My Journey in HKSFA-HKEX Portfolio Management Competition 2017

As expected, HSI is still on the rise.  Tier-2 stocks, the core stocks, are doing really well.  Blue chips are doing fine, such as Chinese Banks and insurance company.   Two typhoons has hit the Macau badly in the past 4 days and the entertaining business will be bad in the next couple of week.  It is time to DUMP & SHORT !  Other the other hand, real estate companies in China is doing great this year so far, and are expected doing great again in the coming months. As mentioned, the portfolio heavily invested in tier-2 stocks and has low co-relation with the HSI index.   This strategy is doing fine so far, and the risk is well managed at 30.9%.   The portfolio take advantage of this and will hold 30% of HIS in the future. Competition Ranking My portfolio is in top 4 in term of return and rank number ONE, with another top contestant,  in term of Sharpe Ratio.  I am definitely in the game. Market News: 港股今早先窄幅高開２０點，隨著中資金融股陸續放榜，市場...

The Hang Seng index has been rising in the past seven month.  That is amazing, having said that, rule is mean to be broken.  My guess is : there is still room for Hang Seng index. The portfolio, with a lot of infra-structure stocks and cyclical stocks, appears to have very low, if not negative, co-relation with Hang Seng index.  As a result, a couple of Hang Seng future contract were bought to manage the portfolio risk.   A portfolio with high return and low co-relation with the bench mark, that is more than I bargain for. Regarding to the competition, I was in top 5 in term of return and rank number two in term of Sharpe Ratio.  It is looking good and I expect to do better in August. Market News: 港股目前處於業績期，長和 （００００１） 昨日（３日）收市後放榜，惟表現遜於市場預期 ；同系長實地產 （０１１１３） 則按年升１４％，好過預期。長實急升帶動港股向上之動力，正 好被長和急跌所從抵銷，港股全日變得窄幅上落。接下來，大價股港交所 （００３８８） 、中移 動 （００９４１） 、騰訊分別將於本月９日、１０日及１６日公布中期業績，投資者宜持觀望態 度。 　　中金最新預期騰訊次季收入按年升５５％至５５５億元人民幣，按季則漲１２％，較市場平 均預期高出５﹒７％。惟該股一個月內（以７月４日始計起），已累升近１...