Futu News reported on February 19 that the trend of Hong Kong stocks was weak today. As of the close, the Hang Seng Index fell 1.13%, while the HKEX Index and China Index fell 2.68% and 1.33% respectively.
By the close, Hong Kong stocks were up 733, down 1195, and closed at 1,055.
The specific industry performance is as follows:
On the sector side, TechNet stocks weakened collectively, with Bilibili, JD, and Xiaomi falling about 4%, Baidu and Kuaishou falling more than 3%, Ali, Meituan, and Tencent falling more than 2%, and NetEase followed suit.
Coal stocks were strong throughout the day. Yankuang Energy rose nearly 8%, China Shenhua rose more than 4%, and China Coal Energy rose more than 5%.
Electricity stocks strengthened. Huadian Power rose nearly 5%, Huaneng Power rose more than 2%, and China Resources Electric Power rose more than 3%.
Internet pharmaceutical stocks had the highest declines. Jingdong Health fell nearly 7%, Zhongan Online fell more than 6%, Ali Health fell nearly 3%, and Ping An Good Doctor fell more than 3%.
Property management stocks fell sharply. Wanwuyun fell nearly 9%, Ya Life Services and China Resources Vientiane Life fell more than 4%, and Country Garden Services fell nearly 6%.
Sporting goods stocks collectively weakened, with Li Ning plummeting nearly 9%, Anta Sports falling more than 3%, and Special Step falling nearly 4%.
In terms of individual stocks,$YANKUANG ENERGY (01171.HK)$With an increase of nearly 8%, institutions expect the coal price center to remain high in the future, with high profits, undervaluation, and high dividend values highlighted.
$ZIJIN MINING (02899.HK)$Non-ferrous stocks rose by more than 5%, and institutions said that gold and copper prices are expected to continue to rise.
$FLAT GLASS (06865.HK)$The decline of more than 9% led the decline in PV stocks. The growth rate of global PV demand may slow down, and the industry's inventory removal continues to advance.
$LI NING (02331.HK)$With a drop of nearly 9%, there is limited room for growth in the number of stores opened and average store efficiency, and institutions lowered their growth expectations for the next few years.
$CTG DUTY-FREE (01880.HK)$It fell by more than 10%. During the Spring Festival holiday, the amount of duty-free shopping on the outlying islands of Hainan increased by 60% over the same period last year, and the customer unit price fell 16%.
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$4.239 billion.
Agency Perspectives
CICC: The box office and attendance of the Spring Festival program reached a record high. I am optimistic about leading films participating in Maogan Entertainment, etc.
CICC released a research report saying it is optimistic about participants in leading Spring Festival movies$CHINA LIT (00772.HK)$(“Hot and Hot” produced by Shinih Media),$ALI PICTURES (01060.HK)$ (Participated in the production and publication of “Hot and Hot”),$MAOYAN ENT (01896.HK)$ (Participated in the production and publication of “Fast Speed Life 2”). According to statistics as of 9:30 on February 18, the 2024 Spring Festival program's eight-day box office was 8.183 billion yuan (same below), a record high for the Spring Festival program in previous years, exceeding the previous forecast range of 5.79 billion yuan to 7.59 billion yuan. Mainly, the number of moviegoers exceeded expectations.
GF Securities: Maintaining Alibaba's “Buy” Rating, Target Price HK$97.14
GF Securities released a research report stating that it will maintain$BABA-SW (09988.HK)$According to the “buy” rating, FY2023-2025 non-GAAP net profit is estimated to be RMB 1604/1715/188.4 billion, respectively, with a target price of HK$97.14. The company's FY24Q3 (23Q4 calendar year) revenue increased 5.1% year over year to 26.35 billion yuan, and adjusted EBITA was 52.84 billion yuan, up 1.5% year on year. In 2024, it will actively invest in the two core businesses of e-commerce and cloud computing.
Tama: Give Chow Tai ?$#@$ a “in sync with the market” rating, target price of HK$13.5
Morgan Stanley released a research report saying that according to official figures, mainland jewelry sales increased by more than 10% year-on-year during the Lunar New Year period. I believe$CHOW TAI FOOK (01929.HK)$It can benefit because the mainland China and Hong Kong markets account for 84% and 16% of the company's retail sales, respectively. The bank gave a target price of HK$13.5 and a “in sync with the market” rating. The number of mainland visitors to Hong Kong in the Lunar New Year has recovered to a level of 76% in 2019; the bank believes it will have a positive effect on jewellery retail sales in Hong Kong, particularly gold sales.
edit/ruby