Clear
All
Quotes
News
Learn
Help
All
HK
US
CN
SG
AU
JP
All
News
Announcements
Reports
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
Loading
History record
    Latest News
      Quotes More
      News More
      Learn More
      Help More
      Loading
      News More
      Announcements More
      Reports More

      【Latest Hong Kong Stock Analysis】East rising and falling? Hidden Opportunities for Chasing Back Blocks

      Views 74512025.03.06

      The Hang Seng Index hit another 52-week high today as major trading volumes remained active. The positive outlook for Hong Kong stocks has remained so far, but a new topic would like to be discussed today is that the market has been arguing for a larger “East and West Down”. In addition, even with the Hang Seng index high, there are signs that funds are moving to catch up with the back blocks. Let's talk about these two topics today.

      Writers have long disapproved of the notion of “East rising and falling”, but judging by the performance of the past three trading days, this statement is becoming controversial again. We'll take a closer look at why today.

      US Dollar Debt Declines

      It is understandable that the short-term “East-West decline” has occurred occasionally over the past three years, and the reason is often related to the narrowing of the spread in interest rates. When markets are willing to take a better look at the outlook for the Chinese economy and US equities are under pressure from high interest rate valuations during the adjustment period, there are often trends and ideas of 'East bearish'. But so far the US is only dealing with CPI pressure in January and Trump's trade policy rhetoric, if it is simply a question of valuation, as long as US stocks adjust slightly, supported by strong macroeconomic data or factors (e.g. employment data, retail data, technology developments), the entire stock market High valuation levels (average 1~2 SD or more) are maintained, so there has often been only a brief “East-West Decline” in the past.

      In the author's personal judgment as a whole, strictly speaking, as the Sino-American relationship has continued to deteriorate from 2018 to the present, individuals believe that in the long run the interconnectedness of Chinese stocks will be less and less relevant, given the outlook and asset allocation at the beginning of last year, individuals consider appropriate diversification investments to be very important.

      In addition, it is worth noting that the expectation of interest rate cuts is gradually increasing as US stocks adjust recently, which undoubtedly benefits the overall performance of Hong Kong stocks. At the same time, whether US stocks can recover in the face of the expected increase in interest rates has also been the focus of investment in the markets recently. Of course, short-term focus is on bullish Hong Kong stocks, but it is also not advisable to take too lightly on US stocks, such as the recent sharp falls. $Tempus AI(TEM.US)$ And don't forget that stock prices have rallied nearly twice in the past single month and are now only within 0.618 of the gains. Given the high risk involved in these stocks, relying solely on the anti-erosion function is not necessarily successful. Diversified investment is the most effective method.

      As for the behavior of the US Stock Exchange rebound, we will use technical analysis for the time being to judge: $S&P 500 Index(.SPX.US)$ For example, refer to KDJ, an indicator that is more sensitive to the market in the short term. This is the core logic of dynamic trading in technical analysis teaching.

      The concept behind the different segments of Hong Kong stocks

      The surge in Hong Kong stocks was driven by technology stocks and is undisputed. At 1500pm on 26 February, $Hang Seng Index(800000.HK)$ An increase of 19% year-to-date, $Hang Seng TECH Index(800700.HK)$ An increase of 34%.

      However, from the late February round of funds, there are clear signs of a tailspin, even though tech stocks have been lagging behind. $MEITUAN-W(03690.HK)$ und $JD-SW(09618.HK)$ THERE WAS ALSO A SIGNIFICANT OUTPOURING OF FUNDS TODAY, REFLECTING THAT HONG KONG STOCKS AS A WHOLE ARE STILL AT RISK ON STAGE.

      In addition to the expectation of a drop in the US debt rate, the latest hype is to keep an eye on two expectations for next month. It has been mentioned many times in past articles that the emergence of DeepSeek has only led the market to reassess China's view of technology, while revaluation is an investment concept for the entire stock market. As market confidence gradually increases, valuations are naturally conditioned to rise and firm above average levels.

      In addition, as financial markets show signs of improvement, we have recently seen a large number of companies successfully finance, and improved financing channels in emerging industries (not just technology) will be more conducive to business expansion, thus driving economic and employment growth. The current investment logic is more solid than last year's public holiday hype. It is no longer simply an expectation that policies will support the economy, but rather from the core values of the enterprise, which will increase valuations in the context of a stable profit outlook. As the investment talk of the past two weeks said, we are aiming for a standard spread of more than 1 standard spread above the benchmark 10-year average for the Hang Seng market earnings.

