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 infrastructure industry and the successful establishment of a strategic beachhead ahead of Chinas entry into the WTO, is a good enough reason for investors to stick around to see its long-term strategy of...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222