12 reincarnation, 2018 , zodiac dog, according to the popular Lyon Feng Shui report, the Hang Seng Index's year-end closing must be higher than the starting point at the beginning of the year. The Hang Seng Index rose in the second half of the year and rose to a new high at the end of the year. The fifth and ninth transported by Luoshu Turtle to the mainland is a great sign of good luck. The mainland will benefit, and the Hang Seng Index will also be full of smiles.
hope so.
The last year of the Dog was in 2006, and the year of Bingxu, Hong Kong stocks opened low and closed high, full of bullish flavor.
Twelve years in the blink of an eye, Hong Kong writer Liu Yi-hwan , born in Shanghai, once said in "My Building": "Happy Building": " Fortunately, time will not go back, otherwise everything will definitely run towards the old years. "
At the beginning of 2006, China Merchants Securities clearly pointed out in its strategy report that the basic factors of the Hong Kong stock market, including state-owned enterprises and red-chip companies, continue to be stable, and the valuation seems attractive regardless of whether it is historical level or neighboring markets, so it has investment value.
Maybe we didn't expect that the Hong Kong market's "low valuation" characteristics have lasted for 12 years and have been throughout the whole process. To this day, the Hang Seng Index's 13 times value center is still the cheapest market in the world.
As for the stock recommendation standards mentioned by China Merchants Securities in 2006, they can now be used as they want, and they are all applicable: they like companies with excellent governance and high management transparency. In an environment of slowing profit growth, we believe companies with stable dividend payouts are worth holding.
Last year of the Dog, financial stocks were praised as the jewel in the palm of your hand. Like A-shares, financial stocks in Hong Kong stocks frequently hit new highs. 5 domestic bank stocks: Bank of Communications (03328), Construction Bank (00939), Industrial and Commercial Bank (01398), Bank of China (03988) and China Merchants Bank (03968), and 3 Mainland insurance stocks: China Life Insurance (02628), Pingbao (02318), and Property Insurance (02328), which are sought after by funds in turn. China Life Insurance's stock price rose three times a year; based on market value, ICBC became the third largest listed bank in the world that year.
In 2006, Industrial and Commercial Bank of China was listed in Shanghai and Hong Kong at the same time, becoming a landmark event in the Hong Kong stock market. Judging from the subscription situation, ICBC's financing amount in Hong Kong set a world's highest in the world at that time (more than 120 billion Hong Kong dollars), attracting a total of 970,000 subscribers, and also set a record for Hong Kong stocks that year. The public offering of part of the frozen funds was HK$415.6 billion, which also created the highest number of new shares in Hong Kong.
ICBC is the best IPO case in Hong Kong in the year of the Dog. It can be foreseen that Xiaomi will be listed in the year of the Dog in 2018 and will also become a classic work in the Hong Kong market.
2006 Year of the Dog, "the booming mainland economy" has become the biggest driving force for the Hong Kong market. According to the information reviewed by Zhitong Finance, a total of 61 new stocks were listed in the Hong Kong market that year, and 3 new stocks were introduced to listing or transferring the board. The total fundraising amount of 61 new shares (including two REITs) reached HK$341.9 billion, of which 56 were accepted for public subscriptions and 5 were allocated for new shares. According to the search for data from the Hong Kong Stock Exchange by Zhitong Finance App, 90% of the new stock IPO fundraising in the Hong Kong market in 2006 came from mainland companies. The voice of "competing with foreign capital for Hong Kong's financial pricing power" has already sounded.
supports this view. One of the important reasons is that state-owned enterprise stocks were the mainstay of the rise of the Hang Seng Index. The state-owned enterprise index rose by nearly 94% in 2006, and the 10,363 points also hit a record high at that time. Many large mainland banks are listed in Hong Kong, which has rapidly increased the market value of Hong Kong stocks to more than HK$13 trillion and made Hong Kong stocks the seventh largest market capitalization market in the world.
Hang Seng Index constituent stocks were greatly adjusted in the Year of the Dog, and broke the traditional number, increasing from 33 to 36, and the proportion of state-owned enterprise stocks increased. In September 2006, Hang Seng Index constituent stocks eliminated Dechang and Lenovo and joined China Construction Bank, Hong Kong Stock Exchange and Foxconn. Afterwards, the Hang Seng Index stocks added Sinopec and Bank of China.
Among the listed companies that entered Hong Kong in the year of the Dog, the highest increase on the first day was Zhongtong Service (00552), with an increase of 85%. But the happiest thing to laugh is Nine Dragons Paper (02689). As of December 22 of that year, the company's stock closing price was HK$13.26, a 290% increase from the IPO price of HK$3.4.
61 new stocks listed in 2006, and the top five companies with accumulated gains doubled their share prices, namely Nine Dragons Paper, Hunan Nonferrous Metals, Shimao Real Estate (00813), Lingbao Gold (03330) and Modern Beauty (00919). Only 16 fell below the issue price during the year, which means that the new stocks subscribed by investors were sold at the end of the year, with a profit ratio of 74%. In the 12 years of reincarnation, Hunan Nonferrous Metals has delisted from Hong Kong, Lingbao Gold and Modern Beauty are no longer as brave as they were back then, and Nine Dragons Paper is still firm after several twists and turns. Shimao Real Estate, 12 years after its listing, became the focus of everyone's discussion with the " Silk Road Landscape Map " donated by Chairman of the Board of Directors to the Palace Museum.
(Present in the Year of the Dog in Bingxu, donating pictures in the Year of the Dog in Wuxu, Shimao has made many big moves)
The prosperity of the Hong Kong market in 2006 injected a shot of ambition to many ambitious companies. A year later, the halo of listing in Hong Kong remains the same, but for some companies, the prospects are very different. Sunny Optics, which was listed in June, 10 times more in 10 years, while , Alibaba , which was listed in November, finally returned to the Hong Kong market.
Looking back at the review of the 2006 Bingxu Year of the Dog in Lyon Feng Shui report, how many investors hope to do this this year: the index did not alarm the sleeping dog in the first half of the year, and some people left on excuses. In the second half of the year, the index performance was like a hunting dog who was excited to see a rabbit. The Fire Dog is lucky and contributes a wonderful performance with the Hound. From July to January of the following year, the Hang Seng Index rose by nearly one-third, and the Fire Dog did not howl at the moon and ended strongly.
Although the wish is good, it must not be forgotten that investment is still full of tests for determination. Finally, I quote Xiao Hong, comforting the waves of time: , spring, summer, autumn and winter, walking back and forth all year round, that has been like this since ancient times. The wind, frost, rain and snow are gone, and the things that cannot be taken, so the natural result is sought. The natural result was not very good. He silently pulled a person out of this world. As for what has not been pulled away, it is wind, frost, rain and snow, and it is still blown on earth.
