Saturday, June 03, 2006




Thursday, April 06, 2006


Melco International Development Limited, originally incorporated as "The Macao Electric Lighting Company Limited", is one of the oldest companies in Hong Kong. Founded in 1910, it has been listed on the Hong Kong Stock Exchange in 1927 and was among the first 100 companies established here.
Today, under the leadership of its energetic managing director, Mr. Lawrence Ho, son of Dr. Stanley Ho, Melco is expanding its tremendous growth in its core business in Leisure, Gaming & Entertainment, along with its two supporting businesses of Technology and Investment Banking.

A look on its price technicals today, there will be little problem for further upward push towards completion of third pole (C) seen at HKD 18.00 following the breakout from minor rising wedge.

In the event of a highly corrective pullback, if occured, line B- C should provide the best possible re-entry on a technical perspective. However, this is very unlikely to happen in the near term.

Thursday, March 30, 2006


ZTE Corporation, China's largest listed telecoms manufacturer (on both Hong Kong Stock Exchange and Shenzhen Stock Exchange) is the pioneer of China’s telecommunications equipment manufacturing industry, and a comprehensive provider of telecommunications equipment, mobile terminals and services. With its three product series, i.e. wireless, network and terminal (mobile phone), ZTE is capable of providing global customers with diversified integrated telecommunications networking solutions and a wide range of professional services on a 24×7 basis, and has been involved in the market of international telecommunications operation services.

Its price last closed on a new month's high of HKD 31.40, after reaching an intraday's high of HKD 31.90, which is the resistance shared by both extended Cup & Handle formation and right-angled triangle shown by the red curve line & darker green zone area. While price could potentially escalate towards Zone B (price acceleration zone) within the next few days, an extended Cup & Handle scenario (Zone A) constrained under a rising wedge offers a re-entry opportunity guided by the illustrated catchment entry line. Under both technical circumstances, expect price to propel beyond the HKD 32.00 psychological barrier once either of these resistances is taken out.

On a less bullish tone, the wait to break the aforesaid resistance could be stretched should price engaged within the boundaries of right angled triangular formation (dark green), with zone completion point finishing at extreme tip of Zone C.

Sunday, March 26, 2006


Samsung Heavy Industries(SHI) puts its main focus on the shipbuilding and offshore business. SHI is a core affiliate of Korea’s largest group company Samsung.The Company designs and constructs high value-added vessels such as LNG carriers and large passenger ships, as well as drill ships and shuttle tankers in which it has retainedits No. 1 position. It has recently also emerged as a competitive construction company ranking 12th in the domestic market with the future aim of creating high-tech business models by combining its expertise and digital technology in the shipbuilding and construction areas.

Taking a look at the above chart technicals, price rebounded strongly off twin binded supports at KRW16150-16200 (50d MA & S1) on Friday to close at KRW16650. The oncoming week should see price trading within a tightening range at Zone A. On a cautionary note, any breakage out of the triangular formation (a,b,c) will lead to further downward movement towards S2, which should provide added stability to the current correction.

Saturday, March 25, 2006


Li & Fung is a premier global trading group managing the supply chain for high-volume, time-sensitive consumer goods. Garments make up a large part of the Li & Fung business which also covers the sourcing of hardgoods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods.

On its technical front, C&H completion to trigger price for further advancement towards rising channel resistance seen at HKD16.90 as of today, while immediate support (S1) stays at HKD16.25 for the near term. Price last closed at HKD16.55 on 24-Mar-2006.