＜Research＞CICC Expects HSI to Recover to Target Range of 19,000-20,000, Calls for Focus on 3 Major Directions

　　Hong Kong's stock market remained volatile last week, with a slight gain in 5-days MA, with certain support from rising expectations for interest rate cuts on weaker US economic data, CICC issued a Hong Kong stock strategy report saying.

　　For the HSI, CICC estimated that 19,000-20,000 is the first target range that can be reached only by risk appetite recovery. The market may remain volatile until more catalysts emerge, but there is no need to be overly concerned during the callback process, as the HSI is supported at around 18,000.

　　In the 2H24 outlook, CICC recommended investors to focus on 3 directions, namely the overall return downtrend (stable return of high dividends and high buybacks, i.e., cash cow of abundant cash flow), partial leverage (policy support and technological growth that still has prosperity) and partial price hikes (natural monopoly segments, upstream and public utilities).

　　AAStocks Financial News