 |
|
  |
2009-5-20 03:34:00 p.m. HKT, XFNA
DJ MARKET TALK: HSB Down 2.5%; Reentry Level At Below HK$90 - DBS
|
| |
| 1525 [Dow Jones] Hang Seng Bank (0011.HK) down 2.5% at HK$98.20, underperforming vs most other HK-based banks, likely due to profit-taking after stock's recent strong gains, says Peter Lai at DBS. Stock +16.3% month-to-date, vs BOC HK's (2388.HK) 1.1% gain. Suggests reentry level at below HK$90.00, as current level a bit pricey. Some HK banking stocks higher, with Chong Hing Bank (1111.HK) +0.5% at HK$12.76, Dah Sing Financial (0440.HK) +3.4% at HK$28.60, likely due to rotational interest on catch-up play, he adds.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=NhwuopvAd7kMEIhzm4B3dA%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
