• Mon
  • Dec 22, 2014
  • Updated: 10:16pm

Crosby Securities

Emerging sectors can give lift to portfolios

Dramatic changes in Asian consumer and services markets have been a long-term forecast.

All sorts of analysts from mega-trend wizards to investment bank macro-gurus have written about this imminent tidal wave of change.

Monday, 29 July, 1996, 12:00am

Priority loans fail to excite investors

There is little to get excited about following the issue of the list of 300 companies by the Chinese Government to receive favourable loans in the second half of the year.

Crosby Securities contends the hoop-la surrounding the priority loan schemes might be misplaced.

15 Jul 1996 - 12:00am

Decreased surplus to hit yuan

CHINA'S diminishing trade surplus will trigger a gradual depreciation in the yuan in the second quarter, according to Crosby Securities.

Crosby said it expected the yuan to depreciate more than 5 per cent this year to 8.77 against the US dollar, down from its estimate of 8.32 in 1995.

27 Feb 1996 - 12:00am

Relying on low wages is no option for small caps

WEAK fundamentals and poor quality management feature prominently in any assessment of Hong Kong smaller companies or small cap stocks.

This is the view of brokerage Crosby Securities after doing a regional survey of smaller companies. Hong Kong was one of only two places in the survey where smaller companies overall under-performed their blue chip counterparts.

29 Jan 1996 - 12:00am

Formosa in deal

FORMOSA Growth Fund directors have entered into an agreement with Crosby Securities and H G Asia for the placing of 3.57 million ordinary shares at US$12.58 per share.

Because Timothy Beardson is both a non-executive director of Formosa Growth Fund and a director of Crosby's holding firm, the deal was classed as a connected transaction.

21 Aug 1995 - 12:00am

Firms in levies recovery dilemma

CHINA companies listed in Hong Kong and the mainland's tax authorities are grappling with a problem linked to whether levies on inventory made last year are recoverable.

10 Aug 1995 - 12:00am

Glass spill hits market

B SHARES fell in light trading in Shenzhen yesterday, led by China Southern Glass which lost more than three per cent to HK$7.50 on trading of 100,000 shares.

The glass processor is suffering from supply problems which are unlikely to be eliminated until a float glass line comes on stream in 1996, according to Crosby Securities.

19 Jul 1994 - 12:00am

Lustre fades from Goldlion

Goldlion Holdings Recommendation: Sell Brokerage: Crosby Securities Since its initial public offer in late 1992, Goldlion's share price has climbed from $2.70 to a high of $11 before falling to $8. As others in the consumer play group, including Giordano, Fairwood, and Cafe de Coral whose stocks have been bid up to P/E multiples over 20 times, Goldlion is set for a big correction.

13 Jun 1993 - 12:00am