Today, the Hong Kong stock market first suppressed and then rose.ReddragonpokerIt is worth mentioning that the Hang Seng Index and the Hang Seng Index have stood at 19000 points and 4000 points respectively, which is of strong signal significance.
Internet sector continued to lead the rise, heavy Hong Kong stocks Internet leader Hong Kong stocks Internet ETF (513770) market prices rose 2.5%, once again refreshing a new high for the year. Since late April, Hong Kong stocks on the Internet ETF (513770) action can be strong, has a total of 7 times to refresh the year's new high!
The time has been further lengthened. Since February, the Hong Kong Stock Exchange Internet Index tracked by Hong Kong stocks Internet ETF (513770) has soared by 45.40%, substantially outperforming the Hang Seng Index and the Hang Seng Technology Index by more than 22 and 13 percentage points.
It is worth noting that from the pessimism that fell for four years at the beginning of the year to the 10th consecutive rise in the world this month, Hong Kong stocks have come out of a wave of market, can they usher in further upward space?
On the news side, it is rumored that domestic regulators are considering reducing the 20% income tax that mainland individual investors have to pay when they invest in Hong Kong listed companies through the Hong Kong Stock Connect. Investment sentiment in the Hong Kong stock market was boosted again.
Analysts said that medium-and long-term Hong Kong stock valuations are still low, the Fed interest rate cut may catalyse further rise in Hong Kong stocks. Structurally focused on high dividends and technology Internet leaders that are expanding dividends.
According to the just-released 2023 annual report, Internet leading companies have generally paid more attention to shareholder returns, with Tencent Holdings, for example, with an overall shareholder return of more than 5% on its buybacks and dividends. It is worth noting that this week will usher in the Internet giant led by Tencent Holdings in the first quarter performance disclosure peak, the overall market expectations are positive, Tianfeng Securities forecast home net profit of about 41.8 billion yuan, an increase of 28% over the same period last year.
The acceleration of the release of industry profits and the increase of shareholder returns make Internet companies have stable performance and good cash flow, the current pricing is more attractive, and the valuation has room for improvement. Looking forward to the future, Guoxin Securities clearly pointed out that the inflection point of the long-term fundamentals of the Internet in Hong Kong stocks has arrived, and the long-term repair market can be expected.
In terms of layout tools, Hong Kong Internet ETF (513770) tracks the China Securities and Hong Kong Stock Exchange Internet Index (931637). Heavyweights converge different Internet subdivision track leading companies, such as Tencent Holdings, Meituan, Xiaomi Group, Kuaishou, and so on. Among them, positions in Tencent Holdings, Meituan, Xiaomi Group, Kuaishou, JD.com have a health weight of nearly 70%, and the top 10 components weigh more than 80%, with outstanding leading attributes.
Risk hint: Hong Kong stocks Internet ETF passively tracks the China Securities and Hong Kong Stock Exchange Internet Index, which is 2016 on the base day.Reddragonpoker.12.30, released on 2021.1.11, the composition of the index stocks is timely adjusted according to the compilation rules of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R4-medium-high risk, and the risk level of the fund assessed by the fund manager is R4-medium-high risk, which is suitable for investors of active type (C4) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.