State-owned Enterprises index half day quick rebound 292 points to regain the lost ground

Hong Kong stocks rebounded strongly today, with the index of state-owned enterprises at midday at 10,930 points, up 292 points, or 2.75%, almost completely regain the last 299 points of lost ground, However, the Half-day transaction was reduced to HK $13.116 billion, reflecting the effective cleaning of some of the floating chips after the day's washing, which is conducive to the rebound of the city, of course, the short-term rush of investment banks to increase the number of second-line components of the rating and target price, no doubt also improve the enthusiasm of The organization is optimistic about the future, DBS only up to market investment desire to upgrade, the continued low interest rate, and the economic stability of the reasons, it is expected to increase the HSI this year to 20,000 points, next year to 22,000 points.　　Industry and Commerce East Asia also expects liquidity will drive the market to test the 20,000-point mark recently. The market is looking forward to China still has the advantage in the iron ore price negotiation, plus the big Line sings well, the steel stock soaring, the Masteel shares (0323-HK) and Anshan Iron and Steel Shares (0347-HK) rose 10.69% and 8.22%, the former is the biggest increase in state-owned enterprises constituent stocks. Credit Suisse's gross profit margin will rise sharply, raising its target price from HK $12.5 to HK $17.1, maintaining a higher-than-market rating.　　Credit Suisse also bullish on Masteel, raising its target price from HK $4.5 to HK $6.2 to maintain a stronger-than-market rating. The BDI index rose 11.55% last night, boosting the performance of the shipping sector, with China Sea Development (1138-HK) and CSCL (2866-HK) rise 8.74% and 7.98%, and Chinese Ocean (1919-HK) also rose 5.28%. Metal stocks are also strongly supported by commodity markets, Luoyang molybdenum (3993-HK) rose 5.44%, Chinalco (2600-HK) and Zijin Mining (2899-HK) rose 5.2% and 4.17%. Oil stocks are also higher, PetroChina (0857-HK) rose 4.2% per cent, driving the index to a significant increase, with UBS as the preferred industry unit, best able to benefit from market growth and price reform, and wary of the same CNOOC (0883-HK) and Sinopec (0386-HK)　　Given a sales or neutral rating, the two shares rose 2.38% and 1% respectively at midday. ICBC (1398-HK), which digested Goldman's holdings, rebounded 2.45% per cent, encouraging a rally in the city, which has maintained its own overweight rating as its fundamentals and growth prospects are solid.　　Shares of the same kind have been higher, the Bank of Communications (3328-HK) has been involved in insurance, the share price rose 4.69%, China Merchants Bank (3968-HK) rose 3.59%, Construction Bank (0939-HK) and the Chinese Bank (3988-HK) rose 2%. Dongfeng Group (0489-HK) Rose 4.77%, reported 7.69 Hong Kong dollars, over the past three months along the 10th line repeatedly climbed; Merrill Lynch continued, the industry will benefit from the long-term growth after the potential cyclical recovery, maintaining its overweight rating, with a target price increase of 18% to HK $8.4. China Telecom (0728-HK) rose 3.71% to HK $3.91, UBS and Macquarie also sang, with the former raising its target price to HK $4, which it chose as the industry's preferred unit. State-owned enterprises only Chinese iron (0390-HK) market lower, slightly down 0.9%.