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2009-7-6 11:12:00 a.m. HKT, XFNA
DJ MARKET TALK: Agile +1.8%; Home Sales Likely Robust - ICBCI
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| 1107 [Dow Jones] Agile (3383.HK) +1.8% at HK$11.20, but off its intraday high of HK$11.36, supported by strong home sales data. ICBC International's Ernie Hon says likely property sales for Agile to stay robust, with its Hainan project sales beating all expectations. But adds, this likely should have been priced in, with stock +172.3% year-to-date, vs China Overseas's (0688.HK) 65.9% rise over same period. Suggests selling stock into strength, expects consolidation ahead. China Overseas +2.1% at HK$68.00.(SUT) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(Delayed by 1 hour)
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