My target price is $ 6.25 in July 2003, well below those of other
brokers ($6.52- $6.73)
I believe that once the dumping has cleared-it may be sooner than we
think, there is room for price rises. It already rose 11 cents to $5.33
today.
Some say that another dump could occur at $5.40 but I am not
worried about that. There will be a certain amount of "sloshing around"
for a while but if that is in conjunction with rising prices at the same
time, then the news could be good: only 0.225 mill. shares sold in Aussie
today. (Aussie was dragging the price down yesterday with their 2.06 mill.
shares sold.
Finally, it seems to me that some are confused about the "high" share
values. Unfortunately, they have forgotten they lost 28% of the shares in
the reconstruction. The current price of $5.22 is the same as $4.27 before
the Reconstruction.
Cheers,
Gerry
Disclaimer: Readers are not asked to buy, hold or sell AIA
shares. Outcomes may be different than envisaged.
See IRG research reports
