日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
China
Home / China / GBA focus

Hong Kong stock investors told to take cover

By Oswald Chan | HK EDITION | Updated: 2021-08-13 14:01
Share
Share - WeChat
The Hong Kong Exchanges and Clearing Ltd (HKEx) flag, flies outside the Exchange Square in Hong Kong on Jan 20, 2017. [Phto by EDMOND TANG / CHINA DAILY]

Dickie Wong, executive director of research department at Kingston Securities, said investors should avoid purchasing individual mainland technology stocks.

"The valuations of the HSI and the Hang Seng TECH Index have dropped to attractive levels, so investors can consider investing in ETFs, such as Tracker Fund of Hong Kong, and ETFs tracking the Hang Seng TECH Index," Wong said.

In his view, traditional old-economy stocks still offer good investment potential for the rest of the year. Such companies include real-estate investment trusts, Hong Kong-based developers, telecom shares, and utility companies, as their shares offer stable investment yields.

Sincere Securities Chief Executive Officer Louie Shum agreed. "Those undervalued old-economy stocks should fare better and attract capital that can boost the HSI."

Hong Kong Exchanges and Clearing should be one of the beneficiaries, Shum said. "Mainland technology companies intending to list their shares in the Hong Kong offshore equity market may boost the revenue and profit of the stock exchange operator," he said.

Other market strategists are upbeat about the overall momentum of the city's stock market, saying the central government's monetary and fiscal stimulus policies as well as strong corporate earnings, should support the HSI's medium- and long-term performance.

"We are confident about mainland and Hong Kong equities. We think they will be supported by the economic recovery trend, a loose monetary environment, and the continued improvement in corporate profitability," the Deutsche Bank Chief Investment Office said.

US-based investment management firm T. Rowe Price is on the same page, saying that Chinese equity consolidation seems overdone in the wake of supportive flow dynamics and clarification of technology regulations.

Besides policy stimulus and corporate profitability, market liquidity should also lend support to the equity market by the end of this year.

Timothy Fung, Asia head of equity advisory at BNP Paribas Wealth Management, said the impact of the forthcoming US Federal Reserve's tapering is expected to be less disruptive than that in 2013.

"The influence of mainland capital in the Hong Kong stock market has increased significantly in the past 10 years. Generally speaking, mainland liquidity is less correlated to the US rates cycle, and against the COVID-19 backdrop, any adverse growth outcomes could trigger an immediate shift in central bank rhetoric back to a more dovish mode," Fung said.

"Thus, we see the Fed continuing to support risk assets this year by discussing its bond buying again at its next meetings in September and November, but only announcing in December that it will start tapering from January onwards," said Mansoor Mohi-uddin, chief economist at the Bank of Singapore.

The US Federal Reserve maintained its cautious stance at its meeting last month, keeping its federal funds rate at zero to 0.25 percent and continuing to print money and buy US$120 billion in bonds each month. The US central bank reiterated that the domestic labor market still needs to improve further before it can start tapering its quantitative easing.

|<< Previous 1 2   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 国产伦精品 | 麻豆专区一区二区三区四区五区 | 日本99热| www.99re14.com| 亚洲一区 中文字幕 | 色姑娘综合网 | 222奇米影视 | 国产日韩一区二区三区 | 亚洲精品乱码久久久久久9色 | 狠狠综合久久av一区二区小说 | 日韩一级一欧美一级国产 | 国产精品久久久久无码av | 高清中文字幕 | 亚洲91精品 | 亚洲欧美国产精品久久 | 欧美另类色 | 国产午夜精品一区二区三区嫩草 | 日韩欧美视频免费观看 | 麻豆精品国产自产在线 | 毛片国产 | 国产一区二 | 美国av片在线观看 | 国产一区二区三区免费 | 在线视频观看国产 | 一级一级毛片免费看 | 99久久国产综合精品网成人影院 | 久久精品一 | 在线观看亚洲一区 | 日韩卡1卡2 卡三卡2021老狼 | 国产精品亚欧美一区二区三区 | 亚洲免费三区 | 又黄又爽的网站 | 欧美视频网站 | 中文在线一区二区 | 午夜视频你懂的 | 中国女人内谢69xxxx天美 | 四虎伊人 | 久久精品天天中文字幕人 | 欧美成人h版整片合集 | 久久草在线 | av电影网站在线观看 |