Sun Hung Kai: Hong Kong should see 21000 in the second half

"Newspaper" (Reporter Di Mengyu) Sun Hung Kai Finance yesterday expected the Hong Kong and mainland stock markets to be in the second half of the consolidation period, with the new revaluation, the economy will be able to recover next year, which will promote the mainland banking and industrial stocks. 　　The annual economic growth of the mainland will achieve the eight-year target, with the support of the mainland economy becoming clearer, the reasonable value of HSI in the second half is estimated at 21,000, and the state-owned enterprise index is 12,800 points. 　　Chinese stocks remain the focus of Tong, Sun Hung Kai Financial chief executive, said that with the revival of the Wood, Hong Kong's consumption figures would rise in the next 6 months and the job market would improve, with GDP growth of 2% per cent in 2010 and a rise to 2% this year. However, Securities analyst Peng Wei-wen Frankly, Hong Kong's stock market will be the leading Chinese stocks for some time, and local banks, and export-related industries are likely to run the market. 　　He selected 10 stocks as a medium-term investment, almost exclusively as a Chinese-funded unit, covering Chinese banks, energy and internal housing shares. The U.S. dollar weakened to smirks, the Bank of gold and foreign exchange analyst Raichunme that the U.S. dollar as a reserve currency, the status of the temporary irreplaceable, the renminbi can not achieve free convertibility, it does not have the conditions to become an international currency. 　　She expects the dollar to rebound in the second half of the year, but with limited scope, mainly due to structural fiscal deficits and a downward adjustment in the medium to long term. Gold or downward adjustment Raichunme also means that the central bank is considering withdrawing excess capital from the market to avoid inflation, so that gold's hedging function weakens and there is a chance that gold prices will continue to adjust downward. She expects gold to be supported in the short term at $850 trillion, with 1,000 dollars as a challenge, and a 2010 gold breakthrough of $1,000 trillion, with a long-term challenge of $1,200 trillion. Yuming, the bank's oil and energy analyst, said the oil price was weak in the third quarter of this year, and that the fourth quarter would fall in the 40-50 dollar range per barrel.