      While this benchmark target is not far away so far, strong stocks are still conditioned to hold. Investors can also use the “hype not market” mindset to pursue the following concept as a short-line target. Today we're going to simply discuss some of the most popular post-chase blocks recently.

      Consumer Stocks

      Valuations across the consumer segment are likely to increase as the environment improves, and there is room for appreciation of both essential and non-essential goods. In investment advice, it is recommended to look for brands with high recognition and stable cash flow; non-essential brands are of course equally important, while keeping an eye on their operating data, inventory pressure, gross margins or new brand expansion.

      For example, in conjunction with technical analysis, $ANTA SPORTS(02020.HK)$ As an example. macd has given a buy signal and the share price has also formed a good medium-short uptrend. The company is expected to gradually recover losses from the issuance of CB last year.

      $HAIDILAO(06862.HK)$ $MENGNIU DAIRY(02319.HK)$ $NONGFU SPRING(09633.HK)$ $MNSO(09896.HK)$

      Real Estate Stocks

      Home equity has always been seen as the highest beta segment and will always benefit as the market atmosphere improves. Today $BEKE-W(02423.HK)$$LONGFOR GROUP(00960.HK)$$YUEXIU PROPERTY(00123.HK)$$CHINA OVERSEAS(00688.HK)$ und $CHINA RES LAND(01109.HK)$ There is also the pursuit of funds and technological breakthroughs. When it comes to investing in home equity, it is necessary to control risk with a bet, after all, they are the highest beta stocks, but as long as companies do not have obvious financial problems, they may be able to repair valuations more quickly as the environment improves.

      The main consideration in this section is risk, and pay attention to the hidden concerns of high risk and high returns.

      Domestic Insurance and Mainland Securities Stocks

      This wave surges A-shares $SSE Composite Index(000001.SH)$ All have been relatively lagging, mainly due to fewer AI-related stocks, which are mainly focused on technology stocks in Hong Kong. In fact, A stocks are also hot and hot related to the concept of AI, such as the stocks that have recently been learned from learning about domestic GPUs $Cambricon(688256.SH)$ 。 To make a point, trading in A-shares also showed signs of slowly improving in February, and there are no signs that A-shares are lagging behind in the short term, with both improving investment sentiment and expectations. Today, Chinese securities stocks have been borrowed. In the short term, you can take a look at the performance of both domestic insurance and Mainland securities stocks.

      $PING AN(02318.HK)$ $CHINA LIFE(02628.HK)$ $CPIC(02601.HK)$ $NCI(01336.HK)$ $CHINA TAIPING(00966.HK)$ $CITIC SEC(06030.HK)$ $CGS(06881.HK)$ $CICC(03908.HK)$ $CMSC(06099.HK)$ $HTSC(06886.HK)$

      Finally, prompt again. The following are relevant sectors and stocks that past writers have mentioned in investment talks or articles that can focus on this round of upswings and believe to be among the beneficiaries of an optimistic outlook for the economic outlook.

      Analysis of the key points of attention for Hong Kong stocks

      The following are relevant sectors and stocks to watch for this round of upswings, which we believe are among the beneficiaries when the economic outlook turns optimistic.

      • Author Information

        Chief Analyst of Futu Securities Liang

        (The author is a licensee of the Securities and Exchange Commission and its affiliates do not have any financial interest in the Proposed Share Issuer)

      One-stop trading with Futubull

      Enjoy welcome rewards and lifetime 0 commission on HK stocks

      Terms and conditions apply right-arrow

      | GENERAL DISCLAIMER |

      This report (the “Report”) is prepared by Futu Securities International (Hong Kong) Limited (“Futu Securities”). The person who retained this Report either via receiving and/or reading  (including any relevant attachment), shall agree to be bound by the terms and limitations set out below as has the right to retained this Report. Any failure to comply with these limitations may constitute a violation of the law.

      This Report shall not be reproduced in whole or in part, distributed or published by you for any purpose. Futu Securities shall not be liable for any direct or consequential loss arising from any use of material contained in this Report.

