Futu News reported on March 20 that the three major indices of Hong Kong stocks rose collectively. By the close, the Hang Seng Index had risen 0.08%, the Science Index had risen 0.65%, and the National Index had risen 0.41%.
By the close, Hong Kong stocks were up 976, down 880, and closed at 1,133.
The specific industry performance is as follows:
In terms of sectors, TechNet shares generally rose, with Bilibili rising nearly 3%, NetEase and Tencent rising more than 1%, and Kuaishou, Baidu, Ali, and JD rising slightly.
Auto stock trends diverged. Ideal rose more than 4%, Xiaopeng rose nearly 2%, BYD rose slightly, NIO fell more than 5%, Zeruo fell nearly 2%, and Great Wall and Geely fell slightly.
Domestic housing stocks and property management stocks rose in part. Longhu Group and Baolong Real Estate rose nearly 2%, Country Garden Services and China Overseas Development rose about 1%, and China Resources Land and Vanke companies rose slightly.
Sporting goods stocks strengthened collectively. Li Ning rose nearly 6%, Taobo rose nearly 3%, and Tep International and Anta Sports rose nearly 2%.
Shipping stocks improved. Dongfang Overseas International and COSCO Marine Energy rose about 3%, Sinotrans and COSCO Maritime Control rose about 1%, and Pacific Shipping rose slightly.
On the other side, the film and television entertainment sector led the way throughout the day; oil stocks continued to rise; electricity stocks and catering stocks generally declined; heavy machinery stocks, coal stocks, and domestic insurance stocks were mostly underperforming.
In terms of individual stocks,$LI NING (02331.HK)$It rose nearly 6%, and revenue in 2023 was 27.598 billion yuan, up 6.96% year on year.
$TME-SW (01698.HK)$It surged 11%, and equity holders should account for profit of 4.92 billion yuan in 2023, an increase of 33.8% over the previous year.
$LI AUTO-W (02015.HK)$With a rise of more than 4%, MEGA had a bad start. UBS previously said it still has measures to remedy it.
$ANGELALIGN (06699.HK)$It surged more than 15%, annual revenue increased 16.24% year on year, and international business developed rapidly.
$ZTO EXPRESS-W (02057.HK)$It rose nearly 7%, and net profit in 2023 was 8.755 billion yuan, up 31.5% year on 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$6.396 billion.
Agency Perspectives
Komo: Maintaining AIA's “Overweight” rating, the risk return is attractive
Komo released a research report saying, reaffirming$AIA (01299.HK)$Fundamental advantages, including cash flow, mainland China, and India. The bank believes that risk-return is attractive and maintains an “gain” rating.
Bank of America Securities: Reiterates Tencent Music-SW “Buy” Rating and Raises Target Price to HK$48
Bank of America Securities released a research report, stating that$TME-SW (01698.HK)$The “Buy” rating, based on optimism about the music business and profit margin prospects, raised the profit forecast for this year and next two years by 9% to 12%, and raised the target price to HK$48.
Everbright Securities: Maintaining Tencent Holdings' “Buy” Rating, Target Price HK$430
Everbright Securities released a research report stating that it will maintain$TENCENT (00700.HK)$With a “buy” rating, 3q23 non-IFRS net profit increased significantly. Operating leverage continued to be optimized under the positive cyclical recovery of performance and cost reduction and efficiency. Non-IFRS net profit forecast for 23-25 was 1543.3/1843.5/204.23 billion yuan, with a target price of HK$430.
editor/tolk