 |
|
  |
2004-11-25 11:18:00 a.m. HKT, XFNA
STOCK ALERT - HK-listed Macau-theme stocks sharply higher in speculative trade
|
| |
HONG KONG (XFN-ASIA) - Hong Kong-listed Macau-theme stocks were sharply
higher on speculation of gains from projects proposed to be undertaken in the
former Portuguese enclave, dealers said.
Companies with proposed or existing projects in Macau were among the top
gainers in early morning trade.
Melco International Melco International Development was up 1.70 hkd or 17.
26 pct at 11.55 with 21.56 mln shares changing hands.
Yau Lee Holdings gained 0.10 hkd or 17.24 pct to 0.68, while DNA Security
(1051.hk) was up 0.012 hkd or 16.90 pct at 0.083.
""Many investors have unreasonable expectations of gains from companies
with projects, proposed or existing, in Macau. There are those who hardly
bother scrutinizing details of the financials and proposed projects of
companies with Macau development plans,"" said Francis Lun, general manager at
Fulbright Securities.
He said Melco International stands out among Macau-theme stocks because
its chairman, Stanley Ho, has extensive gaming businesses in Macau.
(1 usd = 7.8 hkd)
jun.concepcion@xfn.com
jc/swp
MMMM
AFN |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
