Tiger Securities: ants to hear next week, Hong Kong stock market ushered in the best moment of bottom copy

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 Tiger Securities: ants to hear next week, Hong Kong stock market ushered in the best moment of bottom copy


2u3001 Hong Kong stock style: led by the new economy, traditional finance and real estate have entered the mode of supplementary increase.

Abstract: with the improvement of Chinas economy and the loosening of the limit in Europe and America, the medium-term strong pattern of RMB has been formed, and the rising trend in the fourth quarter is expected to continue, further supporting the bull market of Chinas asset rights and interests. From the valuation and technical indicators, we believe that the Hang Seng index is close to falling in the medium term.

In style, the banking sector rose last week, suggesting that the full bull market we are looking forward to is approaching. We continue to be optimistic about the new economy component stocks and new economy enterprises that have been included in or have the opportunity to be included in the Hang Seng Index and Hong Kong stock connect, as well as the supplementary demand of head brokers, banks and houses under the seasonal advantages of recovery.

Body part

Hong Kong stocks began to recover in October. There may be many factors that may not seem to be the cause, but actually play an important role in the background.

1. For example, the $Hang Seng Index (HSI) $is supported in the quarterly window (Figure 1). This quarterly trend line has witnessed the financial crisis in 2008, the global structural bear market in 15 years and the epidemic situation this year. Strictly speaking, in these serious recessions, the HSI has not fallen through the region at the end of the quarter. Referring to this logic, the Hang Seng index may not have fallen. From the technical graph, it may be more intuitive than the static comparison of valuation and dividend yield.

2. The central banks Mingpai monetary policy is not only to withdraw from the unconventional easing (normalization), but also to guard against the risk of RMB devaluation. From the overall trend, there is almost no devaluation risk of RMB in the future, and it will develop in a strong direction for a long time.

In the fourth quarter, we are still optimistic: 1) we have included or have the opportunity to include the new economic component stocks of the Hang Seng Index and the Hong Kong stock connect, such as $Xiaomi group-w (01810) $, $alibaba-sw (09988) $, $meituan review-w (03690) $; 2) press the fast forward button to focus on the service enterprises such as $Haidilao (06862) $, $9992.2) $and other service enterprises;

3) Recovery superimposed seasonal advantage, head of securities companies, banks, housing there is a supplementary demand. $postal savings bank (601658) $$Agricultural Bank of China (601288) $$China CITIC Bank (601998) $$industrial and Commercial Bank of China (01398)$

3u3001 Ant group the fastest hearing next week, IPO ushered in a small climax

Ant group (Provisional) (90016) $it is reported that it plans to raise the IPO valuation target to $280 billion. The Hong Kong stock exchange plans to hold the listing hearing of ant group as soon as next week, and the transaction has yet to be approved by the SFC. If the valuation is $280 billion, ant group will be bigger than bank of America and three times bigger than Citigroup. In late October, Hong Kong stock market was also in a period of new intensity. Next, a number of pharmaceutical companies (yaomingjunuo) and property (Hejing Youhuo and Shimao services) began to offer shares. This document does not constitute and shall not be deemed to constitute any agreement, offer, invitation to offer, opinion or proposal to purchase securities or other financial products. Nothing in this article constitutes an investment, legal, accounting or tax opinion of tiger securities, a statement of whether an investment or strategy is appropriate for your personal situation, or any other recommendation for you. Source: editor in charge of mass news: Chen Tiqiang_ NB6485

Ant group (Provisional) (90016) $it is reported that it plans to raise the IPO valuation target to $280 billion. The Hong Kong stock exchange plans to hold the listing hearing of ant group as soon as next week, and the transaction has yet to be approved by the SFC. If the valuation is $280 billion, ant group will be bigger than bank of America and three times bigger than Citigroup.

In late October, Hong Kong stock market was also in a period of new intensity. Next, a number of pharmaceutical companies (yaomingjunuo) and property (Hejing Youhuo and Shimao services) began to offer shares.

This document does not constitute and shall not be deemed to constitute any agreement, offer, invitation to offer, opinion or proposal to purchase securities or other financial products. Nothing in this article constitutes an investment, legal, accounting or tax opinion of tiger securities, a statement of whether an investment or strategy is appropriate for your personal situation, or any other recommendation for you.