20150714-新鸿基金融集团-INVESTMENT_DAILY_NOTE_13页_2mb

Investment Daily Note Summary

Core Content Overview

This document provides an investment daily note covering the performance of major indices, stock highlights, market data, and related financial indicators. It includes key insights on stock trends, sector performance, valuations, and the impact of external market conditions.

Key Market Trends

• HSI and HSCEI: Both indices are currently above their 250-day moving averages, indicating a bullish trend.
• Hong Kong Market Turnover: The total turnover for the Hong Kong market dropped to HK$136.8 billion.
• External Market Conditions:
  • U.S. stocks rose following Greece's agreement on a third bailout, easing investor fears.
  • ADRs fell, putting downward pressure on the HSI.
  • Gold prices dropped as the U.S. dollar strengthened.
  • Oil prices fell due to uncertainty around Iranian nuclear talks.

Stock in Focus: CGN Power (1816.HK)

• Key Metrics:
  • Last Close: HK$3.73
  • Entry: HK$3.67
  • Target: HK$4.35
  • Stop-loss: HK$3.33
  • YTD/1M/3M/12M % Change: +11%/-20.4%/-19.6%/N/A
  • Market Cap: HK$170 billion
  • 3M Average Daily Volume: 217 million shares
  • FY1 Forward P/E: 21.2X
• Performance and Outlook:
  • CGN Power's production capacity is on a steady uptrend, with two reactors entering commercial operations in H2 2015.
  • The company is expanding its overseas market, particularly in the UK, through collaboration with French enterprises.
  • It is trading below its five-year average P/E of 21.8X, suggesting potential investment value.
  • The share price found support at the 10-day moving average.

Today's Top Picks

1. Haier Elec (1169.HK):

   • Last Trading Day Closing Price: HK$19.92
   • Target Price: HK$22.00
   • Stop-loss Price: HK$18.80
   • Reason: Strong rebound in share price, indicating potential for further growth.

2. Qifeng Fiber (549.HK):

   • Last Trading Day Closing Price: HK$0.78
   • Target Price: HK$1.00
   • Stop-loss Price: HK$0.70
   • Reason: Small market cap, potential for restructuring and new investor introduction.

Sector Performance

• Top Performing Sectors (1D % change):
  • Technology: 5.3%
  • Telecoms Equipment: 5.0%
  • Aluminum: 4.4%
  • Gaming: 4.2%
  • Durable Consumables: 4.1%
  • Logistics: 3.8%
  • IPP: 3.7%
  • Toll Road: 3.6%
  • Marine: 3.4%
  • Heavy Machinery: 3.4%
• Major Stocks in Top Sectors:
  • Technology: Kingdee (268), Chinasoft (354), Tencent (700), NetDragon (777), Kingsoft (3888)
  • Telecoms Equipment: China Com Service (552), ZTE (763), Trigiant (1300), Comba (2342)
  • Aluminum: Chalco (2600), China Hongqiao (1378), China Zhongwang (1333), RUSAL (486)
  • Gaming: Galaxy Ent. (27), SJM Hldg (880), Wynn Macau (1128), Sands China (1928), MGM China (2282)
  • Durable Consumables: Welling Hldg. (382), Skyworth Digital (751), Hisense Kelon Elec (921), TCL Multimedia (1070)

Valuations and Earnings Growth

Market Data

Best and Worst Performers

• Best Performers:

  • LANDING INTERNAT (582.HK): 24.5% (1D)
  • BLOOMAGE BIOTE (963.HK): 11.2% (1D)
  • GREENLAND HONG K (337.HK): 10.9% (1D)
  • HYDOO INTERNATIO (1396.HK): 10.8% (1D)
  • SHOUGANG INTL EN (697.HK): 10.2% (1D)

• Worst Performers:

  • GREAT WALL MOT-H (2333.HK): -13.3% (1D)
  • RENHE COMMERCIAL (1387.HK): -7.5% (1D)
  • BOER POWER HOLDI (1685.HK): -5.4% (1D)
  • GOLDIN FINANCIAL (530.HK): -4.7% (1D)
  • LIFESTYLE INTL (1212.HK): -4.3% (1D)

