Investment Daily Note

HKEX (388.HK)is scheduled to announce interim results ended June 30 2016. As the daily average turnover of 1H2016 is HKD67.5billion, a 46% decrease yoy, the net profit for 1H2016 consensus forecast may drop 40% to 50% yoy. However, it is estimated that the stock price is likely to consolidate at current level until further info of Shenzhen-HK Stock Connect is announced.

U.S. stocks extended the upswings with Nasdaq and S&P 500 posting fresh records that would help maintain investors’ eagerness to enter the market at a higher level. HSI could test the next resistance of 22,560 in neat-term.