10/1/2018-5

Into 2018 Hong Kong stock bullish is not reduced

Hong Kong stocks plunged 341 points the previous week, taking the wave again last week, creating a four-week lien. Since the first trading day of 2018 on Tuesday, Hong Kong stocks have been fighting harder and harder with more than 10-year highs. Last week, the Hong Kong stocks rose day by day and even rose by 9% for a total of 1580 points (5.41%).

On New Year’s Day last Monday, Hong Kong stocks only had 4 trading days last week. On Tuesday, the first trading day of the new year, the People’s Bank of China announced the implementation of a short-term targeted RRR cut. Its overnight overnight interest rate fell 1.34% to 0.68% Qi Zouzheng, the Hang Seng Index closed at 30515 points the day high, surged 596 points. The Nasdaq broke the 7000 mark Tuesday night. Hong Kong stocks reversed again on Wednesday. Tencent (700) gradually narrowed its gains in the afternoon and continued to rise 45 points for the day. Last month, Caixin China’s service PMI recorded record highs and a half high in nearly three years. The Shanghai Composite Index continued to rise. Hong Kong stocks continued to improve on Thursday. The “Three Barrels of Oil” exerted strength to support Hong Kong stocks to rise 175 points to end at 30,736 points. Last Friday in the two real estate stocks together to flush, coupled with the oil stocks continue to catch up, the stimulus index once rose 174 points higher 30911 points, a new 10-year high since November 2007, eventually closing 78 points daily 30814 points.

Last week the Hang Seng rose 895 points (2.99%) to finish at 30,814, up 2174 points (7.59%) for the fourth consecutive week. The H-Share Index outperformed the Hang Seng Index by 502 points (4.29%) and closed at 12211 points throughout the week. Last month, Hong Kong topped the darling of Hong Kong Stocks, with daily average daily turnover of Hong Kong stocks rising about 64% to 128.63 billion yuan. A-share stocks also rose for the sixth day in the New Year’s start. Last week, the A-shares closed at 3391 points, surging more than 2.5% in the week.

Comes to this week, Niu Jun still indistinct, to promote further break Hong Kong stocks, the typical red market in January, the transaction also with.

Low in the telecommunications

A shares continued to rise, the strategy is still fishing low to absorb the broader market stocks.

In the first three quarters of last year, China Telecom (728) reported net profit rose 5.5% to RMB18,502 million (EBITDA), with EBITDA of RMB78,844 million, an increase of 3.7% over the same period last year with an EBITDA rate of 31.6%. Operating income 274,702 million yuan, up 4.1% over the same period of last year. Among them, service income rose 7% to 249,722 million yuan. In the first three quarters of this year, operating expenses of the Group increased by 4.2% as compared with the same period of last year. Depreciation and amortization increased by 3.8% over the same period of last year mainly due to the increase in depreciation and amortization due to the 4G and optical fiber broadband investments that have been invested in recent years. With the network scale As well as the increase in the number of tower leases and related expenses. The cost of network operation and support increased by 9.8% as compared with the same period of last year, and the increase was effectively controlled.

In terms of users, the Group’s mobile subscribers in the first three quarters reached about 241 million, a net increase of 25.56 million. Among them, the number of 4G terminal users reached 168 million with a net increase of 45.65 million. The total mobile Internet traffic increased rapidly with a year-on-year increase of 142% 4G users monthly average household traffic reached 1.5GB; the average monthly household mobile service revenue (ARPU) is also steady. Shares forecast price-earnings ratio of about 13 times the interest rate of about 2.8%, can be used for the capital of the back-top choice.