Is It Time To Buy EWH iShares MSCI Hong Kong ETF?
@koolgal：
🌟🌟🌟China's new stimulus package is sparking optimism in Hong Kong stocks with the Hang Seng Index surging 6.4% to 22,487.74, breaking above the 22,000 level for the first time since February 2023. $iShares MSCI Hong Kong ETF(EWH)$ is up 2.8% on Friday, hitting a 52 week high. It has risen 5.8% for the week. EWH is now up 18.3% year todate. EWH seeks to track the investment results of an index composed of Hong Kong equities. In just 1 trade, I gain access to the best Hong Kong companies. The Top 10 holdings include AIA Group, Hong Kong Exchange, Techtronic Industries, Sun Hung Kai Properties, CK Hutchison Holdings, Link Real Estate Investment Trust, CLP Holdings, BOC Hong Kong Holdings, Galaxy Entertainment Group and Hang Seng Bank. AIA takes up 24% of the weightage followed by Hong Kong Exchange at 13%. Top 10 holdings weightage is 68%. Total number of holdings is 28. The expense ratio is 0.50%. Dividends are paid every 6 months. The current dividend yield is 4.84%. EWH goes ex dividend on December 17 2024. AIA $AIA(01299)$ is the largest US publicly traded life insurance group in the Asia Pacific region. It offers a full range of insurance products from life insurance, accidental, medical and health insurance as well as investment linked products. Hong Kong Stock Exchange $HKEX(00388)$ is one of the largest stock exchanges in Asia and the 9th largest globally by market capitalisation as of August 2024. Techtronics Industries $TECHTRONIC IND(00669)$ is a Hong Kong based multinational company that designs, produces and markets power tools, outdoor power equipment, hand tools and floor care appliances. $SHK PPT(00016)$ Sun Hung Kai Properties is one of Hong Kong's largest property developers since 1972. The Group develops premium quality residential estates, offices and shopping malls. These are just 4 of the biggest Hong Kong based companies included in EWH ETF. I believe that EWH has reached a turning point with the stimulus by the Chinese authorities. EWH is one of the oldest Hong Kong ETFs with an inception date of March 12 1996. Assets Under Management is USD 731.9 million. Morningstar has awarded EWH a Bronze Medal with effect from August 31 2024. Wall Street Analysts are bullish on EWH with a Buy rating, Target price ranging from a high forecast of USD 22.95 to a low of USD 18.43 according to Tipranks. I have just started to invest in EWH in September and it is beginning to show its huge potential. With its proximity to China, ASEAN and the wider Asian region, Hong Kong is the gateway to China and therefore a superconnector between China and the rest of the world. I believe it is time for Hong Kong to shine and EWH ETF is my tactical bet on the future of Hong Kong. @Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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