Morning Briefing

Hani Securities (H. K.) Limited恒利證券(香港)有限公司Hani Financial ExpressMorning Briefing HANG SENG INDEX DAILY CHART HK RELATED INDICES H 股期貨 12,796.00 -127.00-0.98% 恆生紅籌 4,239.07 -1.52-0.04% 恆生地產 30,015.93 -283.92-0.94% 恆生公用 42,205.54 -75.51-0.18% 恆生國企 12,804.77 -132.33-1.02% 盈富基金 23.35 -0.20-0.85% 恆生工商 12,958.31 61.930.48% 創業板指數 847.56 -7.64-0.89% 恆生金融 34,420.48 -321.26-0.92% 恆生H 股金融 18,122.73 -213.95-1.17% 大型股指數 27,609.78 -69.28-0.25% DAILY CHART <03331> LATEST QUOTE <03331> Update Time 03/12/2010 Day Closed Lot Size 1,000 Turnover 51,187,120 Volume Shares 5,704,800 Today's High 9.250 Today's Low 8.840 Previous Close 9.170 Last 8.890 Change -0.280 % Change -3.053% Chief Analyst : K. L. Yu Hani Securities (H.K.) Limited Room 402, 4th Floor, Wing On House 71 Des Voeux Road Central, Hong Kong Telephone : (852) 2869 1318 Facsimile : (852) 2868 0699 Email : info@HaniNet.com Web : www.HaniNet.com Mr. Yu is a registered securities dealer representative with the Hong Kong Securities and Futures Commission. Copyright © 2010Hani Securities (H K ) Limited06/12/2010 HSI Open : 23507 HSI High : 23612 HSI Low : 23213 - Market swung without a clear direction amid the lack of upward momentum - HSI reversed from black to red as sentiment was dampened HSI Close : 23237 Down 82 Points - HSI slipped further to close near the day's low as the scenario turned sour Total Turnover : $76.43 Billion HSI Turnover : $22.77 Billion - Market is lack of momentum as the turnover of HSI Constituents remains thin Index Futures (Spot Month) Close : 23173 Discount 64 Points - Short-term leading indicator ends with large discount, which suggests to open lower < Technical Analysis > 10-day moving average : 23128 50-day moving average : 23443 - It signals to head south amid the loss of 50-day moving average RSI-14 = 46; It hovers below the 50-mark level, which suggests to staying on weak side < Fibonacci > ( Medium-Term ) Previous Low : 22880 (29/10/2010) Recent High : 24988 (8/11/2010) - 0.618 Retracement (Correction from the recent high) = 23685 - It hovers below the 0.618 retracement, and stays in a typical correction Long Funds : Sat on sidelines as uncertainties are hanging over the market HSI Range : 23000 ~ 23500 CEI Close : 12804 Down 132 Points < Fibonacci > ( Medium-Term ) Previous Low : 11734 (8/9/2010) Recent High : 14219 (8/11/2010) - 0.500 Retracement (Correction from the recent high) = 12976 - 0.618 Retracement (Correction from the recent high) = 12683 - It losses the support at 0.5 retracement, and heads towards 0.618 retracement CEI Range : 12680 ~ 13000 Stock Code/Name : 03331 VINDA INT'L < Technical Analysis > 10-day moving average : $8.81 50-day moving average : $9.92 - It heads north as it jumps over the 10-day moving average Stochastic Oscillator : %K climbs above %D as it unveils a buying signal < Fibonacci > Short-Term Previous High : $10.84 (11/11/2010) Recent Low : $8.36 (24/11/2010) - 0.618 Retracement (Rebound from the Recent Low) = $9.89 - It hovers below the 0.618 retracement, and stays in a typical consolidation Suggestion: $9 (Buy) Target: $11 Resistance: $9.9 Support: $8.6 DISCLAIMER This report is for reference only, it does not constitute an offer or recommendation to buy or sell securities or commodities. No warranty of accuracy is given and no liability is accepted for any error or omission. Investors should understand the risks in investments and that prices do go up as well as down, and in some cases may even become worthless. At the date of publication, Hani Securities have no interest in either long or short position of the above stock