The increase in the Hong Kong stock market is largely attributed to the rise in valuations, and now we need to look at the annual reports
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China National Investment Securities analysis pointed out that since the beginning of the year, the Hang Seng Index in the Hong Kong stock market has risen by 19.4%, with the price-to-earnings ratio increasing by 20.1%, but both actual EPS and ROE have declined. The market has raised its future earnings forecast by 4.13%, supporting the Hong Kong stock market to emerge from a bear market. If earnings recover, the market will welcome a larger upward trend; if earnings recovery fails, it may face market adjustments. If there are no earnings that exceed expectations during the annual report window, the valuation increase may cool down
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