Investment Daily Note

PetroChina(857.HK)announced plans to reorganize its natural gas pipeline assets, including the injection of Kunlun Gas into Kunlun Energy(135.HK). The integration may enhance Kunlun Energy’s gas pipeline business, and reduce competition with PetroChina, which may boost Kunlun Energy’s share price.

Tomorrow (27 November) will be the November settlement date for HSI and HSCEI index futures contracts. Rollover activities may take place today, investors may pay attention to the discount/ premium of the index futures for the current month and next month. If there is premium, which may indicate that investor is bullish, and vice versa. In addition, today the US stock market will be closed for the Thanksgiving holiday, the turnover of Hong Kong stock market is expected to remain low.