Tired stock horse fit for the glue factory? Or fiery Mustang Seng set to giddy-up up up?
22 January 2014
Hong
Kong - Wednesday, 22 January 2014 - CLSA, Asia’s leading independent
brokerage and investment group, today launches its 20th annual CLSA Feng
Shui Index – a tongue-in-cheek financial forecast for the coming Year
of the Wood Horse, with a focus on the Hang Seng Index, key market
sectors, world leaders and celebrities, and each of the 12 Chinese
zodiac signs. All based on little more than a whisper of wind (feng) and
a babble of water (shui).
How do we see the bourse under the
influence of the Horse? We conclude that this Pony is un toro in toto -
pure bull from teeth to tail. Its fortune chart may not be the best
balanced, but it is full of Fire - the intrinsic element that’s widely
regarded as the driver of investor sentiment.
This is especially
so for the Hang Seng Index, as Fire is also its “lucky element”. We
uncovered so many unexpected connections, coincidences and links between
the HSI and this Wood Horse that we discern a definite Casablanca
connection - ‘the beginning of a beautiful friendship’. And one that
should be very rewarding. Our “pure bull” forecast sees the index hit
28,105.
Positive, powerful and race-paced - there’s much to like
about the Horse. It’s also well positioned: At No.7 in the zodiac, the
Horse kicks off the second half of the 12-year cycle. Traditionally, the
vital force or energy known as qi is considered to be spent or stale
half-way through a cycle - the Horse heralds the arrival of the
so-called second wind - a burst of invigorating fresh qi.
Once
again, this year’s CLSA Feng Shui Index features a month-by-month guide
to the HSI, the outlook for key sectors, four-sphere forecasts for each
zodiac sign, our popular Hong Kong property guide, and fates of some
famous faces – the likes of US Fed chair apparent Janet Yellen, Japan’s
Shinzo Abe, Alibaba’s Jack Ma Yun and futbol capital Rio de Janeiro.
Our
Sector-selector Element Detector suggests we’ll see the best
performances from businesses associated with Wood (retail, soft
commodities, plantations . . . plantations?) and also Fire (the likes of
internet, tech, telecoms, some oil & gas and power suppliers).
Among
the zodiac signs, the Horse favours Tigers, Sheep (Goats) and Dogs.
Those that may be in for a more challenging ride are Rats, Cows and
Rabbits. But then pluck beats luck every time. Kung hei fat choi! And
may the Horse be with you.
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