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2009-7-3 11:58:00 a.m. HKT, XFNA
DJ MARKET TALK: HK Retailers Mixed;KE Prefers China Retail Plays
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| 1151 [Dow Jones] Mixed showing for HK retail stocks with changes small, volume tepid, mostly ignoring news HK retail sales by value down 6.2% in May vs 4.3% fall in April, as swine flu impact well flagged. Sa Sa (0178.HK) down 0.3% at HK$3.10, Chow Sang Sang (0116.HK) +0.9% at HK$5.90. Kim Eng notes this 4th consecutive month of HK retail sales decline, with near-term outlook remaining uncertain; house prefers China retail plays with "relatively stable sales growth fueled by domestic consumption." Some of Kim Eng's picks include Texwinca (0321.HK), Daphne International (0210.HK), NWDS China (0825.HK), Vinda International (3331.HK).(RLI) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(Delayed by 1 hour)
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