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Summary
Symbol(s): 0203.HK, 2319.HK, 3988.HK, HK
Date:  2-Nov-09
Author: Lee Alexander, Pauline Loong
Contributor: CIMB_GK Research Pte Ltd.
Title: Hong Kong Strategy - Treat instead of trick
Document Size:  21 pages
Price:  $75
Document Type:  Adobe Acrobat Reader®
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Synopsis
Still positive. The Hang Seng Index extended its rally in October to reach new highs YTD. We remain positive about the market’s outlook and expect investors to be treated rather than tricked. Earnings recovery is on track for CY10-11 with continued upward earnings revisions. We also see potential re-rating catalysts arising from China’s exit strategy.



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