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2009-4-7 02:34:00 p.m. HKT, XFNA
DJ MARKET TALK: JPMorgan Tips Wharf May Consider Raising Funds
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| 1428 [Dow Jones] JPMorgan tips fundraising for HK-listed companies likely to increase amid market's recent strong performance; notes historically property companies have been most aggressive in terms of fundraising. "We believe that those with more highly leveraged balance sheets are likely to raise funds," says JPMorgan. Tips Wharf (0004.HK) may consider raise funding given large capex commitments for China property and particularly after unit Harbour Centre's (0051.HK) recently announced rights issue. Keeps Wharf at Neutral. Stock down 3.6% at HK$21.15 midday, Harbour Centre +0.3% at HK$5.82.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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