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...Hong Kong’s small-cap stocks have often been flagged for low transparency and poor corporate governance, said Ben Kwong, a director at Hong Kong brokerage KGI Securities....
...That has prompted some analysts, such as KGI Securities’ Ming-Chi Kuo, to speculate that the iWatch’s launch has been delayed until next year....
...“You can imagine Apple doesn’t like [having a] sole supplier,” said Kuo Ming-chi of KGI Securities. “For Pegatron the most important thing is to prove it can make iPhones or iPads well like Hon Hai.”...
...Taiwan’s China Development Financial Holding Co bid as much as NT$54.6bn ($1.9bn) for KGI Securities, the country’s second-largest brokerage....
...“Once oil prices fall from their peak, that will provide a good excuse for investors to buy into the market again,” Ben Kwong of KGI Asia told Bloomberg....
...They are hungry for IPOs,” said Ben Kwong, chief operating officer at KGI Asia, a brokerage....
...Among the commodity stock gainers were Angang Steel , advancing 7.1 per cent to HK$18.82, Aluminium Corp up 7.2 per cent to HK$9.67 and Jiangxi Copper rising 5.9 per cent to HK$18.94....
...said Cliff Fan of KGI Asia....
...This prompted Shenhua to price the sale near the low end of a HK$7.25-HK$9.25 range, in spite of the fact that the shares were valued at HK$9.74 by KGI, the brokerage, which said Shenhua’s excavation costs...
...Its share price, which fell 2.7 per cent to close at HK$7.30 on Tuesday, was valued at HK$9.74 by KGI, the brokerage, which said in a report that Shenhua’s excavation costs, already low, were likely to fall...
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