Brokerage firm CLSA has launched its annual Feng Shui Index (FSI) as the Chinese prepare to usher in the Year of the Goat.
The report, a tongue-in-cheek financial forecast for the coming year, charts the Hang Seng Index (HSI), including month by month forecasts and top sector picks.
It also includes CLSA’s popular Hong Kong property guide, although investors are warned not to take the predictions too seriously.
Well, what do the brokerage’s feng shui masters actually say?
To being with, they point out that goats are harmonious creatures, “but be prepared for the typically affable goat to reveal his gruff side this year”.
The HSI will not perform spectacularly this year as the rooster clashes with the goat, causing it to falter. The index is expected to be volatile after a mundane start.
But sectors such as autos and electronics are expected to do well, while silver and gold will also pick up. Elsewhere, the oil and gas markets, which had been lackluster last year, could also do well.
In the Year of the Goat, “cashmere sectors” include renewables, commodities and property, the CLSA feng shui report says. But property gains will be selective.
As the Shanghai Composite Index was created in a Horse year, there should be no disruptions to the through-train this year.
In other comments, the report noted that famous people born in the last Wood Goat Year (1955) include Chow Yun Fat, Yo-Yo Ma, Whoopi Goldberg, Steve Jobs and Bill Gates.
Hence, prospective parents need not harbor doubts that the coming year won’t be such a good one to have babies.
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