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.
Hong Kong stocks recorded declines for the third consecutive week. The Hang Seng Index fell 5.76% during the week and broke the 16,000 point mark. The Hang Seng Technology Index fell 9.82%, and the state-owned enterprises index fell 6.47% during the same period.
Hong Kong stocks had a bad start, but HSBC Global Research is optimistic about their future performance. Analysts believe that the outlook for Chinese stocks in the first half of the year is still challenging. Due to downward pressure on profits, investor expectations have become lower. Coupled with negative news that seems to have been fully reflected and supported by factors such as valuations close to the bottom, the offshore Chinese stock market is expected to improve in the second half of the year.
In addition, companies are actively buying back shares and the Federal Reserve's shift to cutting interest rates will help narrow the interest gap between China and the US. The gradual improvement of China's macroeconomic economy and the continued strengthening of the RMB, in line with the central government's more active fiscal policy approach, are all reasons why the bank maintains a positive view of the offshore Chinese stock market.
Although the overall trend of Hong Kong stocks was poor this week, there are still quite a few individual stocks that have performed well, and some of them have reached record highs.
Specifically, the number one ranking in the Hong Kong stock market this week$FENBI (02469.HK)$The cumulative increase was over 14%.
According to the news, Chalk recently announced that the Chairman of the Board of Directors, Executive Director, CEO and one of the controlling shareholders, Bruce Cheung, acquired 451,500 shares of the company on the Stock Exchange, with a total price of about HK$1,854 million, which is equivalent to an average price of HK$4 and HK$4.12 per share. The company believes that this increase in shareholding shows that Mr. Zhang has full confidence in the company's overall development prospects and growth potential.
Guotai Junan pointed out that as a leader in online recruitment and training, the company is deeply involved in online operation transformation, the boutique small class model is running, operating efficiency and profit improvement, and OMO can be expected to grow collaboratively.
Stay strong!$ZX INC (09890.HK)$The stock rose by about 13% this week, and the stock price reached a record high. The stock has achieved four consecutive weekly highs.
Cinda Securities pointed out that Zhongxu Future has previously accumulated a large amount of end user data, thus laying the foundation for the consumer goods business. In addition, the company has a diversified product layout with game distribution as its core. Since its establishment, it has marketed and operated more than 310 game products.
Agencies expect double-digit growth in Q4 sales, luxury group$PRADA (01913.HK)$This week's gains were strong, with a cumulative increase of about 11%.
According to the news, CMB International expects Prada's sales to grow organically by 12% this quarter, reaching 1.3 billion euros, mainly due to the retail sales base advantage. The Group's net profit is estimated to increase by 16% in the second half of the year. At the same time, the bank is still optimistic about Prada and Miu Miu's room to increase their market share in the future.
Also, the one that performed well last week$FLAT GLASS (06865.HK)$,$CGN MINING (01164.HK)$This week's gains continued, with increases of 3.52% and 2.11% respectively.
On the other hand, the weakest performing stocks this week are as follows:
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