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, the three major indices of Hong Kong stocks fluctuated downward. Even though they recorded two consecutive days of gains during the week, they weakened sharply on Friday, with a cumulative decline throughout the week. As of Friday's close, the Hang Seng Index had a cumulative decline of 1.32% during the week, the index had a cumulative decline of 2.65% during the same period, and the China Index had a cumulative decline of 1.08% during the same period.
A number of individual stocks announced their results this week. Among them,$LUFAX (06623.HK)$,$ANGELALIGN (06699.HK)$,$POP MART (09992.HK)$,$COWELL (01415.HK)$Weekly increases of 54.74%, 19.43%, 18.16%, and 14.78%, respectively.
Land Control's revenue in 2023 was 34.3 billion yuan, and net profit was 1,034 billion yuan. By the end of 2023, Lujin Holdings had served approximately 20.94 million customers, with an authorized loan balance of 315.4 billion yuan, and additional loans of 208 billion yuan for the whole year. Its consumer finance companies had a loan balance of 37.1 billion yuan at the end of 2023, and the share of new consumer finance loans increased to 34% in the year.
Lyon released a research report saying that maintaining Bubble Mart's “outperforming the market” rating, the gross margin is expected to increase by 1.3 and 0.9 percentage points this year and next, respectively. Benefiting from the growth of high-margin overseas direct sales business, as well as operating leverage and cost control, it also appreciates its own image products and other product lines. The target price will be raised from HK$27 to HK$32. Furthermore, Bubble Mart's revenue and net profit reached record highs in 2023.
CICC pointed out that although Gaowei Electronics' performance in 2023 is under short-term pressure, looking ahead to 2024, Gaowei Electronics is closely cooperating with major North American customers and is expected to gain further share in the field of mobile phone rear cameras and MR camera modules. In the medium to long term, Gao Weizheng has gradually become one of Lixun Group's important strategic puzzles, and the company's performance growth rate is expected to be superior to that of the mobile phone optical industry.
Three days of continuous promotion!$FIT HON TENG (06088.HK)$The cumulative increase during the week was 25%, and the cumulative increase was over 70% during the year. Institutions indicated that its growth momentum was evident this year.
CMB International pointed out that in 2024, several product lines of Hon Hai Precision ushered in new product launches and business breakthroughs. Growth momentum is showing, the product portfolio continues to be optimized, and the network connectivity business division's product portfolio adjustments are nearing completion. The bank is optimistic that the company will achieve an increase in revenue and continue to expand profit margins in 2024.
$CHINA RUYI (00136.HK)$After being very happy, it surged by more than 19% in a single day, and climbed nearly 33% during the week.
China's Ruyi announced that unaudited revenue is expected to reach approximately RMB 3.45 to RMB 4 billion in 2023, a significant increase of about 161.4% to 203% over the same period in 2022; adjusted profit is approximately RMB 9.3 to 1.08 billion yuan, up about 257.7% to 315.4% from approximately RMB 260 million in the same period in 2022.
On the other hand, the weakest performing stocks this week are as follows:
editor/tolk