Hong Kong stocks may have further upside potential.

Analysts from DBS Bank stated in their research report that the Hong Kong stock market may still have room for upward movement. DBS has raised its 12-month target for the Hang Seng Index from 26,000 points to 28,000 points. In a bull market scenario, the Hang Seng Index is expected to reach 30,500 points, but this would require clearer signs of stabilization in the fundamentals, more powerful stimulus policies, or looser liquidity conditions. The analysts pointed out that in the current market driven by global liquidity, the valuation of the Hang Seng Index is becoming more attractive compared to other markets.