Editor's note:“This Week's Bullish Stocks in Hong Kong and the US”The column closely follows market trends every week, takes stock of the weekly performance of the Hong Kong and US stock markets, helps newcomers sort out the current week's hot sectors, strong individual stocks, and major news, and find profitable investment topics.
At the beginning of 2024, there was no expected rebound in the Hong Kong stock market. By Friday's close, the Hang Seng Index had a cumulative decline of 1.76%, the Hang Seng Index had a cumulative decline of 3.39%, and the China Index had a cumulative decline of 2.23%.
Despite a failure at the start, the beginning of the year was a peak of repurchases for Hong Kong stocks, which also made the bottom characteristics of Hong Kong stocks even more obvious. According to Wind data, as of 18 o'clock on January 11, Hong Kong stocks have experienced a total of 8 trading days this year, but the repurchase amount has already exceeded HK$10 billion.
Analysts at Guotai Junan said that confidence in the current profit prospects of the Hong Kong stock market is weak, and they look forward to more policy support. In the process of recovering confidence, the market became more sensitive to overseas risk events, and as a result, Hong Kong stocks were suppressed and at the bottom of history. Looking ahead, Hong Kong stocks are likely to fluctuate upward from the bottom, and the dividend style is dominant. At the same time, there is limited room for further decline in Hong Kong stocks from the bottom.
Specifically, in terms of individual stocks, the number one gainer in this week's list is PV stocks$FLAT GLASS (06865.HK)$The stock rose for 5 consecutive trading days this week, with a weekly increase of more than 17%.
Recently, PV stocks have continued to strengthen. The agency pointed out that the cost of upstream raw materials has dropped sharply, boosting terminal demand and driving PV installations to exceed expectations. It is estimated that in 23/24, China's new PV installed capacity will reach 180/210 GW, an increase of 17% in 24, and the trend of demand growth will not change. The current valuation of the photovoltaic sector is in the bottom range of nearly ten years.
$XTEP INT'L (01368.HK)$The decline stopped and rebounded this week, with a cumulative increase of more than 15%. In 2023, the stock price of TEP International came close to falling.
According to the news, TEP International announced that in the fourth quarter of 2023, retail sales of the main TTEP brand (including online and offline channels) recorded a year-on-year increase of more than 30%; the retail discount level was about 30% off. As of December 31, 2023, retail sales recorded a year-on-year increase of more than 20%; the channel inventory cycle was referred for four to four and a half months.
Guotai Junan said that the main brand turnover in 2023Q4 is in line with expectations and inventory is healthy, and 2024 will be lightweight; it is optimistic that Saucone will continue to grow rapidly; it is expected that Palatin's business in China will reverse losses in 2024.
The one that suddenly doubled in 2023$CGN MINING (01164.HK)$The rise in the beginning of the year was still strong. This week, the stock recorded a cumulative increase of more than 14%, and recorded gains for 4 consecutive days.
Shanghai Securities indicated that uranium prices continued to be high. Numerco data this week showed that the spot price of uranium remained high at 92 US dollars/pound, reflecting the high level of prosperity in the market. The main reason for the rise in uranium prices is that global nuclear power utility companies are scrambling to sign long-term uranium contracts, which has boosted the price of uranium. The agency believes that the ten-year uranium inventory removal period may have ended, uranium prices are expected to continue to rise, and is concerned about the CGN mining industry.
On the other hand, the weakest performing stocks this week are as follows:
Editor/phoebe