Financial news
Written by: Yue Yueting
2019-12-10 19:15
Last updated: 2019-12-10 19:15Hong Kong's economy is in recession and the stock market is more volatile. Everbright Sun Hung Kai Securities strategist Wu Lixian believes that due to the external economic recession, geopolitical situation, and the Sino-U.S. Trade war, it is expected that there will only be a range of profit opportunities in the Heng indicated year, and the annual target is 30,000 points; The SSE Composite Index's annual target is 3,400 points.
Wu Lixian estimates that the market's longing for China and the United States or reaching the first phase of trade will help the HSI rise in the middle of next year, showing a "low, high and then low" trend throughout the year, but the impact of social instability and economic downturn will make Heng Means to test a low of 24,000 points from the end of the first quarter to the second quarter of next year, and it is expected to see a high of 30,000 points before the US presidential election.
Everbright Sun Hung Kai foreign exchange strategist Ren Xiaoping said that the Chinese economy has downward pressure, coupled with the concentration of local and corporate bonds maturing next year, and debt risks increase. It is estimated that the People's Bank of China will continue to cut interest rates and lower standards to support the economy. The renminbi has the opportunity to run rampant from 6.96 to 7.19 and even fall to the 7.4 level.
Morgan Stanley raises Heng's target by the end of the year to 27,500
Hong Kong's economic outlook is hazy, but the IMF expects private consumption to become a driving force to pick up growth next year
Survey: Only 24% of commercial organizations plan to hire additional staff in the first quarter of next year and expect a salary increase of 2.7%
Everbright Sun Hung Kai HSI Hong Kong Economy
