Kenny Tang Investors Quotations

While overall sentiment is positive and fund flow remains strong, the sharp rise in oil prices overnight and interest rate fears gave investors an excuse to sell.

Investors are trying to stay away from hotel stocks because of emerging bird-flu cases. People will still try to avoid hotel stocks unless it is confirmed there won't be any more bird-flu outbreaks.

Investors are buying property shares ahead of results. Most expect the results to be strong on the back of contributions from new (property) developments which should have contributed to earnings in the six months to December.

Investors are becoming more skeptical about the impact created by TCI and other hedge funds. They realize the shares could rise quickly in anticipation that the hedge funds might increase their holdings, but they are also wary of the potential for sharp falls when these hedge funds exit the market.

Investors were active in buying properties after recent correction. Buying interest in China-related stocks was also very strong.

Investors remain bullish about the local market. Most funds are keeping positions here, with some adding major stocks to their portfolios including HSBC and Cheung Kong.

The market was in the midst of a mild correction after recent rally as investors took profits ahead of the upcoming Easter holiday.

The market has widely digested trading leads that indicate further interest rate hikes will be needed and thus, investors were not very sensitive to that.