..:: Asking the market what is happening is always a better approach than telling the market what to do ::..

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Thursday, January 20, 2011

HONG KONG: Now playing: A rabbit in the tiger's shadow.

The year of the rabbit, according to the Chinese zodiac, will begin on February 3 when the year of the tiger comes to a close.

CLSA forecast that the new year will be rewarding for investors in Hong Kong-listed shares as long as they are willing to ride out the early volatilty.

"A reputedly placid, personable and prescient white rabbit will wrest the reins from the decidedly unpleasant and erratic tiger that's been tossing and turning the markets over the past 12 months," CLSA said in its colourful report on Wednesday, jan 19.

Philip Chow, who in his usual day job as a CLSA analyst tracks east Asian shipping companies, donned the mantle of feng shui master for this year's outlook and forecast that conditions are going to be choppy in the near term.


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