Futu News reported on April 30 that the three major indices of Hong Kong stocks had mixed ups and downs. By the close, the Hang Seng Index had risen 0.09%, the Science Index had fallen 0.34%, and the National Index had fallen 0.14%.
By the close, Hong Kong stocks were up 920, down 1001, and closed at 1,089.
The specific industry performance is as follows:
On the sector side, many shares of Science Network declined. Jingdong fell nearly 3%, Meituan fell nearly 2%, Bilibili and Kuaishou fell more than 1%, Tencent, Xiaomi, and NetEase fell slightly, and Baidu rose more than 1%.
Chinese brokerage stocks fell, with Huatai Securities falling more than 5%, CITIC Construction Investment Securities falling nearly 5%, CICC falling more than 4%, China Galaxy falling more than 2%, and League of Nations Securities falling nearly 2%.
Heavy infrastructure stocks generally fell. China Railway fell nearly 6%, China Construction International fell more than 4%, China Zhongzhi fell nearly 4%, China Railway Construction fell more than 2%, and China Communications Construction fell more than 1%.
Many home appliance stocks rose. Haier Smart Home rose nearly 8%, Hisense Home Appliances rose more than 7%, TCL Electronics rose nearly 2%, and JS Global Life rose more than 1%.
Coal stocks rose; Yankuang Energy rose more than 3%, China Coal Energy and Shougang Resources rose more than 2%, and China Shenhua rose nearly 2%.
On the other side, energy concept stocks such as petroleum and electricity were collectively popular, while catering stocks and semiconductor stocks performed sluggishly throughout the day.
In terms of individual stocks,$COSCO SHIP HOLD (01919.HK)$It rose nearly 7%, and net profit in the first quarter more than doubled month-on-month. The dividend ratio is expected to improve compared to previous expectations.
$OOIL (00316.HK)$With an increase of more than 5%, the shipping index (European line) futures completed the first delivery, and freight rates may remain high in the short term.
$TUHU-W (09690.HK)$It rose by more than 5%, was included in the Hong Kong Stock Connect, and the company's operating efficiency continued to improve.
$CHINASOUTHCITY (01668.HK)$With an increase of more than 18%, the company appointed financial advisors and legal advisers to assist in handling overseas debt restructuring matters.
$JOINN (06127.HK)$It fell nearly 16%, and the impact of experimental impairment increased, and the company changed from profit to loss year-on-year in the first quarter.
$CHINA RAILWAY (00390.HK)$It fell nearly 6%, and net profit for the first quarter was 7.481 billion yuan, down 5.04% year on year.
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$3.249 billion today.
Agency Perspectives
UBS: Maintains CITIC Securities' “Buy” Rating, Lowers Target Price to HK$21.7
UBS released a research report saying that it maintains$CITIC SEC (06030.HK)$The “Buy” rating lowered the 2024-2026 net profit forecast by 24% to 33% because the bank lowered assumptions about industry trading volume based on market and industry trends since the beginning of the year, and the target price was reduced from HK$23.5 to HK$21.7 accordingly.
CITIC Securities: Giving Bank of Communications an “increase in holdings” rating, target price of HK$7
CITIC Securities released a research report stating that$BANKCOMM (03328.HK)$With an “increase in holdings” rating, interest business volume increased steadily in the first quarter, rather than the convergence of credit impairment to support profit expansion. The annual operating performance is expected to be ahead of peers. Due to better-than-expected results for the first quarter, the earnings estimates per share for 2025 and 26 were raised to RMB 1.21 and RMB 1.29, respectively, with a target price of HK$7.
Citibank: Maintaining China Resources Cement Holdings' “Buy” Rating, Target Price Reduced by 43.3% to HK$1.7
Citi released a research report saying that it was lowered$CR BLDG MAT TEC (01313.HK)$The target price was reduced by 43.3%, from HK$3 to HK$1.7. The company's profit forecast for 2024 and 2025 was lowered by 64% and 60%, and a 2026 forecast was introduced to reflect a decrease in the average unit selling price (ASP) of products such as cement, but sales increased, maintaining a “buy” rating.
Edit/Cynthia