In March, the three major indices of Hong Kong stocks showed a volatile trend. As of yesterday's close, the Hang Seng Index had a cumulative increase of 0.18% throughout the month to close at 16541.42 points; the Hang Seng Technology Index had a cumulative increase of 1.35% to close at 3477.55 points; the State-owned Enterprises Index had the biggest increase of 2.34%, closing at 5810.79 points.
CICC pointed out that the current Hong Kong stock market may continue to fluctuate in the range. Until more favorable policies are implemented, we will continue to focus on three core lines: stable cash flow sectors (high dividend ratios, such as telecommunications, utilities and energy), high-end technology upgrading sectors (technology hardware, semiconductors), and overseas sectors in mid-tier dominant industries (construction machinery, automobiles and components, new energy and photovoltaics, and consumption of some brands, etc.).
Although Hong Kong stocks are still showing weak consolidation, there is no shortage of individual stocks that have achieved outstanding performance.
The humanoid robot racetrack is on fire! The first stock of the Hong Kong stock robot$UBTECH ROBOTICS (09880.HK)$It surged 131% this month, and the company entered the Hong Kong Stock Exchange securities list on March 5.
Yesterday, Preferred Choice released its first financial report since listing. Revenue for the full year of last year was RMB 1,055 million (same below), up 4.7% year on year; smart logistics business revenue was 389 million yuan, up 47.9% year on year; and revenue from consumer robots and other hardware was 253 million yuan, up 91.5% year on year. As AI models become more mature, the commercialization of humanoid robots is expected to accelerate, and the stock continues to receive market attention.
With AI Dongfeng,$FIT HON TENG (06088.HK)$The stock price rose steadily this month, with a cumulative increase of nearly doubling, and the company's share of revenue in AI infrastructure construction is expected to increase.
CMB International released a research report saying that in the latest generation Nvidia GB200 NVL72 cabinet design, more than 5,000 copper cables are included to achieve better cost and power savings. The bank believes that copper cable connection products for servers will become one of the future growth drivers for Hongteng Precision. The bank is optimistic that Hongteng Precision will achieve an increase in revenue and continued expansion of profit margins in 2024, raising its target price from HK$2.02 to HK$2.21.
Advantages of autonomous driving continue to explode, sub-IPOs$IMOTIONAUTOTECH (01274.HK)$It soared for four consecutive months, with a cumulative increase of 209% over the IPO price of HK$29.65, and the total market capitalization reached HK$10 billion.
Zhixing Auto Technology is an autonomous driving solution provider in China, focusing on autonomous driving domain controllers. The company has commercialized L2 to L2+ autonomous driving solutions (L2+ is not an official classification under SAE (1)) and is developing L2 to L4 autonomous driving solutions for automakers (OEMs).
Furthermore, many resource stocks have collectively surged this month.$MMG (01208.HK)$,$CHINAHONGQIAO (01378.HK)$,$CMOC (03993.HK)$The cumulative increase was close to 40%.
On the other hand, the weakest performing stocks this month are as follows:
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