Futu News reported on January 4 that the three major indices of Hong Kong stocks rallied in the afternoon, the Hang Seng Index closed flat, the Science Index rose 0.23%, and the National Index rose 0.36%.
By the close, Hong Kong stocks had risen 776, down 1102, and closed at 1,098.
The specific industry performance is shown below:
On the sector side, TechNet stocks generally rose, Bilibili and Baidu rose nearly 2%, Alibaba rose more than 1%, NetEase, Xiaomi, and JD rose about 1%, Kuaishou fell nearly 2%, and Tencent and Meituan fell about 1%.
Domestic housing stocks and property management stocks had mixed ups and downs. Sunac China fell nearly 5%, Vanke Enterprise and Longhu Group fell more than 1%, China Resources Land rose nearly 3%, and China's Jinmao rose more than 1%.
Pharmaceutical stock trends diverged. Jinxin Fertility fell nearly 5%, Connoya fell more than 2%, Pharmaceutical Biotech fell nearly 1%, BeiGene Shenzhou rose more than 2%, and Kangfang Biotech rose more than 1%.
Shipping stocks were active, with Haifeng International up more than 5%, COSCO Maritime Holdings up more than 4%, and Orient Overseas International up more than 3%.
Coal stocks continued to rise. Yankuang Energy rose more than 2%, China Shenhua rose nearly 2%, and China Coal Energy rose more than 1%.
Petroleum stocks partially rose, while CNOOC and CNPC shares rose nearly 3%.
On the other side, dealers' profit pressure is still strong. Auto dealer stocks have declined significantly, and most airline stocks, internet medical stocks, semiconductor stocks, gold stocks, and lithium battery stocks have performed poorly.
In terms of individual stocks,$COSCO SHIP HOLD (01919.HK)$With an increase of more than 4%, tension in the Red Sea continues, and shipping prices continue to rise.
$CNOOC (00883.HK)$With an increase of nearly 3%, the OPEC statement reaffirmed its commitment to maintaining the stability of the oil market.
$PICC P&C (02328.HK)$With an increase of more than 3%, the overall premium growth rate of the financial insurance industry has picked up. Institutions say there is a high degree of certainty about improving its performance this year.
$EAST BUY (01797.HK)$With an increase of nearly 5%, Daiwa expects the Group's revenue for the first half of the fiscal year to increase 29% year over year.
$SAMSONITE (01910.HK)$With a decline of more than 4%, UBS expects revenue and EBITDA growth to normalize this year.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, today's net inflow of Hong Kong Stock Connect (southbound) was HK$2.151 billion.
Institutional views
Goldman Sachs: First “buy” rating for the ideal car, with a target price of $52.9
Goldman Sachs published a report saying,$LI AUTO-W (02015.HK)$It is about to accelerate the pace of product launch and become a mature investment opportunity. It will first give Ideal Auto a “buy” rating for the US stock. The target price is 52.9 US dollars, which means that the stock may have the potential to rise by nearly 50% within the next 12 months. Ideal Auto's monthly deliveries have soared to a record high, and a new all-electric model is ready to launch within a few months.
Citibank: Samsonite's recent weak stock price has caused the market to overreact, maintain a “buy” rating, and the valuation is attractive
Citi published a report saying,$SAMSONITE (01910.HK)$Participating in the 2024 consumer stock discussion day held by the bank, the company's management stated that it is always expected to achieve the full fiscal year 2023 guideline. Based on a fixed exchange rate, revenue is higher than 2019 and gross margin of about 59%. Looking forward to 2024, Samsonite management expects revenue to grow by a high single digit to 10% from year to year.
Damo: Giving Tencent a target price of HK$430, maintaining the “Overweight” rating
Morgan Stanley published a report, believing$TENCENT (00700.HK)$The stock price will rise within the next 60 days, with a chance rate of about 70% to 80%. Mainly, valuations are more attractive in the short term. I believe the market is overreacting to the new online game regulations. The bank said that recent catalysts include softening regulatory enforcement, strong performance of Yuanmeng Star and the release of key games, and changes in MOBA revenue.
Edit/Chris