Spinee wrote a post · Dec 13, 2023 01:57

KGI Asia Sets HSI 2024 Target at 19,260, Expects CN Econ Growth at 4.9%

Kenny Wen, Head of Investment Strategy at KGI Asia, remarked that the 2024 target for $Hang Seng Index(800000.HK)$ was set at 19,260.

Wen favored stocks that are well-positioned to benefit towards the latter part of the rate-hike cycle, including $TENCENT(00700.HK)$ , $KUAISHOU-W(01024.HK)$ , and $BIDU-SW(09888.HK)$.

And stocks that should be stable performers, such as $CHINA MOBILE(00941.HK)$ and $SPDR Gold Trust(02840.HK)$ .

As for China, Wen anticipated that the Chinese government would set the economic growth target for 2024 at the range of 4.5-5%, while the economic growth of the year was projected to reach 4.9%.

$KraneShares CSI China Internet ETF(KWEB.US)$ $NASDAQ Golden Dragon China(.HXC.US)$ $Hang Seng TECH Index(800700.HK)$ $MEITUAN-W(03690.HK)$ $BABA-SW(09988.HK)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

65K Views

Comment

BL 88 : bullshit....HKSE will touch 12000 at the end of 2024. idiot CCP

Report
Reply

Cancel Reply

Spinee

1354Followers

8Following

9356Visitors