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<Research>BOCOMI: Positive Improvement Expected in Int'l/ Domestic Mkts w/ Positive Catalyst for HK Stocks; Focus on 3 Main Lines Suggested
Recommend 143 Positive 257 Negative 118 |
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The global tariff situation eased significantly recently, especially after the China-US economic and trade talks in Geneva, where the US suspended its 24% “reciprocal tariffs” on China and canceled tariff measures that will be implemented after 8 April 2025, and China suspended or canceled its tariffs on the US after its reciprocal countermeasures, BOCOMI released a research report saying. This progress reduces the US tariff level on China from a maximum of 145% to 30%, and China's tariff on the US from 125% to 10%, further contributing to an improvement in global risk sentiment. BOCOMI added Hong Kong stocks are expected to see a positive catalyst from the positive improvement in international and domestic conditions. In terms of industry recommendations, BOCOMI recommended investors to focus on 3 main lines. Of which, the broker continued to be optimistic about the main line of technological innovation, including technology hardware and internet technology, which are expected to benefit from the policy support and the dual-driven demand growth. With still relatively high external uncertainties, as well as liquidity easing and low interest rate environment, the attractiveness of high dividend will continue to increase. Hence, BOCOMI suggested focus on banks, utilities and telecoms. Under the environment of lowering RRR and interest rates, financial service providers such as brokers and insurers will directly benefit from the increase in market activity and the rebound in risk appetite. Another beneficiary will be Hong Kong's high-quality leaders in the consumption sector that are expected to benefit from the continued implementation of consumption support policies. AAStocks Financial News Website: www.aastocks.com |
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