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BRIGHT SMART: Initial HSI Target for 2025 Ranges from 21,500 to 22,000 w/ Most Optimistic Forecast at 25,000
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Although 2024 HSI is expected to beat the “four consecutive losses” from 2020 to 2023, there is a high degree of uncertainty in the political and economic situation in the US, China and the world, after Donald Trump was re-elected as the US President, Stanley Chik, a research head at BRIGHT SMART (01428.HK), said. Meanwhile, it still takes time to deal with the debts of China's local governments and its property sector. Therefore, the market condition in 2025 will be uncertain, and its current view on Hong Kong's stock market is still relatively cautious for 2025. BRIGHT SMART's initial target for the HSI next year is between 21,500 and 22,000, longing for the improvement in US-China relations, the gradual outcome of China's stimulus measures, the better-than-expected recovery in China's property sector, and the rebound in RMB exchange rate driven by higher-than-expected interest rate cuts by the US Fed. The HSI is expected to challenge 25,000 under the most optimistic scenario. AAStocks Financial News |
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