Shao Yu, an analyst from UOB Kay Hian Co., Ltd. said that on 7 July 2008 the U.S. market fell while the Hang Seng Index rose 489 points without a corresponding increase in turnover. Sun Hung Kai Properties Ltd. (0016) has been upgraded by Credit Suisse Group due to its resilience. China Resources Enterprise Ltd (0291), in which Commonwealth Bank of Australia has increased its stake to more than 10% at HKD 24.6 mln, has outperformed the market.

Attention must be paid in the future to the trajectory of oil prices and the interim performances of U.S. enterprises. CCTV Golden International Advertising Co., Ltd. (0623) was listed on 8 July 2008 and its off-market share price had risen at one point by2.66% to HKD 2.7, compared with its RMB 2.63 IPO price.

Source: www. aastocks. com

Date: 8 Jul 2008

CN01/NW/MZ/BT/MM