How to Trade in the Hong Kong Stock Market Using the HKSE Stock Screener

A stock screener can help you when trading in the Hong Kong stock market, stocks particularly. First, some valuable information about this market.

The main representative body of the Hong Kong stock market is the Hong Kong Stock Exchange, located in Victoria City, Hong Kong. This organization is second only to the Tokyo Stock Exchange within Asia, in terms of market capitalization. It is also the fifth largest exchange in the world. Its holding company is the Hong Kong Exchanges and Clearing.

Companies and Trades Within the Hong Kong Stock Exchange

This exchange has over 1400 companies that operate within it, having an overall market capitalization of HK$16.985 trillion. Many of the company stocks traded here are at low prices of HK$4 or less per share, while penny stocks are at the price of HK$ 0.50 and less.

Each of the stocks that are traded within the HKSE is given its own board lot size, and most purchases will be made in multiples of this amount. Any purchases that are made in other amounts are executed elsewhere, in the “odd lot market”.

The main market index is the Hang Seng index. It is a freefloat-adjusted index weighted according to market capitalization. It is used for monitoring and recording the daily changes within the HKSE’s largest companies, 48 in number, which represent nearly sixty percent of market capitalisation within the market.

History

Although informal securities exchanges are known to have been in place in Hong Kong since 1861, the first formal securities exchange was started there in the late 1800s. The Hong Kong Stock Exchange has remained the main exchange over the years, having monopolized the market between 1947 and 1969.

The computer-assisted trading system was initiated in the exchange on the 2nd of April 1986 while the AMS (Automatic Order Matching and Execution System) was launched in 1993 and later replaced in October 2000 with the generation system (AMS/3).

How to Trade Within The Hong Kong Stock Market

If you are thinking of investing within this market, you will want to know the best way to do that. What is the best way to trade profitably in any market? First of all, you need the right knowledge, and secondly, you need the right tools.

Let’s look at one essential tool. As stated earlier, a stock screener tool will assist you when trading in stocks. The stock screener is a piece of highly advanced software that allows an investor to clearly analyze and segregate the stocks that he wants to trade in based on the exact criteria that he specifies.

So, for example, if you as an investor need to decide what stocks will be financially profitable and also worth your time and effort, you could use a stock screener tool to select specific stocks based on certain characteristics that you desire that they have.

These factors could be anything from stock price to price-to-earnings ratio, and using them will give you more confidence in the trades that you are making.

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Top Analyst Upgrades and Downgrades: Dollar Tree, FireEye, Ferrari, Kroger, Proofpoint, Verifone and More

Stocks were indicated slightly positive on Thursday after a mixed Wednesday and following a large drop on Tuesday. This is ahead of a key legislative test on the repeal and replacement for Obamacare. The bull market is now over eight years old, and investors keep finding new reasons to drive stocks higher and to buy those same stocks on every market sell-off. Oil also has dropped to the lowest levels since late in 2016.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. The goal is to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.

Some color has been added on certain analyst calls here, and the consensus analyst price targets referenced are from Thomson Reuters. These are the top analyst upgrades, downgrades and initiations seen on Thursday, March 23, 2017:

Cloud Peak Energy (NYSE: CLD) was raised to Market Perform from Underperform at FBR Capital Markets.

Dollar Tree Inc. (NASDAQ: DLTR) was raised to Neutral from Underperform with a $73 price target (versus a $73.98 prior close) at Credit Suisse.

FireEye Inc. (NASDAQ: FEYE) was raised to Buy from Neutral at Goldman Sachs, and the firm raised its target to $15 from $10 (versus an $11.49 close). A similar call was made earlier in the week by Merrill Lynch, but its target was even more aggressive at $18.

Ferrari N.V. (NYSE: RACE) was raised to Buy from Neutral at Citigroup, just about 10 days after having been started with a similar Buy rating at Jefferies.

Fortive Corp. (NYSE: FTV) was started as Sector Perform at RBC Capital Markets.

Herman Miller Inc. (NASDAQ: MLHR) was raised to Market Perform from Underperform at Raymond James.

Kroger Co. (NYSE: KR) was raised to Outperform from Sector Perform at RBC Capital Markets.

Lazard Ltd. (NYSE: LAZ) was raised to Neutral from Underperform at Merrill Lynch, noting that the call was on near-term fundamentals and a discount valuation versus peers.

ManTech International Corp. (NASDAQ: MANT) was raised to Market Perform from Underperform at Wells Fargo.

Meredith Corp. (NYSE: MDP) was maintained as Hold but the price target was raised to $65 (versus a $62.75 close) at Benchmark.

Norfolk Southern Co. (NYSE: NSC) was downgraded to Underperform from Sector Perform at RBC Capital Markets.

Proofpoint Inc. (NASDAQ: PFPT) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs.

Steelcase Inc. (NYSE: SCS) was raised to Strong Buy from Market Perform at Raymond James.

SUPERVALU Inc. (NYSE: SVU) was raised to Outperform from Sector Perform at RBC Capital Markets. Shares were indicated up 6% at $3.54 on Thursday.

Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) was indicated down 7% at $72.85 on Thursday due to results from a seizure medication study. It was downgraded to Neutral from Overweight at Piper Jaffray, and Wedbush lowered its target for the stock.

Verifone Systems Inc. (NYSE: PAY) was maintained as In-Line at Imperial Capital, but the price target was raised to $20 from $18 (versus an $18.53 close).

Varonis Systems Inc. (NASDAQ: VRNS) was raised to Market Perform from Underperform at Stifel.

Wednesday’s top analyst calls included FedEx, Frontier Communications, IBM, LendingClub, Micron Technology, Nike, Sirius XM, Urban Outfitters and many more.

Follow @Jonogg on Twitter to get analyst calls and research summaries posted directly to your feed.