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KGI Lists 6 HK Stock Picks; Mkt Sentiment the Bigger Driving Force in 4Q
Recommend 30 Positive 54 Negative 17 |
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KGI released its 4Q global market outlook, suggesting that the previously proposed global strategy "GUIDE", namely gold, utilities, investment-grade bonds, defensive stocks, and the Easter region, can still be applied in 4Q. The broker listed six top Hong Kong stocks for 4Q, including HKEX (00388.HK), PING AN (02318.HK), CHINA STATE CON (03311.HK), TECHTRONIC IND (00669.HK), CHINA MOBILE (00941.HK), and BOC AVIATION (02588.HK). According to market forecasts for the HSI constituents, their blended 12-month earnings are $2,200, corresponding to the HSI at 23,210. If the overall market investment sentiment does not weaken and the implementation of China's policies is stronger than expected, the HSI valuation is expected to reach 11.5 times the P/E ratio, which is 1SD above the past five years, corresponding to the HSI at 25,300. AAStocks Financial News |
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