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[Interim Results] Hong Kong stocks’ earnings season ends, the market waits for a bottoming out and a rebound

2021-09-06T09:49:05.810Z


After the Hang Seng Index broke net in August, it ushered in a valuation recovery rebound. Hong Kong stocks continued their upward trend last week today, opening low and moving high, closing at 26,163 points, rising 261 points throughout the day, with a turnover of 146.317 billion yuan. Although the market is in Tencent (070


After the Hang Seng Index broke net in August, it ushered in a valuation recovery rebound.

Hong Kong stocks continued their upward trend last week today, opening low and moving high, closing at 26,163 points, rising 261 points throughout the day, with a turnover of 146.317 billion yuan.

Although the market has risen under the leadership of Tencent (0700), the outlook still seems uncertain and it remains to be seen whether it can stabilize at 26,000.


Taking stock of the performance of listed companies in the first half of this year, among the 58 constituent stocks of the HSI, 43 companies had positive net profit growth in the first half of the year, compared with 17 in the same period last year, with an average growth rate of approximately 62%; from a sector perspective , Finance is still the most profitable industry, while the largest losses are concentrated in the aviation and biomedical sectors.

However, affected by the mainland's regulatory policies, Hong Kong stocks have generally been in a downturn earlier, and companies with stable performance such as Tencent (0700) and Ali (9888) have also experienced declines, and even their share prices have been cut in half.

At present, the Hang Seng Index is still at a low level and its valuation is attractive, but there are still uncertain policy risks. Is the recent uptrend of the Hong Kong stocks a signal that the bottom has been built, or is funds pulling up shipments?

In the medium to long term, will it move up or continue to bottom out?



For detailed analysis, please read the 281th "Hong Kong 01" Electronic Weekly Report (September 6, 2021) "

Hong Kong Stocks Earnings Season Ends and the Market Waits for a Rebound

".

If you want to read the full text, please

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sample the weekly e-newsletter and browse more in-depth reports.

Highlights of the 281th weekly report:

The all-round rectification storm related to the "good life" is not simple

Relaxing the practice of non-local doctors to improve manpower problems in the long run

Zheng Songtai was "unknown cause of death" by DQ

The Sixth Plenary Session of the 19th Central Committee is different from the past, or the CCP will issue a third "historical resolution"?

Reasons for the U.S. defeat in Afghanistan

The development of "comprehensive universities" led by academic oligarchs|University Reform No. 2

"Medicine and Xiatong" must be changed from one-way to two-way in order to truly benefit the country and Hong Kong

Source: hk1

All news articles on 2021-09-06

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