Thursday, June 21, 2007

HKEX-C1 hits limit up !

HKEX-C1 hits limit up at RM1.31 in the morning session and maintained its price to close at RM1.29. It rose 28 cents today, gaining about 27%.

The Hong Kong Stock Exchange's turnover has already come close to HKD 100 billion these couple of days, and the amount is increasing day by day. A-shares listing and QDII stories will further boost the turnover of the HKSE.

For sure, HKEX would be the first to benifit from the increasing trading volume. Now let us revise our target price for HKEX to RM120.00. This will in turn move its CW to RM1.60! Another limit up... maybe?

2 comments:

simon_alibaba said...

HK daily turnover exceed 120 billion not 10 billion, 10 billion HKEX will go limit down 10 times.

dragonzone said...

haha it's 100b not 10b. sorry for the typo.