The Zhitong Finance App learned that Xiaomo released a research report saying that in the past month, Hong Kong's public stock performance outperformed the Hang Seng Index by 7%, mainly due to reduced expectations of US interest rate hikes and depreciation of the US dollar. It is also believed that the sector will continue to outperform, benefiting from attractive valuations and the expected rebound in performance in the first half of this year.
The bank said that Changjiang Infrastructure (01038) and Electric Energy Industry (00006) are the first choices in the sector, mainly because they are the most sensitive to foreign exchange appreciation and have a yield of about 6%. As Australia's electricity bills rise and are reflected in CLP Holdings' (00002) profits, I think the second half of the year will be a good entry point. It is also expected that the profit of Hong Kong China Gas (00003) may rebound by more than 15% this year, benefiting from improvements in gas sales and unit profits.