Hey lowizard
klingt ja nicht sehr frohlockend.
Neue Trumpfinfo vom 23.12.99, 18:28 HK local time (s.u.)
entweder ganz große verarsche oder Kursexplosion bald drin. Tja, ich bin ehrlich gesagt sehr unsicher. Aber immerhin war PCC heute DAS Gesprächsthema in HK wenn die zahlen unten stimmen. In ungefähr 10h sind wir sehr viel schlauer (übrigens: Kürzel ist 1186 in HK)
relax
al
--------------------------------
18:28 23-DEC-1999
Pacific Cen CyberWorks<1186.HK>
vaults to new high
HONG KONG, Dec 23 (Reuters) - Tech
stock leader Pacific Century
CyberWorks Ltd (PCC) shares closed
up 41 percent in heavy volume on
Friday despite a denial to quash
rumours that the company was in share
swap talks with Microsoft Inc .
The stock rocketed to a record high of HK$18.20 in early
trade, partly fuelled by the stock's overnight surge in over-the-
counter trade to close at US$2.75, or HK$21.45, brokers said.
Trading in PCC shares in Hong Kong was hectic with the
share ending up HK$4.55 or 41.18 percent at HK$15.60.
Early gains were pared following a statement issued by the
company that it was not currently in discussion with Microsoft
in relation to any share exchange.
"The Microsoft rumour, speculation that the company will seek
a Nasdaq listing and PCC shares' sharp gains in OTC trade
propelled the price upward," said Alex Wong, research
manager at OSK Asia Securities.
The Apple Daily newspaper on Thursday quoted market
speculation that Pacific Century CyberWorks was planning a
share swap with Microsoft and PCC would seek a listing on
Nasdaq.
PCC officials were not immediately available for comment.
Brokers said the OTC trading lacked transparency, but it
triggered a series of short-covering moves in the market.
"Trading of PCC shares was so hectic that at one time it
jammed the trading system this morning," one trader said.
PCC topped the most active list with 325.9 million shares
worth HK$5.06 billion changing hands. This represented more
than 30 percent of the market's turnover of HK$16.59 billion
for the day. Analysts said the potential of PCC, which aims to
be a broadband Internet connectivity provider, was enormous
on the back of its quality management team and its
relationship with the Cheung Kong <0001.HK> group. PCC
chairman Richard Li is the younger son of Hong Kong tycoon
Li Ka-shing, chairman of Cheung Kong and Hutchison
Whampoa Ltd <0013.HK>.
Li Ka-shing said earlier this month that Hutchison was likely to
announce plans soon to cooperate with PCC in Internet
businesses.
Pacific Century Regional Development Ltd , which holds 57.2
percent of PCC, also jumped S$4.40 to close at S$18.80 on
the strength of PCC. ((Alison Leung, Hong Kong Newsroom
+852 2843-6369, Fax +852 2845-0636
hongkong.newsroom@reuters.com)) .