 |
|
  |
2009-6-19 12:19:00 p.m. HKT, XFNA
DJ MARKET TALK: Smooth Transition On Hang Seng Bank's New CFO-JPM
|
| |
| 1208 [Dow Jones] STOCK CALL: JPMorgan says Hang Sang Bank's (0011.HK) appointment of Andrew Leung to succeed Patrick Chan as CFO effective on July 2 should be a smooth transition. Notes Leung currently deputy general manager at BOC HK (2388.HK), but worked in Hang Seng Bank from 1997 to 2006, thus transition of responsibility is unlikely to cause any disruptions to bank's daily operations. Keeps Overweight with target price at HK$108.00. HSB shares +2.0% at HK$109.80, HSI +0.6%. (YKS) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(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 |
| |
|
|
|
