Tuesday 11th September 2007

Dear Reader,

NEW ARTICLE
MTRC: Time to vote (11-Sep-07)
We analyse the MTRC circular on the so-called "Rail Merger". We reaffirm our advice to independent shareholders to vote AGAINST the transaction. VOTE NOW - and don't assume that others will stop the deal for you. The Government will spare no effort trying to push this through.
http://webb-site.com/articles/mtrcegm.htm
 

RECENTLY ON WEBB-SITE.COM
Intervention returns (10-Sep-07)
We look at the HK Government's surprise disclosure of 5.9% of HKEx, where it might go next, and how it quietly scrapped a 5% benchmark on the Exchange Fund weighting in HK stocks, leaving it as the 2nd-biggest investor after the mainland Government. With about HK$1 trillion of surplus liquid assets, whatever happened to Donald Tsang's "big market, small government"? We call on the Government to return its surplus capital to the people with a 10-year program of deliberate budgeted deficits.
http://webb-site.com/articles/interven2.htm
 

PASS IT ON!
This free, no-spam newsletter goes to over 16,000 practitioners, issuers, regulators and investors in Hong Kong's markets. It's not-for-profit, so we depend on referrals. Invite a friend to subscribe! Click the link below:
http://webb-site.com/refer.htm

Visit our archives, and do your due diligence homework before you invest:
http://webb-site.com/articles/

____________
David M Webb
Editor, Webb-site.com
http://webb-site.com