HSCI Volume Filter

• Companies with significant volume changes:
  • GREAT WALL MOT-H: 721.7% increase in volume
  • LIFESTYLE INTL: 149.0% increase in volume
  • XINGDA INTL: 145.7% increase in volume
  • HUISHAN DAIRY: 142.3% increase in volume
  • HOPSON DEV: 133.2% increase in volume

Most Short Sold Stocks

• Top short sellers:
  • CITIC SEC-H (6030.HK): 3.1% of total short sell turnover
  • LI & FUNG LTD (494.HK): 0.7% of total short sell turnover
  • WEICHAI POWER-H (2338.HK): 0.3% of total short sell turnover
  • LONGFOR PPT (1685.HK): 0.1% of total short sell turnover
  • GOLDIN FINANCIAL (530.HK): 0.1% of total short sell turnover

Interest Rates

• U.S. Treasury Yields:
  • 2-year: 0.6772% (up 9.20 bps)
  • 10-year: 2.4410% (up 18.28 bps)
  • 30-year: 3.2210% (up 18.11 bps)
• HK HIBOR:
  • 1-month: 0.2413% (up 0.51 bps)
  • 3-month: 0.3874% (down 0.07 bps)

Exchange Rates

• USD Dollar Index: 96.9480 (up 0.1%)
• USD/HKD: 7.7517 (unchanged)
• EUR/USD: 1.0984 (down 0.2%)
• USD/JPY: 123.61 (down 0.9%)
• GBP/USD: 1.5479 (up 0.1%)
• USD/CHF: 0.9516 (down 0.5%)
• AUD/USD: 0.7397 (down 0.7%)
• NZD/USD: 0.6675 (up 0.4%)
• USD/CAD: 1.2757 (down 0.4%)
• USD/CNY: 6.2102 (down 0.2%)
• USD/CNH: 6.2175 (up 0.1%)

Precious Metals and Commodities

• CRB Index: 218.5 (up 0.3%)
• Comex Gold: US$1,155.7 (up 0.3%)
• Comex Silver: US$15.430 (up 3.1%)
• Nymex WTI Crude: US$51.69 (down 1.2%)
• ICE Brent Crude: US$57.4 (up 1.0%)
• LME Copper: 5591 (up 0.0%)
• LME Aluminum: 1713 (up 1.1%)
• CBT Wheat: 577.50 (down 1.3%)
• CBT Corn: 441.75 (up 4.4%)
• CBT Soybean: 1043.50 (up 5.2%)

A-Share Premium to H-Share

• Key Companies:
  • SINOPEC OILFIE-H (1033.HK): A-share premium to H-share is 313.3%
  • CITIC BANK-H (998.HK): A-share premium to H-share is 96.0%
  • CHINA EAST AIR-H (670.HK): A-share premium to H-share is 94.8%
  • GREAT WALL MOT-H (2333.HK): A-share premium to H-share is 70.1%
  • SHANDONG XINHU-H (719.HK): A-share premium to H-share is 142.0%

Top 20 Most Traded ETFs

• Top ETFs:
  • 2822: CSOP FTSE CH-HKD (HK$15.70, -0.63%)
  • 2800: TRACKER FUND HK (HK$25.85, 1.37%)
  • 2823: ISHARES FTSE A50 (HK$13.76, -1.29%)
  • 2828: HS H-SHARE ETF (HK$122.40, 1.16%)
  • 3188: CHINAAMC 300-HKD (HK$52.50, 0.29%)
  • 82822: CSOP FTSE CH-RMB (HK$12.56, -0.79%)
  • 2827: CSI 300 CHINA (HK$39.30, 1.95%)
  • 83188: CHINAAMC 300-CNY (HK$42.00, 0.12%)
  • 3147: CSOP SZSE ETF-HK (HK$12.10, 0.29%)
  • 2833: HSI ETF (HK$256.20, 1.03%)
  • 3087: DBX VIETNAM (HK$211.60, 1.34%)
  • 2811: HT CSI 300 ETF-H (HK$1...)