Unwittingly, we have finished half the journey in 2021. So where will the Hong Kong stock market go against the background of sustained global economic recovery?

在《One picture flow | Prospect of some Chinese securities companies in the second half of 2021In this article, Futu Information collates the organization's prospects for the second half of 2021, while this article further combs the favorable targets of the organization in the second half of the year, hoping to be helpful to you.

From the data of our organization, the organization is generally optimistic about companies in the Internet, property management, sporting goods, medicine, technology and other related consumer industries.

In terms of individual stocks, there are six institutions that are optimistic.$Tencent (00700.HK) $In addition, individual stock institutions in the Internet industry are also optimistic.$Meituan-W (03690.HK) $、$Kuaishou Technology-W (01024.HK) $、$JD.com Group-SW (09618.HK) $等。

In the hot sporting goods sector in the first half of this year, institutions are still optimistic about the outlook for the second half of the year.$ANTA Sports Products (02020.HK) $和$Li Ning Co. Ltd. (02331.HK) $These two leading stocks, in addition, institutions in the sporting goods sector are also optimistic about dark horse stocks in the first half of this year.$Xtep International (01368.HK) $And$Bosideng International (03998.HK) $。

The leading stocks in the property sector have also been mentioned many times, but various brokerages suggest that the allocation of individual stocks is not very unified.$Country Garden Services Holdings (06098.HK) $、

$Yongsheng Life Service (01995.HK) $、$China Resources Mixc Lifestyle Services (01209.HK) $、$Hejing leisurely living (03913.HK) $And other related property stocks are mentioned by different brokerages.

In addition, the recent record high$Sunny Optical Technology (02382.HK) $It has also been mentioned many times by a number of securities firms in the outlook report.

Changniu plate medicine plate aspect$Wuxi Apptec (02359.HK) $、$Wuxi Biologics (02269.HK) $And other stocks also appeared in the research report looking forward to the second half of the year.

As for the logical aspects of the proposed allocation of individual stocks

Shen WanhongyuanIt is believed that the new economy is still the winner or loser of Hong Kong stocks, and pay attention to the alpha opportunities in the field of small elements: the new economy has become the most important sector of the Hong Kong stock market.In the second half of the year when α is heavier than β, there are still independent market opportunities in some fine molecular areas of the new economy.And the high dividend target as the bottom position allocation, the line is stable can be far away.

而Sino-Thai InternationalOn the other hand, it is believed that the new economy has temporarily faded and the cyclical plate is still in a moderate rising stage. When liquidity expectations are not optimistic, high growth is mainly used to digest high valuations and does not drive stock prices up in the short term.

For example, there was a big increase in science and technology Internet, new energy vehicles and other industries last year. Of course, as such enterprises are still in the stage of rapid growth, the opportunities for further decline are relatively limited, but they just need to wait time for the next round of gains.Only industries with low valuations, profits hit by last year's epidemic and significant restorative growth this year will be able to translate earnings growth into higher share prices at this stage.

Ping an SecuritiesIt is believed that we should be on guard against high volatility, pay attention to the certainty of booming assets, and allocate the core targets of Internet leaders and steady growth targets for bargain hunting.

Guoxin SecuritiesIt is recognized that in this economic cycle, due to the combined effects of the epidemic and economic transformation (double cycle), consumer stocks represented by Hang Seng Technology, Biotechnology and branded clothing, especially those companies that exist uniquely in Hong Kong stocks, have shown good investment value in the past and in the future.

At present, Hang Seng Technology needs to rebound, the bank believes that antitrust pressure has been fully digested in the stock price in the first half of the year, biotechnology / medical devices / textile and clothing valuation is not low, but there are short-term catalytic factors, policy or performance, Guoxin believes that their trend is similar to the mid-stream, Q3 will still have a good performance, while Q4 will become less attractive because of the high valuation.

To sum up, big finance, upstream cycle and Hang Seng Technology are the three promising directions in the second half of the year. In addition, new energy, semiconductors, bio-pharmaceuticals, textiles and clothing will also be the trend opportunities before and after the semi-annual report. Subject to the repetition of the epidemic, it will take time for the gaming sector to recover, and Q4 is expected to have a more obvious opportunity.

Societe Generale SecuritiesIt is believed that attention should be paid to cost-effective assets, especially valuable growth stocks, and the structural market will rise and fall one after another with the change of performance-to-price ratio. We can pay attention to the transformation opportunities of "traditional value stocks + X" and embrace the opportunities of science and technology, new economy and policy dividends. Attach importance to the improvement of the fundamental trend of some high dividend value stocks by "carbon neutralization". Under the general trend of overseas ESG investment and foreign old money increasing investment in Chinese stocks, hydropower and other high dividend stocks are expected to be revalued.