Looking back at the February market, the three major Hong Kong stock indices rebounded sharply. The Hang Seng Technology Index surged more than 14%, and the Hang Seng Index and China Index rose 6.6% and 9.32% respectively. The first month of the Year of the Dragon had a good start.
However, the downside between the US and China is that the rebound sentiment has cooled down towards the end of the month, and the Hang Seng Index has not broken through the 10,000 mark.
Judging from the performance of individual stocks, it has benefited from multiple advantages in the market,$XD INC (02400.HK)$It surged 74% in a single month, and since it hit a record low on January 22, the stock price has nearly doubled.
According to reports, in January, the self-developed RPG (a type of role-playing game) “Let's Go Muffin” under Xindong Company was officially launched in Hong Kong, Macao and Taiwan. According to SensorTower data, the game is very popular in Hong Kong, Macao and Taiwan: “Muffin” ranked second in the iOS bestseller list in all categories in Hong Kong, Macao and Taiwan on February 1, after “Genshin” under Miha Tour; previously, from January 28 to 30, the game was number one in the Hong Kong, Macao and Taiwan iOS bestseller list for 3 consecutive days.
In addition to this, the industry continues to benefit. A total of 111 domestic games were approved in February, a slight decrease from 115 in January, but remained high. Over 100 domestic game versions were distributed for three consecutive months (December, January, and February), and more than 110 games were distributed for two consecutive months (January and February).
China Galaxy pointed out that the number of editions distributed recently has remained at a high level. This is a positive signal that the regulatory authorities continue to release to the industry: the steady increase in distribution trends in 2024 is expected to continue, which will drive the supply side of the industry to continue to improve.
The one that is growing rapidly$LI AUTO-W (02015.HK)$After announcing impressive Q4 results, the stock price hit the throttle and once soared by more than 25% in a single day, driving up as much as 67% during the month.
In the fourth quarter of 2023, Ideal Auto's net profit soared 21 times to 5.75 billion yuan, and the annual net profit reached 11.8 billion yuan, turning a loss into a profit for the first time; annual deliveries also increased by 182.2% year-on-year, with a total delivery volume of 376,000 vehicles. Meanwhile, the key indicator gross profit margin (for the full year of 2023) is currently better than Tesla's in the same period. After the results, many agencies raised their target prices for ideal cars, and the mood was beyond normal optimism.
$MONGOL MINING (00975.HK)$It rose more than 4% this month, and soared more than 60% during the month. According to news, the company sold 20% of KEX's shares to Jiayou International and signed a long-term cooperation agreement.
On the other hand, the weakest performing stocks this month are as follows: