On October 11, CITIC Securities' research report pointed out that for Hong Kong stocks, although the overseas interest rate hike cycle combined with the restart of AI-driven trading continues to pressure liquidity, the fundamental expectations have bottomed out, and the earnings growth expectations for major broad-based indices have begun to be revised upwards. There is a significant divergence in the adjustment of industry earnings expectations, with some specific sectors seeing upward revisions, while industries related to domestic demand still face downward pressure on earnings expectations. The upcoming third-quarter performance will be an important basis for assessing the progress of recovery. The report advises investors to maintain patience with Hong Kong stocks, expecting that short-term dividend strategies will continue to outperform.
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CITIC Securities: Hong Kong Stocks' Fundamentals Expected to Have Bottomed Out
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CITIC Securities: Hong Kong Stocks' Fundamentals Expected to Have Reached Bottom
On October 11, CITIC Securities' research report indicated that for Hong Kong stocks, although the overseas interest rate hike cycle combined with the restart of AI-driven trading continues to pressure liquidity, the fundamental expectations have reached a bottom, and the earnings growth expectations for major broad-based indices have begun to be revised upward. There is a significant divergence in the adjustment of industry earnings expectations, with some specific sectors seeing upward revisions, while earnings expectations in domestic demand-related industries still face downward pressure. The upcoming third-quarter performance will be an important basis for assessing the progress of recovery. The report advises investors to maintain patience with Hong Kong stocks, expecting that short-term dividend strategies will still outperform. -
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