Yaocai poll points that the proportion of retail investors in Hong Kong stocks has fallen. Xu Yibin: Hong Kong people don’t give up Hong Kong stocks

Yaocai Securities announced the 2022 general market prospective opinion survey report, the overall securities investment return profit performance from the beginning of 2021 to the present, 62% of the respondents said that the investment return was average, with a profit of less than 10%; the profit margin was 10% to 30% 26%; profit margin of over 30% is only 7%.

According to Xu Yibin, Executive Director and Chief Executive Officer of Yaocai Securities, the focus of this poll includes that the proportion of retail investors investing in US stocks has increased from 10% in the previous survey to 16.5%; as for Hong Kong stocks, it has fallen from 83% to 72%. , Obviously related to the performance of market conditions.

In terms of sectors, technology stocks are still the most profitable sector for retail investors, with about 29.9% of the respondents; however, they have fallen sharply from the 50% level reported in the previous report.

Regarding the forecast of the Hong Kong stock market in the fourth quarter, 33% of the respondents are positive; 18% are weak; and nearly half of the respondents (49%) remain neutral.

For 2022, about 33.4% of the respondents expect the Hang Seng Index to be above 28,000 points; 38.2% believe that it will be between 26,500 and 27,999 points; this means that more than 70% of the respondents believe that the Hong Kong stock market will be higher than the current level next year.

The weak recovery of the new stock market depends on two conditions

Regarding the weakness of the Hong Kong stock market, Xu Yibin believes that the atmosphere is the dominant performance. With the frequent introduction of regulatory measures, it is time to deploy the next wave of trends.

As for new stocks, he is not optimistic, unless the market bottoms out and the main board turnover reaches more than 200 billion yuan, the new stock market can become active.

Xu Yibin said with a smile that some recently said that it was abandoning Hong Kong stocks to buy US stocks. He hoped that Hong Kong people would not give up Hong Kong stocks and switch to US stocks, hoping to continue to support Hong Kong stocks.

Regarding the recent naming and criticism of cross-border brokerages by officials and official media, Xu Yibin pointed out that after the announcement of relevant news, the number of accounts opened from October to November increased by 10% to 20% on a monthly basis. Said "comers never refuse."

Hong Kong stocks will fluctuate from 24,000 to 26,000 points

Zhi Yaohui, director of the research department of Yaocai Securities, pointed out that although the valuation of Hong Kong stocks is more attractive than that of US stocks, it is expected that the market situation next year will still be dominated by domestic regulatory measures, depending on whether the regulation will be loosened.

He estimated that, in addition to industry regulation, domestic real estate debt and economic prospects have caused investors to adopt a wait-and-see attitude, which is expected to trouble the trend of Hong Kong stocks, which will fluctuate from 24,000 to 26,000 in the short term.

The sector is more optimistic about the concept of new energy and electricity storage, especially electricity storage is a global demand.

Huang Zehang, deputy manager of Yaocai Securities Research Department, said that this year’s A-share pattern is clear. Small and medium-sized companies outperform the Shanghai Index by a large margin. However, under the influence of short-term economic growth and inflationary pressure expectations, it is not easy for the Shanghai Index to regain 3731 points. It is recommended that the deployment takes into account economic transformation. Trends, changes in policy logic and changes in funding styles.

He said that under the 14th Five-Year Plan, new energy stocks continue to be optimistic, while the past oversold sectors such as technology network, liquor, domestic housing, and home appliances may see a rebound, but it is difficult to have a long-term trend.

In terms of new energy, Huang Zehang believes that there is policy support for power generation and storage, "you can't go wrong."