Session 2: US & HK Market Outlook

Webinar Details

Programme

6.50pm: HK Market Outlook (Speaker: Curtis Yeung, Strategist, Retail Research, UOB Kay Hian HK)

7.10pm: Q&A Session

8.00pm: End of Programme

Synopsis

An engaging discussion on the U.S. financial markets, where we’ll explore the remarkable strength of stocks, especially large-cap U.S. growth stocks, since the COVID-19 pandemic. We’ll take a closer look at parallels to the early 2000s, when the tech bubble burst. While large-cap growth stocks bore the brunt of that downturn, small-cap stocks, with their more reasonable valuations, weathered the storm better and went on to significantly outperform in the subsequent years. However, some argue today’s small caps may have less growth potential than in years past. Start-up growth companies today remain private longer, going public only after reaching large-cap status. This talk will shed light on how past market cycles can guide today’s strategies.

Hong Kong stocks traded lower for most of 1H24, hitting a low in mid-Sep 24 before rebounding strongly on policy stimulus. With the lower interest rate environment following the policy easing, we expect valuations to be better supported in 2025. A gradual recovery in domestic consumption in China is expected, as the policy easing announced in Sep-Oct 24 gains traction. However, uncertainties over the Sino-US relations will drive the potential re-rating. There is also a major difference between trade war 1.0 and what China may face in trade war 2.0. This seminar will help you to see the big picture and draw up your investment plans.

Speaker's Profile