Futu News reported on March 18 that the three major indices of Hong Kong stocks rose sharply. By the close, the Hang Seng Index had risen 0.10%, the Science Index had risen 1.25%, and the National Index had risen 0.48%.
By the close, Hong Kong stocks were up 1,052, down 903, and closed at 1,031.
The specific industry performance is as follows:
On the sector side, TechNet stocks rose sharply, with Kuaishou up more than 4%, Xiaomi, JD, and Tencent by more than 2%, Bilibili and Meituan by more than 1%, Baidu by nearly 1%, and Ali rising slightly.
Auto stocks are mostly higher, with Xiaopeng up more than 7%, NIO up nearly 5%, BYD up more than 3%, Zeropar up more than 2%, Geely up more than 1%, and Great Wall up nearly 1%.
Domestic housing stocks and property management stocks fell collectively. Longhu Group and Sunac China fell more than 4%, Country Garden and Vanke companies fell more than 3%, and Sunac Services and Country Garden Services fell more than 1%.
Chinese brokerage stocks performed brilliantly. China Financial Corporation rose nearly 5%, China Galaxy rose more than 3%, and CITIC Securities, China Merchants Securities, and CITIC Construction Investment Securities rose more than 2%.
Apple concept stocks rallied in the afternoon. Gao Wei Electronics rose more than 7%, Ruisheng Technology rose more than 4%, and Shunyu Optical Technology and BYD Electronics rose more than 3%.
On the other side, auto dealer stocks, Tesla concept stocks, and lithium battery stocks rose sharply; most film and television entertainment stocks, military stocks, and mobile game stocks rose; coal stocks generally declined; and gold stocks, which continued to rise, pulled back.
In terms of individual stocks,$XPENG-W (09868.HK)$With a rise of more than 7%, a new brand will soon be launched, and the smart driving model will officially be “launched” in the second quarter.
$CICC (03908.HK)$With an increase of nearly 5%, institutions indicated that supply-side reforms in the securities industry are gradually progressing, and leading compliant and professional brokerage firms have benefited even more.
$CHINA RES BEER (00291.HK)$It rose by more than 4%. Net profit increased 18.62% year on year last year, and a total of 0.649 yuan was paid at the final interest rate plus the special interest rate.
$WUXI APPTEC (02359.HK)$It has risen by more than 4%. Institutions say the geopolitical game has yet to be implemented. Since February, it has repurchased more than 1 billion yuan of A-shares.
$SCICLONE PHARMA (06600.HK)$It surged by more than 14%. Since February, it has risen by about 40%, and sales of Ridaxian have continued to rise.
$MEITU (01357.HK)$It surged more than 14%, and AI driven a high increase in performance. The company's net profit increased more than 2 times over the same period last year.
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$2,931 billion.
Agency Perspectives
Bank of America Securities: Reiterates AIA's “Buy” Rating and Lowers Target Price to HK$92.2
Bank of America Securities released a research report, stating that$AIA (01299.HK)$According to the “buy” rating, the value of the new business is expected to increase by 12% year on year this year, mainly driven by mainland visitors to Hong Kong and the ASEAN market. The target price was lowered from HK$98.4 to HK$92.2 in response to the adoption of the new IFRS 17 accounting standard. The company's net profit for fiscal year 2023 was US$3.8 billion, up 13% from the low base for fiscal year 2022.
Changjiang Securities: Maintaining Baidu Group-SW's “buy” rating, AI technology iteration is expected to open up room for growth
Changjiang Securities released a research report saying that it will maintain$BIDU-SW (09888.HK)$According to the “buy” rating, the company is expected to achieve revenue of 1462.02/1568.63/166.768 billion yuan in 2024-2026; net profit to mother of 230.9/260.43/29.011 billion yuan.
UBS: Maintaining Fuyao Glass's “Buy” Rating, Target Price Raised to HK$57
UBS released a research report saying that it maintains$FUYAO GLASS (03606.HK)$The “Buy” rating raised the 2024-2028 profit forecast by 1% to 5% based on last year's results, and raised the target price from HK$55 to HK$57. The company's strong quarterly results, and falling costs and rising average sales prices may drive continued growth in profitability.
editor/tolk