Hong Kong’s Hang Seng Index Up, Hang Seng Tech Index Up Nearly 2%

Summary

[Transmisión del mediodía]Hong Kong’s Hang Seng Index rose slightly, at the close of noon it rose 0.46% to 24091.97 points, the Hang Seng Technology Index rose 1.3%. In terms of individual stocks, Jiahe Biotech was up more than 20% on the first day of trading.

October 7, Hong KongHang Seng IndexSlightly higher, at press time, it was up 0.58% to 24,119 points; the Hang Seng Technology Index rose 1.6% to 7,454 points.

Looking to the future,CITIC valuesThe PB of the Hang Seng Index is believed to have returned to about 1x in 2015/2016, while the PE is about 12x, both at relatively low historical levels.In addition, AH’s share premium index reached an all-time high of 146 and theAmerican dollarIn a structural downward trend,Hong Kong StockThe long-term configuration value of the company is displayed. With the rise of the right to speak of Hong Kong shares by southern funds in recent years, the trend of Hong Kong shares with A shares is obvious. Overlap the national economy with technology andServiceThe transformation and reform of HSI attracts a large number ofthe companyHong Kong Stock Listing, Hong KongmarketThe style is changing from traditional low-value financial real estate.Large consumptionAnd the transfer of new economic sectors, this trend will continue for a long time.

　　Shanghai firstAccording to financial analysis, the Hang Seng Index continues to operate at a low level of consolidation, but the downward trend that has been shown since September has not changed. The 23,000 point mark is the current key support and should not be missed, otherwise the downtrend will deepen further. If it goes lower, there is a trend to head towards 22519/21139.

　　Huatai ValuesThe Shanghai-Hong Kong AH premium index is believed to have hit a ten-year high, and the subsequent performance of Hong Kong stocks may be stronger than that of A shares. The AH premium index may reflect the discount trading and equity premium levels in both Shanghai and Hong Kong, where A and H-share listed companies have groups at the same time. In the last decade, most A shares have had a premium relative to Hong Kong shares.StatisticsIt was found that when the AH premium index fell from a high level,CSI 300Tracking performance is typically lower than the Hang Seng index. The current AH premium ratio has reached a 10-year high and the likelihood of a subsequent decline is relatively high. Hong Kong stocks may outperform A stocks.

　　Guotai JunanHe said that current Hong Kong stocks are trending volatile, and important medium-term support is at 23,000 points. In the configuration address,short termThe market is focused on the need for solid profitabilityconsumption, Propertyadministration, Gold stocks.In the medium term, focus on consumer stocks and stocksFutures。

Gray Assets noted that in the fourth quarter, A shares and Hong Kong shares will fluctuate higher, and cyclical stocks may face tiered complementary earnings. The intermediate adjustment is very good.Add warehouseOpportunities, optimistic about the new economy and consumer sectors of Hong Kong stocks.

　　Tiger ValuesHe said that they are optimistic about the performance of Hong Kong stocks in the fourth quarter, and that the allocation should be even more locked in the HSI,Trade to the southNew economyConstituent Actions, Such as Xiaomi, Ali, Meituan; consumer press the “fast forward button”, focus onHaidilao，Nine centsOther servicescompany; Under the overlapping recovery seasonal advantage, the headBrokerage、Bank, There is a demand for national housing to offset the increase and focus onPoly Real Estate, Hong Kong Stock Exchange,Ping a bank。

　　investmentIn terms of strategy, Essence International believes that consumption during Golden Week XI and the Fifth Plenary Session scheduled for October will review the XIV Five-Year Plan and the 2035 vision.objectives, Expected to boost the performance of Chinese equities. With the support of these internal factors, the following main lines are recommended:

1) Consumption, including education, cars, e-cigarettes,food and drinkAnd catering,Textile and clothingAnd so on, including the Hainan issue as well. Consumption will be an important driving force for China’s economic development in the future.

2) Environmental protection, including new energy and new energy vehicles. The fourteenth five-year plan is expected to attach importance to environmental protection issues, such as reducing emissions, which can further promote China’s integration with the global trend.

3) Technet shares (computers,information technologyEtc.), including ATMJ. Technet shares are our top long-term recommendation, and we are optimistic about the urgent requirements of the online economy to maintain rapid growth and self-control.

(Article source:Oriental wealthResearch Center)

(Editor in charge: DF070)