The Zhitong Finance App learned that Lin Zixuan, an investment strategist at DBS Hong Kong Investment Director's Office (North Asia Region), said that he has a “high profile” view of the mainland and Hong Kong stock markets, continues to be optimistic about the future performance of A-shares, and believes that they will outperform Hong Kong stocks. Regarding the recent improvement in Hong Kong stocks, he analyzed that this was mainly driven by two major factors: first, market concerns about the Federal Reserve's interest rate hike during the year have eased; second, global technology and hardware long positions, which had previously been excessively concentrated, are diversifying, and the market has begun to invest in sectors other than hardware, which has led to the Hong Kong stock technology sector.
Despite this, since the overall profit situation of hardware stocks has not deteriorated, DBS continues to be optimistic about the relevant sector. Considering that there are more relevant targets in A-shares, the preference for this market is higher.
At the macro level, DBS judges that the Federal Reserve will not cut interest rates this year. Despite a recent correction in gold prices, DBS believes that this is only a short-term clearance of speculative capital, and gold is expected to once again play its role as a safe-haven asset. Supported by long-term logic such as the central bank's purchase of gold, it is expected that gold will still have room to rise this year, reaching 5,300 US dollars/ounce by the end of the year.