The State Council Tariff Commission announced that in the face of the sudden 10% tariff on 300 billion commodities, “have to” take countermeasures
Fortunately, no real action was taken. The market concerned that Trump said that he would soon talk to President Xi. Moody’s refers to the increase in the downside risks of the global economy, supporting the Fed to cut interest rates in September, and global liquidity remains loose.
This month, the Chinese and Hong Kong stock markets have retreated a lot, creating a low valuation advantage for some stocks and a sudden increase in blue-chip buying
The Hang Seng Index rose 238 points to close at 25,734, with a turnover of 91.5 billion yuan. In the weekly chart, the market is slightly wearing 50 antenna 25581, and is trying to pull back the lost ground. Recently, real estate developers have continuously issued support for government information. Real estate stocks have rebounded rationally, and housing stocks have also risen. The performance of the domestic insurance leader was good, and the domestic tax cuts were effective. After the low opening, they rebounded. Hong Kong’s economy is in a state of internal and external difficulties, and the economy lacks growth momentum. The retail industry bears the brunt. As a result, the Financial Secretary announced a new round of relief measures, mainly to support enterprises and protect employment. Different SMEs can exempt dozens of government fees. It is a pity that a lot of wage earners seem to benefit a lot, mainly due to tax rebates.
Sun Hung Kai Properties (0016) has a combination of quality and balanced investment properties
Due to the unsatisfactory market sentiment, the high level fell back after 30%. Financial stability. A total of 1,188 flats have been repossessed in the southwest of Kowloon West on the West Rail. The unlicensed has already recorded a large number of pre-leasing, the rental market remains buoyant, and the Huiyu III will soon be on sale. The current price is more than 30% discount to its net asset value. The valuation is attractive and the interest rate is up to 4%. It is recommended to absorb low, target $130 and stop loss of $105.