“Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board.”
Herbert Lau
“Hong Kong telecom stocks have lagged European and U.S. telecom stocks this week so they are catching up.”
Kenny Tang
“The telecom sector has been oversold in recent sessions, ... Vodafone and Nokia are looking oversold.”
Michael O'Sullivan
“They are looking for non-multinational tech stocks that are attracted. What are they? Certainly not the telecom stocks, the CLEC, the independent telephone company, AT&T, WorldCom, they are all in trouble because demand for the high speed connections, the data connections are not coming through as quickly as possible, but the revenue from local business calls and the tremendous price pressure and so those companies are not likely to be targets for investors to go for,”
Ulric Weil
“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
“It's all Northern Telecom, ... It was U.S. selling; they just started selling it and it took a lot of the other tech stocks with it.”
Tom Green
“It's all Northern Telecom. It was U.S. selling; they just started selling it and it took a lot of the other tech stocks with it.”
