To The Moon

Refer to How to balance portfolio of Chinese stocks?

Most of Hong Kong exchange stocks are Chinese Mainland companies. Only a few of local ones, such as$CKH Holdings(00001)$$HK & CHINA GAS(00003)$ $MTR CORPORATION(00066)$ in local businesses and utilities, or international enterprises, such as $HSBC HOLDINGS(00005)$ $RUSAL(00486)$ $SAMSONITE(01910)$.

When experiencing the rebound, the last thing all investors would like to experience is to miss it.

Even your ticker has increased 50%, when you see others increased 100%, you will still feel you are losing money. It is a typical behavior Thus, we should Find tickets that are more flexible and soaring more in the market.

By Market Value

Those over HK $500 billion in Hong Kong market are mainly some large state-owned enterprises, consumer enterprises and leading Internet companies, distributed in finance, energy, optional consumer industries and Tencent. Among them, the returns in the past month exceeded 15% $Alibaba(09988)$ $PING AN(02318)$ $CM BANK(03968)$ $TENCENT(00700)$ $CHINA LIFE(02628)$ $CTG DUTY-FREE(01880)$.

Among them, dual listings, whether US stocks or A shares, Pricing power is generally not in the Hong Kong stock market, so it's actually just Tencent,$Meituan(03690)$Such head technology companies determine the rise and fall of enterprises with large market value weight.

In terms of 6-month beta, the ones with better elasticity (over 1) are$JD-SW(09618)$$Alibaba(09988)$$PING AN(02318)$$Meituan(03690)$$Inviting investmentBank (03968) $$TENCENT(00700)$$BYD COMPANY(01211)$

Medium stocks with a market value between HK $50 billion and HK $500 billion are relatively dynamic.

The initiative of the second listing ticket is basically not in the Hong Kong market, which reflects the volatility of the US stock market, but also the attitude of funds towards Chinese stocks. For example, the highest increase in a month$BILIBILI-W(09626)$And other secondary listings$XPENG-W(09868)$$NIO-SW(09866)$$KE Holdings Inc.(02423)$$BOSS ZHIPIN-W(02076)$Wait.

According to the six-month beta, More than one third of companies have better flexibility (more than 1), of which$BILIBILI-W(09626)$$CG SERVICES(06098)$$LONGFOR GROUP(00960)$$XPENG-W(09868)$$COUNTRY GARDEN(02007)$The beta of Bilibili and Country Garden services even exceeded 2, and the monthly beta of Longhu exceeded 3, indicating that it was very strong in the rebound.

Among them, not only the beta is high, but also the more active companies with alpha are:$Tencent Music Entertainment Group(01698)$$HAIDILAO(06862)$$WUXI BIO(02269)$$LI NING(02331)$$BILIBILI-W(09626)$$KUAISHOU-W(01024)$$SUNSHINE INS(06963)$$PHARMARON(03759)$$TRIP.COM-S(09961)$Wait.

In the past two weeks, there have been quite a few companies that have shown net purchases.Where beta is high, alpha is positive, and Net buying is positive, the largest stock is $KUAISHOU-W(01024)$.

Those market value less than HK $50 billion, might not necessarily be a small company, But the activity level has reached a higher level.

Among the stocks with a market value of HK $500 million to HK $50 billion, the top 20 votes in the six-month beta include$Kingsoft Cloud Holdings Limited(03896)$$CIFI HOLD GP(00884)$$GDS-SW(09698)$$MING YUAN CLOUD(00909)$$SEAZEN(01030)$Wait.

Among them, the capital inflow in the past month is positive, and beta>1, alpha>0 companies are as follows, and the increase in recent months is relatively larger, most of which exceed 20%.

From the industry point of view, the optional consumption, information technology, real estate and medical sectors are more active.

Consumption Discretionary

Information technology

Real estate

Healthcare

Well, capital inflows often depend on international institutions, although they may be more cautious about entering Chinese assets.However, in the last month, they began to increase their stakes, and more Chinese assets will be allocated.

In the rebound, if you hold more large-cap companies, you are not gonna beat the market. Choosing some small companies with better flexibility and creating alpha, would help your portfolio outperform market ETFs.