Daiwa announced its top picks this year, including SWIREPROPERTIES(01972.HK) +0.100 (+0.455%) Short selling $2.03M; Ratio 8.900% , CHINA RES LAND(01109.HK) +0.080 (+0.426%) Short selling $36.57M; Ratio 23.326% , BANKCOMM(03328.HK) +0.010 (+0.175%) Short selling $12.93M; Ratio 12.568% , NCI(01336.HK) +0.200 (+0.530%) Short selling $22.89M; Ratio 29.389% , GEELY AUTO(00175.HK) -0.320 (-3.486%) Short selling $26.71M; Ratio 4.776% , BOC AVIATION (02588.HK) +1.350 (+3.497%) Short selling $4.50M; Ratio 23.212% , AAC TECH(02018.HK) +0.900 (+1.161%) Short selling $52.11M; Ratio 15.252% , POU SHENG INT'L(03813.HK) 0.000 (0.000%) Short selling $1.19M; Ratio 10.916% , TENCENT (00700.HK) 0.000 (0.000%) Short selling $77.02M; Ratio 4.415% , CANVEST ENV(01381.HK) +0.070 (+1.804%) Short selling $2.69M; Ratio 18.206% and ENN ENERGY(02688.HK) +0.950 (+2.585%) Short selling $9.13M; Ratio 5.832% .
The research house said that the office leasing market in Hong Kong was expected to beat market expectations and believed that the impact of rumored office rents peaking was limited.
As for the mainland real estate market, Daiwa pointed out that under sluggish market, leading property developers could benefit more. CHINA RES LAND, with strong growth of rental business backed by parent's quality land bank, became the integrator of the industry.
In terms of financial stocks, the research house believed that Chinese and global life insurers had benefited most from rising interest rates. The premium portfolio of NCI turned around since the third quarter of last year, which was expected to continue in next two years.
Daiwa added that GEELY AUTO could benefit from the increased sales; coupled with absence of capacity constraints this year, the research house expected Geely's sales growth at about 42% year on year, driving earnings growth by 59%.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-01-24 16:25.)
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