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2009-4-2 03:02:00 p.m. HKT, XFNA
DJ MARKET TALK:H-Shrs +5.5%;43 Members All Up;Fundamentals Matter
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| 1453 [Dow Jones] H-share index +5.5% at 8,522.43 tracking broad market rally. Strength broad-based with 43 index members all higher; Beijing Airport (0694.HK), China Cosco (1919.HK), PICC (2328.HK), R&F Properties (2777.HK) each up at least 10%. While short-term rally likely to make everyone happy with every sector bid up, there are fundamental issued to be noted; HSBC highlights H-share companies that could potentially miss or beat 1Q09 consensus by large margin; tips Air China (0753.HK), ZTE (0763.HK), Shanghai Electric (2727.HK), Huadian Power (1071.HK), Sinopec (0386.HK) "could surprise on the upside," while coal, steel, aluminum, smaller banks on downside. Air China +7.9% at HK$3.00, adding to 11.2% rally yesterday on Goldman Sachs upgrade.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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