Daxin Financial Stabilized Stocks

The red year of the Year of the Pig fell. The Hang Seng Index fell 43 points on Friday at 27,946 points. The resistance from 28,000 to 28,500 points is high. It is estimated that the short-term adjustment has just begun.

In January, the global stock market soared. There are three main reasons. One is that the Sino-US trade negotiations can reach an agreement; the second is that Ah Ye has rescued the economy; the other is that the world’s major central banks have turned their policies and opened the water again.

For the first factor, the author thinks that it has already been fired seven seven eight eight, because even if an agreement is finally reached, the Sino-US trade war will only be a phased ceasefire. Moreover, the contradiction between China and the United States is deep, and the two countries will fight indiscriminately.

The number of admissions to the Chinese New Year movie has decreased, and the growth rate of tourism has slowed down. One leaf can know the autumn. It is enough to see how good the consumer market will be this year. I believe that Aye continues to play a combination of punches and support the economy.

For global stock markets, the central bank’s turn of pigeons is the most exciting. When the people go through the year, they will release water. The Fed will turn the pigeons from the eagle. The ANZ Central Bank has also recently enjoyed a full-fledged taste. As for Europe, even the German economy has gone downhill, and the European Central Bank has returned to QE at any time.

Sino-US relations are more and more cloudy, the global economy is down, and both are weak. However, the grandfather’s move is mainly because the central bank is ready to release water and support the stock market. Therefore, Hong Kong stocks will rise like 2017, and it may not be like 2018. There has been a long-term decline. In 2019, it may be a year of reversal. The stock market followed the news.

Can be used for small injections below 40 yuan

If the interest rate falls, and the market is volatile, you can consider to absorb high-paying interest stocks, such as Dah Sing Financial (00440). As of the end of March last year, Dah Sing Financial’s dividend yield was as high as 18.42%, but it included a special dividend paid for the sale of life insurance business, excluding the special interest rate of 3.1%. The interim dividend for the year has been paid 0.38 yuan, an increase of 18.75%. If the final interest rate increases by the same amount, it is estimated to be 1.22 yuan, and the expected interest rate is 3.7 percent.

Dah Sing Financial’s net asset value per share is expected to increase to 79 yuan this year, P? B about 0.54 times, a large discount, can be used as a buffer against stock prices. The main assets of Dah Sing Financial are Daxin Bank (02356), which accounts for 74.4%. The latter is from time to time. The P?B is currently 0.857 times. If it can change hands with 1.5 times P?B, the price per share will reach 26.67 yuan. With a market capitalization of 37.5 billion yuan, the interests of Dah Sing Bank held by Dah Sing Financial will appreciate to 27.9 billion yuan. The market value of Daxin Financial’s entire company is only 14.46 billion yuan, which can be considered for holding a small note of 40 yuan downstairs.