George Chan Investors Quotations

Japan is closed today so the market is taking the U.S. as a reference. But there's not much activity because investors are taking a wait-and-see strategy ahead of Greenspan's speech.

Investors have discounted the China Unicom share price. China Telecom is oversold so it is attracting some buying but market sentiment is weak so it may not hold up.

Investors are very cautious about PCCW, they want more news on Telstra. But I think the stock will hold at current levels for the time being.

Investors are quite bullish on Hutchison and Cheung Kong and the role they will have in the Vodafone and Mannesmann deal.

The market's a bit higher on China Telecom again because investors are quite bullish on the acquisition but I doubt the market will continue to rise because many people are sidelined, awaiting the FOMC decision.