China Telecom is also being hurt by the agreement between the European Union and China on WTO, ... Under the agreement China has given further concessions on the telecom sector that will allow foreign players to come in and that will hurt the longer-term prospects of China Telecom.
More Quotes from Herbert Lau:
Shares are not doing too well across the board this morning,Herbert Lau
China A-share market just reopened and we've had a very strong rally, and some of the interest is beginning to spill over into H shares.
Herbert Lau
Cheung Kong is still experiencing pressure on the MSCI removal because fund managers still hold quite a big chunk of the stock so it will take time to offload,
Herbert Lau
Telecom stocks are being buoyed by merger and acquisition news overseas,
Herbert Lau
I expect the index to move sideways today as there's a bit of profit taking.
Herbert Lau
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Based on Topics: Agreements QuotesBased on Keywords: longer-term, telecom
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