Lu Yuren-Will it be too fast for a big player to sell Tencent and change horses? ｜Financial High Tea | Headline Daily

Hong Kong stocks will continue to show their strength on the second trading day of 2023. Although the external environment is weak, it will not hinder the upward trend of Hong Kong stocks. With the spread of rising sectors, the Hang Seng Index has risen by more than 600 points, and the two large-volatility sectors of science and technology and real estate have once once more speculated.

The Hong Kong stock market has made great efforts to surpass 20,000 points in the new year, mainly due to the “mid-character stocks”. Lu Yuren said at the beginning of this week that he is optimistic regarding the “mid-character stocks” in 2023. They showed their strength on the first two days of the new year, especially when they fell so much last year Internet and China property stocks. The two major sectors have fallen sharply in the past two years, mainly due to the tightening of policies in the Mainland, including strengthening the supervision of technology and Internet stocks and the “three red lines” requirements for the finance of the mainland real estate. , in order to reduce the risk that the US interest rate hike can be foreseen last year.

With the in-depth adjustment of the two major industries, most of the way to raise interest rates in the United States has been completed. The central government made a major policy shift in the fourth quarter of last year, shooting three arrows to support policy, and at the same time expressing a positive attitude towards the digital platform economy and private enterprises. In the process of changing the policy from tight to wide, the two sectors improved significantly. Before and following the new year, foreign investors have gradually become more positive towards the mainland or China’s stock market, and have expressed optimistic views one following another.
DBS joins bullish ranks on China plays

In the investment outlook just released by DBS Group, it gave positive comments on Chinese stocks. According to Hou Weifu, investment director of the bank, both stocks and bonds will fall sharply in 2022, and now is a good time to deploy and balance risks. Investors are advised to allocate 60% stocks and 40% bonds, and upgrade the bond rating to “overweight”. Due to low valuations and bright prospects, Chinese stocks are more optimistic due to factors such as the loosening of epidemic prevention policies and economic recovery. Since China’s consumption has not reached the corresponding level in recent years, and the suppressed consumption power will be released, the profitability of domestic demand stocks will improve. Benefiting from the support of mainland policies and the help of the two major technology and Internet companies in designing chips, China’s semiconductor-related concept stocks can be used for long-term investment.

Science and technology network has become the leading stock that rebounded recently, and one of the leading stocks, Tencent (700), performed well. In order to avoid monopoly accusations, the group distributes the shares invested in other science and technology companies in the form of dividends, which has become a factor for South Africa’s major shareholders to reduce their holdings and support the stock price. The group has just completed the distribution of more than 170 billion Meituan (3690) shares. During the slump of Tencent last year, Duan Yongping, a well-known investor, repeatedly stated that he would increase his holdings, including when the Hong Kong stock market plummeted in October last year. He did not give up. Recently, Duan Yongping revealed that he sold Tencent to Apple in the United States, thinking that Apple’s business is simple and straightforward, and he can hold it with confidence. Judging from the process of increasing his holdings in Tencent, Duan Yongping seems to have acted too quickly. When Tencent’s stock price fell halfway, he mightn’t wait to increase his holdings. It can be believed that the process of asking prices was also quite painful.

Now that Tencent is on the rise, Apple in the United States has started to fall at the beginning of the new year. American technology stocks have recently been shrouded in the shadow of interest rate hikes and recession. The big stock Tesla has been falling endlessly. Even the mainland lithium battery stock Tianqi has been affected. Apple’s sales have slowed down recently. The worries of the company have also put pressure on related concept stocks. Will Duan Yongping’s action of changing horses be a little faster? Could it be that Tencent has not finished its rise, but Apple has not fallen enough?

Tencent showed its power before the net distribution of Meituan on Thursday. Tencent rose nearly 5% to close at 361 yuan; Meituan rose 2.6% to close at 181.3 yuan; Chongqing Banking and Insurance Regulatory Commission approved Alibaba (9988) Ant Consumer Finance’s capital increase to attract shareholders , Alibaba rose 9% to close at 96.4 yuan; its peer Ali Health (241) rose 11% to close at 7.4 yuan; JD.com (9618) rose 7% to close at 241 yuan, making the Hang Seng Index hit a high in more than 5 months, and finally It closed at 20,793 points, an increase of 647 points; the KCI closed at 4,427 points, an increase of 193 points; the State Index recovered 7,000 points, and closed at 7,065 points, an increase of 231 points. Market turnover was 149.6 billion yuan.
Educational stocks and pharmaceutical stocks are highly speculative

The sales floor area of ​​new buildings during the New Year’s Day holiday in many mainland cities increased by more than 20% compared with the same period last year. Mainland real estate and property management stocks strengthened. Longfor (960) rose nearly 12%, making it the best performing blue chip stock. Last year, Country Garden (2007), the weakest blue-chip performer, rose 7% to close at 2.89 yuan; its peer Country Garden Services (6098) soared 12% to close at 21.65 yuan; CIFI (884) soared 13% to close at 1.29 yuan; CIFI Forever Top (1995) jumped 12% to close at HK$5.17.

There are many other stocks that have risen sharply. The official media issued an article saying that vocational education has a bright future and promise, and education stocks are speculating. Jiahong Education (1935) soared 23% to close at 1.37 yuan; Hope Education (1765) jumped 8.5% to close at 0.77 yuan; China Education Holdings (839) rose 8% to close at 10.82 yuan. Chi-Med (013) completed the enrollment of patients in the study of sorepineb in the treatment of primary immune thrombocytopenia. The top-line results of the study are expected to be announced in the second half of this year. The stock price rose 11% to close at 27.65 yuan. concentrated. The increase in market boom has turned into an offside trap. Hygeia Medical (6078) placed 14.8 million new shares, raising a net fund of 785 million yuan. The placement price per share was 53.5 yuan, a discount of regarding 8.8% from Tuesday’s closing price. Hygeia Medical’s stock price bucked the market It fell 4.2% to close at 56.2 yuan.

Jin Riku