The Zhitong Finance App learned that UBS Investment Bank Hong Kong strategist Chen Zhili said that the target for next year's MSCI Hong Kong Index is 9500 points, the Hang Seng Index is set at 20,600 points, and the profit driven return of 13-18% in 2024. We are optimistic about infrastructure and Macau gaming stocks next year. The latter is expected to benefit from the recovery in tourism; Hong Kong real estate stocks are more sensitive to interest rate trends and have a pessimistic view of Hong Kong real estate stocks and bank stocks.

Chen Zhili said that although the MSCI Hong Kong Index has been adjusted by 20% since the beginning of the year, considering factors such as the stock risk premium, which is roughly in line with the historical average of 3.8%, the Hong Kong market does not seem to be oversold. The compound annual growth rate of the MSCI Hong Kong Index and Hang Seng Index is expected to be 10% and 6% from 2023-2025.

edit/ruby