Futu News reported on April 22 that the three major indices of Hong Kong stocks rose one after another. By the close, the Hang Seng Index had risen 1.77%, the Science Index had risen 1.78%, and the National Index had risen 1.47%.
By the close, Hong Kong stocks had risen 1,082, down 801, and closed at 1,112.
The specific industry performance is as follows:
On the sector side, TechNet stocks strengthened; Meituan and Tencent rose more than 5%, JD rose more than 3%, Bilibili and Ali rose nearly 3%, NetEase rose more than 2%, and Kuaishou and Baidu rose nearly 2%.
Biotech stocks generally rose. Genting Xinyao rose more than 8%, Connoya rose more than 6%, Kingsray Biotech rose more than 5%, and Pharmaceutical Kangde, Pharmaceutical, and Kangfang Biotech rose more than 1%.
Many coal stocks fell sharply. Mongolia's coking coal and China Coal Energy fell more than 6%, Yankuang Energy fell more than 5%, China's Shenhua fell nearly 4%, and Yancoal Australia fell more than 3%.
Petroleum stocks fell, with CNOOC Services falling more than 3%, CNPC falling nearly 3%, CNOOC falling more than 2%, and Sinopec falling slightly.
Beer stocks rose one after another. Tsingtao Brewery rose more than 4%, and China Resources Beer and Budweiser Asia Pacific rose more than 3%.
On the other side, biotechnology stocks, education stocks, sporting goods stocks, domestic insurance stocks, and domestic housing stocks have risen sharply; heavy machinery stocks, gold stocks, and electricity stocks have declined sharply.
In terms of individual stocks,$TENCENT (00700.HK)$With an increase of more than 5%, “DNF Mobile Games” is scheduled, which is expected to contribute a considerable increase in Tencent's performance in 24 years.
$LI AUTO-W (02015.HK)$With a drop of more than 8%, Ideal Auto joined the price war, and MEGA dropped by up to 30,000 yuan.
$POP MART (09992.HK)$It has risen by more than 6%, and has risen 90% since the beginning of February. Damo claims that the company has multiple positive catalysts.
$EVEREST MED-B (01952.HK)$With an increase of more than 8%, Nifukang showed many positive results in WCN2024.
$SENSETIME-W (00020.HK)$With an increase of more than 3%, the company's business is being restructured, and the revenue and share of the generative AI business is expected to continue to increase.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, Hong Kong Stock Connect (southbound) had a net inflow of HK$2.9 billion today.
Agency Perspectives
Citibank: Maintains Tencent Holdings' “Buy” Rating, Target Price HK$459
Citi released a research report saying, maintain$TENCENT (00700.HK)$The “buy” rating is optimistic about its steady execution and sustainable rapid profit growth. The target price is HK$459. Citi expects that Tencent's domestic games will resume year-on-year growth in the second season. The e-commerce season may support video account advertising and live streaming expenses. It is believed that total revenue will accelerate again from the second quarter to the fourth quarter.
UBS: Gives China Unicom a “buy” rating, with a target price of HK$7.5
UBS released a research report saying that$CHINA UNICOM (00762.HK)$“Buy” rating, target price HK$7.5. Although the company's net profit growth in the first quarter of this year fell short of expectations, its guidance for the whole year remained unchanged. Last quarter service revenue reached RMB 89.04 billion, up 3.4% year on year; EBITDA rose 3.4% to RMB 26.61 billion. Both figures are in line with market expectations. The company's net profit increased 8.9% year-on-year to RMB 5.61 billion last quarter, 6% lower than forecast. However, the Group remains unchanged in its full-year guidance, and net profit growth for the 2024 fiscal year is expected to reach double digits.
Bank of America Securities: Maintaining Pacific Shipping's “Buy” Rating, Target Price Reduced to HK$3
Bank of America Securities released a research report stating that it will maintain$PACIFIC BASIN (02343.HK)$The “buy” rating predicts that this year and next two years will enter a period of profit recovery. It is expected that the company will have strong cash flow generation capacity. Therefore, it is still believed that the dividend ratio can reach 70% this year, and the target price will drop slightly from HK$3.1 to HK$3.
Edit/Cynthia