Friday 2nd January 2015 - Late Edition!
Dear Reader,
There's one more thing to do before the weekend...
NEW ARTICLE
Petition filed with
SEHK and Listing Committee
We close and submit the petition
on 1-share-1-vote, and call on the Listing Committee to get back to improving
the quality of HK's market rather than trying to degrade it, starting with 4 key
issues. (2-Jan-2015)
Kuangchi the stratospheric stock
Our latest New Year
bubble worth popping is Kuangchi (0439), HK's top-performing stock of 2014,
valued at HK$32.03bn (US$4.13bn) or 16.1x NTAV. (2-Jan-2015)
RECENTLY ON WEBB-SITE
SFC actions risk chilling critics
A New Year's Eve SFAT
ruling reveals an SFC action against Moody's for its 2011 "red flags" report,
following the recent launch of MMT action against a short-selling analyst. The
SFC risks chilling publication of critical opinion and analysis - something we
would hate to stop doing. We will be watching the cases carefully. (1-Jan-2015)
Where
will it end?
The judge in the Hui-Kwok trial resorted to
quoting Sir Humphrey Appleby in rejecting Bloomberg's request for a copy of fund
flow charts presented to the jury. (31-Dec-2014)
Some bubbles for New
Year
With the exchange shut for 2014, we take a close look
at two bubbles and the other listed companies surrounding them. (31-Dec-2014)
IN OTHER NEWS
SFC restricts
Goodcape Securities after client couldn't get stock back.
Officers
SFC, 2-Jan-2015
Webb-site
Who's Who shows that this sub-broker, which cannot hold client assets, has only
had 4 licensed staff since it began business on 6-Dec-2005, all of whom are
still there. It introduces business to Paul Securities Ltd and Lamtex Securities
Ltd.
PECS Register monthly update Part 1.
Part 2
HK Government, 31-Dec-2014
And much more besides...
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