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<Research>BOCI Upbeat about 4Q HK Stock Mkt, Recommends ST Focus on Major Banks/ Large State-owned Developers/ Construction Leaders/ Quality Consumers
Recommend 79 Positive 136 Negative 56 |
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The turnover of the Hong Kong stock market reached a historic high over the past two weeks, BOCI released a report stating. The broker believes that the current inflow of funds into Hong Kong stocks is mainly from trading funds and passive funds, and the market will continue to show drastic volatility in the short term. In addition, it is believed that a more flexible monetary policy and a comprehensive proactive fiscal policy mix are key to driving economic growth and improving the fundamentals of listed companies, which will aid in the recovery of stock market valuations. The broker remains optimistic about the outlook for the Hong Kong stock market in 4Q. In terms of major investment strategies, it recommended that investors should focus more on major banks, large state-owned property developers, leading construction companies, and quality consumer stocks in the short term. AAStocks Financial News |
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