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Friday, 11 July 2014

Properties pushed the HK benchmark index up and utilities slipped 11 July 2014

Shares in the Hong Kong markets showed mixed results where property sector surged by more than 1 percent.

Hong Kong stocks swung between gains and losses as property companies led the city’s benchmark index higher and utilities slid.

Shares of Henderson Land Development Co. jumped 1.8 percent. HyComm Wireless Ltd. doubled after China Qingdao International Holding Co. proposed to purchase its text-messaging service.

After a report from the government did not encourage private investment in the power-distribution sector,China Resources Power Holdings Co. slipped 1.3 percent.

The Hang Seng Index climbed 0.2 percent to 23,274.38 as of 10:49 a.m. in Hong Kong after detailing as much as 0.4 percent.

The biggest drop since the period ended May 9 might be the next highlight as the gauge is citing 1.2 percent decline this week. H-share index,also known as Hang Seng China Enterprises Index, gained 0.2 percent to 10,384.62. Global shares slid overnight amid concern about financial risks in Europe. The gauge is trading at 10.8 times estimated earnings at the last close.

“Even though most markets are dealing carefully keeping a check on the European situation. Optimism in investors is rising for the ever-growing HK market,” vice-president of a reputed security analytical firm in Hong Kong, said. “If the inflow of money into Hong Kong follows the same trend, the Hang Seng Index (HSI) will be crossing 24,000 level. Hong Kong stocks are extremely cheap, having delayed the fall which hit other developed markets.”

The Hang Seng Properties Index gained 0.5 percent today, two days in a row today. Properties are recovering their steepest fall recorded on July in two months.

A popular security management group quoted, "Mass-residential property prices in Hong Kong are most likely to surge 3 percent in 2014," changing from the previous prediction of a 5 percent drop.

The Hang Seng Index dropped 0.3 percent this year through yesterday, paring losses amid signs the economy is stabilizing as China rolls out targeted stimulus measures including reserve-ratio cuts.

In an action to maintain the city’s 31-year-old currency peg, HK's de facto central bank bought $1.33 billion this week. China Resources Land Ltd. climbed 1.6 percent, easing profits among mainland homebuilders amid signs of loosening property curbs.

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Monday, 7 July 2014

Shares in HK markets are falling fast as pressure inflated | Hong Kong stock Market News 7 July 2014

Hong Kong shares dropped today with Macau casinos under selling pressure after last week's strong rebound, while China markets lowered as investors await major economic data later this week.

At midday, the Hang Seng Index slipped 0.2 percent at 23,494.96 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.1 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index were both off 0.3 percent. The Shanghai benchmark stood at 2,052.42 points after choppy morning trade.

Shanghai-based research analyst said.

But Zhang warned about risks from speculating on small caps"The active stocks are mainly those new listings and small caps".

Property developers expanded gains, with the CSI China Mainland Real Estate index up 1.2 percent to its highest since April 25.

China Vanke surged 3.1 percent in Shenzhen and 2.7 percent in Hong Kong, following gainings of 3.9 and 8.2 percent in the two markets on Friday after the largest residential property developer said first-half contract sales were up 20.6 percent from a year ago.

"There's the rising tide but also the falling tide. In the long run, if these companies cannot sustain profit growth, you may face relatively big risks if you drive up these stocks," Analysts said.

Poly Real Estate Group advanced 2.2 percent, after the National Business Daily reported on Monday one luxury projects has been approved in Beijing at the price of about 100,000 yuan ($16,100) per square meter, a sign that the capital city has loosened its restrictions on housing prices.

Chongqing Iron & Steel, which climbed 6.3 percent on Friday after a partnership with Korean steelmaker Posco was announced, dropped 4.7 percent after the Chinese company said that tie-up would have no material impact on its results, as the benefit would go to its parent.

A leading loser on the Hang Seng was Sands China, which fell 2.7 percent. Galaxy Entertainment Group, which climbed 11 percent last week, sank 1.8.

Great Wall Motor slipped 4.0 percent in Hong Kong and 0.9 percent in Shanghai after June sales declined.

Beijing is due to post June inflation data on Wednesday, trading data on Thursday, with loan growth and money supply data to be declared between July 10 and 15.

Second quarter GDP growth is scheduled on July 16, as are monthly urban investment, industrial output and retail sales figures.

Tuesday, 1 July 2014

HK Stock gained breaking the highest record since December 2 July 2014

Hong Kong stocks surged, as the benchmark index headed for its highest since December. China’s factory activity expansion at the fastest pace this year is the primary reason behind this steep rise.

Galaxy Entertainment Group Ltd., the gaming company controlled by billionaire Lui Che-woo, rose 2.6 percent as Bank of America Corp.’s Merrill Lynch unit said "Macau casino revenue will revive this month." Anhui Conch Cement Co., China’s biggest producer of the building material, jumped 2.1 percent. Li & Fung Ltd., the world’s biggest supplier of clothes and toys to retailers, climbed 1.6 percent in the positivity run for its Global Brands Group spinoff.

The Hang Seng Index (HSI) rose 1.1 percent to 23,348.13 as of 10:25 a.m. in Hong Kong, for its highest close since Dec. 10. The Hang Seng China Enterprises Index, also known as the H-share index, rose 0.5 percent to 10,386.06. Markets in the city were shut for a holiday yesterday.

“Investors remain quite positive, helped by encouraging Chinese manufacturing data,” said Market research expert. “If the Hang Seng Index fails to break through the 23,500 resistance level in the near term, pressure for a correction may increase.”

China’s official gauge of factory activity released yesterday closing at 51 in June, matching analysts’ median estimate and rising from 50.8 the month before. A survey of the sector showed growth from to 50.7 from 49.4 in May. Readings above 50 signal growth.

The H-share index fell 4.5 percent in the first half as investors weighed whether China’s stimulus was enough to prop up growth. The measure traded at 7.2 times estimated earnings at the last close, compared with 10.8 for the Hang Seng Index and a multiple of 16.7.

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