Futu news on June 6th: Hong Kong's three major indices rose together, with the Hang Seng Index up .28%, the Technology Index up 0.86%, and the State Index up 0.19% by the close.
At the close, 848 Hong Kong stocks rose, 1,095 fell, and 1,095 closed flat.
The specific industry performance is shown in the following figure:
In terms of sectors, the technology sector showed a divergent trend, with Netease up more than 3%, Xiaomi up more than 1%, Baidu up nearly 1%, and Alibaba, Tencent, and Meituan all slightly up; JD.com fell nearly 2%, Kuaishou fell more than 1%, and Bilibili fell 1%.
Apple concept stocks rose, AAC Technologies up more than 7%, Sunny Optical up more than 4%, Cowell Electronic up more than 3%, and BYD Electronic up more than 2%.
Mainland real estate stocks fell, Sunac fell more than 12%, Country Garden Holdings fell more than 8%, Longfor Group fell more than 3%, China Resources Land fell more than 2%, and China Vanke rose nearly 2%.
Coal stocks rose across the board, with China Coal Energy up nearly 4%, China Shenhua Energy up more than 3%, and Yanzhou Coal Mining up more than 2%.
Electrical utility stocks continued to rise, Huadian Power International up more than 5%, China Resources Power up nearly 4%, Datang International Power Generation up more than 3%, China Power up nearly 3%, and Huaneng Power International up more than 2%.
Port and shipping stocks rose across the board, with COSCO Shipping Port up more than 5%, COSCO Shipping Holdings up more than 4%, COSCO Shipping Energy up more than 3%, Sitc International Holdings and OOIL both up more than 2%.
In other sectors, semiconductor stocks rose strongly all day, while previously declining non-ferrous metals stocks rebounded once again; pulp and paper stocks continued to fall, while auto stocks, dining stocks, biotech stocks, and pork industry concept stocks generally fell.
In terms of individual stocks,$FIT HON TENG (06088.HK)$Nvidia's new product line was released, up more than 18%, and Goldman Sachs said that Hon Hai's AI server potential is underestimated.
$CNOOC (00883.HK)$The company obtained oil and gas resources in Mozambique for the first time, up nearly 4%, and institutions believe that crude oil prices will remain bullish in the medium term.
$ASIA CEMENT CH (00743.HK)$It fell nearly 13%, as the controlling shareholder made a discounted privatization offer.
$XINYI SOLAR (00968.HK)$It fell more than 5%, as institutions predicted that the price of photovoltaic glass will continue to decline in June.
$FIH (02038.HK)$Fujifilm and Nvidia announced plans to establish an advanced computing center, up nearly 8%.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Fund
In terms of Hong Kong stock connections, the net inflow of Hong Kong stock connect (southbound) was HKD 3.668 billion today.
Institutional perspective
Goldman Sachs: Give a buy rating to Galaxy Entertainment, with a target price raised to HKD 52.4.
According to Goldman Sachs' research report,$GALAXY ENT (00027.HK)$gambling revenue market share recovery is stronger than expected, and it is expected to maintain a market share of about 20% until the fourth quarter. Its EBITDA forecast for fiscal years 2024 to 2026 was raised by 3%, and its target price was raised from HKD 50.9 to HKD 52.4 with a buy rating.
Lyon: Raised Sunnova Optical target price to HKD 57 and upgraded rating to "buy"
According to the research report released by Lyon, it is believed that$SUNNY OPTICAL (02382.HK)$it is in a stable recovery trajectory. Benefiting from the contribution brought by the new handset project, the profit margin of the mobile phone business has improved, and may exceed the company's guidance target. The shipments of mobile phone lens group and camera module also trend to exceed the guidance. The company will hold the annual investor day event from June 18th to 19th. The bank has raised its profit forecast for this year and next year, and raised the target price from HKD 47.6 to HKD 57, and upgraded its rating from "underperform" to "buy".
CICC: Maintains Akeso's "outperform" rating and target price of HKD 66.23.
CICC released a research report, maintaining a "outperform" rating on NIO (09866.HK), with a target price of HKD62. As of May, the company has delivered 20,544 vehicles, and its battery swapping system received a strategic investment of CNY1.5 billion from Wuhan Guangchuang Fund. The investment will be used to increase research and development of relevant technologies, as well as the layout and development of charging and swapping infrastructure. $AKESO (09926.HK)$"Outperform" rating due to the positive data of Ivosidenib getting approved. The revenue for 2024/2025 is raised by 4.4%/2.5% to RMB 2.46/4.08 billion respectively, and the target price is HKD 66.23. On May 24th, Ivosidenib was approved by NMPA for use in combination with Marquibo and Carboplatin to treat EGFR-positive NSCLC. On May 31st, Ivosidenib compared with Pembrolizumab 1L treatment of PD-L1 positive NSCLC has achieved positive results. The bank suggests focusing on the elasticity space brought by the commercialization of the company's products and overseas clinical progress after the stock price adjustment.
Editor/Cynthia