crashandclank| Hong Kong stocks shine brightly, with many cyclical and financial stocks hitting new highs. What potential investment opportunities are there?
editor 2024-05-13 07:05:44 Nature 26
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Wind Wande
More than one Hong Kong stock cycle and financial stocks hit new highs in May / /
Since May, a number of Hong Kong stock cycle stocks and financial stocks have reached an one-year high. Hong Kong stocks China Shenhua, Hong Kong stocks "three barrels of oil" Sinopec shares, PetroChina shares, CNOOC shares have all hit new highs. At the same time, financial stocks, Hong Kong shares Agricultural Bank of China, Construction Bank, Postal savings Bank, Bank of Communications, Bank of China, Ping an of China also rose sharply on May 9, the stock price reached an one-year high. During the week, Hong Kong's Hang Seng Index rose 2. 5%.CrashandclankThe Hang Seng China Enterprises Index rose 2.41 per cent to 18963.68, nearing the 19000 mark. It is worth mentioning that during the May Day short holiday when A shares were closed, during the two days from May 2 to 3, Hang Seng Technology soared more than 7%, and the Hang Seng Index rose 4%.
As for the future, Pacific Securities believes that the statement of the Federal Reserve meeting in May will bring respite for equity assets that have recently been suppressed by secondary inflation expectations, and equity assets are expected to perform strongly in the next 1-2 months. Among them, Hong Kong stocks will have greater upward flexibility to benefit from liquidity and a higher margin of safety.
From the perspective of domestic economic factors, Datong Securities points out that RMB assets are favored by global funds with the gradual stabilization of the domestic economy. In the first quarter, domestic GDP growth reached 5.3% higher than expected, and infrastructure investment and imports and exports were quite eye-catching, and consumption was also gradually recovering, overall leading to a gradual recovery of the economic situation, thus increasing the global attention to RMB assets.
/ / what are the potential investment opportunities in the Hong Kong stock market?
From a plate perspective, what are the potential investment opportunities in the Hong Kong stock market?
In the Internet sector of Hong Kong stocks, the Hang Seng Technology Index rose 6.42% in a month in April. Over the same period, the Nasdaq Internet index fell in April, down 4.47% in a single month. Guoxin Securities believes that the Internet sector of Hong Kong stocks opened a long-term fundamental repair market in May. In terms of individual stocks, most Internet share prices have risen. In terms of Hong Kong stocks, Tencent, Kuaishou and Meituan are the top three performers this month. In terms of US stocks, SEA, iqiyi and bilibili are the top three performers this month. At the same time, judging from the price-to-earnings ratio, the Hang Seng Technology Index has risen significantly recently. As of May 6, 2024, the Hang Seng Science and Technology Index PE-TTM was 24.63 times, up 3.47% from the end of March, and was at the 19.29% quantile since the establishment of the Hang Seng Science and Technology Index.
In terms of the Hong Kong stock pharmaceutical industry, Southwest Securities Research News selected 149 Hong Kong stock pharmaceutical listed companies, with a total income of 1.75508 trillion yuan in 2023, an increase of 9.22%, a net profit of 54.74 billion yuan, an increase of 89.9%, and a non-return net profit of 45.84 billion yuan, an increase of 170%. In 2023, 88 companies achieved positive net profit growth, accounting for 59% and 70% of the companies achieved positive revenue growth. The agency said that the position of the pharmaceutical industry is still low, the valuation is at the bottom of history, and in 2024, under the expectation of overseas macro interest rate cuts, the pharmaceutical sector still has structural opportunities in the three dimensions of policy, valuation and fundamentals.