13/10/2017-6

Heng Heng potential consolidation 28000 support

Hong Kong stocks rose strongly last week, the Hang Seng Index rose more than 900 points, but this week there are a number of factors affecting Hong Kong stocks, including the mainland stock market holiday after the resumption of market performance, Hong Kong stocks resumed after the “North Water” inflows, Whether the policy address will be involved in the new property market policy, so the securities industry generally believe that this week will be a constant pattern of the Hang Seng Index, but 28,000 points will support.

This week there are a number of factors affecting Hong Kong stocks performance.

Hong Kong stocks ADR closed down on Friday, HSBC Holdings (00005) closed at 77.28 yuan, down 0.07 yuan lower than Hong Kong closed; China Mobile (00941) closed at 78.26 yuan, down 0.69 yuan; Tencent Holdings (00700) 352.67 yuan, up 0.67 yuan. Proportionally, the Hang Seng Index is equivalent to 48 points.

“Aunt” has a limited amount of cargo

Jun Shengxing Chief Executive Officer Deng Shengxing said Hong Kong stocks surged in the past week, the HSI will be between 28,000 to 28,600 points this month consolidation. He expects Hong Kong stocks to resume the market, the North water funds will still be on Hong Kong stocks, but the size of the funds may not be enough to promote Hong Kong stocks again sharply in the week. He also reminded investors to pay attention to geopolitical risks such as North Korea and Spain.

Ding Cheng Securities Investment Strategy Director Xiong Liping also pointed out that Hong Kong stocks have been a lot of last week, I believe this week will callback, as will depend on the rate of A shares Monday resumption of performance. She expects the Hang Seng Index to support at 28,000 points and 29,000 points. She also pointed out that last week to do a good job will continue to bear the rally, behind it is difficult to catch up, so optimistic about the insurance stocks and network shares, bearish oil stocks and raw materials stocks.

Independent Shareholders Huang Zhiyang expected mainland A shares to resume trading this week, but the increase is small. He expected the Hang Seng Index to hover at 27,800 to 28,600 points, due to the Hang Seng Index on Friday rose to 28,600 points after the callback, it is considered a short-term resistance. Plate, he is optimistic about the Chinese financial stocks and new energy auto stocks.

Policy report about property stocks

Jin Yu Global Asset Management Investment Strategy strategist Huang Yaozong believes that the Hang Seng Index will continue to rise this week, and is expected to try 29,000 points.

For the government’s policy address on Wednesday, he said investors could pay attention to more real estate shares, such as Henderson Land (00012), Sun Hung Kai Properties (00016) and New World Development (00017). However, if the policy address is disappointing, the Hang Seng Index will have a chance to call back, but will still hover at 28,400 to 28,500 points and see support at 28,200.

Mr Tang is expected that the property policy on Wednesday will not have an impact on the tone of the property market. However, if the real estate sector has already been speculated by the policy on agricultural land policy, if the policy address is published, the relevant policy, appear.