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Julius Baer Keeps HSI 1-yr Target at 19,500, Expects Recovery in IPO Mkt to Remain Slow
Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, maintained his 12-month target price on the HSI at 19,500, as he believed that the economic performanc...
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Julius Baer Keeps HSI 1-yr Target at 19,500, Expects Recovery in IPO Mkt to Remain Slow
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Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, maintained his 12-month target price on the HSI at 19,500, as he believed that the economic performance of China's property and industrial markets will have a greater impact on Hong Kong's stock market performance than the rate cut pace of the US Fed.

In addition, although China released five capital market cooperation measures with Hong Kong, which include supporting the listing of industry leading Chinese enterprises in Hong Kong, the recovery of Hong Kong's IPO market is expected to remain slow, as the current sentiment of Hong Kong stock market is not particularly good, Tang added.

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