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HSBC Global Asset Management: Hong Kong stocks will be back in 2021, and the regulatory haze will create opportunities for technology stocks to enter the market

2020-12-17T10:13:35.570Z


HSBC Global Investment Management released its investment outlook for 2021, predicting that technology and health care stocks will continue their upward trend in the long-term, and recommends that sustainable development be incorporated into investment strategies. The Hong Kong stock market performed poorly this year. The bank’s China and


Financial News

Written by: Ou Jiajun

2020-12-17 17:59

Last update date: 2020-12-17 18:00

HSBC Global Investment Management released its investment outlook for 2021, predicting that technology and health care stocks will continue their upward trend in the long-term, and recommends that sustainable development be incorporated into investment strategies.

The Hong Kong stock market has performed poorly this year. Shen Yu, head of the bank's China and Hong Kong stocks department, said that financial stocks still account for a high proportion of the HSI, and local stocks such as banks and real estate stocks are affected by local social events and the new crown epidemic.

Shen Yu (1 from right), head of China and Hong Kong Equity Department of HSBC Global Investment Management, said that the epidemic has accelerated the transformation of the digital economy and promoted the profit growth of technology stocks.

(Provided by the company)

However, she expects that the performance of the Hong Kong stock market will resume next year, as the new crown vaccine will be released one after another, which is conducive to the normalization of economic activities and the tourism industry. The short-term performance of the Hong Kong stock market may be better than the onshore A-share market. Earnings per share are forecast to increase by 15% to 20%.

Shen Yu said that the epidemic has accelerated the transformation of the digital economy and promoted the profit growth of technology stocks. Although the technology industry faces uncertain regulatory factors, he believes that technology companies have become the main driving force and an important part of China's economic growth, and they can create more jobs than the old economy. , Believes that the authorities will not exert great pressure, but only keep up with the regulatory rules to make the industry develop in an orderly and healthy manner. However, the business model, growth strategy, and human resources of Chinese technology companies are highly competitive. If the stock price falls, it will It is an opportunity to absorb related stocks. For example, China’s promulgation of the rule of restricting game play since the previous year proved to be a good time to enter the market for related stocks.

She believes that next year's investment themes can pay attention to the recovery sector, including tourism, aviation, and the Bank will pay attention to three growth themes, including "internal circulation" such as health care, education, property management; digitalization such as social media and games, electronic parts , Software, cloud computing; green economy themes such as new energy, electric vehicles, industrial automation, etc.

HSBC Hong Kong Stock Market

Source: hk1

All news articles on 2020-12-17

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