Race 3 (422)
OBSERVATORY HANDICAP Rating:50-28 1600m Sha Tin Good To Firm
Section 1
| Placing | Horse No |
Horse Name | Jockey | Gear | Comment |
| 1 | 6 | WINNING YEARS (BP249) | A Marcus | B | Settled towards rear from widest draw. Made progress on outside from 600 M. Ran on final 300 M to win narrowly in a ding-dong battle with the runner-up. |
| 2 | 5 | BUCK'S FIZZ (BV272) | D Whyte | -- | Towards rear. Ran on steadily 300 M to gain lead briefly inside 100 M. Was just beaten marginally final stride. |
| 3 | 9 | ME AND YOU (BT011) | M Kinane | V- | Prominent soon after start. Kept on very well in straight. |
| 4 | 10 | WINNING LUCK (BP227) | W M Lai | -- | Never far off. Made progress to 3rd passing 400 M. Every chance inside 200 M but effort not sustained. |
| 5 | 13 | STAR DRAGON (BV078) | W Woods | -- | Behind midfield to straight. Made ground steadily to be nearest at finish. Found not much room closing stages. |
| 6 | 11 | FORTUNE ASSOCIATES (BT087) | E Legrix | TT | Mainly midfield. Kept on well final 200 M. |
| 7 | 7 | EXPRESS LOT (BT188) | C Williams | B | Last to 400 M out. Made up good ground inside 250 M. |
| 8 | 14 | CARRY-ON DREAMBOAT (BV284) | Y T Cheng | -- | Started awkwardly, towards rear. Made ground steadily along rail in straight. |
| 9 | 12 | PROFIT ALL TIMES (CA017) | K H Ting | -- | Led field until headed passing 200 M. Found no extra. |
| 10 | 1 | EMPIRE COURT (BT189) | J Murtagh | B | Midfield early, soon advanced to a prominent position. Unable to hold place inside 150 M. |
| 11 | 4 | SCHOOL DAYS (BV229) | D Harrison | -- | Tardy start, towards rear. Made up good ground 200 M out. |
| 12 | 3 | GLOBAL RUNNER (BV185) | J Egan | -- | Behind midfield. Dropped back a bit when steadied final turn. Kept on without quickening. |
| 13 | 2 | GENIUS (BN193) | S King | H- | Around midfield to 300 M. Weakened. |
| 14 | 8 | LYPHARD'S LAD (BM033) | S Dye | P-/B2/TT | In touch. Dropped back on straightening. Faded. |
| B : | Blinkers | BO : | Blinker with one cowl only | CC : | Cornell Collar | CP : | Sheepskin Cheek Pieces |
| CO : | Sheepskin Cheek Piece One Side | E : | Ear Plugs | H : | Hood | P : | Pacifier |
| PC : | Pacifier with cowls | PS : | Pacifier with one cowl | SB : | Sheepskin Browband | SR : | Shadow Roll |
| TT : | Tongue Tie | V : | Visor | VO : | Visor with one cowl | XB : | Crossed Nose Band |
| "1" : | First time | "2" : | Replaced | "-" : | Removed |