外文报告：Core Pacific-Yamaichi-HONG KONG DAILY COMMENTARY-120704

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Core Pacif ic - Yamaichi
- 1 -
Wednesday, 4 July 2012
HONG KONG DAILY COMMENTARY
http://wendang.chazidian.com
http://wendang.chazidian.com
Hong Kong Indi ces Vol ati l i ty Indi ces Chi na A Share Indi ces
Contents
News Briefs ................................................................................................................................................................................................. 2
Economic Snapshot ...................................................................................................................................................................................... 3
Latest Sector and Stock Commentary ................................................................................................................................................. 4 - 5
Company Results Snapshot - Luk Fook Holdings (590 HK), HOLD ....................................................................................................... 6
Stock Pick - China Life Insurance (2628 HK), HOLD .............................................................................................................................. 7
Buy List ......................................................................................................................................................................................................... 8
Daily Stock on the Move............................................................................................................................................................................. 9
Hong Kong Indices
Points Chg.
HSI (03/07) : 19,735.53 +294.07
Turnover (HK$bn) : 49.81 -0.98
Finance : 26,835.25 +1.34%
Utilities : 46,062.76 +0.68%
Properties : 25,056.12 +1.88%
C & I : 11,855.51 +1.75%
HSCEI : 9,711.57 +1.43%
HSCCI : 3,836.58 +1.04%
HSCI : 2,678.58 +1.51%
H-Fin : 13,256.65 +2.01%
S&P/HKEX GEM : 383.22 +0.10
Turnover (HK$m) : 62.80 -9.79
HSI Volatility Index : 19.56 -0.84
Futures
HSI (Jul) : 19,755 +306
HSI (Aug) : 19,724 +321
HSI (Sep) : 19,640 +320
HSI net open interest : 101,939 -1,130
China Indices
Shanghai ‘A’ : 2,334.50 +3.32
Shanghai ‘B’ : 234.69 -1.63
Shenzhen ‘A’ : 979.04 +3.61
Shenzhen ‘B’ : 634.26 +1.07
Taiwan Index
TWSE : 7,418.36 +73.20
US Indices
DJI : 12,943.82 +72.43
NASDAQ : 2,976.08 +24.85
Others (as of 8:06am)
Latest
1Y HK$ Fwd (pt) : -88.0
1Y HIBOR (%) : 0.8893
USD/EUR : 1.2607
JPY/USD : 79.82
10Y US T Bond (%) 1.6294
30Y US T Bond (%) : 2.7428
Gold (US$/oz) : 1619.35
Brent (US$/bbl) : 100.14
Upcoming Results I: Interim Q: Quarter F: Final
05/07 CGN Mining 1164 1Q
06/07 ABC Mulit Active 8131 I
11/07 YueXiu Reit 405 I
13/07 China Motor Bus 26 F
19/07 Power Assets 6 I
CKI Holdings 1038 I
20/07 Hui Xian Reit 87001 I
30/07 HSBC Holdings 5 I
31/07 Birmingham Int’l 2309 F
02/08 Cheung Kong 1 I
Htuchison 13 I
07/08 Haeco 44 I
08/08 Cathay Pac Air 293 I
HKEX 388 I
10/08 Swire Pacific A 19 I
Swire Pacific B 87 I
Swire Properties 1972 I
15/08 Tencent 700 I
21/08 Glencore-S 805 I
90
95
100
105
110
115
120
01/12 02/12 03/12 03/12 04/12 05/12 06/12
HSCEI
HSCCI
HSI 10
15
20
25
30
35
01/12 02/12 02/12 03/12 04/12 05/12 06/12
Hang Seng Volatility Index
US Volatility Index
95
100
105
110
115
120
01/12 02/12 03/12 04/12 05/12 06/12
SZSA
SSEA