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What are the Top 10 Hong Kong Stocks to Watch in 2021?

Summary:Discover the top 10 Hong Kong stocks to watch in 2021, including Alibaba, Tencent, and China Mobile. These companies have strong market positions and are expected to perform well in the coming year.

Hong Kong has always been a hub for business and finance in Asia. With its strategic location and strong economy, it is no wonder that many investors are interested in the Hong Kong stock market. In this article, we will take a look at the top 10 Hong Kong stocks to watch in 2021.

1. Alibaba Group Holding Ltd. (BABA)

Alibaba is one of the largest e-commerce companies in the world. It has a strong presence in China and is expanding rapidly internationally. The company has a diversified business model that includes online marketplaces, cloud computing, and digital media. In 2020, Alibaba's revenue increased by 30% year-over-year, and it is expected to continue its growth trajectory in 2021.

2. Tencent Holdings Ltd. (0700)

Tencent is a Chinese multinational conglomerate that specializes in various Internet-related services and products. It is best known for its social media and gaming platforms, such as WeChat and Honor of Kings. The company had a strong performance in 2020, with revenue increasing by 26% year-over-year. Its growth is expected to continue in 2021, driven by the increasing popularity of online gaming and social media platforms.

3. China Mobile Ltd. (0941)

China Mobile is the largest telecommunications company in China. It provides mobile voice and data services, as well as fixed-line broadband services. The company has a strong market position in China, which is one of the largest telecom markets in the world. In 2020, China Mobile's revenue decreased slightly, but it is expected to rebound in 2021 as the Chinese economy recovers.

4. China Petroleum & Chemical Corp. (0386)

China Petroleum & Chemical, also known as Sinopec, is one of the largest oil and gas companies in China. It operates in various segments, such as exploration and production, refining, and marketing. The company had a challenging year in 2020 due to the COVID-19 pandemic and the decline in oil prices, but it is expected to recover in 2021 as the global economy recovers.

5. Ping An Insurance (Group) Co. of China Ltd. (2318)

Ping An is a leading insurance company in China. It offers a wide range of insurance products, including life, health, and property insurance. The company also has a strong presence in the financial services sector, with businesses such as banking and asset management. Ping An had a strong performance in 2020, with revenue increasing by 7% year-over-year. Its growth is expected to continue in 2021, driven by the increasing demand for insurance and financial services in China.

6. CK Hutchison Holdings Ltd. (0001)

CK Hutchison is a multinational conglomerate that operates in various industries, such as ports, retail, energy, and telecommunications. The company has a global presence, with operations in over 50 countries. CK Hutchison had a challenging year in 2020 due to the COVID-19 pandemic, but it is expected to recover in 2021 as the global economy recovers.

7. AIA Group Ltd. (1299)

AIA is a leading insurance company in Asia. It offers a wide range of insurance products, including life, health, and accident insurance. The company has a strong presence in various markets in Asia, such as Hong Kong, Singapore, and Malaysia. AIA had a strong performance in 2020, with new business value increasing by 20% year-over-year. Its growth is expected to continue in 2021, driven by the increasing demand for insurance products in Asia.

8. China Construction Bank Corp. (0939)

China Construction Bank is one of the largest banks in China. It provides a wide range of banking services, such as deposits, loans, and wealth management. The bank has a strong market position in China, which is one of the largest banking markets in the world. China Construction Bank had a challenging year in 2020 due to the COVID-19 pandemic and the economic slowdown, but it is expected to recover in 2021 as the Chinese economy recovers.

9. Industrial and Commercial Bank of China Ltd. (1398)

Industrial and Commercial Bank of China is the largest bank in China by assets. It provides a wide range of banking services, such as deposits, loans, and wealth management. The bank has a strong market position in China and has been expanding internationally in recent years. Industrial and Commercial Bank of China had a challenging year in 2020 due to the COVID-19 pandemic and the economic slowdown, but it is expected to recover in 2021 as the Chinese economy recovers.

10. China Merchants Bank Co. Ltd. (3968)

China Merchants Bank is a leading commercial bank in China. It provides a wide range of banking services, such as deposits, loans, and wealth management. The bank has a strong market position in China and has been expanding internationally in recent years. China Merchants Bank had a strong performance in 2020, with net profit increasing by 12% year-over-year. Its growth is expected to continue in 2021, driven by the increasing demand for banking services in China.

In conclusion, these are the top 10 Hong Kong stocks to watch in 2021. These companies have a strong market position in their respective industries and are expected to perform well in the coming year. However, investors should always do their own research and analysis before investing in any stock.

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