Futu News reported on December 14 that gains in the three major Hong Kong stock indices narrowed in the afternoon. The Hang Seng Index closed up 1.07%, the Science Index rose 0.34%, and the National Index rose 0.41%.
By the close, Hong Kong stocks had risen by 1107 shares, down 720 shares, and closed at 1,146 shares.
The specific industry performance is as follows:
In terms of the sector, Internet technology stocks had mixed ups and downs. Xiaomi rose nearly 3%, JD rose nearly 1%, Bilibili fell more than 4%, NetEase fell more than 3%, Baidu fell more than 2%, and Meituan and Kuaishou fell nearly 1%.
Auto stocks rose one after another. NIO rose more than 2%, Ideal Auto, Zero Sports, and Geely Auto rose more than 1%, and Great Wall Motor and BYD shares rose nearly 1%.
Housing stocks and property management stocks generally rose. Sunac China rose nearly 4%, Ocean Group and Greentown China rose more than 2%, China Resources Land rose nearly 2%, and Xuhui Holding Group fell more than 3%.
Pharmaceutical stocks were active. Zaiding Pharmaceutical rose more than 5%, Kangfang Biotech rose more than 4%, Pharmaceutical Biotech and Connoah rose about 3%, and Kingsrui Biotech rose nearly 3%.
Apple's concept stock rose strongly. Ruisheng Technology rose more than 6%, Gaowei Electronics rose nearly 5%, Sunyu Optics rose more than 4%, and BYD Electronics rose more than 3%.
Other aspects, the Federal Reserve released dovish information in excess of expectations, and gold prices rebounded sharply, and gold stocks performed actively; lithium battery stocks, pork concept stocks, sporting goods stocks, heavy machinery stocks, biotechnology stocks, etc. rose one after another.
In terms of individual stocks,$EAST BUY (01797.HK)$With an increase of more than 2%, Yu Minhong denied choosing between CEO and Dong Yuhui.
$WUXI BIO (02269.HK)$The increase was more than 3%, innovative drugs were introduced into health insurance at an accelerated pace, and global biomedical investment and financing data recovered slightly.
$LENOVO GROUP (00992.HK)$With an increase of more than 3% and a cumulative increase of 70% during the year, AI PCs may drive performance growth next year.
$Link Real Estate Investment Trust (00823.HK)$With an increase of nearly 5%, Fitch confirmed the “A” long-term issuer rating and looked forward to “stability.”
$AAC TECH (02018.HK)$With an increase of more than 6%, the trend of Apple concept stocks is improving. Overnight, Apple's stock price reached a record high
$TECHTRONIC IND (00669.HK)$With an increase of nearly 10%, revenue is expected to achieve mid-single digit growth in the second half of the year, and inventories continue to improve.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
In terms of Hong Kong Stock Connect, there was a net outflow of HK$9.698 billion from Hong Kong Stock Connect (southbound) today.
Agency Perspectives
Bank of America Securities: Upgraded Shunyu Optical Technology to a “neutral” rating, and raised the target price to HK$74
Bank of America Securities released a research report saying that it will$SUNNY OPTICAL (02382.HK)$The rating was upgraded from “outperforming the market” to “neutral”, and the target price was raised from HK$55 to HK$74. I believe demand is stabilizing and average selling prices have improved. The bank raised the company's profit forecast for 2023-2025 by 1% to 5%, reflecting improved demand and average sales prices, and the potential for increased market share.
Goldman Sachs: Giving the Hong Kong Stock Exchange a “buy” rating, and the target price dropped to HK$351
Goldman Sachs released a research report saying that the trading spread of shares in Hong Kong is higher than in other comparable markets around the world. The authorities' review of narrowing the trading spread will help reduce transaction costs and will be a catalyst for boosting trading volume next year. The bank will be moderately lowered$HKEX (00388.HK)$The profit per share for 2023-26 was 1% to 3%. The target price was reduced from HK$361 to HK$351, and the rating was “buy”.
Guotai Junan: Maintaining Li Ning's “increased holdings” rating, optimistic about steady growth in performance over the long term
Guotai Junan released a research report saying, maintain$LI NING (02331.HK)$According to the “increase in holdings” rating, the net profit forecast for 2023-2025 is 37.9/44.7/5.37 billion yuan. The company is a leader in sports footwear and apparel in China. Brand barriers are deep. Short-term business fluctuations will not change the long-term positive trend. I am optimistic that the company will continue to seize market share after normalization of operations returns to normal.
Edit/Chris