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I'll try my best
However, the broker is of the view that the timing of share placement is probably not in line of normal practice, since all the three companies will make annual announcement shortly as their finanicial year closes at the end of June.
A senior executive from a Mainland securities company cited rumours being circulated yesterday about intended share place of Henderson Land. Although Heng Seng Index hit 13000 points, there are little signs that the gain will be sustained. Despite signs of recovery of local economy, still little hope is placed on the emergence of a bull market, though more would expect the index to hit 14000 points, in view of concerns related to austerity measures in the Mainland and rise in interest rates.
Under such circumstances, it makes sense for investment banks to seek real estate companies to go for share placement. While real estate developers are busy with land application, investment funds are busy buying in their shares, and they will probably put them on sale well after the land auction. It will be in the interest of the real estate companies to proceed with share placement in the fullness of time as demand for those shares will be secured as long as investment funds still stand the chance to make a gain in the process.