20140813-新鸿基金融集团-Investment_Daily_Note_11页_1mb

Investment Daily Note Summary - 13 August 2014

Core Content Overview

This daily note provides a comprehensive overview of the Hong Kong and global markets, highlighting key stock performances, economic data, and market indicators. It also includes analysis on specific companies and market trends, along with technical and fundamental insights.

Key Market Movements

• Dow Jones Industrial Average (DJIA) fell by 9 points, reflecting investor caution due to geopolitical uncertainties.
• S&P 500 and NASDAQ also declined, with S&P down 3 points and NASDAQ down 12 points.
• Hang Seng Index (HSI) closed at 24,679, up 33 points with a daily fluctuation of 139 points.
• HSCEI closed at 11,064, up 26 points.
• Hong Kong ADRs rose, effectively pushing HSI up 27 points.
• Gold prices increased due to risk-averse behavior in response to geopolitical tensions.
• Oil prices fell as energy demand estimates were lowered and U.S. production increased.

Stock Highlights

• China Lesso (2128.HK):

  • Closed at HK$4.67.
  • Target price: HK$5.23.
  • Stop loss: HK$4.27.
  • Promising prospects due to increased water conservancy projects in Mainland China.
  • Sales and revenue growth driven by urbanization and infrastructure development.
  • The company is expected to report its first-half results on 18 August 2014.
  • Technical analysis suggests upward momentum with the stock breaking through the downward channel and moving averages.

• iBond4 (4222.HK):

  • Officially listed, closing 5.15% above the issue price at HK$105.15.
  • Profit per lot (excluding handling fee): HK$515.

• Lenovo (992.HK):

  • Gained 4.5% and hit a 52-week high.
  • Top blue-chip gainer.

• Boyaa (434.HK):

  • Rose 4.8% after interim results, but closed down 8.4%.

• NetDragon (777.HK):

  • Gained 7.8%.

• Hutchison Harbour Ring (715.HK):

  • Price soared 37% following the announcement of Hutchison's intention to dispose of its equity interest.

Upcoming Results Announcements

• Wed, 13 August: CATHAY PAC AIR (293.HK), TENCENT (700.HK)
• Thurs, 14 August: CLP HOLDINGS (2.HK), SWIRE PACIFIC A (19.HK), CHINA MOBILE (941.HK), CHINA STATE CON (3311.HK)
• Fri, 15 August: CHINA COAL (1898.HK), SANDS CHINA LTD (1928.HK), CHINA VANKE (2202.HK), SUNNY OPTICAL (2382.HK), ZIJIN MINING (2899.HK)
• Mon, 18 August: TINGYI (322.HK), KERRY LOG NET (636.HK), CHINA RES POWER (836.HK)
• Tue, 19 August: GALAXY ENT (27.HK), CHINA RES LAND (1109.HK), BRILLIANCE CHI (1114.HK), PING AN (2318.HK)

Economic Data and Events

• Japan:

  • GDP SA QoQ (2Q): -1.8% (vs. prior 1.6%).
  • Machine Orders MoM (Jun): 15.3% (vs. prior -19.5%).

• China:

  • Retail Sales YoY (Jul): 12.5% (vs. prior 12.4%).
  • Industrial Production YoY (Jul): 9.2% (vs. prior 9.2%).

• U.K.:

  • ILO Unemployment Rate 3Mths (Jun): 6.4% (vs. prior 6.5%).

• U.S.:

  • MBA Mortgage Applications (Aug 8): -- (vs. prior 1.6%).
  • Retail Sales Advance MoM (Jul): 0.2% (vs. prior 0.2%).
  • Initial Jobless Claims (Aug 9): 295K (vs. prior 289K).
  • Empire Manufacturing (Aug): 20.00 (vs. prior 25.60).
  • Industrial Production MoM (Jul): 0.3% (vs. prior 0.2%).
  • Unemployment Rate (Aug P): 82.5 (vs. prior 81.8).
  • CPI YoY (Jul): -- (vs. prior 2.1%).

Major Index Forward P/E

Market Data Highlights

Best Performers

• Lenovo Group (992.HK): +3.6% (1D), +6.5% (1W), +6.3% (1M), +21.7% (YTD).
• Sinofert (297.HK): +2.5% (1D), +7.8% (1W), +15.9% (1M), -1.6% (YTD).
• China Merchants (144.HK): +2.3% (1D), +2.1% (1W), +5.4% (1M), -6.9% (YTD).
• PetroChina (857.HK): +2.3% (1D), +6.7% (1M), +27.1% (YTD).
• Beijing Ent (392.HK): +2.0% (1D), +6.7% (1M), -4.6% (YTD).

Worst Performers

• China Res Power (836.HK): -2.0% (1D), 0.2% (1W), 1.6% (1M), +21.6% (YTD).
• Poly HK (119.HK): -1.4% (1D), -2.2% (1W), +6.9% (1M), -13.5% (YTD).
• Li & Fung (494.HK): -1.3% (1D), -0.8% (1W), +1.0% (1M), +25.3% (YTD).
• Henderson Land (12.HK): -1.2% (1D), +1.0% (1M), +8.3% (YTD).
• CPIC (2601.HK): -1.2% (1D), -0.7% (1M), +25.3% (YTD).

A-Share and H-Share Premiums

Summary

The document provides a detailed summary of the global and Hong Kong markets on 13 August 2014, highlighting the impact of geopolitical tensions on investor sentiment and the performance of major indices and stocks. It emphasizes the positive outlook for China Lesso (2128.HK) due to the government's focus on water conservancy projects and urbanization, which are expected to boost its business. The Hang Seng Index showed a narrow trading range, while the iBond4 was a notable performer. The report also includes upcoming earnings announcements and a comprehensive table of economic data and events, as well as a comparison of A-share and H-share premiums. Technical indicators and market data are included to provide insights into current market trends and future expectations.