fearless forecasts for the year
of the dog - but with a big caveat
When CLSA abandoned its annual Fung Shui Index for the first time in 13 years, Lai See spotted a gap in the gimmick market. Initially, we feared that Credit Suisse had pipped us to the opportunity, but their briefing on Thursday instead focused on 'how to spend your lai see'. Into the breach, then, we present our second annual Lunar New Year column with predictions for the great and the good of Hong Kong Inc in the Year of the Dog. We also pick up where CLSA left off.
Caveat emptor, however. Of our six predictions for the Year of the Rooster, which is soon to crow its last, not a single one came to pass.
*First off, we predict big meaty bones this year for PCCW.
It has been 12 years since chairman Richard Li Tzar-kai broke away from Daddy's Hutchison Whampoa and founded his own Pacific Century Group. As for this year, we note that group managing director Jack So Chak-kwong's contract is to expire in summer.
