Editor's note:“This Week's Bullish Stocks in Hong Kong and the US”The section closely follows market trends every week, takes stock of the weekly performance of the Hong Kong and US stock markets, helps newcomers sort out the week's hot sectors, strong individual stocks and major news, and find profitable investment topics.
Hong Kong stocks experienced a slight rebound this week, with the three major indices all rising more than 2% weekly. Among them, the Hang Seng Index rose 2.32%, the National Index rose 2.5%, and the Hang Seng Index rose 2.87%.
Judging from the list of individual stock increases, the trend in the film and television entertainment sector is improving.$STAR CM (06698.HK)$Weekly increase of more than 19%It has risen more than 155% since this year, and the trend is very rapid. It is worth noting that in the IPs of popular variety shows, “The Sound of China” and “This! “Just Street Dance” and the like are all from Starry Sky in Chinese, and “The Sound of China 2023” will be released online on July 21.
“China Special Valuation” Concept Stock$GUANGSHEN RAIL (00525.HK)$The weekly increase was over 19%, and this year it has risen over 71%.Since this year, the stock price of the Guangzhou-Shenzhen Railway has risen sharply. On the one hand, it has been stimulated by a strong return in passenger traffic; on the other hand, it has benefited from a strong recovery in the company's performance. Orient Securities previously released a research report stating that the long-term valuation of listed companies in the railway sector has been suppressed, and it is recommended that attention be paid to trend changes in the railway industry under the China Special Assessment.
Domestic housing stocks are picking up,$LONGFOR GROUP (00960.HK)$The weekly increase was over 12%.$COUNTRY GARDEN (02007.HK)$An increase of nearly 12%,$YUEXIU PROPERTY (00123.HK)$An increase of more than 10%.Since June, many places have introduced real estate optimization policies, mainly focusing on reducing down payment ratios, optimizing provident funds, and optimizing purchase restrictions. The policy content is broader and stronger than in previous years.
On the other hand, the weakest performing stocks this week are as follows:
Looking ahead to the future market,Shen Wan Hongyuan said that judging from the valuation level, the valuation of Hong Kong stocks has once again returned to an all-time low.As of May 31, the Hang Seng Index PE-TTM and PB have been at 15.2% and 11.0% levels since 2015, respectively. Judging from the historical quantile levels where PE is predicted by various industries, the valuations of popular sectors have fallen back close to the historical average. Information technology, finance, industry, energy, etc. predicted that PE's sanctions are still at historically low levels, or reflect current pessimistic market expectations to a certain extent. Patiently waiting for the gap to run out is at a rebound inflection point.
Recommendations: 1) Central enterprise reform and high dividend rate varieties as “ballast stones”; 2) Industries that are resilient in the first quarter and have the clearest expectations for improvement in the second quarter, such as power and energy, insurance, core consumption, shipbuilding, etc.; 3) The digital economy, game media, etc. where policy support and thematic thinking will still prevail.
edit/emily