HK - Market Strategy 03 (Dec 17 - Dec 25)

[behappyalways]

"The main US federal govt pension fund will soon exclude #China- & #HongKong-listed stocks on the recommendation of its adviser...The $771B Federal Retirement Thrift Investment Board said Wed it would change the benchmark index followed by its int'l fund"
https://twitter.com/ChinaBeigeBook/stat ... 8643062823

[winston]

HK Earnings

Some 31 of 80 Hang Seng Index members have released their earnings reports for the September quarter, generating an average 6.5 per cent growth from a year earlier, according to Bloomberg data.

The outcome has so far surprised by 7.2 per cent to the downside, with material producers, technology companies and banks being the biggest culprits.

Source: SCMP

[behappyalways]

The Hang Seng Index is below the pre-Asian crisis high it reached in 1997. Quite a thought
https://twitter.com/mbrookerhk/status/1 ... 6444475640

[behappyalways]

Hong Kong Slump Sparks Wave Of Brokerage Closures
https://www.zerohedge.com/markets/hong- ... e-closures

[winston]

Premium on dual-listed Chinese companies’ domestic shares over their Hong Kong counterparts seen widening in 2024 on policy tailwinds

On average, yuan-based shares fetched 51 per cent more than their counterparts traded in Hong Kong on December 14, the most in 13 months

Policy easing measures like cuts in banks’ lending rates tend to have a greater impact on the onshore market, says Morgan Stanley

Source: SCMP

https://www.scmp.com/business/china-bus ... parts-seen

[winston]

Hong Kong Stock Rout Driven by Structured Products, Traders Say

by John Cheng

Probably exacerbated by the triggering of automatic sell orders on structured products,

Hong Kong stock exchange data shows the market value of such listed products held by investors was HK$2.3 billion ($294 million) as of December. Their average daily turnover was HK$11.8 billion last year.

Source: Bloomberg

https://finance.yahoo.com/news/hong-kon ... 41118.html

[behappyalways]

"The Hang Seng China Enterprises Index has already lost 11% in '24...Coming after a record 4yr losing streak, the slump is reinforcing a structural shift for active money managers"
https://twitter.com/ChinaBeigeBook/stat ... 7501872266


If you invested $10,000 in Hong Kong's stock market exactly 10 years ago, you'd have $6,805 today. Even less when adjusted for inflation.
https://twitter.com/Barchart/status/1747807977380163931

[winston]

Over 600 CBBCs 'Shot' During 4-day Crash of HK Mkt, Causing HK$12.1B+ of Loss to Retail Investors

Citing exchange data, Bloomberg reported that hundreds of callable bull-bear contracts (CBBCs) were mandatorily called, or "shot", during the four trading days from 17 to 22 January, when HSI crashed by more than 900 points in aggregate.

Retail investors lost a total of US$1.55 billion (about HK$12.116 billion) from the mandatory call events.

Most of the CBBCs were shot on 17 January, involving more than US$1 billion, when the HSI plunged 589 points, or 3.7%, the biggest drop since October 2022.

Data showed that about 633 CBBCs were shot during the four trading days, most of which were HSI CBBCs.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

Worst may be over for Hong Kong stocks – it’s time to buy

Shares on the Hong Kong bourse offer excellent value and the market will receive unstinting support from Beijing

While the US and European markets are outperforming Hong Kong’s now, their ability to keep inflation down relies on the weakness of China’s post-Covid economy

by Richard Harris

Source: SCMP

https://www.scmp.com/comment/opinion/ar ... s-time-buy

[behappyalways]

Going to be listed in HK


How Two Chinese Brothers Became Billionaires From $1 Bubble Teas
https://m.youtube.com/watch?v=EmILpI3NYvk