JP Morgan released its outlook report for the Hong Kong stock market for 2H25. The BOCOMI raised the base case target forecast for the MSCI Hong Kong Index from 11,600 to 13,000 and the bull case target forecast from 12,400 to 14,000 points, with potential upside of 2% and 10%, respectively.

In terms of sector allocation, JP Morgan recommended Overweight in financials and consumer discretionary, upgraded the real estate sector to Neutral, and kept Underweight on utilities.

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Top stock picks included AIA (01299.HK)  +1.450 (+2.091%)    Short selling $254.50M; Ratio 20.029%   , BOC HONG KONG (02388.HK)  +0.100 (+0.279%)    Short selling $84.27M; Ratio 19.544%   , GALAXY ENT (00027.HK)  -0.150 (-0.405%)    Short selling $15.03M; Ratio 8.035%   , HKEX (00388.HK)  +4.400 (+1.017%)    Short selling $116.45M; Ratio 10.154%   , LINK REIT (00823.HK)  -0.450 (-1.038%)    Short selling $5.93M; Ratio 6.265%   , TECHTRONIC IND (00669.HK)  +1.050 (+1.115%)    Short selling $52.67M; Ratio 19.856%   , MGM CHINA (02282.HK)  -0.340 (-2.125%)    Short selling $5.31M; Ratio 9.051%   , and CHINA STATE CON (03311.HK)  -0.040 (-0.333%)    Short selling $10.45M; Ratio 24.545%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-23 12:25.)