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信心还在!恒生科技指数劲升5%,科技、餐饮、博彩等板块大幅上攻,后市怎么看?

Confidence is still there! The Hang Seng Technology Index surged 5%, and the technology, catering, gaming and other sectors rose sharply. What do you think of the future market?

Gelonghui Finance ·  Dec 8, 2022 11:27

Hong Kong stocks swept away the decline of yesterday afternoon and opened high today, with the Hang Seng Technology Index up nearly 5 per cent.

On the diskReturn to Hong Kong Chinese listed stocksMake a sharp upward attackBilibili Inc. rose by more than 16%, Ming Yuan Cloud Group by more than 8%, JD Health and Kuaishou Technology by more than 7%, NetEase, Inc, Meituan, BYD Electronic, Shangtang, BABA and Tencent all followed suit.

Biomedical UnitCollective riseChinese traditional medicine rose by more than 12%, Shanghai Fosun Pharmaceutical by more than 5%, and China Resources Pharmaceutical by about 4%.

It is reported that Sinopharm is said to be considering privatizing Chinese medicine at HK $6 a share, a 59 per cent premium to yesterday's closing price of HK $3.77. However, a spokesman for Chinese traditional medicine said the company had not received any information about Sinopharm's plans to privatize Chinese traditional Chinese medicine and that the questions were false. Sinopharm had no immediate comment.

It is reported that Chinese traditional medicine disclosed that Sinopharm Group would privatize it in 2021, and announced in August of the same year that Sinopharm decided not to push forward any more.

The Internet Medical Unit continues its recent strength.Alibaba Health Information Technology rose by more than 9%, JD Health and Ping An Healthcare And Technology by more than 6%.

The catering stock is well built.Quack feeding rose by more than 8%, while Helens and Tan Tsai International rose by more than 6%.

Recently, epidemic prevention and control measures in various places have also been continuously optimized, and Beijing, Shenzhen, Guangzhou and other cities are resuming eating in an orderly manner. In addition, on December 8, Yangcheng Happy Shopping. Winter Shenghui "officially opened, Guangzhou government consumption coupons in the first three rounds of uninterrupted distribution. The consumption coupons distributed this time cover five categories: light tea catering, supermarkets, e-commerce, department stores, meals and accommodation.

Hao gambling stocks have become popular.MGM China rose more than 10%, Wynn Macau rose more than 17%, Melco International Development rose more than 11%, Sands China and SJM Holdings rose more than 6%.

On the news, a spokesman for the National Health Commission said yesterday that the new ten articles are mainly aimed at epidemic prevention and control in various parts of the country, and foreign defense measures such as the management of entry personnel will be promoted step by step and accelerated in accordance with the law, and further optimized and improved. On 6 December, the Macao novel coronavirus infection response Coordination Center announced that epidemic prevention measures for people entering Macao from the mainland would be optimized from 6 December. People returning to Macao from low-risk areas and regular epidemic prevention and control areas in the mainland are not required to undergo centralized isolation medical observation.

Logic of Hong Kong stock trading

After the mainland announced the new ten optimized prevention and control measures, the market of Hong Kong stocks suddenly changed yesterday, surging higher and then diving. In fact, the logic is that funds sell the fact-- the stock market to buy expectations and sell facts. This also means that the follow-up measures to optimize prevention and control together may have a more limited effect on the marginal improvement of mood. Superimposed since November, the strong rebound of the three major indexes of Hong Kong stocks has accumulated considerable gains. The choice of funds is good to cash, and it is a reasonable choice to wait and see.

However, the continued strength of Hong Kong stocks today can also be summed up in a sentence from shareholders: "the benefits of good cash are about to be exhausted."

At present, the follow-up of funds will pay more attention to the direction that can really be realized in the direction of the reversal of fundamentals, that is, the effect of optimized measures for epidemic prevention and control on economic recovery.

The meeting of the political Bureau of the CPC Central Committee on December 6 pointed out that "prudent monetary policy should be accurate and effective, and proactive fiscal policy should be more effective." it is expected that in the future monetary policy will put more emphasis on targeted forces, and fiscal policy may be strengthened. It is expected that there is still room for fiscal policy in 2023.

In addition, Galaxy Securities pointed out that this Politburo meeting once again mentioned "vigorously boosting market confidence" and said that it would "stimulate the entrepreneurial vitality of cadres in the whole society, so that cadres dare to act, localities dare to venture, enterprises dare to do, and the masses dare to take the initiative." more stimulus policies may be introduced in the follow-up to the private economy.

What do you think of the future of Hong Kong stocks?

Coming back to Hong Kong stocks, Wall Street has recently been bullish on the Chinese stock market, especially Hong Kong stocks. Analysts at Goldman Sachs Group, JPMorgan Chase & Co, Morgan Stanley and other companies have said that investors should change their attitude towards Chinese stocks and prepare for a return to the market.

Goldman Sachs GroupIt is believed that Chinese stocks will outperform other markets in 2023, and investors are advised to increase their holdings. JPMorgan Chase & Co, on the other hand, expects the MSCI China index to rise by 10 per cent in 2023.

Morgan StanleyIt is also bullish on the Chinese stock market again after nearly two years, raising the Hang Seng Index's target from 18,200 to 21200.

Guotai JunanIt is forecast that the Hang Seng Index of Hong Kong stocks will return 36.6% in 2023, or lead other major stock indexes in the world. It is also expected that the performance of Hong Kong listed companies will also bottom out in 2023.

Societe Generale SecuritiesSaid that Hong Kong stocks have experienced the coldest winter in the past two years, and 2023 will see the return of spring for Hong Kong stocks. In 2023, Hong Kong stocks will usher in a long window period of China's opening up, economic recovery and falling interest rates on US long-term bonds.

Guohai SecuritiesThe research report on December 8 said that on the whole, Hong Kong stocks will have a phased market in the first and second half of next year, and there may be an "N" or "M" trend for the whole year, which may not only have a considerable increase, but also pay attention to possible fluctuations. Because the international geopolitical factors that affect the risk appetite of Hong Kong stocks may be paid more attention by investors in the second half of 2023.

Edit / phoebe

The translation is provided by third-party software.


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