Investment Daily Note

External markets rallied as US add 287,000 jobs in June, surprisingly topping market expectations. Meanwhile, in China, the consumer-price index grew 1.9 % yoy in June, lower than market estimate, which may suggest possible stimulus policies in near future, and these are positive to HK stocks.

    China Resources Cement (1313.HK)announced a profit warning, stating that primarily attributable to the lower selling prices of cement products in China, profit attributable to the owners of the Company for the six months ended 30 June 2016 is expected to significantly YoY decrease. We expect stock price would remain low.