As of 13:28 on May 13, 2024, Hang Seng Technology Index (HSTECH) rose strongly 1.70%, Bilibili-W components stocks rose 7.11%, BYD Electronics rose 5.59%, Tongcheng Travel rose 5.26%, Alibaba – Followed SW, Meituan -W and other stocks the same. The Hang Seng Technology Index ETF (159742) rose 2.06%, with the latest quoted price at 0.55 yuan The intraday turnover has reached 126 million yuan, with a turnover rate of 11%, and market trading is active.
In terms of scale, the latest scale of the Hang Seng Technology Index ETF reached 1.145 billion yuan.
Data shows that leveraged funds continue to be used. The latest funding purchase amount of the Hang Seng Technology Index ETF reached 4.2191 million yuan, and the latest funding balance reached 49.7871 million yuan.
From a valuation perspective, the latest price-to-earnings ratio (PE-TTM) of the Hang Seng Technology Index tracked by the Hang Seng Technology Index ETF is just 24.69 times, which is the 19.57% percentile in the past five years. That is, the valuation is lower than 80.43% of the time in the last five years, at a historically low level.
The Hang Seng Technology Index ETF closely tracks the Hang Seng Technology Index, which represents the 30 largest screened Hong Kong listed companies highly related to technology themes.
Data shows that as of May 10, 2024, the top ten heavyweight stocks in the Hang Seng Technology Index (HSTECH) are Meituan-W (03690), Xiaomi Group-W (01810), JD Group-SW (09618 ), and Tencent Holdings (00700), Kuaishou-W (01024), Alibaba-SW (09988), NetEase-S (09999), Li Auto-W (02015), Lenovo Group (00992), Baidu Group-SW (09888 ), the top ten The total proportion of stocks with a large weight is 72.06%.
Industrial Securities said: The attractiveness of RMB asset allocation and Chinese stocks will continue to increase in 2024. The fundamentals of China’s economy and leading companies will continue to improve in the second half of the year US bond yields will decline further in the second half of the year, and local funds in Hong Kong stocks will also benefit from the fall in US bonds. interest rates. Whether it is the incremental funds brought about by the high-low switch, the power of global capital reallocation, or the gradual increase in the relative momentum of the Chinese economy, the recovery of fundamentals and dual valuations, as well as the financing interest rate worldwide. in the second half of this year, especially in the third quarter It is expected to fall back, thereby improving the local finance of Hong Kong stocks and pushing the stock market up.
Guosen Securities believes that the recent relaxation of real estate policies, further relaxation of monetary policies and interest rates, the overall domestic economy is still in the period of economic recovery, and the continued introduction of policy support is expected to continue to support the demand We continue to strongly recommend the allocation of Hang Seng Technology, especially Tencent, which has a clear long-term competitive landscape, and companies with obvious short-term marginal changes.
Hang Seng Technology Index ETF (159742), OTC link (Class A: 014438; Class C: 014439).
(Article source: Jiemian News)
Article source: Jimmy News
Original title: Hang Seng Technology Index ETF (159742) rose more than 2%, Bilibili-W led the gains, institutions: Strongly recommend Hang Seng Technology allocation
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