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2009-4-7 09:28:00 a.m. HKT, XFNA
DJ MARKET TALK: UOB KayHian Tips China Laggards For Chasing
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| 0921 [Dow Jones] For investors convinced of more short-term market upside and wanting to chase laggards among China plays, UOB KayHian says mainland property stocks led in recent rally, while telecoms, IPPs, construction plays laggards. Given recent sharp rally, "chances are high that we may see a pullback in the near term," but also expects some rotational buying into laggards. Tips top laggard picks as China Mobile (0941.HK), Datang Power (0991.HK), China Railway Group (0390.HK), PetroChina (0857.HK). China Mobile +2.5% at HK$70.20 yesterday, +11.4% vs March 9 close vs HSI +32.2% during same period.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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