Peter Lai Hing-ling, JP was Secretary for Security of Hong Kong from 1995 to 1998, spanning the Handover of Hong Kong... (wikipedia)
There are some bargain hunting at lows for blue chips but I think the market is likely to move within a range of 15,100 and 15,700 points.
Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some traders cautious.
China stocks are always risky. Many funds sold off the stocks after recent sharp gains, which drove down the stocks. I expect to see further correction in China stocks.
China is expected to take some macroeconomic measures as fixed asset investments there are forecast to grow sharply this year.
HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts.
Hutchison is a conglomerate, and the expected healthy economic outlook in the coming quarter helped.
Hutchison has risen more than HK$10 this week so at this level it will see some profit taking.
The properties (sector) will benefit from the government's move to extend the limit for the salaries tax reduction for home loans to 10 years from seven years currently.
Wall Street fell Friday and prompted some investors to take profits. Sentiment was also weighed down by concerns about further rate increases.
We will look into the range of problems of the lawful and unlawful migration of mainland people. We will, of course give top priority to the problem of migrant children. It has become very serious.
You have to talk about the culture before you can talk about business.
Commodity stocks were dragged down by profit-taking after sharp gains last week.
Continued fund flow into Hong Kong and positive market performance overseas helped support gains in the market.
The strong fund flow supported gains in the market. Investors were buying property stocks following recent weakness in the sector due to concerns over interest rates.
Rate-sensitive property and banking stocks continued to support the market in early trade but the gains failed to sustain as investors took profits after recent rallies.
The move by the consumer group is unlikely to affect Hutchison's timetable for the IPO of its Italian unit, but it has affected investor sentiment somewhat.
The auction results are likely to be neutral but if the site in Repulse Bay could be sold at a good price it should give property stocks a boost.
The new PCCW shares are right now being sold in the market. Some Cable and Wireless shareholders have decided not to hold PCCW shares.
Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips.
The market was relatively quiet today, with HSBC among the gainers, which helped pull the index out of negative territory.
The market has been listless due to a lack of direction. Inflation fears still exist in the market where there's a lack of interest.