Futu News reported on March 27 that the three major Hong Kong stock indices fell in the afternoon. By the close, the Hang Seng Index had fallen 1.36%, the Science Index had fallen 2.25%, and the National Index had fallen 1.67%.
By the close, Hong Kong stocks were up 680, down 1,257, and closed at 1,056.
The specific industry performance is as follows:
On the sector side, the majority of TechNet stocks fell; Baidu fell nearly 5%, Xiaomi fell more than 3%, Meituan and Ali fell more than 2%, and Tencent rose slightly.
Auto stocks had the highest decline, with Zero Sport falling more than 8%, BYD and Xiaopeng Motors falling more than 6%, and NIO falling nearly 6%.
Domestic housing stocks declined, with Country Garden falling nearly 8%, Sunac China and Vanke falling more than 4%, and China's overseas development falling by more than 3%.
Gold stocks rose against the market. Zhaojin Mining rose nearly 5%, Lingbao Gold rose more than 2%, and Zijin Mining rose nearly 2%.
Shipping stocks generally rose. Haifeng International rose more than 5%, Dongfang Overseas International and COSCO Marine Energy rose more than 2%, and COSCO Marine Holdings rose nearly 2%.
On the other hand, net profit fell 9.31% year on year. Mengniu's volume plummeted by nearly 10%, leading the decline in dairy stocks, while popular stocks such as semiconductor stocks, sporting goods stocks, heavy machinery stocks, petroleum stocks, and gaming stocks fell sharply.
In terms of individual stocks,$TENCENT (00700.HK)$A reversal of the market rose by nearly 1% to HK$302, which is rumored to provide Apple Vision Pro with a variety of popular apps.
$SHENZHOU INTL (02313.HK)$After the performance, it rose by more than 10%. Nomura maintained Shenzhou International's “buy” rating, and the target price rose to HK$104.3.
$E-COMMODITIES (01733.HK)$It rose nearly 8%, annual net profit increased 27.43% year on year, and annual coal sales increased dramatically year over year.
$SINOPHARM (01099.HK)$It rose more than 2% in the afternoon, and net profit for the whole year increased by 6.2%. Yamato said earnings for the fourth quarter exceeded expectations.
$YIHAI INTL (01579.HK)$After the results, it rose by more than 9%. Net profit for the whole year increased by nearly 15% year on year, and sales revenue of related parties increased by more than 35%
$SENSETIME-W (00020.HK)$It fell more than 10%, and revenue for the full year of 2023 was 3.406 billion yuan, a year-on-year decrease of 10.6%.
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$6.564 billion.
Agency Perspectives
CCB International: Maintaining CNOOC's “Outperforming Market” Rating, Target Price Raised to HK$21.3
CCB International released a research report saying that it maintains$CNOOC (00883.HK)$The “Outperform Market” rating showed that the valuation was attractive, and the target price was raised from HK$15.65 to HK$21.3. According to the report, the company's net profit fell 13% year on year last year, and its performance was slightly lower than market expectations. The decline was mainly due to the oil price correction, which led to an average drop of 19% year on year in oil prices. CNOOC's production is steady. Last year, it recorded a 9% year-on-year increase, exceeding the forecast. Meanwhile, the Group also kept costs under control. The unit production cost was reduced by 3% year over year to 7.7 US dollars per barrel, better than the bank's expectations of 8.13 US dollars per barrel.
Komo: Maintaining Anta Sports' “Gain” Rating, Target Price Raised to HK$144
J.P. Morgan Chase released a research report saying that it will maintain$ANTA SPORTS (02020.HK)$According to the “Overweight” rating, it is estimated that this year's sales and profit are expected to increase by 13% and 17%, respectively, and the target price will be raised from HK$140 to HK$144. According to the report, the company's performance last year beat expectations. Profit increased 35% year over year, and the performance was better than the forecast of 6%, while sales growth, gross margin and operating profit margin performance were all in line with expectations. It also said that the Group's Anta brand and Fila guidelines both maintained 10% to 15% retail sales growth this year, easing some investors' concerns about lowering their guidelines.
CICC: Maintaining China Resources Vientiane Life's “Outperforming the Industry” rating, with a target price of HK$33
CICC released a research report saying that it maintains$CHINA RES MIXC (01209.HK)$“Outperform the industry” rating, and the 2023 results are in line with market expectations. Core net profit is expected to increase 20% year-on-year to $3,494 billion in 2024, with a target price of HK$33. The company's revenue in 2023 increased 23% year on year to 14.77 billion yuan, and core net profit increased 31% year over year to 2.92 billion yuan. The total dividend payout during the year was RMB 0.704 per share, with a dividend rate of 55% (normal dividend rate of 45% in '22). The operating performance of shopping malls was superior to that of the market during the period, and the sector's profit growth was impressive. Outreach results in the residential and non-commercial property management sectors have been positive.
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