“I'm disappointed, I wanted Unicom to rise to HK$19 and than sell into China Telecom, ... I think investors feel it's a bit expensive at HK$15.58 but it may settle and firm later in the day.”
David Harman
“I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany's third-generation mobile-phone licenses.”
Andrew To
“Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board.”
Herbert Lau
“I think what you find is that the telecom names, both large and small cap, are highly sensitive to any upward mobility in interest rates. They should be volatile in this period as we wait to see what the Fed will do.”
Henry James
“Fund managers are asserting that a slowdown in telecom spending is here for foreseeable future. As far as investors needing a dedicated technology fund in their portfolio, it's not essential because many growth funds will give the exposure and diversification they need, without the risk.”
Catherine Benz
“Investors have discounted the China Unicom share price. China Telecom is oversold so it is attracting some buying but market sentiment is weak so it may not hold up.”
George Chan
“Investors bought telecom stocks without asking difficult questions about where the data market was going last year.”
Joe Locke
