Futu News reported on April 2 that the three major indices of Hong Kong stocks rose collectively. By the close, the Hang Seng Index had risen 2.36%, the Science Index had risen 1.89%, and the National Index had risen 2.58%.
By the close, Hong Kong stocks had risen 1,067, down 926, and closed at 999.
The specific industry performance is as follows:
On the sector side, the majority of TechNet stocks rose. Xiaomi rose nearly 9%, Meituan rose nearly 5%, Bilibili nearly 3%, Kuaishou and Baidu rose more than 2%, Tencent rose nearly 2%, Ali rose more than 1%, JD rose nearly 1%, and NetEase fell nearly 7%.
Gold stocks rose collectively. Shandong Gold rose nearly 9%, Lingbao Gold rose more than 7%, Zhaojin Mining rose more than 6%, and Zijin Mining rose nearly 4%.
Petroleum stocks performed well. CNPC rose nearly 7%, CNOOC rose nearly 6%, and Sinopec rose nearly 5%.
Sporting goods stocks are doing well. Anta Sports rose more than 6%, Taobo rose more than 4%, Li Ning rose more than 3%, and XTEP International rose more than 1%.
Gaming stocks rose one after another. Wynn Macau rose more than 5%, Sands China Limited and Galaxy Entertainment rose more than 4%, MGM China rose nearly 4%, and Aobo Holdings rose nearly 3%.
Many copper stocks rose. Wanguo International Mining rose nearly 13%, Jiangxi Copper shares rose 6%, Minmetals Resources rose more than 5%, and China's nonferrous mining industry rose more than 1%.
On the other side, pork concept stocks, home appliance stocks, and catering stocks mostly rose, while domestic housing stocks and biotech stocks declined.
In terms of individual stocks,$XIAOMI-W (01810.HK)$With a rise of nearly 9%, the SU7 is on sale, and Goldman Sachs Little Mozi is optimistic.
$MEITUAN-W (03690.HK)$It rose nearly 5%, and the fourth quarter results exceeded expectations. The agency said the company had three major inflection points.
$XPENG-W (09868.HK)$With a drop of nearly 6%, the price war for car companies has begun again. Institutions expect their gross margins to remain low in single digits this year.
$ANTA SPORTS (02020.HK)$It rose more than 6%, and the annual performance growth exceeded expectations. The driving force for this year's turnover growth was stronger than that of peers.
$BRILLIANCE CHI (01114.HK)$With a rise of nearly 26%, the company is considering paying a special dividend. Damo once indicated that the parent company's restructuring would bring cash distributions.
$CNBM (03323.HK)$The increase was more than 14%, the performance was better than previously predicted, and the dividend payout ratio was further increased.
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$3,696 billion.
Agency Perspectives
Goldman Sachs: Maintains Hisense Home Appliance “Buy” Rating, Target Price Raises to HK$30
Goldman Sachs released a research report saying,$HISENSE HA (00921.HK)$Last year's performance was in line with expectations, with revenue up 18% year on year and net profit up 98%. Management still has a positive view of China's domestic market share growth. It is expected to benefit from improved efficiency and improved product portfolio. At the same time, it is expected that the overseas business growth rate will reach double digits in 2024, driven by brand sales. Based on the latest performance, the bank raised Hisense Home Appliances's 2024-2026 earnings forecast by 2% and raised the target price from HK$27 to HK$30, maintaining a “buy” rating.
Lyon: Reiterates BYD Electronics' “Buy” Rating and Lowers Target Price to HK$42.6
Lyon released a research report saying that with a strong partnership with NVDA.US (NVDA.US) and leading technology in the field of liquid cooling, it is beneficial$BYD ELECTRONIC (00285.HK)$To develop the artificial intelligence server business, the target price was lowered from HK$51.1 to HK$42.6, and the “buy” rating was reiterated, and growth was believed to be on the right track.
CICC: Maintains Cordi-B's “outperforming the industry” rating, with a target price of HK$12.7
CICC released a research report saying that it maintains$CUTIA-B (02487.HK)$“Outperform the industry” rating, considering that the company's commercialization process exceeded expectations, the 2024 revenue forecast was raised by 22% to $280 million to maintain the 2025 revenue forecast. At the same time, considering the increase in costs and expenses during the brand development period, the 2024-25 profit forecast was maintained, with a target price of HK$12.7.
Edit/Cyhthia