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<Research>CICC: HSI Forecasted to Be 23,000-24,000 on Base Case Scenario, 26,000 at Optimistic Scenario, Supported by Earnings Upside
Recommend 55 Positive 115 Negative 47 |
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Hong Kong stocks' oscillation weakened last week, with XIAOMI-W (01810.HK)'s high share placement, discussions of a global data center investment bubble, and US President Donald Trump's announcement of a 25% tariff on imported cars and parts dampening market sentiment, according to CICC's recent research report. The recent catalyst was relatively insufficient, overlapping with emotional disturbances from short-term events such as XIAOMI-W's share placement and Trump's tariff hike, resulting in market shock and callback as sentiment and valuation have been overdrawn, which is consistent with the broker's previously suggested reasonable range of 23,000-24,000, or 25,000 under optimistic forecast, and judgment of not suitable for pursuing high in this position. Regarding the next direction of Hong Kong stocks, CICC expected the HSI to benchmark at 23,000-24,000, with an optimistic scenario of 26,000 supported by upside in earnings, and investors to actively buy on dips, and conduct profit-taking moderately in times of exuberance. AAStocks Financial News |
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