Castor Pang
Castor Pang
lift negatives
There are more negatives out there than anything to lift the market.
apartments continue falls financial hikes investors larger previous property prospects rate surprised worried
I won't be surprised to see more falls in the property and financial sectors even if presales of apartments continue to do well. Investors are worried now by prospects of rate hikes larger than those in previous months.
chasing china commodity investors last obvious profits stocks taking
Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.
austerity china correction expect further hit likely short stocks
China-related stocks will likely to be hit by the austerity measures. I expect further correction in China stocks in the short term.
corrected market momentum opportunity points
The market has corrected about 600 points from the high, so at this moment, the momentum has come back and there will be opportunity for a rebound.
compared income property quite stable
Rental income is quite stable when compared with the income of property developers.
correction mode regarded shares
H shares were still in a correction mode because many are already regarded as being expensive.
china due estate gains gas investment kong launch mainly might privatize strong unit
Henderson Land's strong gains were due mainly to speculation that it might privatize unit Hong Kong & China Gas and launch a real estate investment trust.
banking continue cycle drivers expecting hike interest market people property rate stocks
Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
developers gains launch led local projects properties provided street support tokyo wall
Gains on Wall Street and Tokyo provided support to the local market. Properties led (the gains) as many developers will launch new projects for sale.
driven panic rebound signal strong today yesterday
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
current factors obvious quite support upside
The profit-taking is quite obvious this morning. The current factors and the fundamentals can't support the index to go up further. At this level, the upside is limited.