(Jan 27): As the Year of the Rooster dawns, casino shares may be your best bet in Hong Kong — if you believe feng shui masters have more vision than analysts. As the water force gives way to fire mid-year, the focus shifts to retail and health-care equities, CLSA’s feng shui masters say, while resource stocks, property shares and renewable energy companies come into their own in the third quarter as the baton is passed to earth. The last time the rooster came around, in 2005, the Hang Seng gained 4.5% in what was then the tiniest advance on record. Investors hoping for a calm return after a week of feasting and fireworks probably shouldn’t count their chickens, though. The rooster will spend February “running around like a chicken with its head cut off” according to CLSA’s masters, and all for, ahem, “poultry returns.”Gong Xi Fa Cai!

Source: The Edge Markets January 27, 2017 04:01 UTC