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2009-1-7 12:07:00 p.m. HKT, XFNA
DJ MARKET TALK: Macau Plays Up; Outlook Cautiously Optimistic-CEF
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| 1155 [Dow Jones] Buying spree in Macau plays remains strong on hopes of relaxation of China visa policy. Value Convergence CEF's Louis Tse says Macau stocks likely to see more upside near-term, on expectations for more tourists coming to Macau during Chinese Lunar New Year; expects China will relax visa restrictions near-term. "The earnings outlook for the medium-to-long term for these companies is cautiously optimistic, while their current levels are still viewed as very attractive," says Tse. Galaxy (0027.HK) +22.0% at HK$1.72, Shun Tak (0242.HK) +12.0% at HK$2.81 and Amax (0959.HK) +9.4% at 25.5 HK cents.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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