Futu News reported on October 9 that the three major Hong Kong stock indices closed slightly higher. The Hang Seng Index closed up 0.18%, the Codex rose 0.24%, and the National Index rose 0.40%.
By the close, Hong Kong stocks had risen 930, fell 761, and closed 1,276.
The specific industry performance is as follows:
In terms of the sector, the majority of Science and Technology Network stocks have risen.NetEase rose more than 2%, Baidu and Kuaishou rose nearly 1%, Meituan, Tencent, and Jingdong rose slightly, Alibaba fell nearly 1%, and Bilibili fell slightly.
Auto stocks are generally declining.Xiaopeng fell more than 3%, Zero Run fell nearly 3%, NIO fell more than 1%, Ideal and Great Wall fell nearly 1%, and Geely and BYD rose slightly.
Domestic housing stocks and property management stocks fluctuated downward.China Evergrande fell nearly 13%, Sunac China fell nearly 8%, Country Garden fell nearly 7%, Longhu Group and Vanke Enterprises fell more than 2%, Country Garden Services and China Resources Land fell more than 1%, and China's overseas development fell nearly 1%.
The strengthening of oil stocks,CNPC and CNOOC rose more than 2%, while Sinopec rose more than 1%.
Coal stocks are rising one after another,Yankuang Energy rose more than 6%, China Coal Energy rose more than 4%, Yankai Australia rose more than 3%, and China Shenhua rose more than 2%.
Gold stocks registered the highest gains,Zhaojin mining rose nearly 5%, Zijin mining rose nearly 4%, and Shandong gold rose more than 3%.
On the other hand, Apple concept stocks, sporting goods stocks, heavy machinery stocks, biotechnology stocks, semiconductor stocks, catering stocks, etc. rose one after another; the National Day box office fell short of expectations, and movie concept stocks fell significantly; after the long holidays, domestic ticket prices fell, and aviation stocks generally fell.
In terms of individual stocks,$INNOVENT BIO (01801.HK)$There was an increase of nearly 5%, and the phase III clinical study of the ophthalmic drug IBI302 completed administration of the first patient.
$MNSO (09896.HK)$It has risen by more than 2%, and the first blind box store in the UK recently officially opened in London.
$BYD ELECTRONIC (00285.HK)$A further increase of nearly 4% hit a new high during the year. The agency said this year's profit is expected to increase 88% compared to last year, reaching the second-highest annual profit position in history.
$HAITONG INT'L (00665.HK)$The sharp rise of more than 97% led the rise in brokerage stocks, and was privatized by Haitong Securities at a premium of 114%.
$EVERG VEHICLE (00708.HK)$The resumption of trading fell nearly 9%, and Newton Group suspended capital injections.
$MAOYAN ENT (01896.HK)$The decline of nearly 7% led the decline in film and television stocks, and the National Day box office fell short of expectations.
$CTG DUTY-FREE (01880.HK)$After the results, it fell nearly 5%, Q3 net profit increased 93% year on year, and the average daily duty-free sales volume in Hainan during the National Day fell below May 1st.
Today's Top 20 Hong Kong Stock Turnovers
Hong Kong Stock Connect Capital
In terms of Hong Kong Stock Connect, Hong Kong Stock Connect (Southbound) today had a net inflow of HK$2,043 billion.
Agency Perspectives
JBOB International: Maintains Xinao Energy's “neutral” rating and lowers target price to HK$72.1
BOCOM International released a research report saying that maintenance$ENN ENERGY (02688.HK)$The “neutral” rating lowered the company's 23-25 core profit forecast by 13%/17%/19% to reflect adjustments in the gas sales structure. The target price was lowered to HK$72.1 (previously HK$115.1). The bank believes that the sales volume this time, which was significantly lower than expected, had a big impact on investor confidence. Until the growth trend of gas sales becomes clear and there is better progress on commercial gas prices, there is still pressure to repair valuations.
Haitong International: Maintains Maoyan Entertainment's “better than the market” rating, with a target price of HK$18.28
Haitong International released a research report saying that it maintains$MAOYAN ENT (01896.HK)$“Better than the market” rating. Overall net profit for 2023-2025 is estimated to be $770 million, $1.06 billion and $1.28 billion, with a target price of HK$1,828.
Guosheng Securities: First to give Nine Dragons Paper a “buy” rating. The outlook for raw material layout is expected to consolidate bottom profits
Guosheng Securities released a research report saying that it was the first to pay$ND PAPER (02689.HK)$According to the “buy” rating, net profit for FY2024-2026 is estimated to be 2,741 billion yuan/3,867 billion yuan/4.256 billion yuan, respectively. Currently, the company's profits and valuations are at historic lows. Short-term demand improvements drive product prices and high energy costs fall back. Profit recovery can be expected; production capacity is steadily expanding and the category structure continues to be rich. Furthermore, the outlook for raw material base layout is expected to consolidate underlying profits.
editor/tolk