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¹w´ú¤@¡G¬ü¤¸±N¶^ZUZCC expected, especially when Euro and Yen may raise rate while USD may cut rate. Unless, there is a strong market on wall street, the domestic market is fragile...GM, being the largest employer in US may file bankruptcy protection...it is foreseeable that USD will fall.,N>;C} ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ z ¹w´ú¤G¡G¬ü®§©ó4.5%¨£³»Tsr either 4.5% - 4.75% but it really depends on the christmas sales and how Ben Bernanke is going to handle the inflation. With the home mortgage is lowering, rate should be near the peak.H ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ L[$2 ¹w´ú¤T¡G«í«ü¨ì¹F16,800-18,000ÂIZ3 BNP predicted 17000, in line with UBS[PY: if ¹w´ú¥| is correct, it is predictable....only "If"9[{w* ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ 5z ¹w´ú¥|¡G¶×Âרì¹F160-180´ä¤¸F*ol CSFB's TP for hsbc is 160. However, if you compare, the stock price of HSBC is very close the EURO/Pound trend. I do not expect Euro to rise in a dramatic way, also, John Bond has a new successor, and traditionally, the rookie year after a new chairman will be fragile..coz many "internal" reform and there will be a lot of uncertainties to investors. Interest rate will not be cut in a dramatic way in US, say remain at 4%to 4.25%, and it is not a good news to HSBC FI (household) as they are doing loans.+)~YiG So... 160 i s a little bit aggressive.k@2 ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ 4JT ¹w´ú¤¡G«í¥Í°ê¥ø«ü¼Æ±N¤É¦Ü6,800-8,000ÂI¤ô¥1 68000 yes, almost for sure. you have to believe in China in 2006.pI_ the A50 China Tracker fund should be kept an eye on...+4\zZC ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ j`-yGG ¹w´ú¤»¡G¤H¥Á¹ô±N¶W¶V´ä¹ôYE~;% 7.8 is the next milestone... and i suspect it is very near....for another revaluation...n ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ :'^;]; ¹w´ú¤C¡G´äªÑ¤U¨I¡HJT/Ti it turns from alpha trading to beta trading as there are more hedge funds in hk. Volatility high and no actual growth.^EX ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ H ¹w´ú¤K¡Gª÷»ù½Ä¤W¨C¯s¥q750¬ü¤¸¡HcHeb~ could be... but it is a rather aggressive target... 6xx is what the market is expecting in 2006. If Japan and China are going to raise their gold reserve in accordance to their Fex reserve, both need to buy a significant amount of gold. Consider international average 8.9%, ECB level 15%, while both China and Japan are having less than 2%.g ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ 5) ¹w´ú¤E¡Gªo»ù¦A¦¸¶W¶V¨C±í70¬ü¤¸WM8 Predictable, as you see the open interests are piling up to 200K levels again, it just takes an excuse to trigger another rally.
¹w´ú¤Q¡G¼Ó¥«¦b¹A¾ä¦~«á±N·|´_µdAg(x=; questionable...the rate effect won't be that significant, usually takes 3-6 months to be effective, also there is not much income growth in hk....the real estates market is questionable for a rally... however , I will look into the GZ area as they lack the BJ and SH area for a long long time...Kl|e ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ R! just my $0.02D
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