港市速睇 | 恒指涨近2%,科指升近3%;保险、地产等板块全日强势,中国平安大涨超6%

A quick overview of the Hong Kong market | The Hang Seng Index rose nearly 2%, and the Science Index rose nearly 3%; insurance, real estate and other sectors were strong throughout the day, and Ping An of China rose more than 6%

Futu News ·  Feb 21 16:21

Futu News reported on February 21 that the three major indices of Hong Kong stocks collectively surged. By the close, the Hang Seng Index had risen 1.57%, while the Science Index and China Index had risen 2.66% and 2.24% respectively.

By the close, Hong Kong stocks were up 1,413, down 659, and leveled off by 911.

The specific industry performance is as follows:

On the sector side, TechNet stocks were strong. Meituan rose nearly 5%, Bilibili and Kuaishou rose more than 3%, Xiaomi and Jingdong rose more than 2%, Baidu, Ali, and Tencent rose more than 1%, and NetEase followed suit.

The increase in auto stocks declined. Ideal Auto and Great Wall Motor rose more than 4%, while Xiaopeng Auto and BYD shares rose about 2%.

The semiconductor sector strengthened, with SMIC up nearly 5%, Shanghai Fudan up nearly 4%, and Huahong Semiconductor up more than 2%.

Insurance stocks were strong throughout the day. Ping An of China rose more than 6%, China Life Insurance rose nearly 5%, and AIA Insurance rose more than 2%.

Pharmaceutical stocks continued to rise. Yao Ming Union rose nearly 12%, Genting Xinyao rose more than 10%, Pharmaceutical Kangde rose nearly 5%, and Pharmaceutical Biotech rose more than 5%.

Real estate and property management stocks joined forces to rise. Longhu Group rose more than 9%, China Resources Land rose nearly 5%, CNOOC Properties rose more than 8%, and Country Garden Services rose more than 2%.

In terms of individual stocks,$MEITUAN-W (03690.HK)$The increase was nearly 5%, with a cumulative increase of more than 23% during the month. Agencies say the Spring Festival consumption boom is expected to support the company's performance.

$PING AN (02318.HK)$It surged more than 6%, and it is reported that 2 billion dollars were spent on the capital logistics portfolio.

$SMIC (00981.HK)$With an increase of nearly 5%, the agency believes that the wafer foundry industry is expected to pick up quarterly in 24 years, and the leading early pullback is already fully cost-effective.

$ZX INC (09890.HK)$With an increase of more than 9%, the company will be included in the Hong Kong Stock Connect next month. Institutions say incremental business may have exceeded expectations.

$ZHAOJIN MINING (01818.HK)$A rise of nearly 5% led to a rise in gold stocks. Institutions said that the fall in US dollars and US bonds supported the price of gold, and gold futures hit a new high of more than a week.

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$1,083 billion.

Agency Perspectives

  • CITIC Securities: Maintaining Haidilao's “Buy” Rating, Target Price HK$19

CITIC Securities released a research report saying that it maintains$HAIDILAO (06862.HK)$“Buy” rating, target price HK$19. The company's passenger flow recovery has been outstanding, and the sustainability of operating efficiency has been verified. It is recommended to continue to pay attention to changes in the pace of opening stores. In terms of shareholder returns, the company's dividend payment rate in 2022 is 41.8%. If the dividend payment rate remains flat in 2023, the corresponding dividend rate will not be less than 2.6% under the current market value; if the 2023 dividend payment rate rises to 50%, then the corresponding dividend rate under the current market value will not be less than 3.1%.

  • Goldman Sachs: Lowering Li Ning's Rating to “Neutral”, Target Price Reduced to HK$22

Goldman Sachs released a research report saying it will$LI NING (02331.HK)$The investment rating was downgraded from “buy” to “neutral”, and the target price was lowered from HK$33 to HK$22. The stock price has accumulated a cumulative increase of about 30% since bottoming out in January. However, due to increased marketing expenses and operational deleveraging, this year's profit margin may face potential risks.

  • Citigroup: Giving Chuangtech Industrial a “buy” rating, and the target price was reduced to HK$113

According to a research report released by Citi,$TECHTRONIC IND (00669.HK)$A “buy” rating while still putting it on the top list of Chinese industrial stocks. However, the profit forecast for the 2024-2025 fiscal year was lowered by about 2%, and the target price was lowered from HK$118 to HK$113, assuming a turnover increase of about 7% for the 2024 fiscal year, compared to the previous forecast of 9%.


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