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2009-5-19 03:28:00 p.m. HKT, XFNA
DJ MARKET TALK: CIMB Tips Small Caps Yips, China Metal, Lung Kee
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| 1518 [Dow Jones] CIMB adds Yip's Chemical (0408.HK), China Metal (0319.HK), Lung Kee (0255.HK) to small cap monitor; says these companies once heavily relied on overseas markets but switching emphasis to domestic market, should ride on improvement in manufacturing activities, led by Chinese government's stimulus packages. Says now sees more evidence of recovery of China manufacturing sector, with both PMI, export figures picking up on monthly basis in April. Expects these companies to ride through tough times given "solid finances, stringent cost controls, stable clientele and strong cash generating ability." Lung Kee best performing today, +7.3% at HK$3.09.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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