＜Research＞BOCI Foresees HSI to Hit 20,010 by Yr End, Recommends TENCENT, CHINA MOBILE, MEITUAN-W, CCB, ICBC, 3 Oils

　　BOCI expected in a research report that Hong Kong stocks will remain highly volatile in 2H24, but is cautiously optimistic about the trend of Hong Kong stocks in the period, believing that the National Nine Regulations will play a key role in the healthy development of Hong Kong stocks. At the same time, the broker envisaged the introduction of more policies in 2H24 to improve the liquidity of Hong Kong stocks.

　　According to BOCI, the current valuation of Hong Kong stock market is still attractive and it expected the HSI to reach 20,010 by the end of the year. The broker is optimistic about high dividend yield stocks, companies benefiting from southbound stock connect and high-growth stocks with a strong competitive edge in their industries.

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　　BOCI recommended TENCENT (00700.HK) +2.800 (+0.738%) Short selling $1.27B; Ratio 15.243% , CCB (00939.HK) +0.108 (+2.014%) Short selling $1.13B; Ratio 28.504% , ABC (01288.HK) +0.050 (+1.441%) Short selling $173.85M; Ratio 35.501% , ICBC (01398.HK) +0.100 (+2.114%) Short selling $535.10M; Ratio 26.224% , CM BANK (03968.HK) +0.850 (+2.534%) Short selling $169.69M; Ratio 17.679% , CHINA MOBILE (00941.HK) -0.300 (-0.383%) Short selling $305.17M; Ratio 17.018% , MEITUAN-W (03690.HK) +2.400 (+2.050%) Short selling $460.87M; Ratio 12.782% , XIAOMI-W (01810.HK) +0.080 (+0.473%) Short selling $196.66M; Ratio 16.999% , PETROCHINA (00857.HK) +0.050 (+0.595%) Short selling $433.13M; Ratio 36.750% , SINOPEC CORP (00386.HK) +0.080 (+1.521%) Short selling $152.66M; Ratio 16.323% , CNOOC (00883.HK) -0.150 (-0.641%) Short selling $291.79M; Ratio 18.263% , FUYAO GLASS (03606.HK) +1.250 (+2.834%) Short selling $17.28M; Ratio 16.496% , CHINA SHENHUA (01088.HK) +0.400 (+1.074%) Short selling $147.27M; Ratio 23.816% , CHINA TELECOM (00728.HK) +0.080 (+1.706%) Short selling $13.48M; Ratio 3.711% , CHINA RAILWAY (00390.HK) +0.050 (+1.121%) Short selling $5.52M; Ratio 5.462% , HUANENG POWER (00902.HK) +0.070 (+1.205%) Short selling $15.86M; Ratio 16.553% , CHINA POWER (02380.HK) +0.060 (+1.432%) Short selling $11.29M; Ratio 10.527% , WH GROUP (00288.HK) -0.040 (-0.766%) Short selling $17.11M; Ratio 15.917% , PDD (PDD.US) , and KUAISHOU-W (01024.HK) -0.950 (-2.023%) Short selling $70.54M; Ratio 8.004% .

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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