The Hong Kong stock market, which has been sluggish for a long time, suddenly rose sharply yesterday (August 25). The Hang Seng Index rose 3.63%, the Hang Seng Technology Index rose 6.01%, and the Alibaba rose 8.75%, and the index soared 10% at one point. The market has started, and standing at the bottom of the market can only go higher and higher.
Why is the Hong Kong stock market soaring? Yan Zhaojun, a strategic analyst at China-Thailand, told . Associated Press that undervalue + policy support is the main reason for the sharp rebound of Hong Kong's stock market.
In addition, we noticed that yesterday's technology stock rose very strongly. Internet giants such as Alibaba, Tencent , JD , Xiaomi , Kuaishou have successively announced their performance, which is generally better than market expectations. Cost reduction and efficiency improvement are the main reasons why profits are higher than expected.
" Hong Kong stocks is a market with less money and more stocks. Only particularly outstanding companies have investment value." China-Europe Luo Jiaming said that Hong Kong stocks fell sharply from March to April this year, which is actually an opportunity for value investors.
Currently, as the European and American stock markets enter a period of adjustment, the pressure on the European and American economic slowdown has increased. The high valuation of US stocks may lead to funds flowing westward and eastward, flowing into A shares and Hong Kong stocks with low valuations and policy support. Where international capital inflows is about to cause market outbreaks.
On August 24, the Standing Committee of the State Council announced the deployment of 19 continuous policy measures in the package of economic stability policies to promote economic stability and maintain economic operation within a reasonable range. For example, the quota of more than 300 billion yuan of policy development financial instruments will be increased, and the local balance quota of more than 500 billion yuan of special bonds will be fully utilized.
I think this can promote the project's implementation as soon as possible and implement it in actual operations. It is estimated that infrastructure and automobiles are the main means of stabilizing the economy in the second half of the year. At present, it is estimated that the Hang Seng Index's price-to-earnings ratio will be 9.3 times in the next 12 months, and its valuation has almost no room for downward, and it has support and medium- and long-term investment value.
Internet giants are more cautious about their expected revenue growth this year and will continue to improve operational efficiency and clean up non-core businesses. Recently, the market has begun to improve the earnings per share forecast of the Hang Seng technology index. The profit bottom of the Hang Seng Technology Index is likely to appear in May this year.
Although macro factors such as increasing economic downward pressure still have uncertainties on the revenue of technology companies, profits can be gradually restored by reducing costs and improving efficiency. In addition, if Tencent restarts stock repurchase after its performance is announced, the lower valuation will also provide support. At present, the Internet industry is not valued at a high level, and profits are expected to enter a turning point, with medium- and long-term investment value.
Faced with investment opportunities in the Hong Kong stock market, ordinary investors are more suitable to participate in Hong Kong stock investment through index fund products, because Hong Kong stocks have no limit on the rise and fall, and their ups and downs will make many people unable to adapt. Fund investment can greatly reduce their volatility.
plus Hong Kong stocks are much more mature than A-share market . According to the experience of the international mature capital market, the more mature the market, the fewer people can outperform the index. Buffett is an example. In the past 10 years, his overall performance has far underperformed the S&P 500, Nasdaq , Dow Jones and other indexes.
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or above are personal opinions for reference only. If you have venture capital in the stock market, be cautious! #Hong Kong stocks usher in a window of allocation?
