港市速睇 | 港股全天疲软,科指跌近3%,煤炭、电力股等逆市上涨,兖矿能源大涨近8%

Overview of the Hong Kong market | Hong Kong stocks were weak throughout the day, the technical index fell nearly 3%, coal and electricity stocks rose against the market, and Yankuang Energy surged nearly 8%

Futu News ·  Feb 19 16:21

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.


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