive with their earnings stories.Kenny Tang
Profit-taking dragged the index lower. But funds are still in Hong Kong and are helping support the index despite the pressure on stocks to trade lower after the weak showing of overseas markets.
Kenny Tang
Henderson Investment's net asset value should be worth more than HK20 and its units, Miramar Hotel and Hong Kong Ferry, still have room to develop.
Kenny Tang
China stocks outperformed the market, reflecting investors' confidence in these stocks and the prospects of China's economy.
Kenny Tang
The main contributor to the index was China Mobile. The strong sentiment for the stock spilled over to other blue chips and helped the index breach the 16,000 points level.
Kenny Tang
The market was consolidating after recent gains. Yue Yuen fell the most, following rumors of a share placement.
Kenny Tang
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