Lining, The Chief Executive Of The Joint Venture, Has Been Repeatedly Transferred To The Market For 9 Years.

Investors are still concerned about the development of international trade situation and the performance of economic data. In July, the US consumer spending rose more than expected, and inflation indicators remained low. Hong Kong stocks closed on Monday, with the Hang Seng Index closed down 0.38%, at 25626.55 points, the SOE index rose 0.2%, at 10103.36 points, and the red chip index fell 0.08%, to 4152.62 points.

In July, the price index of private housing in Hong Kong fell to 394.4, down 0.1% by month and two months in a row. Experts believe that the decline or expansion in August to 1%, Hongkong's local real estate stocks continued to decline, letters and home buyers fell 3.39%, fell 19% earlier this year, the Yangtze River infrastructure fell 2.84%, Kowloon warehouse property fell 2.36%, Changshi fell 1%, the new hung base fell 2.79%. Motor stocks fell collectively, a 14.54% drop in auto sales. The semi annual report showed that the revenue of the company in the first half of 2019 was 17 billion 431 million yuan, down 7.1% from the same period last year, and the profit attributable to shareholders of the company was 471 million yuan, down 33.8% from the same period last year. The gross profit margin was about 11.8%, a decrease of about 0.5 percentage points from the same period last year. Lining transferred to the joint chief executive, the company's share price rose nearly 5%, the stock price hit a new high of 9 years, and has jumped 186% since the beginning of this year. In the morning of September 2nd, Lining issued a notice announcing that Lining, chairman and acting chief executive officer of the board, was transferred to the joint chief executive officer. He appointed the global executive director of uniklo (fast Marketing Group), UNIQLO China COO, UNIQLO Korea CEO Gao ban Wu Shi (Japanese Chinese, Chinese name Qian Wei) as co chief executive officer.

Louis, a senior analyst at Huasheng securities, said that some economists in the US pointed out that although the global manufacturing industry is shrinking and the economic growth is slowing down slightly, the US economy is still growing steadily. Because the labour market continues to be strong, the average salary has also increased slightly. At the same time, the number of people receiving unemployment benefits continued to be low, and there was no significant increase. Although the interest rate is reversed, it is also one of the reference data. Moreover, it only indicates that there will be an opportunity to enter the recession cycle in the future, but it can also be 2 years later. Coupled with the negative effects of European interest rates on monetary policy, the effect of monetary policy has gradually declined, so there is little chance of a recession in the US.

Entering the September, the issue of Hong Kong stocks has not yet improved, and the external turmoil is difficult to detect. It is impossible to solve the problem in a short time. Therefore, there is a lot of room to fall and a chance to try again. Therefore, it is advisable to maintain a wait-and-see attitude. The current price earnings ratio of Hang Seng index is only about 10 times, much lower than the average of nearly 5 years. Although the value is too high, do not rush to catch up.