We believe temp the credit issue has been digested and HSI resumes its momentum. Undervalued banking is on the move again. ABC has recovered from 10% and we bought in CCB that still has an indicative PE of 6 times. We added at HKD 5.900 and also Bingo as our long term bet at HKD 0.159.
We confirm stabilization of HSI and bought in CCB and Bingo
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J&J Investment Co. 
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