MSCI is considering the inclusion of China A Shares again. A few years back, when MSCI first spoke of such a plan, the news was warmly received by the media. But in the subsequent years, the inclusion of A Shares had failed to take place.
Hong Kong stocks opened low on 18 May due to the recent crash of the Dow, but it soon began to rebound, and at a point of time, it was only 30 points from recovering lost ground. The rebound could of course be attributed to the announcement of Tencent’s awesome results.
The share price of MTR Corporation (066.HK) broke record high on Wednesday (May 17) after it had announced its plans to joint bid with a mainland rail giant to build the Kuala Lumpur-Singapore link as its first attempt to capitalise on China’s “Belt and Road” trade strategy.
China’s “One Belt, One Road” (OBOR) summit, or what is formally called the Belt and Road Forum has pushed up the Hang Seng Index by 215 points. In the future, China would be injecting over a trillion Renminbi of capital into the project. Seems like it is about time to speculate on OBOR concept stocks.
On 6 May 2017, I returned to Singapore for the Shares Investment Conference as an invited speaker. I thank you for your unwavering support if you had attended the event and hope you have gained some meaningful insights.
As a small shareholder of Bank of Communications Co., Ltd, or Bocom in short (3328.HK), I recently received a form inviting me to apply for the new shares of Bocom International (3329.HK) and I was also offered a pre-guaranteed quota.
It is highly unlikely that a war will break out in the Korean Peninsula. Nonetheless, US President Donald Trump has incessantly been trying to add pressure on North Korea. On the eve of North Korea’s Army Foundation Day, Trump hit the phones to speak with Japan’s Prime Minister Shinzo Abe and Chinese President Xi Jinping.
Stocks across the globe surged after the first round of the French presidential election. The Hang Seng Index rose by 316 points, bringing it less than one percent away from its 52-week high. BBMG Corporation Ltd (2009.HK) rebounded greatly amidst adjustment pressures over the past few days. Meanwhile, Cheung Kong Infrastructure Holdings Ltd (1038.HK) rose for two consecutive days, presenting a significant breakthrough trend.
US Stocks are currently going through a period of quarterly results announcement, so different stocks are performing differently. However, when it comes to Hong Kong stocks, only a few companies release quarterly results. This lack of reference materials leads to a situation where the strong stocks get stronger.
The stock markets have been affected by quite a number of events that took place over the past two weeks. In China, the Chinese central government’s move to create a new special economic zone and relocate Beijing’s non-core functions to Xiongan New Area has sparked off speculative plays. However, far too many speculators jumped onto the bandwagon at high prices and suffered losses when the Chinese stock market corrected after two days of surge.