Glonghui, January 31 | Motong published a report saying that the current valuation of Hong Kong public stock is very attractive. The dividend is over 6%, which is 260 points higher than the yield on 10-year US Treasury bonds. If Hong Kong stocks continue to rebound in profits and the Federal Reserve lowers the prospect of a sharp interest rate hike, dividend earnings performance may continue to outperform the market in the short term. According to Motong, within the scope of coverage, they prefer Electric Energy (0006.HK) and Changjian (1038.HK) because dividends are over 6%, plus non-US dollar earnings this fiscal year account for about 90%. If interest rate hikes peak, they will benefit the most from the depreciation of the US dollar. The bank is also optimistic about Guangdong Investment (0270.HK) because the dividend is over 7%, and the appreciation of the RMB is beneficial to its mainland investment portfolio. Plus, it is about to review Hong Kong's water prices again. On the other hand, Motong rated CLP (0002.HK) as “neutral” because the profit improvement of its Australian business is expected to be limited in the second half of last year.