STOCKWATCH: PCCW to test gateway of HK$2

PCCW (0008) tested the low level of HK$2 last Monday and gained support. Adversely affected by the news that the company cancelled the bond issuing , the stock slumped to the lowest level of HK$2 again and will likely re-gain certain support technically. Can bet on rebound for short-term. However, it is expected to churn at HK$2 considering the insufficient turnover. Suggested to

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