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4th QTR..how mkt will perform
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787180
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05-Oct-2007 14:24
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Many favourable factors now that STI cross 3800 again...China Mkt open after the long 1 week holiday..normally pent up demand SSE shoots up..even if US unemployment went up as expected..may be interpreted as gd ..slow down..more rate cut is necessary...one > big rally in store..looks like come earlier than expected..this sun CNA ...reports that 4th qtr beginning returns from stock investment 70% chance of making compared with 3rd qtr(30%)..sharp correction just over..unlikely to occur in Oct again...Europe just held rates steady....mid caps will do catching up..see report below In our view, the small- and mid-caps will outperform in the next round. The market has been mostly driven higher by big caps as fast money and momentum players can get in and out quickly. DII money, however, should be more interested in mid- tosmall caps that have massively underperformed. QDII cautious in build-up positions, while global investors appear to have preloaded on China Since the first DII announcement of August 20, Chinese QDIIs have taken a cautious stance to build up their positions in the H-share and the A-share markets, and the Chinese government has postponed the time schedule of the domestic individual investors (DII) investments in the Hong Kong market, due to concerns that the market has rallied too far and fast. However, in our recent trip to the US we found that US investors, especially the hedge funds, are surprisingly bullish on the market. They have apparently loaded up on China, and at this moment have little interest in selling, especially after the huge market rally in September and late August. ..Co's finan repts will be out starting from 14Oct..shd be gd for most cos Disclaimer: |
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