DJ MARKET TALK: China Mobile Hits High; Take Some Pfts -DB S Oct 05, 2006 10:28
1021 [Dow Jones] China Mobile (0941.HK [News / Quote]) +2.5% at HK$58.40, earlier touching fresh 6-year high of HK$58.80, adding to 3-day 3.8% rally. Stock now +59% year-to-date but valuation 'is still not overly expensive,' says DBS Vickers' Steven Liu; rates stock Hold with 'conservative' HK$55.00 target but cautions CM almost becoming HSI proxy, may fall steeply in event of market correction, so not unreasonable to take some profits now. Stock 4th most heavily traded with HK$274 million, with HK$58.80 immediate resistance. (RLI) Contact us in Hong Kong. 852 2802 7002;
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Quelle: DaoHeng