Stock market textile and apparel stocks are more favored

Last week, the HSI oscillated in a narrow range after undergoing preliminary adjustments. However, market transactions have recovered and turnover has steadily risen. Over the weekend, the HSI exceeded 70 billion yuan. According to statistics disclosed by the Hong Kong Stock Exchange, the changes in equity disclosed in the latest 10 trading days have increased by 85 items to 942 items compared with the previous period.

According to the disclosed data, the consumption sector, railroad stocks, and Chinese bank stocks are all targets of recent large-scale increase in holdings by institutions. It is worth mentioning that Life Life once again spent more than HK$ 20.78 million to increase its holdings of China Coal Energy (4.65, 0.02, 0.43%) (1898), after holding more than 1.274 billion shares, holding ratio of up to 31.04%, Highest shareholder.

Although the HSI is still in adjustment, good news has continued to ferment in the near future. Although the sharp drop in the US and European markets has affected the rebound height of the Hang Seng Index to a certain extent, the opening of the Shanghai-Hong Kong Stock Connect has been in full swing. On the previous Friday, 89 brokerage firms had obtained the Shanghai-Hong Kong Stock Connect business qualification and were fully prepared. The opening of Tong will inevitably increase the transactions in the Shanghai and Hong Kong markets, or set off a new round of rising prices.

From the point of view of institutional sales, as the fourth quarter is the peak season for textile and apparel consumption, the industry's retail sales growth in the fourth quarter is expected to grow rapidly, and the textile and apparel stocks of the consumer sector are favored by institutions. According to data from the Hong Kong Stock Exchange, La Chapelle (6116), a clothing company that just landed on the Hong Kong stock market on October 9, was rushed by several agencies. CICC spent more than HK$80.28 million on the 9th to increase holdings of over 5.78 million H shares in La Chapel, holding over 24.02 million shares after holdings, holding 11.49%; on the same day, Hong Kong New World (9.50, 0.09, 0.96) %) Group and Chow Tai Fook Group's ** Cheng Yu-tung also spent more than HK$154 million in holdings of more than 11.08 million shares of La Chapelle H shares, holding 5.33% after holdings; founder of Hong Kong STI Financial Group Dong Shenda added 99.2 million H shares to Lachayer Bell on the 9th, which cost more than 278 million yuan, and the latest holdings accounted for 9.57%.

Some recent institutions are also chasing railroad investment and accelerating. The industry pointed out that with the approach of the end of the year, railway investment will continue to magnify, and Beijing will establish a high-speed transport corridor between Russia and Russia. The market expects that the new batch of high-speed rail projects and the pace of “going global” of high-speed railways will continue to accelerate, and the high-speed rail industry chain will benefit greatly. According to statistics, BlackRock (Inc.) increased its holdings of 1.487 million China Railway Construction (5.40, 0.02, 0.37%) (1186) H shares on October 13th, resulting in a total holding of more than 187 million shares. Shares accounted for 9.02%; Earlier Institutional Templeton Investment Counsel (LLC) added more than 2.508 million CSR shares (5.68, -0.09, -1.56%) (1766) H shares on October 10, after increased holdings. The total number of shares held exceeds 121 million shares, and its shareholding ratio has increased to 6.02%.

In addition, due to the stable performance of their performance and the persistently low valuation, Chinese banks have recently gained favor from some institutions. According to the data, Temasek Holdings (Private) Limited spent more than HK$170 million to increase the holding of 34.568 million ICBC (3.52, 0.00, 0.00%) (1398) H shares on October 7th, holding a total of over 78.12 shares after the increase in holdings. Billion shares accounted for 9% of shares; at the same time, another Chinese bank, Huizhou Bank (3698) also received large holdings from its shareholder Shanghai Soong Ching Ling, which spent more than HK$122 million to increase holdings by 3,600 million. The H shares of Huishang Huishang Bank made a total of 293 million shares, holding a 9.28% stake.