Futu News, June 3- Hong Kong's three major indexes rose at the same time. As of the close, the Hang Seng Index rose 1.79%, the Science Index rose 2.53%, and the National Index rose 2.18%.
At the close, 1141 stocks rose, 842 fell, and 1035 remained unchanged in the Hong Kong stock market.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks rose across the board. Bilibili rose nearly 6%, Tencent more than 4%, Meituan rose nearly 4%, NetEase, Alibaba, Xiaomi, and JD rose more than 2%, Baidu rose nearly 2%, and Kuaishou rose more than 1%.
Auto stocks rose across the board. BYD Company, Li Auto Inc. rose more than 5%, NIO Inc. rose more than 4%, Geely Auto rose more than 3%, Great Wall Motor rose more than 1%, and Xiaopeng rose nearly 1%.
Port and shipping stocks rose, COSCO Shipping Holdings rose more than 6%, OOIL rose nearly 5%, and SITC rose 2%.
Apple supplier stocks performed well, BYD Electronic rose more than 7%, Sunny Optical rose more than 2%, Cowell and AAC Tech rose nearly 2%.
Semiconductor stocks were strong, Hua Hong Semi rose more than 5%, Shanghai Fudan rose more than 3%, and Semiconductor Manufacturing International Corporation rose nearly 1%.
In other aspects, mainland real estate and property management stocks rose together, and the home appliance, building materials, and cement industries rose together. Mobile game stocks, dining stocks, heavy equipment stocks, and casino stocks rose one after another; copper industry stocks, education stocks, and rare earth metals concept stocks fell.
In terms of individual stocks,$GENSCRIPT BIO (01548.HK)$fell nearly 18%, and the US House Committee demanded an investigation.
$BYD COMPANY (01211.HK)$rose more than 5%, and the sales of new energy vehicles in May increased by 38% year-on-year, highlighting the cost-effective advantages of iterative plug-in hybrids.
$BJ ENT WATER (00371.HK)$rose nearly 7%, and the increase in water supply prices increased profits. It is expected that the rise in volume and price will guarantee high dividends.
$KEEP (03650.HK)$rose more than 6%, and Migushanpao will stop operating. Users can migrate data to Keep.
$POP MART (09992.HK)$rose nearly 5%, and Furui said the company may raise its full-year sales target, and Morgan Stanley raised the company's target P/E ratio.
$FOSUN INTL (00656.HK)$Up more than 13%, recently sold equity in Germany's private bank HAL, continuing to advance the "focus" strategy.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Fund
In terms of Hong Kong Stock Connect, the net inflow of Southbound Hong Kong Stock Connect today was HKD 3.4 billion.
Institutional perspective
Bank of America Securities: Reiterates a "buy" rating on Bilibili-W, raises target price to HKD 140
Bank of America Securities released a research report stating, reiterates$BILIBILI-W (09626.HK)$a "buy" rating, based on the improvement in Bilibili's advertising and gaming businesses. It has decided to raise its EPS forecast for fiscal years 2024 to 2026 by 3% to 5% and to raise its target price from HKD 131 to HKD 140.
Orient: Maintains a "buy" rating on JD.com-SW, with a target price of HKD 131.1
Orient released a research report stating, maintains$JD-SW (09618.HK)$a "buy" rating and advises adjusting profit forecast based on the latest performance announcement. Forecasted revenue for 2024-2026 is RMB 1157.4/1222.5/1299.5 billion, with adjusted net income attributable to parent of RMB 35.9/37.7/40.2 billion and a target price of HKD 131.1. The company released FY1Q24 results, with profits exceeding expectations.
Morgan Stanley: Gives China Coal Energy a "market perform" rating and recommends distributing mid-term special dividends for surprises
Morgan Stanley's report pointed out that$CHINA COAL (01898.HK)$the parent company has proposed that the company distribute mid-term special dividends with a distribution ratio of not less than 30%, bringing surprises to the market. The bank focuses on the potential increase in dividends of Chinese coal mining companies and notes that Chinese coal companies have historically only distributed end-of-term dividends after the announcement of full-year performance. The proposal to distribute mid-term dividends this time may prompt other state-owned coal mining companies such as Shenhua and Yankuang Energy to follow suit.
Editor/Cynthia