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CCBI Forecasts HK Bourse to Present Ascending Trend in 2025, HSI to Jolt between 18,000 & 23,000
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Zhao Wenli, managing director, head of research and chief strategist of CCB International Securities Research Department, said that the market outlook for 2025 is relatively divided, but the consensus believed that it is more important to improve fundamentals when the external environment is full of unfavorable factors, in order to lay the foundation for the next year's growth.

The broker forecast that the Hong Kong stock market will continue to experience a “bear-bull switch” in 2025, and the Hong Kong stocks for the whole year will present an ascending trend, with the pivot of fluctuation moving upward. The HSI was expected to jolt between 18,000 and 23,000, with a corresponding 8.5-10.5x P/E, taking into account the capital retraction under the overseas repercussions.

Related NewsM Stanley's APxJ Focus List (Table)
CCB International Securities listed the top 10 focus stocks for 2025 as TENCENT (00700.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK), AAC TECH (02018.HK), XIAOMI-W (01810.HK), CPIC (02601.HK), GEELY AUTO (00175.HK), CHINA SHENHUA (01088.HK), ZOOMLION (01157.HK) and AKESO (09926.HK), which were all rated Outperform.
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