CITIC Pacific: Defensive Play

StockHouse LogoAmidst uncertainties in the local stock market caused by a weakening Dow Jones and a crumbling NASDAQ, CITIC Pacific 267 is one of a few Hang Seng Index constituents that has seen company buy-backs over the past month. This action, coupled with the continuing spectacular performance of its aviation division, is likely to provide downside protection to the stock in the short term.

Over the longer term, the Companys early entry into Chinas untapped, high-growth telecoms...

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