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EBSHK Expects HSI to Re-test 31,000 in 2H21; HSTI's Peak Forecast at 9,000

AAStocks · Jun 22, 2021 04:39

LENOVO GROUP +0.00% CHINA MOBILE +0.36% PETROCHINA +2.32% CNOOC +1.20% HKBN +1.06%

Everbright Sun Hung Kai maintains the optimistic view towards the global economy in the second half of 2021, expecting the possibility for HSI to re-test the level of 31,000 in late third quarter or early fourth quarter.

EBSHK expressed that as the market is gradually settling in with regulatory measures on new economy stocks, tech stocks are expected to rebound in the coming days, with the highest point of the HSTI forecast at 9,000.

EBSHK recommended new economies, oils, home appliances consumption, communication services as four investment themes in the second half of the year.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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