Editor's note:“This Week's Bullish Stocks in Hong Kong and the US”The section closely follows market trends every week, takes stock of the weekly performance of the Hong Kong and US stock markets, helps bulls sort through the week's hot sectors, strong individual stocks, and major news, and find profitable investment topics.
This week, Hong Kong stocks pulled back again. As of Friday's close, the Hang Seng Index had a cumulative decline of 1.42% during the week, the index had a cumulative decline of 2.94% during the same period, and the China Index had a cumulative decline of 1.26% during the same period.
Although the overall trend of Hong Kong stocks was weak this week, there are still some individual stocks that have performed well.
Judging from the performance of individual stocks this week, thanks to international gold prices reaching record highs,$ZIJIN MINING (02899.HK)$,$SD GOLD (01787.HK)$The average weekly increase was about 14%.
Recently, gold has risen like a rainbow, supported by expectations that the Federal Reserve will cut interest rates during the year. Spot gold once surpassed 2,165 US dollars/ounce this week, a record high. Although the price of gold reached a record high, market observers pointed out that the actual price of gold, adjusted for inflation, is still far below the peak in the past. Currently, Wall Street analysts generally expect that the strength of gold prices will continue until at least the second half of this year.
PV stocks are getting a stir again.$XINYI SOLAR (00968.HK)$It rose more than 50% on the 7th,$FLAT GLASS (06865.HK)$It rose nearly 40% on the 7th. The agency said that the gross margin of photovoltaic glass is expected to break out of the trough.
Bank of China International believes that photovoltaic glass stocks finally declined last week after 21 consecutive weeks of growth. The bank believes that it will take several weeks to go to the warehouse because the cold repair production capacity in January was high, and module production schedules resumed after the holiday season. In addition, photovoltaic glass may rise for the first time in more than half a year in April. Furthermore, the price of soda ash may continue to decline in the next few weeks, causing the gross margin of photovoltaic glass to break out of the trough of the first quarter.
$MEITU (01357.HK)$Weekly gains of nearly 19%. Bitcoin once broke through the historical high of $69,000, and the company made a high-profile move.
According to previous announcements, Meitu purchased 15,000 units of Ethereum and 379.1214267 units of Bitcoin in an open market transaction on March 5, 2021. As of June 2023, the company held 940.497 bitcoins and 31,000 ethers. The total cost of holding the two coins accounted for about 10% of the total assets.
The increase is amazing! “The first humanoid robot”$UBTECH ROBOTICS (09880.HK)$It soared 88% in a single day, with a cumulative increase of more than 77% during the week, and the stock price nearly doubled since listing.
According to some analysts, there are at least three reasons behind the surge in Preferred Choice: first, Yubi was included in the Hong Kong Stock Exchange Standard, which attracted new liquidity entry; second, the work report of the two sessions proposed speeding up the development of new quality productivity. Preferential Walkerx was the first robot to work in two sessions; third, in a video recently released by YoubiXuan, Walker S has already entered the car factory to show actions such as car body quality inspection image collection, 3D object positioning, seat belt monitoring, and car labeling, etc., which are expected to be tested with many car companies.
On the other hand, the weakest performing stocks this week are as follows:
editor/tolk