      The information contained in this Report has been obtained from public sources which Futu Securities has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in this Report are based on such information and are expressions of belief only.

      Futu Securities has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in this Report is subject to change, and Futu Securities and/or its affiliated companies (collectively the “Futu Group”) shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will Futu Securities be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages.

      Any opinions, forecasts, assumptions, estimates, valuations and prices contained in this Report are as of the date indicated and are subject to change at any time without prior notice.

      This Report is intended for general circulation only and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. This Report should not and does not constitute an offer, solicitation, invitation, recommendation for buying or selling of investment products or as basis on making any investment decision, or constitute as professional advice from any member of Futu Group. The products mentioned in this Report may not be suitable for all investors and a person receiving or reading this Report should seek advice from a financial adviser regarding the suitability of such products, taking into account the specific investment objectives, financial situation or particular needs of that person, before making a commitment to invest in any of such products.

      This Report should not be relied upon as authoritative without further being subject to the recipient’s own independent verification and exercise of judgment. The fact that this Report has been made available constitutes neither a recommendation to enter into a particular transaction nor a representation that any product described in this Report is suitable or appropriate for the recipient. Recipients should be aware that many of the products which may be described in this Report involve significant risks and may not be suitable for all investors, and that any decision to enter into transactions involving such products should not be made unless all such risks are understood and an independent determination has been made that such transactions would be appropriate. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or a complete discussion of such risks.

      This report is provided by Futu Securities, which is regulated by the Securities and Futures Commission of Hong Kong (SFC) in Hong Kong. If you have any questions about the Futu Securities Research Report, please contact Futu Securities. The CE number of SFC held by the author has been disclosed next to the author's name on the front page of the Report.

      Nothing in this Report shall be construed to be an offer or solicitation for the purchase or sale of a security. Any decision to purchase securities mentioned in this research should take into account existing public information, including any registered prospectus in respect of such security.

      The Relevant Report does not have regard to any individual-specific investment objectives or financial situation. Individual investors should seek professional advice from an independent financial adviser, and refer to the relevant offering documents and/or other latest published information on the ETF including the risk factors regarding the suitability of specific investment products.

      Information in the Relevant Report has been obtained or derived from sources generally available to the public and believed by the analyst(s) to be reliable.

      All investments carry risks, and it is possible to lose the entire investment amount. Any past performances, projections, forecasts or simulation of results are not necessarily indicative of the future performance of any investments.

      The ETF has not been and will not be authorised by the SFC under section 104 of the SFO. The Relevant Report does not constitute an advertisement, invitation or document which is or contains an invitation to the Hong Kong public to acquire an interest in or participate in a collective investment scheme under section 103 of the SFO.

      | Certification |

      Analyst(s) certified that (i) the views expressed in this Report accurately reflect his/her personal views on the listed corporation in this Report; and (ii) no part of his/her compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this Report.

      Analyst(s) certified that he/she and/or his/her associate did not deal in or trade the listed corporation or its relevant securities within the 30 days prior to and 3 business days after the issue of this Report.

      | Disclosure of Interest |

      Analyst Disclosure: Neither the analyst(s) preparing this Report nor his/her associate has any financial interest in or serves as an officer of the listed corporation covered in this Report.

      Firm’s Disclosure: Futu Securities does not have any investment banking relationship with the listed corporation covered in this Report in the past 12 months nor any financial interest of 1% or more of the market capitalization in the listed corporation. In addition, no executive staff of Futu Securities serves as an officer of the listed corporation.

      | Availability |

      The information, tools and material presented herein are not directed, intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution, publication, availability or use would be contrary to the applicable law or regulation or which would subject Futu Securities to any registration or licensing or other requirement, or penalty for contravention of such requirements within such jurisdiction.

      Information contained herein is based on sources that Futu Securities believed to be accurate. Futu Group and/or relevant personnel (i.e., employees of Futu Group) may have positions and transactions in relevant investment products. Futu Group and/or relevant personnel does not bear responsibility for any loss suffered by the investor from the use of or reliance on the information set out in this report.

      For details of different product's risks, please visit the Risk Disclosures Statement on http://www.futuhk.com.

      This Report is written in Chinese and English, and the two versions are equally valid. If there is any contradiction between the two versions, the English version shall prevail.


      Expand

      Recommended

      Column
      Best
      Popular