Year of Rabbit investors can have carrot and eat it: CLSA

The brokerage sees patience as key amid volatility for Hong Kong stocks, and forecasts a good year for financials, gaming, gold, resources and transport.

CLSA expects the Chinese Year of the Rabbit to reward Hong Kong investors with plenty of carrots, provided they remain patient in what is likely to be a series of “hop-and-stop” moments.

Publishing its 17th tongue-in-cheek Feng Shui Index report on expectations for the new cycle, which follows on from the Year of the Tiger on February 2, CLSA Asia-Pacific Markets forecasts a healthy dose of luck and material gain for Hong Kong stock market investors.

But, with a continuation of last year’s conflict between heavenly metal stem and earthly wood branch, Francis Chueng, head of China-Hong Kong strategy, and analyst Phillip Chow stress the need for self-discipline to stomach likely volatility.

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