Friday, October 24, 2008

Broker's joke of the day

Hong Kong market comment in 2010:

"We cut our 2011 and 2012 growth forecast for China to 0.3% and keep HK unemployment and inflation forecasts unchanged at 35% and 20% respectively. Our only analyst returns by bus from a China Life investor tour confirming premium growth targets will be met with the company engaging the People Liberation Army to sell its life policies at gun point in Xi'an and Beijing. Finally our quant team, now also processing tickets in operations, advises that Sun Hung Kai will come out of the Hang Seng Index this Friday and will be replaced by Shun Tak which has seen its market cap treble of late on reports that regulators will allow state banks to utilise tier 1 capital for low risk and well managed gambling investments in roulette, blackjack and baccarat in Macau."

DBS Vickers

1 Comments:

Blogger kinglear said...

Can't help but think the gambling element is as likely to throw up a profit as anything else.... £ = 9% down TODAY against yen. That'll be the markets verdict on Brown...

3:01 pm  

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