China's Li Ka-10 Hupanwangwei others do Jiayi

"Superman" Li Ka-shing seems to be shipped this year, the shares of poor. This week (16) overweight 5 million shares of Cheung Kong (00001, HK), Li Ka-shing has bought more than 10 times its own stock. However, it is regretted that the Cheung Kong's two major institutional shareholders, Deutsche Bank and JP Morgan Chase they are invariably choose the "Superman" under the cover of the reduction of dispersal. Along with the Cheung Kong shares fell, Li Ka-shing holdings this year, 10 times the carrying amount Fukui has been more than 54 million Hong Kong dollar.

10 overweight book Fukui 54000000

HKEx rights and interests of disclosure of information, Cheung Kong Chairman Li Ka-shing to buy 5 million shares this week three Cheung Kong Holdings, the shareholding ratio increased to 40.22%, the share price of 103.10 Hong Kong dollar holdings. According to "Daily News" statistics, since April 11, Li Ka-shing has spent 10 of the 573.8 million Hong Kong dollar bought 495.3 million shares of Cheung Kong Holdings. The average purchase price per share to 115.84 Hong Kong dollar, compared Cheung Kong Hong Kong dollar on yesterday's closing price of 104.9 higher than 10.43 percent. In other words, Li Ka-shing holdings of shares this year have been carrying Fukui 54186000 Hong Kong dollar.

From the Li Ka-shing to the interests of the HKEx to the disclosure of information can be seen, with Cheung Kong shares fell below 110 Hong Kong dollar juncture, "Superman" the pace has slowed down overweight trend.

In May 30 the same day, Li Ka-shing Hong Kong dollar to 119.90 a share, eating into 228.30 million shares, Cheung Kong, involving a total of 274 million Hong Kong dollar funds, this is also the largest holdings this year. Cheung Kong Holdings in the subsequent June 27 Hong Kong dollar fell below 110, Li Ka-shing holdings of each stock from the end of June fell to 50 million shares on July 9 and July 10 of 39.90 million shares and 27 million shares, In July 15 and July 16 respectively, were also reduced to 2 million and 5 million shares.

Institutional shareholders fled the opportunity

"Superman" the intention is obviously overweight, if not stimulate the shares rose, but at least it also hopes to maintain the confidence of investors. However, Cheung Kong's two major institutional shareholders do not seem to appreciate.

Access to Information, JP Morgan Chase on July 8 a reduction of 254.38 million shares of Cheung Kong Holdings, in accordance with its disclosure of the reduction of the price of 103.47 Hong Kong dollar, JP Morgan Chase cash in a 263 million Hong Kong dollar, from 5.1 percent stake reduced to 4.98 percent. JP Morgan Chase re-enter the market unless the holdings more than 5%, or even if the clearing and we can not know.

Compared with JP Morgan Chase, Deutsche Bank on the "take" more clean. In this year on March 19, Deutsche Bank held 5.99 percent of Cheung Kong Holdings, in the May 16 fell to 5.93 percent, while Li Ka-shing started Admission holdings in Cheung Kong, Deutsche Bank suddenly on June 2 will be holding A substantial proportion reduced to 1.99 percent.

Coincidentally, news of the President to stimulate overweight, Cheung Kong in June before actually going out wave rally. To June 2 closing price, Cheung Kong since March 18 lows rose 18.6 percent.

Superman riding the wrong rhythm »

Hong Kong stocks should be concerned about the people will not forget the success of last year, Li Superman top defectors. In October last year, in November, the Hang Seng Index at the highest level in history, Jiliuyongtui Li Ka-shing, has funded a large scale sell-off in shipping stocks and airline stocks. September 25, 2007 to November 30, Li Ka-shing points, dished out 10 China Southern Airlines (01055, HK) H shares, from 16.51 percent stake in all the way down to 0.85 percent. From November 2007, Li Ka-shing began frequent reduction of the China Ocean (01919, HK) and China Shipping Cargo (02866, HK) H shares.

According to statistics, since the end of September 2007, Li Ka-shing through the reduction of China Southern Airlines and China Ocean and the Sea Cargo, a total of more than 9 billion cash in the Hong Kong dollar. Among them, the China Ocean is Li Ka-year cumulative reduction of the maximum amount of shares, through November 1 start of the reduction of six times, from 5.167 billion Hong Kong dollar cash. Cargo from the sea in the November 2 at the beginning of four consecutive reduction of the Li Ka-shing directly generating approximately 2.404 billion Hong Kong dollar cash. After the ship in the Li Ka-shing, Hong Kong stocks was also peaked, and subsequently the market trend is that the "Superman" unique perspective.

In addition to selling on or Lee Superman there is a rose on the ability to buy. In June 2007 to July, Li Ka-shing to about 103.45 per share price of the Hong Kong dollar bought 650 million shares of Cheung Kong, and in time of three months after the Cheung Kong rose by 46 percent.

However, this time accompanied by increased holdings of shares it is the action of the stock all the way down, but also the way "cover" out of the institutional investors, Li Ka-shing Is this really riding the wrong rhythm »

The optimists believe that there must be a result of Superman shots. To yesterday's close, the Hong Kong property stocks have a 36 percent discount to net asset value, well below the historical average of 16 percent. Merrill Lynch real estate analyst KeithYeung that the supply of new flats in Hong Kong this year, less than 10,000 units, coupled with the third quarter, more than was gradually introduced a new focus, the Hong Kong property stocks expected to rally back in the fourth quarter.

However, First Shanghai Securities Ye Shangzhi to the "Daily News" said that the Hong Kong property sales growth in the rest of the year may slow down in the second half of Hong Kong property stocks fell in the first half of at least 10 percent. According to past experience, the stock market peaked in the six months, the property market will be significantly adjusted, the stock peaked in November last year, then the property market adjustment should be just beginning.