Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCOMI Expects HK 'Slow Bull' Mkt Trend to Persist; CN Investors Show Strong Demand for AI/ Other Quality Targets
Recommend 28 Positive 48 Negative 24 |
||||
|
||||
|
BOCOM International’s report wrote that the external environment continued to marginally improve, with market risk appetite steadily heightening. In September, Hong Kong stocks sustained an uptrend amid fluctuations, underpinned by the resumption of China-US negotiations and expectations of overseas interest rate cuts, alongside a rotation-driven rise in the tech sector, rendering major support to the broader market. The external environment remained favorable, with China-US trade talks resuming, and both sides engaging in discussions on key issues such as tariff cuts and export controls, raising market expectations for progress in bilateral relations. Meanwhile, China's macro policies remained consistent and stable, with a well-stocked “growth stabilization” policy toolbox, providing fundamental support for Hong Kong stocks. The broker noted that Hong Kong stock liquidity tightened at one point in late August, with the 1-month HIBOR approaching levels above 3.9%, but as the Fed's rate cuts took effect, the HKD interest rate median declined from its high. Southbound funds continued to accelerate inflows in September, with net inflows exceeding HKD1.1 trillion YTD, setting a new historical high. Propelled by the technology narrative, both investments in computing power at home and abroad continued to expand, it was expected that mainland investors' demand for quality targets such as AI in Hong Kong stocks remained robust. The broker also listed recommended Chinese stocks for October, including Qfin Holdings, Inc. (QFIN.US), FORTUNE REIT (00778.HK), OMNIVISION (603501.SH), KUAISHOU-W (01024.HK), Alibaba (BABA.US)(09988.HK), SINOTRUK (03808.HK), AKESO (09926.HK), POP MART (09992.HK), and CHINA POWER (02380.HK). AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
