2023-11-21 05:28:05
Multiple factors have boosted the Hong Kong stock market in the recent past. The software services and pharmaceutical sectors may be the first to recover.
2023-11-21 13:28:05
Since November, relevant departments have successively launched a number of reform systems for the Hong Kong stock market, the Hong Kong SAR government has promoted the implementation of stamp duty cuts, and U.S. inflation has cooled down more than expected… The concentrated release of multiple external positive factors has enhanced the competitiveness of the Hong Kong stock market. Directly promote the effect.
As of the close of trading on November 20, the three major Hong Kong stock indexes have experienced significant monthly growth. Among them, the Hang Seng Index has a monthly increase of 3.89%, the State-owned Enterprise Index has a monthly increase of 4.12%, and the Hang Seng Technology Index has a monthly increase of 8.47%.
Recently, Guotai Junan released a research report that believes that the central government’s increased leverage will provide a backing for the credit cycle, but the financing needs of the private sector still need policies to boost Hong Kong stock earnings expectations and social financing. The mid- to long-term trend of Hong Kong stocks depends on the profit side. . The recent rebound in Hong Kong stocks has mostly been driven by overseas factors such as the easing of Sino-US relations. Therefore, we should focus on the progress of easing of Sino-US relations. If the easing of relations will have a certain boost to the sentiment of Hong Kong stocks, Hong Kong stock software services and the pharmaceutical sector may be the first to benefit.
In fact, since November, it can be seen from external information that some stocks in the software services and medical sectors have also shown active market conditions to varying degrees.
On November 16, Chinasoft International (00354.HK) announced that Chinasoft International and Shanghai Lepu Cloud Intelligence Technology have signed a cooperation agreement. In the future, Chinasoft International (00354.HK) will rely on its R&D accumulation and system foundation in Hongmeng Ecosystem. Through one-time development, Multi-terminal deployment, the service is installed on different devices such as mobile phones, tablets, wearable watches, etc., to create more intelligent, considerate and continuous diagnostic services for Lepu users, and promote the comprehensive upgrade of digital services.
The Chinese Society of Automation recently announced the evaluation results of the 2023 “Science and Technology Progress Award”. AsiaInfo Technology (01675.HK) and Tsinghua University’s “Computing Power Endogenous Network Key Technologies and Applications” won the “2023 China Automation Society Technology First Prize for Progress”.
From November 2 to 3, Xinyue Technology (09600.HK) successfully participated in the 2023 Hong Kong Fintech Week exhibition, and plans to actively devote itself to serving the digital construction needs of the Greater Bay Area represented by the Hong Kong market, and give full play to its self-developed technology The advantages of technological transformation in the ecological field of the financial industry strive to provide more valuable solutions to customers in various regions and promote the sustainable development of technological innovation and technology applications in the financial field.
At the 6th China International Import Expo, Ruici Medical (01526.HK) and GE Healthcare signed a strategic cooperation agreement. The two parties will cooperate to consolidate the digital intelligence innovation platform and increase digital integration innovation to enable more medical scenarios. While improving the in-depth integration of AI and digital technology with medical equipment management and services, we will continue to improve the accessibility of precision medicine and high-quality medical resources.
Regarding the Q4 and future development possibilities of Hong Kong stocks, CICC has judged that it will not be difficult for Hong Kong stocks to rebound in a restorative manner from the end of 2023 to the beginning of 2024, driven by the fall in U.S. bond interest rates, China’s policy efforts and the improvement of Sino-U.S. relations. Greater space awaits more “symptomatic” policies. Guotai Junan recommends paying attention to the growth style of Hong Kong stocks in the fourth quarter of investment and increasing allocation of dividend assets on long-term dips. The current market environment is similar to the “Mini version” of Q4 in 2022. The direction of failure in Q4 of 2023 is the fall in U.S. bond interest rates, and more policy support is needed on the profit side. It is expected that the magnitude of this round of rebound may be weaker than the former.
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