[Pneumonia Bear Market] Tan Langwei expects HSI to rebound in the short term, stockholders do not need to rush to sell

Financial news

Written by: Xu Shihao, Lin Leqian

2020-03-13 13:28

The global stock market disaster, the Federal Reserve urgently flooded the market, but the US stock market still has a catastrophe. The Dow fell sharply at 2352 points or 9.99% to close at 21,200 points overnight, the biggest one-day drop since "Black Monday" in 1987. The benchmark index tumbled 9.51%, and the Nasdaq index fell 9.43%. On the other hand, the European benchmark index posted its largest historical drop of 11%.

Hong Kong stocks were also “no operation”. The opening of the market plummeted. The HSI opened at 22,519 points, down 1789 points or 7.36%, and its decline narrowed in the afternoon. "Hong Kong 01" called Tan Longwei, co-director of Fuchang Securities, to analyze the market outlook with readers.

Hong Kong stocks may rebound to test 24,540 points in the short term

Tan Langwei described that the decline of the three major US stock indexes yesterday is very critical. Since the financial tsunami in 2008, there has been a 11-year bull market in the US stock market. In addition to the Dow being dragged down by weak stocks such as Boeing, the Nasdaq and the benchmark are still on the upward track. Therefore, if the US stocks can stabilize, it has now reached the bottom; if the US stocks are unable to stabilize, that is, the 11th consecutive year of the bull market has ended, it is not ruled out that there will be a third meltdown this month or trigger a new financial crisis.

Although the opening of the Hong Kong stock market today fell by nearly 1,800 points, a large white candlestick with an increase of about 1,500 points in the afternoon is a clear "short-term bottom." The market outlook may rebound in the short term. On the test at the end of October last year, 24,540 points, even more The chance touched 26,000 points. In this case, he advised investors not to rush to sell, but should not be too aggressive.

5G shares such as China Tower

In terms of individual stocks, he believes that investors can start with strong stocks. Because the mainland must rely on infrastructure to stimulate the economy, it is recommended to introduce 5G shares such as the leading stock China Tower (0788). It is expected to test 2.2 yuan. In addition, Beijing Telecom (2342) and ZTE (0763), infrastructure and cement plates can also be absorbed.

As for Tencent (0700), Alibaba (9988), and Meituan Reviews (3690), he thinks it can be a "bottom", but only short-term speculation, not long-term investment, because the US stocks have weakened rapidly, there is still a chance for the long-term trend to turn down . In terms of bancassurance stocks, he believes that HSBC (0005) will sooner or later fall to a low of more than 30 yuan, as the stock prices of global banks have all dropped to historical lows; AIA (1299) is expected to rebound to 72 yuan in the short term due to the drag on China and Hong Kong business. Get started.

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