Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Suggests Overweight IT/ Internet Growth/ Some Consumers, Neutral on Energy/ Finance w/ Cloudy Outlook for HK Stocks Next Yr
Recommend 57 Positive 92 Negative 52 |
||||
|
||||
|
CICC issued a research report forecasting a cloudy outlook for Hong Kong stocks next year. Under base case, Hong Kong stocks have not completely escaped a volatile pattern due to limited valuation and risk premium space, while earnings improvement requires greater stimulus. As a result, stronger expectations at the index level require greater pressure as a premise, which is also a condition for larger-scale stimulus under a reactive policy approach. The broker suggested focusing on three structural categories. First, sectors where industry supply and policy cycles have cleared, with marginal demand improvement yielding better results, such as the internet, some consumer services, home appliances, textiles, and electronics. Second, policy-supported directions, such as home appliances and automobiles under trade-in programs, and trends in self-reliant technology sectors like computers and semiconductors. Third, stable returns, such as high dividends from state-owned enterprises. Overall, CICC recommended overweighting IT, internet growth, and certain consumer sectors, while being neutral on energy and finance and underweighting real estate and some industrials. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
