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Andrew To  Quotes
Some investors have returned to pick up the stock at bargain prices.

—Andrew To

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BargainInvestorsPrices
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Trading seems to be focusing on selective counters because investors are cautious amid interest rate fears.

—Andrew To

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CautiousFocusingInterest-Rate
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The index tried to challenge 18,000 but failed, so that triggered profit taking. Tokyo’s slide also depressed sentiment. If the HSI breaks 17,400 that will be the first sign that sentiment is weakening.

—Andrew To

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ChallengeDepressedFailed
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We are afraid that our freedoms and liberties will be infringed in the future.

—Andrew To

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AfraidFreedomsFuture
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In the past three days, the market has added more than 500 points. At least 20% of the price is cream, or speculative activity. All we need is one or two negative indicators or pieces...

—Andrew To

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ActivityCreamExcuse
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I think the take-up for the placement is not too good and other property developers may be discouraged from placing shares at this time.

—Andrew To

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DevelopersDiscouragedPlacement
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The Japanese market is struggling to stay above 17,000, and it’s still uncertain whether it can hold. An interest rate hike and a strong dollar would hurt.

—Andrew To

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DollarHoldHurt
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We’re seeing a minor technical rebound after Wall Street rebounded from two days of losses. The key will be whether the index can hold above 17,400, if it can’t it will indicate we’ll see another...

—Andrew To

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IndexindicateLosses
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Hong Kong is tracking trends in the Japanese market. The market has had a very good run in the first four months of this year, will the rally spill over to May and June of...

—Andrew To

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Hong-KongJapaneseJune
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Bank of China’s results were quite good; double-digit growth can be taken as good results for a bank. That injected confidence into the market.

—Andrew To

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bank-of-chinaChinaConfidence
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Property shares had a technical rebound, but interest rate concerns will still affect properties until there are signs that the U.S. interest rate cycle will end.

—Andrew To

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EndInterest-Rateinterest-rate-cycle
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The market is still waiting for HSBC results, which will have a big impact on the direction of the market.

—Andrew To

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DirectionHSBCImpact
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With the China market on holiday, Hong Kong is tracking trends in the Japanese market.

—Andrew To

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ChinaHolidayHong-Kong
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I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany’s third-generation mobile-phone licenses.

—Andrew To

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EuropeanMarketMinor
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