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Domestic investment in the south to sweep goods 3.6 billion Fund managers said the Hong Kong stock valuation is low is worth buying

May 15, 2019 00:33
source: Daily economic news
edit:Eastern Fortune Network

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Summary
[Domestic capital 3.6 billion in the south today, the fund manager said that the valuation of Hong Kong stocks is low to buy] After the holidays, today (May 14) is the first trading day of the Hong Kong stock market this week. In the context of the decline in global markets, the Hang Seng Index fell by 1.5%. The reporter noted that although the Hang Seng Index and most stocks in the Hong Kong stock market fell, this did not prevent mainland funds from sweeping south. In addition, some mainland fund managers told reporters: "Now is a good time to invest in Hong Kong stocks." (Daily Economic News)

After the holidays, today (May 14) is the first trading day of the Hong Kong stock market this week. In the context of the decline of the global market,Hang Seng IndexIt fell by 1.5%.

"Daily Economic News" reporter noted that althoughHang Seng IndexMost stocks in the Hong Kong stock market fell, but this did not prevent mainland funds from sweeping south. In addition, there are also mainlandfundThe manager told reporters: "Now is a good time to invest in Hong Kong stocks."

  Hong Kong stocks continued to weaken after entering May

After entering 2019, the Hong Kong stock market continued to perform well.Hang Seng IndexIt also broke through the 30,000 mark again. However, in the traditional off-season of the Hong Kong stock market in May, the market began to weaken.

Since May this year,Hang Seng IndexIt has fallen by 5.31%, and there are two trading days that have fallen more than 2% so far this month. Today (May 14),Hang Seng IndexIt opened lower at 27,951 points and opened lower and oscillated throughout the day. It closed at 28,122 points and fell 1.5% throughout the day. The turnover of the main board in the Hong Kong stock market reached 124.5 billion Hong Kong dollars.

In today (May 14th)Hang Seng IndexIn the constituent stocks,Link Real Estate Fund(00823, HK),Yangtze River Infrastructure Group(01038, HK),Hong Kong and China GasLocal stocks such as (00003.HK) rose more, rising by 3.81%, 2.07% and 1.71% respectively. At the same time, gaming stocks became the most underweight HSI stocks today (May 14).Galaxy Entertainment(00027, HK) andSands China Ltd.(01928, HK) fell 5.24% and 4.95% respectively. In addition,Hang Seng IndexThe largest two heavyweightsTencent Holdings(00700.HK) andHSBC Holdings(00005, HK) fell by 2.98% and 0.9% respectively.

However, the "Daily Economic News" reporter noted that although today (May 14) Hong Kong stock market fell 1.5%, but the mainland funds are still a lot of south to sweep the goods. byHong Kong Stock ConnectNet domestic investment in the channel was HK$3.614 billion.

From the stocks,Tencent Holdings,ICBCH shares,Construction bankH-shares were the net purchases, reaching HK$78 million, HK$665 million and HK$525 million respectively (according to HKEx's top ten active shares).

Hong Kong stocks with the most net purchases on May 14:

  fund company: Hong Kong stock valuation is still not high

Due to the long-term valuation of the Hong Kong stock market is lower than other major stock markets in the world, coupled with its special status, the mainland funds are actively participating in the trading of Hong Kong stocks after the opening of the Shanghai-Hong Kong Stock Connect.

  Industrial SecuritiesZhang Yidong pointed out that for the medium-term outlook, the dawn of medium-term profit of core assets in various fields will be explored and continue to strengthen. The biggest bright spot for Chinese listed companies in the first quarter of 2019 is that in the context of improved liquidity, large-scale tax cuts and reduced fees, operating cash flow has improved significantly, and profitability has stabilized. In addition,Net profitAlthough the growth rate is still sluggish, it has improved significantly compared with the fourth quarter of last year.

For the current market adjustment, Zhang Yidong also mentioned: "Adjustment is a good opportunity to buy core assets and fall out of better opportunities."

In addition to Hong Kong stocks, Qian Yang, co-investment director and fund manager of Qianhai Open Source Fund, told the reporter of "Daily Economic News": "I think it is a good time to invest in Hong Kong stocks, because the medium and long-term trend of Hong Kong stocks is mainly affected by two Factor influence: China's economic fundamentals and the Federal Reservecurrencypolicy. These two factors are very unfavorable to Hong Kong stocks in 2018. From this year's point of view, these two factors are all from the unfavorable to the favorable turning point. Therefore, from the perspective of the joint force, the probability of the trend will rise upwards. In addition, the current valuation of Hong Kong stocks is even lower at the historical level. The above positive factors are superimposed, so we think that it is currently investing in Hong Kong stocks.Hershey'spoint. ”

(Article source: Daily Economic News)

                                (Original title: Domestic investment today 3.6 billion in the south to sweep goods. Fund managers said that the valuation of Hong Kong stocks is low to buy)

                                (Editor: DF155)

 
 
 
 

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