20180529-凯基证券亚洲-Investment_Daily_5页_216kb
报告摘要
Market Summary
Core Content
This document provides a detailed overview of the Hong Kong stock market performance for the period from May 24 to May 28, along with technical indicators, IPO briefs, and economic calendar events. It also includes information on the most actively traded stocks and short sell statistics through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.
Key Market Indicators
| Indicator | 28 May | 25 May | 24 May |
|---|---|---|---|
| HSI | 30,792 | 30,588 | 30,460 |
| HSI Change | +204 | -172 | +94 |
| HSI Turnover ($bn) | 30.38 | 31.49 | 31.30 |
| HSCEI | 12,115 | 12,047 | 12,152 |
| HSCEI Change | +67 | -104 | +61 |
| HSCEI Turnover ($bn) | 26.65 | 27.24 | 25.76 |
- The Hang Seng Index (HSI) closed at 30,792 on May 28, up 204 points, while the Hang Seng China Enterprises Index (HSCEI) increased 67 points to 12,115.
- Market turnover for HSI was HK$30.38 billion, and for HSCEI it was HK$26.65 billion.
- The HSI showed a rebound on Monday, closing above the 50-day moving average, with the 14-day RSI also rebounding above 50. However, the MACD histogram remained in negative territory, indicating a mixed technical trend.
Technical Analysis
-
HSI Technical Indicators:
- 10-day MA: 30,983
- 50-day MA: 30,684
- 250-day MA: 28,958
- 14-day RSI: 50.8
- Primary Resistance: 31,300
- Primary Support: 30,300
-
HSCEI Technical Indicators:
- 10-day MA: 12,281
- 50-day MA: 12,231
- 250-day MA: 11,622
- 14-day RSI: 46.9
- Primary Resistance: 12,500
- Primary Support: 11,845
-
The HSI is expected to trade between 30,600 and 31,000 today. Initial support is at 30,000, with the next support at 29,519. The first resistance is at 31,000, and the second at 31,593.
IPO Brief: Dowway (8403)
- Industry: Exhibition and event management
- Services: Design, planning, coordination, and management of exhibitions and events, primarily for international car brands.
- Market Position: 4th largest player in China's auto exhibition service market with a 1.3% market share.
- Pricing Model: Cost-plus-margin pricing, with margins ranging from 25% to 65%.
- IPO Details:
- Issue price (HK$): 0.12-0.16
- Total share offer size (HK$ mn): 60-80
- Sponsor: RaffAello
- Dealing period: 12-June
Stock Connect Statistics
-
SH Connect:
- Balance (RMB bn): 496.93
- Balance as % of Quota Amount: 95.6%
-
SZ Connect:
- Balance (RMB bn): 502.60
- Balance as % of Quota Amount: 96.7%
-
Combined Southbound:
- Balance (RMB bn): 834.53
- Balance as % of Quota Amount: 99.4%
Top 10 Most Actively Traded Stocks (Southbound)
| Stock Name | Code | Buy Trades (RMB) | Sell Trades (RMB) | Turnover (RMB) |
|---|---|---|---|---|
| TENCENT | 700 | 104,705,820 | 419,809,032 | 524,514,852 |
| PETROCHINA | 857 | 162,567,000 | 64,806,180 | 227,373,180 |
| CSPC PHARMA | 1093 | 219,067,700 | 35,065,100 | 254,132,800 |
| FREEMAN FINTECH | 279 | 112,860,920 | 114,219,140 | 227,080,060 |
| TENCENT | 700 | 118,085,420 | 568,446,430 | 686,531,850 |
| PETROCHINA | 857 | 114,588,160 | 394,871,260 | 509,459,420 |
| SINOPEC CORP | 386 | 171,388,940 | 41,608,200 | 212,997,140 |
| HUANENG POWER | 902 | 128,939,440 | 72,458,640 | 201,398,080 |
| CCB | 939 | 9,750,270 | 184,100,820 | 193,851,090 |
Ten Most Actively Traded Stocks
| Stock Name | Code | Change | Closed Price | Turnover (Million) |
|---|---|---|---|---|
| TENCENT | 700 | 0.30% | 405.20 | 5415.5 |
| PETROCHINA | 857 | 6.45% | 6.44 | 2931.7 |
| PING AN | 2318 | 0.51% | 78.15 | 2360.1 |
| CNOOC | 883 | -0.92% | 13.00 | 1720.8 |
| SINOPEC CORP | 386 | 0.27% | 7.34 | 1561.8 |
| CCB | 939 | 0.12% | 8.09 | 1430.3 |
| AIA | 1299 | 3.26% | 72.80 | 1395.5 |
| CSPC PHARMA | 1093 | 3.79% | 26.05 | 1223.4 |
| SUNNY OPTICAL | 2382 | 4.32% | 159.40 | 1158.2 |
| SINO BIOPHARM | 1177 | 4.83% | 20.40 | 958.8 |
Ten Short Sell Stocks
| Stock Name | Code | Short Sell (M) | Turnover (B) | Short Sell Ratio |
|---|---|---|---|---|
| HSCEI ETF | 02828.HK | 896.44 | 1.90 | 47.30% |
| PETROCHINA | 00857.HK | 641.61 | 2.93 | 21.89% |
| PING AN | 02318.HK | 566.95 | 2.36 | 24.02% |
| TENCENT | 00700.HK | 545.11 | 5.42 | 10.07% |
| ISHARES A50 | 02823.HK | 332.20 | 400.97 | 82.85% |
| SINOPEC CORP | 00386.HK | 330.12 | 1.56 | 21.14% |
| CNOOC | 00883.HK | 328.64 | 1.72 | 19.10% |
| AIA | 01299.HK | 274.41 | 1.40 | 19.66% |
| CCB | 00939.HK | 271.02 | 1.43 | 18.95% |
| CONCH CEMENT | 00914.HK | 230.81 | 493.23 | 46.79% |
Economic Calendar Highlights
| Date | Country | Event | Prior |
|---|---|---|---|
| Mon | US | Trading Closed | - |
| Mon | Hong Kong | Tingyi (322) Q1 Result | - |
| Wed | US | Q1 Personal Consumption | - |
| Wed | US | Q1 GDP | 2.0% |
| Wed | Euro Zone | May Consumer Confidence | 0.2 |
| Thu | US | US Federal Reserve Releases Beige Book | - |
| Thu | Euro Zone | Apr Unemployment Rate | 8.5% |
| Thu | Euro Zone | May Core CPI YoY | 0.7% |
| Thu | Euro Zone | May Estimate CPI YoY | 1.2% |
| Thu | China | May Official Manufacturing PMI | 51.4 |
| Thu | China | May Caixin Manufacturing PMI | 51.2 |
| Fri | US | May Unemployment Rate | 3.9% |
| Fri | US | May Change in Non-farm Payrolls | 195K |
| Fri | US | May Markit Manufacturing PMI | 56.6 |
| Fri | Euro Zone | May Markit Manufacturing PMI | 55.5 |
| Fri | China | May Official Manufacturing PMI | 51.4 |
| Fri | China | May Caixin Manufacturing PMI | 51.1 |
Disclaimer
- The information and opinions in this report are for informational purposes only.
- No liability is accepted for any loss arising from the use of this report.
- This report is not an invitation or offer to buy or sell securities.
- KGI Asia Ltd. does not guarantee the accuracy or completeness of the data.
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