Futu News reported on April 29 that the three major indices of Hong Kong stocks had mixed ups and downs. By the close, the Hang Seng Index had risen 0.54%, the Science Index had fallen 0.13%, and the National Index had risen 0.21%.
By the close, Hong Kong stocks had risen 1,267, down 724, and closed at 1,021.
The specific industry performance is as follows:
On the sector side, the trend of TechNet shares was mixed. Baidu rose more than 2%, Shang Tang and NetEase rose more than 1%, Meituan fell more than 3%, Ali fell more than 1%, and Tencent fell slightly.
Domestic housing stocks strengthened across the board. Shimao Group rose more than 60%, Sunac China rose more than 28%, Ocean Group rose nearly 23%, Vanke Enterprise rose nearly 19%, Xuhui Holdings rose more than 18%, and Xincheng Development rose more than 13%.
Auto stocks improved. Evergrande Auto rose nearly 12%, Zero Run rose more than 8%, NIO and Ideal rose more than 2%, and Geely, BYD, and Xiaopeng rose more than 1%.
Major financial stocks generally rose. AIA Insurance rose more than 6%, Bank of China rose nearly 5%, China Taibao rose more than 4%, Bank of China rose more than 3%, China Galaxy rose nearly 3%, and CMB rose more than 2%.
On the other side, lithium battery stocks, gambling stocks, photovoltaic stocks, semiconductor stocks, and Apple concept stocks all rose; education stocks declined significantly, with New Oriental falling nearly 7%; and oil stocks, power stocks, gold stocks, and telecommunications stocks, which had strong risk aversion in the early period, were sluggish throughout the day.
In terms of individual stocks,$SHIMAO GROUP (00813.HK)$It has soared by more than 60%, and recently the property markets in many places have once again shown positive results.
$CHINA VANKE (02202.HK)$It surged nearly 19%, and Vanke's domestic debt generally rose.
$BIDU-SW (09888.HK)$The increase was more than 2%. According to news, Tesla may cooperate with Baidu for the map navigation function.
$BANK OF CHINA (03988.HK)$With an increase of nearly 5%, interest spreads are under pressure without changing business resilience, and the market style still favors dividend strategies.
$GANFENGLITHIUM (01772.HK)$,$TIANQI LITHIUM (09696.HK)$It surged more than 4%, and the main lithium carbonate futures contract soared.
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$2,753 billion.
Agency Perspectives
Jefferies: Giving AIA a “buy” rating, target price of HK$96
Jefferies released a research report saying,$AIA (01299.HK)$The value of new business increased by 27% in the first quarter, higher than the 18% and 19% forecasts of the bank and the market, respectively. At a fixed exchange rate, the Group's growth rate even reached 31%, and the profit margin increased from 52.3% in the first quarter of 2023 to 54.2% during the maturity period. Jefferies said that AIA surprised the market by adding 2 billion US dollars to the current buyback. Management also announced a target payout ratio of 75% for the full year. The bank gave the Group a target price of HK$96, with a “buy” rating.
Goldman Sachs: Gives China Life a “buy” rating, target price of HK$14
Goldman Sachs released a research report saying,$CHINA LIFE (02628.HK)$“Buy” rating, target price HK$14. Regarding investors' concerns about the risk of falling interest rates, Goldman Sachs pointed out that China Life Insurance management indicated that it is currently also actively controlling the debt period, and it is expected that the balance gap will continue to narrow during the lifetime of the debt.
Damo: Giving Brilliance China an “additional” rating, and the target price was raised to HK$8.2
Morgan Stanley released a research report saying it will$BRILLIANCE CHI (01114.HK)$The target price was raised from HK$6.8 to HK$8.2, to reflect management's recent positive views on the cash distribution plan. Although management revealed that it is considering potential automobile-related investments, the expected scale may be limited, and profitability will be an important consideration.
editor/tolk