China - Market Direction 04 (Aug 18 - Dec 20)

Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Tue Oct 30, 2018 11:49 am

CSRC: To Encourage Shr Buyback, M&A; Induce Mid-Long Term Capital Into Mkt

CSRC declared that it will accelerate its work in various fields under the deployment made by the State Council and in response to the market concerns.

First, it will brush up the quality of listed companies by creating incentives for share repurchase and M&A reorganization.

Second, it will optimize transaction regulation, in order to minimize the resistance against transactions and to boost market liquidity.

Third, it will encourage value investment, in pursuit of more mid-long term capital into the market.

Source: AAStocks Financial News
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby behappyalways » Tue Oct 30, 2018 5:27 pm

業績不濟 股王殞落
茅台首次跌停板
內地白酒股全線急挫
https://hk.finance.appledaily.com/finan ... 0/20533918
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Tue Nov 20, 2018 9:33 am

<Research Report>G Sachs: 11% Potential Return for MSCI China Index Next Yr; Recommends 5 Investment Themes

Goldman Sachs predicted a 11% 2019 return for MSCI China Index, with an Overweight rating.

The broker reported that MSCI China Index has slumped 29% from its peak YTD, the fifth worst historically.

According to Goldman Sachs, the top five 2019 investment themes include:
1. Attractive A share risk/reward and visible Northbound capital inflows
2. Overweight inexpensive defensives and Underweight consumers
3. Winners of RMB depreciation
4. 'New China Nifty Fifty' shares to resume market leadership in 2H19 and
5. 15 POE beneficiaries of reforms.

Source: AAStocks Financial News
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Mon Nov 26, 2018 1:27 pm

<Research Report>M Stanley Raises HSI/ HSCEI Target to 28,500/ 11,360 for 2019

Morgan Stanley opined in its 2019 Asia EM Equity Outlook report that Value will continually outrun Growth as a global equities theme. Hence, the broker retained the Chinese market at Equalweight.

However, the broker is watching for potential signals to upgrade Chinese market's rating, such as a pause in Sino-US trade skirmish and improvement in private economy and consumption.

Morgan Stanley hiked the 2019 Hang Seng Index target under base case from 25,900 to 28,500, expecting top-down basic EPS forecast to burgeon 10.3% next year.

Further, the 2019 Hang Seng China Enterprises Index target was lifted from 9,990 to 11,360, with estimated top-down basic EPS increment of 9.5%.

Source: AAStocks Financial News
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Mon Nov 26, 2018 8:58 pm

‘Share pledge’ bailout funds now exceed US$71.96 bn

ore than 500 billion yuan (US$71.96 billion) in bailout funds have been proposed or established by local governments, brokerages and insurance firms to help private companies with liquidity issues or “share pledge” risks, according to a calculation by Securities Daily.

Source: SCMP

http://www.atimes.com/article/share-ple ... 6-31514885
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Tue Nov 27, 2018 9:10 pm

Goldman Says China's National Team Sold Stocks as Rout Deepened

by Jeanny Yu

The team net sold about 104 billion yuan ($15 billion) A shares in the three months through September. The onshore stock market lost $570 billion in value in that period.

Goldman said state funds may have turned net buyers again in early or mid-October.




Source: Bloomberg

https://finance.yahoo.com/news/goldman- ... 45712.html
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Tue Dec 04, 2018 7:08 am

China’s stock market needs to ditch its patchwork rules for a clean start at its watershed moment

After 28 years spearheading China’s four-decade experiment with capitalism, the capital market has reached a watershed moment

Source: SCMP

https://www.scmp.com/business/banking-f ... ules-clean
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Tue Dec 04, 2018 7:08 am

China’s stock market needs to ditch its patchwork rules for a clean start at its watershed moment

After 28 years spearheading China’s four-decade experiment with capitalism, the capital market has reached a watershed moment

Source: SCMP

https://www.scmp.com/business/banking-f ... ules-clean
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby winston » Sat Jan 12, 2019 6:43 am

Index compiler MSCI’s inclusion of Chinese large caps boosts international investors’ net buying of A shares to record US$45b in 2018

International investors bought 50 per cent more shares year on year in 2018, but mainlanders’ investment in Hong Kong stocks fell 75 per cent

International investors prefer consumer facing companies, while mainlanders like financial firms

The northbound trading via the Shanghai and Shenzhen stock links also accounted for between 5 to 10 per cent of the daily A-share turnover in 2018, compared to just one per cent at the beginning of 2017.

MSCI weighting will rise to 2.8 per cent ( from 0.71%), if the inclusion factor of large-cap securities is increased to 20 per cent. It will further go up to 3.36 per cent after mid-cap Chinese companies are included.




Source: SCMP

https://www.scmp.com/business/companies ... aps-boosts
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Re: China - Market Direction 03 (Aug 16 - Dec 18)

Postby behappyalways » Thu Jan 31, 2019 8:19 pm

Hundreds More Chinese Companies Just Warned on Profits
https://www.bloomberg.com/news/articles ... emium-asia
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