January 3 is the first trading day of Hong Kong stocks in 2022, and the main indexes open high and go low. In terms of industry sectors, medical care, real estate construction and information technology sectors led the decline; The sectors of public utilities, industry and energy led the increase.
Artificial intelligence (AI) giant and sub IPO shangtang-w once again became the focus of the market, closing up 40.91% to HK $7.75 on the same day, with a market value of HK $257.9 billion.
health care and real estate dragged down Hong Kong stocks
On January 3, the main indexes of Hong Kong stocks opened higher. However, shortly after the opening, the major indexes fell one after another. As of the close of the day, Hong Kong’s Hang Seng Index fell 0.53% to 23274.75; Hang Seng technology index fell 0.54% to 5640.47 points; The Hang Seng SOE index fell 0.58% to 8188.76.
In terms of industry sector, among the 12 sub industry indexes of Hang Seng, 5 fell and 7 rose. Health care, real estate construction and information technology sectors led the decline; The sectors of public utilities, industry and energy led the increase.
The more subdivided wind Hong Kong stock industry sector also showed a similar performance. Pharmaceuticals, consumer durables and retail sales fell significantly.
Among the popular stocks, shangtang-w, a secondary new stock listed for only three days, performed well, closing up 40.91% to HK $7.75, with a market value of HK $257.9 billion.
these plates deserve attention
Despite the poor performance of the main Hong Kong stock indexes on the first day of this year, many segments rose against the market. In particular, some segments are closely linked with a shares. A-share investors can pay attention to the opportunities of some high-quality targets tomorrow.
One of the most noteworthy is the traditional Chinese medicine sector. On the same day, health care and related sectors performed the worst, but traditional Chinese medicine, as a subdivided sector, bucked the market and strengthened. Among related stocks, Hyundai traditional Chinese medicine group rose 23.17%, China traditional Chinese medicine rose 20.50%, gushengtang rose 8.44%, Beijing Tongrentang Co.Ltd(600085) science and technology rose 9.43%, Beijing Tongrentang Co.Ltd(600085) national medicine rose 5.37%, Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited(600332) rose 6.01%.
The good news has undoubtedly become a major factor in promoting Chinese medicine stocks in Hong Kong stocks. According to Xinhua News Agency on December 31, 2021, the first batch of seven provinces (cities) were approved to build a national demonstration area for comprehensive reform of traditional Chinese medicine. According to the State Administration of traditional Chinese medicine, seven provinces (cities) including Shanghai, Zhejiang, Jiangxi, Shandong, Hunan, Guangdong and Sichuan have been approved to build the national demonstration zone for comprehensive reform of traditional Chinese medicine. The national demonstration area for comprehensive reform of traditional Chinese medicine takes provinces (autonomous regions and municipalities directly under the central government) as the main construction body, and encourages the first trial in the service mode, industrial development and quality supervision of traditional Chinese medicine.
Since 2021, heavy support policies for the traditional Chinese medicine sector have been released one after another. For example, in February 2021, several policies and measures on accelerating the characteristic development of traditional Chinese medicine were issued; On June 30 of the same year, the opinions on Further Strengthening the work of traditional Chinese medicine in general hospitals and promoting the coordinated development of traditional Chinese and Western Medicine jointly formulated by the National Health Commission and other departments were issued; On July 7 of the same year, the implementation plan for cultural communication of traditional Chinese medicine (2021-2025) jointly formulated by the five departments was released.
In addition, wind power and other new energy sectors also deserve attention. As of the closing on January 3, Xintian green energy rose 10.20%, Huadian Power International Corporation Limited(600027) power shares rose 5.88%, Datang new energy rose 10.86%, Huaneng Power International Inc(600011) power shares rose 6.53%, Longyuan Power rose more than 5.49%, Xinjiang Goldwind Science And Technology Co.Ltd(002202) rose 4.20%, and CGN new energy rose 4.04%. The sector also benefited from the good news. On December 31, 2021, the national development and Reform Commission said that at present, about 75 million kw of the first batch of large-scale wind power photovoltaic base projects have been started, and the rest projects will be started in the first quarter of 2022. Since mid October 2021, large-scale wind power photovoltaic base projects in Inner Mongolia, Shaanxi, Gansu, Qinghai, Ningxia and other places have been started one after another.
organization: “depression” has many opportunities
Although Hong Kong stocks performed poorly in 2021 and did not close up on the first day of the new year, many institutions believe that Hong Kong stocks in “depression” are ushering in investment opportunities. UBS Global Research Department said that the agency set the target level of Hong Kong’s Hang Seng index at 27000 at the end of 2022, which means that it has up to 16% room to rise compared with the latest closing point of the Hang Seng Index (23274.75). Bocom International released the latest research report that the Hong Kong stock market has fallen into a value “depression” and began to have in-depth allocation value. China International Capital Corporation Limited(601995) also pointed out in the report that Hong Kong stocks are in the layout area and can wait for the catalyst.
These institutions also pointed out that many high-quality sectors deserve attention.
UBS is optimistic about some local banking stocks and retail stocks in Hong Kong. As major central banks in some developed economies may continue to cut asset purchases and inflation is peaking, this situation may boost real interest rates in these economies. The relative performance of local bank stocks in Hong Kong is often positively correlated with the real interest rate. At present, the dynamic price to book ratio of Hong Kong bank stocks is 1.1 times and the dividend yield is about 5%. In addition, local retail stocks in Hong Kong may benefit from some policy positive factors.
Hong Hao, managing director and head of Research Department of BOCOM international, said that Hong Kong stocks have a great opportunity to outperform the global index in 2022, and they are optimistic about the Internet, consumption and energy.
China International Capital Corporation Limited(601995) expressed a positive attitude towards the performance of Hong Kong stocks in the next 12 months. CICC stressed that the valuation of the core target of Hong Kong stocks has entered a reasonable range. Since 2021, after a sharp decline, the valuation of Hong Kong stock pharmaceutical sector has entered a reasonable range, and the allocation cost performance is gradually improving.
(China Securities Journal)
