Kenny Tang Quotations

We're seeing some bargain hunting in China Mobile as some funds are switching from interest-rate sensitive stocks that have rallied to China shares.

Sentiment was seriously affected by news of an increase in China's lending rates. This pulled down the property sector both in Hong Kong and on the mainland and also affected H-shares and red chips across the board.

China stocks outperformed the market, reflecting investors' confidence in these stocks and the prospects of China's economy.

Further consolidation in the index is likely before it moves any higher.

Henderson Land should face great selling pressure and could fall below HK$38.

Henderson Investment's net asset value should be worth more than HK$20 and its units, Miramar Hotel and Hong Kong Ferry, still have room to develop.

I think the high growth potential in technology stocks is better than traditional stocks.

Some hope the bank will serve as a catalyst for the index to breach the 16,000 point level when it announces results next Monday.

Weakness in overseas and regional markets affected trading, dragging down blue chips and H shares early.

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.

While the underlying prospect of the mainland financial stocks' improving profitability and the appetite of foreign institutions over mainland's financial market remains, the recent slowdown is an adjustment for the second phase of growth.

As the nation's largest player in this market, Nine Dragons would definitely grab more market attention than Lee & Man.

Commodity stocks can still outperform the market. The U.S. economy is not going to slow down. There should be increased demand for commodities.

There's some consolidation pressure after two days of strong gains.

The risk of a further slump of Hong Kong stocks is not great, as there is no evidence there are capital outflows in the region. Strong support remains at the mid-February low of 15,241.

The rise in property stocks was due to a technical rebound. These shares will come under further pressure as property sales are expected to slow in 2006 from a year earlier.

The stock is likely to see as much as 30 per cent gain in the first trading day to follow the similar recent gain of other material stocks.

Property stocks sprang to life after falling about 10 percent on average over the past six months as rising interest rates dampened property market sentiment.

Profit-taking dragged the index lower. But funds are still in Hong Kong and are helping support the index despite the pressure on stocks to trade lower after the weak showing of overseas markets.

The move came as a surprise to the market. I believe that China wants to send a strong signal that it is serious in keeping economic growth in check.

Oil and gold prices will remain high in coming months. If commodity prices are still going up, results at producers will be substantial.

Despite the rise, there was consolidation and profit-taking after an eight-day surge.

The upside should be sustainable due to its attractive yield.

There wasn't much buying interest at all today despite the slight gains. The market is still cautious about the outlook for interest rates.

It was a technical rebound, but the upside was limited as the market was still building momentum. Buying interest was still on Chinese stocks, as they looked more attractive with their earnings stories.

They will be trying to identify companies that are trading at sizable discounts to their net asset value, and many of these will be property companies.

The new accounting standards won't significantly affect Cheung Kong's underlying profit until the second half when both rental income and the value of its investment properties are expected to continue to rise.

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.

It has the biggest customer base (in China) and has most of the high net worth customers. It is a long-term earnings story.

Hong Kong telecom stocks have lagged European and U.S. telecom stocks this week so they are catching up.

Ahead of the weekend holidays most players want to square their positions.

The developer has benefited from a strong property market last year but the sales growth may slow down this year because of rising interest rates.

The market was supported by Wall Street's rebound. There is also some optimism about HSBC driving up share prices.

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 was helped by the increase in the Tokyo market.

The market was driven higher by the gains in the US and Japanese markets. Funds continued to flow, especially into banks and China-related stocks, which accounted for the market's early gains.

The market was consolidating after recent gains. Yue Yuen fell the most, following rumors of a share placement.

The market is still looking for direction from the earnings results and interest rates.

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.

The local market was mainly boosted by overseas gains. Sentiment was strong, supported by fresh fund inflows, leading to a rally ahead of the Lunar New Year.

The low valuation coupled with the investor's enthusiasm over new shocks could push the shares up 30 to 40 per cent on the debut. However, the problem of overcapacity in the cement industry could cause uncertainty over the long-term prospect of the stock.

The main contributor to the index was China Mobile. The strong sentiment for the stock spilled over to other blue chips and helped the index breach the 16,000 points level.