Pls see attached the full PDF research report, below is a highlight:
Date: 05-Nov-2008
IndexChg (%)Ch (pt)Closed Yesterday Chg (%)
H.SI +3.17%+455.8214840.16+0.28%
HSCEI+5.32%+364.817225.69+0.80%
HSCCI+1.97%+59.773095.33+0.08%
HK$ BlnHKM TOH.SI TOWarrant TOHSF TOHSP TO
Today63.37bln31.24blnCall9.06/Put5.69bln16.74bln2.99bln
Last45.25bln20.78blnCall8.05/Put5.72bln10.67bln1.50bln
Market sentiment:
Post Obama time comes! The first black man to become US president in US 200 years history. Market seemed to give him a large premium due to his fiscal policy delivered before election to the public. Asian market, except Taiwan, almost all the other major markets closed positive. While we notice LO and Chinese funds started to dump at market in PM.
Top 10 deals at CICC (by turnover in HK$).
2 Buys vs. 8 Sells (1 Short sell): Buy 883.hk, 1138.hk; Sell 3988.hk, 3968.hk, 1800.hk, 941.hk, 144.hk, 700.hk Short Selling 2318.hk.
Market sector Movement
SectorPerformance SectorPerformance
Telecom MixedOil relatedGood
Electric PowerGoodEnergy Resource Good
Metal GoodShipping Good
FinanceGoodAir TransportMixed
Property GoodAutomobile Good
Hong Kong market rallied another day, it is the 7th consecutive day after market hit low on 27th-Oct. market bounced 37.6%. Based on our CICC data, Building material (+100%), Coal (+90%), Steel (+70%); Transportation (+69%) and Non-ferrous metal ( +65%) recorded top 5 bouncers. China A-share +3.17%; H-share +5.32%; and Red-chip +1.97%; in Hong Kong, HSBC (5.hk), CCB (939.hk) and China Life (2628.hk) led the gain.
l Property market enjoyed a big rally today. Local news said some property developers delivered a ‘0%’ down payment scheme for qualified house buyers to buy house in Shanghai. Some developers in Guangdong even said to pay compensation for house buyers if the price of house they bought falls in the coming 15mth. Guangzhou R&F (2777.hk) +16%; Shui On (272.hk) +22%; Sino-Oncea (3377.hk) +11%; Aoyuan (3383.hk) +10%; Greentown (3900.hk) +8%.
l Local news said Hong Kong 's home sale fell for a 4th straight month in oct as local lenders tightened mortgage lending . Sale of residential units dropped 63% by value from 1 yr ago to HK$16.3bln. Home price on HK island had their biggest weekly drop in the week ended Oct 19th. The House change over hand last month fell 58.1% to 4,719, HK local bank lending rose 13% in Sep, the slowest in 13mth, and almost 1/2 of 24% increase in Aug. HL PPT (101.hk) +7.1%; HLG (11.hk) +1.7%; Sino-Land (83.hk) -6.6%; CK (1.hk) +4.04%; SHK (16.hk) -0.5%.
l PCCW(8.HK) +27% surged on offering HK$4.2 a share to buy the 52% of stock. However, the shares failed to reach the offer price after resuming trading today, reflecting investors' concern that a deal may not win enough support shareholders.
l News reported that China would deliver around RMB5.0 trillion 10 year project to boost GDP and infrastructure FAI. Cement producer bounced with a strong buy interest as market expects the cement demand would continued to be high. Anhui Conch (914.hk) +12%; CNBM (3323.hk) +5.7%; SINOMA (1893.hk) +8.1%;
l Local news said HK billionaire Lee Shau-kee sold shares in China life (2628.hk) for HK$617m or sold 31.82m shr @ average price HK$19.387.hk. He shift its capital to BEA (23.hk). BEA (23.hk) +10.0%, news said BEA gets approval to issue Credit cards in China. China Life (2628.hk) +4.4%; PingAn (2318.hk) +7.8%.
l Crude oil gained a lot overnight to reach back $70/bal, while in Asian time, the oil retreated to $67/bal. CNOOC (883.hk) +5.76%; PetroChina (857.hk) +4.3%; Sinopec (386.hk) +5.25. Local news reported that some private run refinery oil providers had cut their retail price by 10% in some part of China.
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发表于 2008-11-12 14:27
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