Bullish news has arrived! Foreign capital has once again concentrated on raising the target prices of assets in china.
In recent days, the target prices of some major companies have been significantly raised by foreign investment. Among them, jpmorgan's latest report raised the Hong Kong stock target price of internet plus-related giant Meituan from HKD 140 to HKD 200, while Citibank raised Meituan's target price from HKD 192 to HKD 203; Bank of America Securities significantly raised nongfu spring's target price from HKD 29.5 to HKD 40, upgrading the rating from 'neutral' to 'buy.'
Quick look at the Hong Kong market | All three major indexes rose, the Hang Seng Index increased by 1%; biomedical stocks led the market throughout the day, wuxi bio rose nearly 8%, and wuxi apptec surged over 6%.
Network technology stocks rose broadly, with Xiaomi Group-W increasing by 1.93% and bilibili-W rising by 1.55%; electric power stocks went up, with huadian power rising by 5.80% and cki holdings increasing by 3.18%; bank stocks also climbed, with hang seng bank up by 3.39% and industrial and commercial bank of china rising by 2.39%.
Express News | The hang seng index closed up by 1%, while the hang seng tech index rose by 0.27%.
Express News | In the afternoon, Hong Kong stocks rose sharply in the short term, with the Hang Seng Index rising more than 1% and wuxi bio rising nearly 7%.
Hong Kong stock concept tracking | The hang seng index will open the "cross-year market" as institutions turn bullish on the valuation recovery of the internet plus-related sector (with concept stocks attached).
JPMorgan: Investors may start to shift back to internet-related stocks in China.
There is a significant discrepancy between domestic and foreign investors regarding Hong Kong stocks, yet southern capital is gradually increasing its investment. Who is the smartest investor?
①As the Hong Kong stock market retraces, foreign institutions are gradually selling some Hong Kong stocks to stop losses; ②Southbound funds are buying on dips, with the purchase scale in November hitting a new high in almost three years; ③Foreign institutions are flowing out of Hong Kong stocks and other emerging markets under risk aversion demand.