此外，该行建议关注本地高收益企业，如香港银行、公用事业、电讯、地产;中国内地价值和高收益国企，如内地电讯、银行、保险、电力和天然气；中国内地消费政策受惠行业，如互联网、食品饮料、家电、汽车，共三大板块。In terms of Hong Kong property prices and GDP, the bank expects a rebound of 5% and a growth of 2.5% next year, respectively. Property prices are anticipated to be driven by a decrease in interest rates, the government's relaxation of demand management measures, and policies aimed at attracting talent.
According to the Zhitong Finance App, recently, bank of e asia (00023) published an economic market outlook, predicting that the target level for the hang seng index in the first half of next year will be 22,500 points, equivalent to a pe of 10 times, with expected support for Hong Kong stocks from a cautious stance on the Federal Reserve's continued interest rate cuts. In terms of Hong Kong property prices and GDP, the bank expects a rebound of 5% and a growth of 2.5% next year, respectively. Property prices are anticipated to be driven by a decrease in interest rates, the government's relaxation of demand management measures, and policies aimed at attracting talent.
The bank also believes that the Federal Reserve's monetary policy stance is turning neutral, expecting a 0.25% rate cut this month, with a reduction of 0.25% each quarter next year, totaling a 1% cut for the year, bringing the benchmark interest rate back to 3.25% to 3.5%; Hong Kong banks are expected to follow the USA's rate cuts this month and early next year, with the prime rate (P) reduced to 5.25%. Additionally, the target level for the s&p 500 index in the first half of next year is expected to be between 6,100 and 6,200 points, with a pe hovering around 22 to 23 times, which is similar to the average data over the past 2 to 3 years.
Furthermore, the bank recommends focusing on local high-yield enterprises, such as Hong Kong banks, public utilities, telecommunications, and real estate; China mainland value and high-yield state-owned enterprises, such as mainland telecommunications, banks, insurance, electrical utilities, and henry hub natural gas; and the industries benefiting from China mainland consumption policies, such as internet plus-related, csi sws food & beverage index, household appliances, and autos, totaling three major sectors.
