MARKET TALK: BoCom Won't Top HK$3 Today - Fund
Manager
Jun 23, 2005 - 13:37:48 HKT
Dow Jones Newswires
NEW LISTING: BoCom (3328.HK) +14% at HK$2.85, probably won't get
past HK$3 today but should do so before year's end, says Clive Zhang of
Partners Capital Asset Management; punters with single board lot and
some institutions which didn't buy on margin may be happy to take first
day profits, hindering stock's rise, he says. Expects stock to end day in HK
$2.80-HK$2.95 range. Stock good L/T bet due to fast-growth in China's
consumer banking market; also due to its relatively much smaller size, it
should grow earnings at much faster rate than 19.9% stakeholder HSBC
(0005.HK).