20180713-凯基证券亚洲-Investment_Daily_6页_243kb

报告摘要

Market Turnover (mn): 91,183 (12 Jul), 95,934 (11 Jul), 98,659 (10 Jul)
Stock Advances/Declines:
- 12 Jul: 1,183 Advances / 512 Declines
- 11 Jul: 382 Advances / 1,372 Declines
- 10 Jul: 825 Advances / 910 Declines
HSI Closing Price: 28,480 (12 Jul), 28,311 (11 Jul), 28,682 (10 Jul)
Change: +169 (12 Jul), -370 (11 Jul), -6 (10 Jul)
HSI Turnover ($bn): 32.62 (12 Jul), 36.54 (11 Jul), 36.00 (10 Jul)

10-day MA: 28,490
50-day MA: 30,087
250-day MA: 29,444
14-day RSI: 38.7
Primary Resistance: 29,000
Primary Support: 28,000 (first), 27,500 (second)
Technical Trend: Improved, with MACD histogram returning to positive territory

Sunny Optical (2382): Rose by 6.7% due to 83% growth in June handset lens shipments
ZTE (0763): Surged by 25.1% after the US Department of Commerce agreed to lift the ban

Geely Auto (175): Issued a positive profit alert, expecting a 50% YoY increase in net profit for 1H18
Citic Securities (6030): Interim profit rose 13.4% YoY to RMB5.59bn, with strong performance in investment banking and asset management

China - Jun. Foreign Exchange Reserve (Announced between Jul 8 and Jul 9): USD3,103.00B (vs prior USD3,100.62B)
China - Jun. PPI YoY: 4.4% (vs prior 4.1%)
China - Jun. CPI YoY: 2.0% (vs prior 1.8%)
China - Jun. Aggregate Financing CNY (Announced between Jul 9 and Jul 15): CNY1,315.0B (vs prior CNY760.8B)
China - Jun. New Yuan Loans CNY: CNY1,535.0B (vs prior CNY1,150.0B)
US - Jun. PPI YoY: 3.0% (vs prior 3.1%)
US - Jun. CPI YoY: 2.9% (vs prior 2.8%)
Euro Zone - May. Industrial Production SA MoM: -0.9%
China - Jun. Trade Balance (Announced between Jul 12 and Jul 13): USD28.30B (vs prior USD24.92B)
China - Jun. Exports YoY (Announced between Jul 12 and Jul 13): 10.0% (vs prior 12.6%)
China - Jun. Imports YoY (Announced between Jul 12 and Jul 13): 20.7% (vs prior 26.0%)
US - Jun. University of Michigan Sentiment Preliminary: 98.2

Market Sentiment: Despite the announcement of additional U.S. tariffs on Chinese goods, the Hong Kong stock market showed a technical rebound, with the Hang Seng Index (HSI) rising 169 points to close at 28,480.
Stock Performance: Sunny Optical and ZTE were standout performers in the HSI, while Geely Auto and Citic Securities led in the HSCEI.
Technical Trends: The HSI showed a slight improvement in its technical trend, with the MACD histogram returning to positive territory. However, it failed to sustain above the 10-day moving average.
Brokerage Sector: Citic Securities outperformed peers in the brokerage sector, with a 13.4% YoY increase in net profit, and is recommended for accumulation due to its strong earnings outlook and execution track record.
Property Management: China OVS PPT (2669) is expanding its services to third-party developers, which is expected to diversify its revenue sources and improve profitability.
Stock Connect Activity: Southbound inflows were substantial, particularly for major stocks like ICBC, TENCENT, and CCB, indicating strong investor interest in mainland equities.
Economic Data: China's economic data showed mixed signals, with rising inflation and trade figures, while U.S. inflation hit a 6-year high, and the 2-year Treasury yield increased slightly.
Short Selling Activity: Stocks like Ping An, CCB, and Sunny Optical had high short sell ratios, suggesting bearish sentiment from some investors.

The information and opinions in this report are for informational purposes only.
KGI Asia Ltd. does not guarantee the accuracy or completeness of the data.
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.

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