The Hang Seng Index closed down 2.30%, the Hang Seng Technology Index fell 4.52%, and large technology stocks plummeted across the board.NetEaseFell more than 11%,Bilibili, Tencent fell more than 8%. Evergrande concept stocks fell collectively,Evergrande MotorFell 13.81%.
Institutional City
Everbright Securities: Hong Kong stocks have limited downside
Everbright SecuritiesSaid that historically, if Hong Kong stocks fell due to specific risk events, subsequent rebounds may require relatively clear signals of relaxation. However, the current Hong Kong stocks have shown some signs of bottoming. Even if relevant policies continue to be introduced, the downside of Hong Kong stocks may be relatively limited. In terms of configuration, since there is no significant policy bottom signal, relatively short-term funds can buy scarce growth targets that have been mistakenly killed by market sentiment. It is recommended to pay attention to: 1) stocks with scarce growth such as electronics,food and drinkAnd property; 2) the machinery and building materials industries that benefit from the expected warming of domestic infrastructure and the marginal improvement in prosperity; 3) the aviation and catering industries that benefit from the recovery of the travel industry chain. Relatively long-term large funds can gradually intervene in Internet-related companies.
Everbright SecuritiesThe Hong Kong stocks recommended by the institute in September:Poly Property(06049)、China Jinmao(00817)、Hong Kong Stock Exchange(00388) CRRCTimes Electric(03898) Chinasouthern AirlineShares (01055),Yihai International(01579)、China Resources Beer(00291)、Sunny Optical Technology(02382)、Kingdee International(00268)、Kuaishou-W(01024)、Tencent Holdings(00700)。
(Source: Zhitong Finance)
(Source: Securities Times Net)
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