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Daily Commentary (08/05/2007)
FY06 HSI Constituents Results Review Kent Yau

Total net profit for the 38 HSI constituents showed a sturdy 12.9% increase for 2006. However, profit growth for the ?SI portfolio(i.e. including only the H-share portion for H-share counters and adjusting for the free-float adjustment factors (FAFs) as well as the current 20% weighting cap) was a tamer 4.8%.
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