6 December 2019

Atlantis Investment sees correction in HK stocks, paper says

The Hong Kong stock market’s benchmark Hang Seng Index is trading at a premium and could be headed for a downward adjustment of up to 10 percent, the Securities Times quoted Atlantis Investment Management (Hong Kong) Ltd. founder Liu Yang as saying. Liu revealed that one of her firm’s funds has held a short position on the key index. Meanwhile, she is optimistic about the prospects of the mainland’s A-share markets, noting that the stocks there have trailed global markets by more than 30 percent over the last five years. The A-shares could now see robust performance in 2015 and 2016, she said. In other comments, Liu said her firm is investing in healthcare stocks as the middle class in China are becoming more health-conscious. Atlantis’ most recent buy has been the newly-listed China Pioneer Pharma Holdings Ltd. (01345.HK), according to the report.

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