From CLSA, Jan 22, 2014:
CLSA Feng Shui Index 2014 - Year of the Wood Horse
Tired stock horse fit for the glue factory? Or fiery Mustang Seng set to giddy-up up up?
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)....MORE
