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Track
Record |
| 23rd September 2002: Forecasts
that Hong Kong market will soon reverse its downward trend.
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"…After last two years' continued fall, a number
of solid stocks are extremely undervalued. I believe that
the market is quite near its nadir,…" Mr Tang says.
(Ming Pao, Tech Talk Column, 23rd September 2002)
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| 29th January 2002: Predicts that H shares would outperform
the market |
| On January 29, 2002, Mr Tang was one of four speakers at the
Technical Analyst Society (HK) Ltd. New Year gathering. He gave
a strong recommendation to buy H shares, and his reasons behind
this recommendation. Mr Tang was right again. In the first
half of the year, H shares jumped 13%, but the Hang Seng Index
fell 4%.
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| After the September 11 terrorist attacks, the local
market fell to 8,894. Mr Tang predicted that Hong Kong shares
would soon stabilize and trend upward again: |
| "…Immediately after the September 11 attacks, Hong
Kong shares suffered a major setback. The benchmark index at
one point fell to 8,894, more than 50% off last year's peak.
Recently, it appears the local market has stabilized. The local
economy is still sluggish, but Hong Kong shares are extremely
oversold. Also, as overseas funds are likely to increase their
exposure to China-related shares, we believe that the market
will trend higher in the coming two quarters…" (Extracted
from CPY's Hong Kong market and economic outlook, published
on 28th September 2001) |
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