HK Market Update 6/5/2015

Some updates on the HK market from marketinout scans...Been busy with new job and trainings for the last few weeks :D

Firstly, on Petrochina and CNOOC. Both companies ran up close to 30-40% gains in the last month due to rumor of merger. But on its fundamental, we might had witnessed the bottoming of oil prices. I report that I read from Maybank mentioned that they expect oil prices to be bottom out and it will be the best time to invest in these companies. They have picked CNOOC due to its fundamental...shall update on it tomorrow..Fei Hua Bu Duo : PetroChina, 857.HK chart isn't as pretty as Cnnoc chart from a technical point of view. BB might have taken the chance to offload during the run up as seen in the fugly upthrusts. As for Cnooc, I haven't take a look at its tape but just from the chart, it could potentially go higher given stronger growth,bottoming of oil prices(which probably had already happened) and towards a target of 75 bbl.







lastly,..i will be watching closely on 1180.HK. Paradise entertainment..looking gd from chart.

Lastly, to subscribe to marketinout.com with a discount, do use 45K2D47BXG as the discount code!


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