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Fidelity Int'l Forecasts HIBOR to Stay Low for Some Time, Bullish on HK Bourse Backed by Supply/ Demand
Recommend 76 Positive 96 Negative 27 |
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The HIBOR will hover at its current low level for some time, which is crucial for mortgages and the common US dollar loans among property developers, Zhu Lei, the Head of Asian Fixed Income at Fidelity International, predicted at the Fidelity International 2025 Asia-Pacific Investment Conference. As for how long it will last, the HIBOR should take several months (3-6 months) to strengthen liquidity, with reference to historical levels. Fidelity International Portfolio Manager Zhang Yuxiang expressed a constructive view on emerging markets, including Hong Kong, from an asset allocation perspective, due to macroeconomic improvements and individual companies' beat in results performance, particularly in the field of AI, such as BABA-W (09988.HK) and TENCENT (00700.HK) rising in the AI race. Compared to the U.S. "Magnificent 7", Hong Kong and Asian stock markets have lower valuations, and earnings growth supports valuation re-rating. Hong Kong stocks are supported by both supply and demand dynamics, with more high-quality Chinese companies choosing to list in Hong Kong, boosting market performance, he mentioned. Additionally, after five years of reducing holdings in Hong Kong and Asian markets, global investors now need to rebuild positions to capture growth opportunities. AASTOCKS Financial News Website: www.aastocks.com |
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