Source:
https://scmp.com/business/money/stock-talk/article/2130611/hong-kong-stocks-are-not-yet-richly-valued-expect-rallyStock Talk
Hong Kong stocks are not yet ‘richly valued’, expect the rally to continue on mainland fund inflows, analysts say
In spite of a record-breaking rally, Hong Kong stocks are valued at just 12.2 times forward earnings, or near their 10-year historical average
The rally in Hong Kong stocks paused on Thursday, as the benchmark Hang Seng Index ended lower for the first time in eight sessions. Photo: Edward Wong
Hong Kong’s stock market has started the year with a vigorous, record-breaking rally.
But there is still room for valuations to head higher, especially given accelerating fund inflows from the mainland, according to China International Fund Management (CIFM), a joint venture between JPMorgan Asset Management and Shanghai Trust.