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2009-6-19 03:29:00 p.m. HKT, XFNA
DJ MARKET TALK: Macau Plays Up;But Not Highly Recommended-Redford
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| 1516 [Dow Jones] Macau plays higher, mostly outperforming vs HSI's 0.7% rise, amid optimism in runup to Macau chief executive election scheduled July 26, on hopes China may relax its visa policy so more mainland visitors can go to Macau, says Redford's Kenny Tang. "Nothing has happened yet, but investors tend to move ahead of news," he says. Tips more speculative interest, but sector not highly recommended, or is only for those who can bear with higher volatility. Within sector, Melco (0200.HK) +6.4% at HK$4.82, SJM (0880.HK) +2.4% at HK$2.95, Galaxy (0027.HK) +0.9% at HK$2.14, Shun Tak (0242.HK) +3.9% at HK$5.05.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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