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2009-6-25 03:22:00 p.m. HKT, XFNA
DJ MARKET TALK: Sa Sa +3.0% Post-Results; More S/T Upside Likely
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| 1508 [Dow Jones] Sa Sa (0178.HK) +3.0% at HK$2.74 vs HK$2.70 midday after FY results, dividend top view. To gauge short-term upside, can look at VTech (0303.HK) as recent example, with similarities in decent dividend yield, net cash position, quality management, solid track record. VTech up nearly 30% since FY results out June 15; stock now +0.8% at HK$52.55, still offering 7.9% dividend yield. If assuming Sa Sa investors willing to take similar yield, stock can trade up to HK$2.91 level, near year-to-date high of HK$3.00 hit twice May 29, June 1. Sa Sa Volume surges to HK$12.3 million vs HK$5.1 million all of yesterday.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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