Ich will gar nicht pushen, aber PCCW macht sich suuuuper (!)

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Ich will gar nicht pushen, aber PCCW macht sich suuuuper (!) tgk1
tgk1:

Ich will gar nicht pushen, aber PCCW macht sich suuuuper (!)

 
13.01.00 22:46
#1
13:59  13-JAN-2000
                         RESEARCH ALERT-Merrill keeps PCCW <1186.HK> as buy

                         HONG KONG, Jan 13 (Reuters) - Merrill Lynch said it maintained a buy
                         rating on Hong Kong-based Internet and communications firm Pacific
                         Century CyberWorks (PCCW).

                         "Positive newsflow has made PCCW the second-largest Internet company
                         in Asia after Softbank <9984.T>, with a market cap of US$19 billion," Matei Mihalca, a Merrill Lynch Asia Pacific
                         Internet analyst, said in a report dated January 12. "The price appreciated from HK$6.75 on December 1 to
                         HK$19.65 on January 3, a high. It could be argued that in the last month PCCW has come of age as a global
                         Internet player." Merrill Lynch said it had a 12-month target price of HK$25 for the share. "Our HK$25 price

                         objective assumes that PCCW will trade at a 100 percent premium to its net asset value, between the 50-100 percent
                         of Softbank in Japan and the 200-500 percent of CMGI and the Internet Capital Group in the U.S.," it said. Shares
                         of PCCW stood at HK$15.90 at the close of the Thursday morning session, down 0.625 percent.

                         PCCW has signed a letter of intent to take a five percent stake in Horizon.com, with an option to buy another 10
                         percent, an official of DBS Bank said on Thursday.

                         DBS Bank is lead manager of the initial public offer of Horizon.com, an Internet-based company seeking a listing
                         on the Singapore Exchange.








9:20  13-JAN-2000
                         PCCW <1186.HK>sees US$1.3 bln gain by venture fund

                         HONG KONG, Jan 13 (Reuters) - Internet and communications firm
                         Pacific Century CyberWorks (PCCW) has gained a paper profit of
                         US$1.3 billion from investments in 28 Internet-related projects in the past
                         six months, according to PCCW chairman Richard Li. Most of the
                         investments were made by PCCW's venture capital fund, CyberWorks
                         Ventures, local newspapers quoted Li as saying in a radio interview on
                         Wednesday.

                         PCCW officials were not immediately available for comment.

                         CyberWorks had set aside US$200 million for CyberWorks Ventures to acquire Internet-related assets but less
                         than US$60 million had been used so far, Li said. Most of the major investments were made through share swaps,
                         he added. Li also said PCCW would purchase through the venture capital fund a stake of less than 10 percent in a
                         web portal, tom.com Ltd, to be launched jointly by Cheung Kong (Holding) Ltd <0001.HK> and Hutchison
                         Whampoa Ltd <0013.HK> next week. Li is a deputy chairman of Hutchison and the younger son of Cheung Kong
                         group chairman Li Ka-shing.

                         Market talk said the Cheung Kong group would seek a separate listing for tom.com Ltd on the U.S.
                         technology-heavy Nasdaq market, the newspapers said. PCCW is a subsidiary of Singapore listed Pacific Century
                         Regional Developments Ltd .
Ich will gar nicht pushen, aber PCCW macht sich suuuuper (!) DGromm

PCC brauchste garnich pushen, der Wert klettert ganz alleine, Ende .

 
#2


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