Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)
http://www.shanghaidaily.com/sp/article/2008/200806/20080625/article_364452.htm
HK bourse gloom
Created: 2008-6-25
HONG Kong Exchanges & Clearing Ltd, operator of Asia's third-largest stock market, may drop at least 17 percent to below HK$100 (US$12.8)per share as trading volumes decline, according to a Morgan Stanley report.
That price would be the "fair value" of the bourse operator should the daily value of shares traded falls to an average HK$65 billion for the rest of the year, the report said.
That price would be the "fair value" of the bourse operator should the daily value of shares traded falls to an average HK$65 billion for the rest of the year, the report said.
Copyright © 2001-2009 Shanghai Daily Publishing House