Futu News reported on May 31 that all three major indices of Hong Kong stocks were adjusted. At the close, the Hang Seng Index fell 0.83%, the Science Index fell 1.65%, and the China Index fell 1.09%. This month, the Hang Seng Index rose 1.78%, the Science Index fell 0.27%, and the China Index rose 1.89%.
By the close, Hong Kong stocks had risen 857, down 1124, and closed at 1,038.
The specific industry performance is as follows:
On the sector side, the trend of TechNet shares was mixed. Bilibili rose more than 3%, JD rose slightly; Meituan fell more than 3%, Tencent fell more than 2%, Ali fell nearly 2%, NetEase, Xiaomi, and Baidu fell more than 1%, and Kuaishou fell slightly.
Coal stocks strengthened; China Coal Energy rose more than 5%, China Shenhua rose more than 1%, and Yankuang Energy and Yancoal Australia rose nearly 1%.
Many non-ferrous metal stocks declined. Ganfeng Lithium fell nearly 7%, while Zijin Mining, Jiangxi Copper Co., Luoyang Molybdenum, and China Aluminum fell more than 2%.
Apple concept stocks fell, with Shunyu Optical Technology falling more than 5%, Ruisheng Technology and Gaowei Electronics falling more than 2%, and BYD Electronics falling nearly 3%.
Gas stocks generally fell. China Resources Gas and China Gas fell more than 4%, Xinao Energy fell more than 3%, Kunlun Energy fell nearly 2%, and Hong Kong China Gas fell nearly 1%.
Semiconductor stocks declined, with Huahong Semiconductor falling nearly 4%, SMIC falling nearly 2%, and Shanghai Fudan falling more than 1%.
On the other side, domestic housing stocks, mobile game stocks, electricity stocks, catering stocks, etc. fell sharply; most biotech stocks bucked the trend and strengthened, while most military stocks and telecom stocks continued to rise.
In terms of individual stocks,$AKESO (09926.HK)$The increase was over 37%, and AK112-303 achieved significant positive results in PFS.
$SKB BIO-B (06990.HK)$With an increase of more than 6%, SKB264 appeared at ASCO, which is optimistic about its potential for globalization.
$XINYI SOLAR (00968.HK)$It fell by more than 6%, component manufacturers' production expectations were weak, and the price of optical glass was expected to decline.
$LEPU BIO-B (02157.HK)$With an increase of more than 15%, the company released a number of research results, and recently raised funds for ADC candidate product research and development.
$SANY INT'L (00631.HK)$It fell more than 4% and was excluded from the MSCI China Index. The adjustment will take effect after the market.
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$9.06 billion.
Agency Perspectives
UBS: Maintains Xiaomi Group-W “Buy” Rating, Target Price HK$20
UBS released a research report saying, based on strong performance in the first quarter of this year,$XIAOMI-W (01810.HK)$With the smartphone shipment target raised by 5 million units to 160 million to 165 million units this year, management believes that gross margin can still be controlled at 12% to 13% for the whole year. The core gross margin indicator remained unchanged at 20% or more for the whole year. Maintain a “buy” rating and target price of HK$20.
Damo: Giving Tencent Holdings (00700) an “plus” rating, with a target price of HK$450
Morgan Stanley released a research report saying,$TENCENT (00700.HK)$The target price is HK$450, and the rating is “Overweight”. The bank has a constructive attitude towards Tencent's gaming prospects. It is expected that online games will remain flat in the first quarter of this year and accelerate to a 10% year-on-year increase in the second half of the year.
CICC: Maintaining Li Ning's “outperforming the industry” rating, and the target price increased to HK$25.33
CICC released a research report saying that it maintains$LI NING (02331.HK)$“Outperform the industry” rating, considering an increase in the industry's valuation center, the target price was raised 21% to HK$25.33. The bank indicated that technological innovation enabled Li Ning's product competitiveness and kept the company's 2024 and 2025 earnings forecasts of RMB 1.25 and 1.44 yuan per share unchanged.
Edit/Cynthia