Hong Kong’s Rally Isn’t Over And These 3 Stocks Prove It

Executive Summary

Hong Kong’s stock market is gaining fresh momentum, driven by renewed optimism over a potential Fed rate cut and rising mainland capital flows. With tech leading the charge, breakout setups are appearing across sectors—and this week, Pop Mart, Ping An, and Tencent are flashing strong bullish signals on the 1GT (Pro) Indicator.

Each of these stocks is available as a Singapore Depository Receipt (SDR) on SGX, offering local investors bite-sized access to Hong Kong-listed blue-chip names, all traded in SGD, with minimum investments starting from around S$200. With 13 HK SDRs now available (including newer additions like Pop Mart and CAT) this growing suite makes it easier than ever to participate in Hong Kong’s rally with trend-backed confidence.

1) Pop Mart (9992.HK); Pop Mart HK SDR 20to1 (HPPD)

Pop Mart (9992.HK), a leading player in the designer toy and collectibles space, has been trending strongly and remains one of the more technically resilient names on the Hong Kong board.

From a trend perspective, all 3 major moving averages, 20-day (green), 100-day (red), and 200-day (blue) are clearly pointing upward, indicating a strong alignment across short-, mid-, and long-term timeframes.

The bullish structure has been in place for months, with prices consistently making higher highs and higher lows.

However, note that from June to August, price has been consolidating sideways with 20d moving average flattening out.

What stands out now is the latest bullish 1GT (Pro) signal triggered recently when the price broke out of its consolidation range and cleared above the HKD 280 level (S$2.24).

This fresh signal is still actively playing out, and it came after a successful rebound from the 100-day moving average, reinforcing the strength of the overall uptrend.

Price seems to have found a new higher support at HKD 320 (S$2.56).

On the upside, the next resistance target is seen at HKD 360 (S$2.88), representing a measured move based on the breakout from prior range highs.

With strong price structure, a clean bullish breakout, and 1GT confirmation, Pop Mart remains a strong trend-following candidate.

So how does one take a position in Pop Mart from the HK SDR traded on the SGX?

Well, you can take a position in this SDR, which is named Pop Mart HK SDR 20to1 (HPPD), currently priced at around S$2.53 at the time of writing.

Conservative traders can look to accumulate near HKD 280 (S$2.24) on any pullbacks, while more aggressive traders may ride the current strength toward HKD 360 (S$2.88), with a stop-loss placed just below HKD 280 (S$2.24) to manage risk.

With mainland flows still strong and technical conditions lining up, this stock continues to show promising momentum.

The SDR ratio is 20 SDR to 1 underlying share.

The conversion from HKD to SGD is done by multiplying by the exchange rate (0.16).

2) Ping An Insurance (2318.HK); Ping An Ins HK SDR 2to1 (HPAD)

Ping An Insurance (2318.HK), one of China’s largest financial services groups, is making a strong comeback with improving price structure and renewed institutional interest.

After a long period of sideways consolidation, price has broken out above the HKD 52.00 (S$4.16) resistance level, which had capped multiple attempts over the past year. 

The 20-day moving average (green line) has resumed a steep upward slope. 

The 100-day (red) and 200-day (blue) moving averages are still gently sloping upwards, confirming uptrend still remains intact.

This confluence of 3 consecutive 1GT Bullish Signals suggests renewed upside momentum with strong trend alignment.

Price has been testing the HKD 58.00 (S$4.64) immediate resistance level for the past weeks, unable to firmly break above it.

If price is able to break and hold firmly above it, the breakout still has room to run especially if the bullish momentum continues.

With the next potential upside target at HKD 64.00 (S$5.12), it offers over 10% potential upside from current levels. 

So how does one take a position in Ping An Insurance from the HK SDR traded on the SGX?

You can do this via Ping An Ins HK SDR 2to1 (HPAD), currently priced at approximately S$4.67.

A conservative strategy would be to accumulate on a pullback near the support around S$4.16.

Alternatively, aggressive traders may ride the current momentum toward S$5.12, using a stop-loss below the HKD 52.00 (S$4.16) level to manage risk.

The SDR ratio is 2 SDR to 1 underlying share.

The conversion from HKD to SGD is done by multiplying by the exchange rate (0.16).

3) Tencent Holdings Ltd (700.HK); Tencent HK SDR 10to1 (HTCD)

Tencent (700.HK), one of China’s tech powerhouses, known for its dominance in social media, gaming, cloud computing, and digital payments.

The stock has finally cleared a key multi-month resistance zone and is setting up for a potential continuation move.

After months of sideways consolidation between HKD 480 (S$7.68) and HKD 540 (S$8.64), the stock has convincingly broken out of this range, pushing higher.

This breakout upwards is further supported by a 1GT Bullish Signal in late July.

We now see all three moving averages turning upward with good separation, a classic signal that trend-followers look for.

Price looks to be currently testing the HKD 600 (S$9.60) psychological level, with selling pressure present.

If price can breach and hold firmly above this level, the next upside level to watch is HKD 660 (S$10.56).

So how does one take a position in Tencent Holding from the HK SDR traded on the SGX?

This can be done via the Tencent HK SDR 10to1 (HTCD), currently trading around S$9.97.

Traders looking to position themselves can do so on strength above HKD 600 (S$10.20) or wait for a potential retest of the breakout level.

Potential upside target remains at HKD 660 (S$10.56) with strong trend support beneath.

With a bullish 1GT signal already triggered and price structure aligning across all moving averages, Tencent is showing a textbook breakout continuation setup.

The SDR reflects the underlying HK share price on a 10:1 ratio and is quoted directly in SGD, by multiplying the exchange rate (0.16).

 About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

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