News

DAILY FIX

Hong Kong Blue Chips: +66, +0.3%, to 23,184, 05-30-11, Heng Seng Index

Chinese Stocks in Hong Kong: +43, +0.3% to 13,004, 05-30-11, HSCE Index

Chinese Stocks in the U.S.: +6.8 to 435.8, 05-27-11, Bank of New York Mellon, ADR Index-China

Insight: Although Asian markets were mixed, Hong Kong stocks posted modest gains Monday. Turnover was very weak, with U.S. and U.K. markets closed for a holiday. Investors' focus this week will be on the Chinese Purchasing Manager Index to be released Wednesday and on some large-cap IPOs. One IPO scheduled for Friday is paper-based packaging products maker Zhengye International (3363). KGI Research

Quotable: "Looking forward into next week, most attention in the market will continue focusing on the euro-zone debt crisis. Market sentiment will remain cautious in the near-term as weakness in the A-share market prevails. Upward breakthrough may be difficult with such overhang but we see the HSI to have good support at the 22,500 level." BEA Securities. 5-28-2011

Chinese Company to Watch: Kunlun Engery (135) "China's LNG market may grow faster than expected leading to re-rating in Kunlun Energy." Guoco Capital. 5-30-2011

Brokerages and analysts cited have disclaimers on their websites emphasizing their statements are for information only. They do not endorse my blog, and I don't endorse them.

For a list of Chinese companies sold in the U.S. and information on each company go to http://www.adrbnymellon.com/dr_country_profile.jsp?country=CN

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer