Herbert Lau Quotes (19 Quotes)

Shares of Cheung Kong (Holdings) was up 4.56 percent at HK74.50. Cheung Kong is playing catch up with Hutchison, ... It's been a laggard over the past few weeks so investors are trying to narrow the gap with Hutchison.

The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.

China Telecom reflects market sentiment. A lot of foreign brokerages have issued pessimistic outlooks on the Hong Kong market in the near term and that is putting pressure on the market.

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.

It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,

Momentum in the two China telecom stocks is slowing because all the good news is in the price now, ... In the near term they will follow the trend in the telecom sector, where there is still some weakness.

Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market, ... The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.

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.

The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.

We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U. S. economic data tonight and an expected interest rate hike tomorrow.

Shares are not doing too well across the board this morning,

The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price,

Telecom stocks are being buoyed by merger and acquisition news overseas,

Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates.

We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.

People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be.

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,

CW is not desperate to raise funds so I don't think they will want to unload PCCW at such a depressed price,

I expect the index to move sideways today as there's a bit of profit taking.