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<Research>CICC Predicts HSI to Add ZIJIN GOLD INTL/ BEONE MEDICINES/ PICC P&C/ AKESO as New Constituents; STANCHART May Replace HANG SENG BANK
Recommend 21 Positive 47 Negative 16 |
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After the market close on February 13 (Friday), Hang Seng Indexes Company will announce the results of its annual review of the Hang Seng family indices, according to CICC's research report. The review will cover major flagship Hong Kong stock indices such as the HSI, the HSCEI, and the HSTECH, as well as the Hang Seng Composite Index, which directly affects the scope of eligible stocks for Southbound Stock Connect. Based on currently available data, CICC forecasts that ZIJIN GOLD INTL (02259.HK), YUM CHINA (09987.HK), and BEONE MEDICINES (06160.HK) will meet the inclusion criteria for the HSI. Meanwhile, several Hong Kong companies may fill the gap created by HANG SENG BANK (00011.HK)'s removal. Based on the HSI's adjustment methodology and CICC's verification of subjective adjustment standards through past review results, the broker estimates that ZIJIN GOLD INTL, BEONE MEDICINES, YUM CHINA, XPENG-W (09868.HK), PICC P&C (02328.HK), AKESO (09926.HK), CPIC (02601.HK), and LAOPU GOLD (06181.HK) will meet the inclusion criteria and rank among the top potential candidates. Taking into account market capitalization ranking and industry coverage, CICC believes STANCHART (02888.HK), SWIREPROPERTIES (01972.HK), and SINO LAND (00083.HK) will also be near the top of the list, though whether they will fill the gap this time remains uncertain. As for Southbound Stock Connect adjustments, CICC anticipates 44 stocks, including JD INDUSTRIALS (07618.HK) and CHUANGXIN IND (02788.HK), to become eligible for inclusion. NANHUA FUTURES (02691.HK) is also expected to be added after its price stabilization period. Conversely, 25 stocks, including UBOX ONLINE (02429.HK) and AUTOSTREETS (02443.HK), may be removed. AAStocks Financial News |
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