JPM July Shock: HK Stocks 35% Undervalued?

JPM's July 21 report: HK's H1 financing hit record HK$281B, southbound funds surged to 23% market share. MXHK trades at 14x PE, 0.5 standard deviation below 10-year average. Financials earnings jumped 15%, index target raised to 13,000. Three themes: August stablecoin licenses, Northern Metropolis trillion investment, high-dividend local stocks. Core thesis: valuation trough + earnings recovery + capital inflows = buy-the-dip opportunity.

Om Podcasten

Two CFA professionals crack open everyday’s Wall Street Journal, distilling the essential headlines, the biggest winners and losers. The show is conversational—no jargon, no rambling—but backed by decades of combined experience on the research desk and trading floor. Perfect for your commute, coffee break, or pre-market scan.