Financial News
Written by: Ou Jiajun
2020-12-29 17:35
Last update date: 2020-12-29 17:35
Shen Jialin, director of FSM's portfolio management and research department, said that the economic recovery next year will benefit risky assets. It is recommended that investors adopt the strategy of "heavy stocks but light debts" next year, and are optimistic about the stock markets of China, Hong Kong, South Korea and emerging markets. Heng pointed out that the most optimistic forecast at the end of the year can reach 32,000 points, and it is expected to rise to 36,000 points by the end of 2022.
Shen Jialin pointed out that with the listing of new economic companies in Hong Kong and joining Xiaomi Group (1810), WuXi Biologics (2269), Meituan (3690), etc. this year, the HSI earnings growth rate will accelerate and the valuation of Hong Kong stocks will increase accordingly. It is expected that the Hong Kong stock market environment will continue to improve.
He said that in addition to the new economy stocks, insurance stocks and domestic insurance stocks are optimistic about the profit growth rate. If the domestic banking stocks usher in a valuation restoration, it will also promote the index.
The anti-monopoly storm hit the leading technology network head-on. He believes that policy risks have always existed. He also pointed out that anti-monopoly mainly targets Alibaba (9988), and mentioned that digital financial supervision has the greatest impact on Alibaba's ants.
It was originally expected that in the worst case, Ant was revoked its financial license, and Ali needed to "dismantle" the business. However, the latest report stated that Ant was required to comply with regulatory restrictions, so it did not cause much damage to Ali's fundamentals.
In addition, the market is worried that the knock-on effect will affect other technology companies. However, he believes that the impact of Tencent (0700) and Meituan and other technology and Internet stocks is relatively small. The recent fall is a mistake, and investors can take advantage of it.
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