To The Moon

With the market gradually recovering, $CSI China Internet ETF(KWEB)$ has seen net inflows of $490 million since May.

$CSI China Internet ETF(KWEB)$ is currently the largest ETF tracking Chinese Internet companies, with its top five positions including $TENCENT(00700)$ , $Alibaba(09988)$ , $JD-SW(09618)$ , $BIDU-SW(09888)$ , and $MEITUAN-W(03690)$ .

Many major institutions revised theri price target for $MEITUAN-W(03690)$ and $Alibaba(BABA)$.

Jefferies Group adjusted its target price on $MEITUAN-W(03690)$ to HK$323.

Truist Securities analyst Youssef Squali increased the price target on Alibaba from $132 while maintaining a "Buy" rating on the shares.

Analysts said that

China's PMI data for May was a bright performance. Substantial progress may have been made in resuming work and production, which is crucial to restoring economic growth. Hong Kong market is now rebounding from its lows。

Analysts believe that

Some sectors like Internet, auto, and consumptions, will outperform in the near term. Inparticular, Internet sector is expected to rebound more than others.

Here are some votes from institutional investors on current market & future analysis:

1. Institutional investors generally consider recession and inflation as the biggest risks, and regulation is no longer a priority

To learn more about government regulation, you can click Chinese Tech Breaks Out: Future Outlook From Analysts

2. Institutional investors' stance shifted from bearish to bullish on the market, and stocks will start to rise in the second half of the year

Positive opinions from institutional investors are good signs for us to stay in the market.

3. The number of institutional investors who are bullish on HKEX stocks and those who are relatively neutral are basically the same, which both outnumbered US market.

It tells us that US market might still be choppy in the short-term. Maybe we can have a look at the HK market.

4. Institutional investors are most bullish on the Internet and high dividend sectors in Hong Kong stocks.

Conclusion

In terms of risk, institutional investors generally consider global inflation and recession as the most important risks, while regulation is no longer the first concern for investors.

Institutional investors are relatively bullish on the Hong Kong stock market. In the Hong Kong stock market, the Internet sector and high dividend theme are the most bullish investment opportunities for foreign institutional investors.

What's your opinion towards HKEX stocks?

Are you bullish or bearish?

Share your thoughts in the comment section!