Post Reply
1-1 of 1
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: