On June 18th, Futu news reported that the three major stock indexes in Hong Kong fluctuated and fell. As of the closing, the Hang Seng Index fell by 0.11%, the Hang Seng Tech Index fell by 0.33%, and the HSI declined by 0.08%.
As of the close, 874 stocks rose in Hong Kong stocks, 1021 fell and 1153 were flat.
The specific industry performance is as follows:
In terms of sectors, large network technology stocks weakened, Bilibili rose more than 3%, Xiaomi rose slightly, Netease fell more than 3%, and Baidu fell more than 2%.
Biotechnology stocks generally fell, Akeso fell nearly 7%, Wuxi Bio fell nearly 2%, Wuxi AppTec fell nearly 4%.
Semiconductor stocks rose, Hua Hong Semiconductor rose nearly 4%, Semiconductor Manufacturing International Corporation rose more than 3%.
Today, the Apple supplier stocks were strong throughout the day, with Sunny Optical rising nearly 4%, AAC Tech rising more than 2%, and BYD Electronic rising slightly.
Bank stocks generally rose, CITIC Bank rose more than 3%, China Construction Bank and ICBC rose more than 1%, and Bank of China rose slightly.
Oil and gas stocks fluctuated, CNOOC rose nearly 2%, PetroChina and Sinopec Corp rose nearly 1%.
In addition, film and television entertainment stocks fell significantly, dining stocks performed poorly, and Haidilao fell 2.44%, hitting a new low in adjustment. In May, the volume of new house transactions decreased by about 30% year-on-year, and mainline real estate stocks and property management stocks performed sluggishly.
In terms of individual stocks,$FIT HON TENG (06088.HK)$Server stocks rose nearly 17%, and demand for AI servers remained high, accelerating the landing of AI terminal applications.
$HUANENG POWER (00902.HK)$Oil and gas stocks rose more than 2%, and the total social electricity consumption in the first five months increased by 8.6% year-on-year.
$LI AUTO-W (02015.HK)$Bilibili fell more than 3%, with Deutsche Bank stating that the stock price has reflected negative factors, and competition in the pure electric vehicle market is fierce.
$LENOVO GROUP (00992.HK)$AAC Tech rose more than 3%, releasing new products for full-stack computing power infrastructure and full-stack AI-driven company long-term growth.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Fund
As for the Hong Kong stock connect, the net inflow of Hong Kong stock connect (southbound) was 5.861 billion Hong Kong dollars today.
Institutional perspective
"Increase" rating was first given to Sunny Optical by China Merchants Securities. The recovery of the smart phone business is expected to exceed expectations
$China Merchants (600999.SH)$Released a research report stating that$SUNNY OPTICAL (02382.HK)$it first covers Sunny Optical and gives a "buy" rating. It is estimated that the total revenue from 2024 to 2026 will be 37 billion, 41.9 billion, and 47.4 billion yuan respectively, and the net profit attributable to the parent will be 1.9 billion, 2.4 billion, and 3.0 billion yuan, with earnings per share of 1.84 yuan, 2.32 yuan, and 2.83 yuan. For the medium and long term, the bank is bullish on the growth space for Sunny Optical's overseas customers, in-vehicle, and XR fields, especially emphasizing the growth elasticity of the AR field that the company focuses on investing in this year in the next three years.
UBS Group: First gave Geely Auto a "buy" rating with a target price of HKD 13.
Buy rating of BOC Aviation with a target price raised to HKD 76.7$GEELY AUTO (00175.HK)$The company has a "buy" rating and is expected to release its first quarterly earnings report, which is expected to be a short-term catalyst for its stock price revaluation, with a target price of HKD13. The report notes that the company will release quarterly earnings this month for the first time. The bank expects the net income of the group's first quarter to be CNY1.477 billion, as Geely's operating leverage improves, product structure improves, and export sales accelerate. Also, investors may not have fully factored in the impact of the company's sales growth of 49% year-on-year. Excluding Zeekr, the bank expects the net profit per vehicle in the group's first quarter to be CNY5,000, up 16% from the first half of last year.
Jefferies financial: the summer game market will be lively, with Tencent as the first choice, and the target price raised to HKD480.
Jefferies financial released a report stating that the domestic game market will be very lively during this year's summer vacation, including Perfect World and other companies launching new games, and reaffirmed Tencent as the industry's first choice. The bank believes that Tencent demonstrates strong execution in game strategy and expects multiple new games to be launched. The bank maintains its "buy" rating on Tencent, with a target price raised from HKD475 to HKD480 to reflect the latest business trends.$TENCENT (00700.HK)$, $NetEase (NTES.US)$, $Perfect World (002624.SZ)$Jefferies financial released a report stating that the domestic game market will be very lively during this year's summer vacation, including Perfect World and other companies launching new games, and reaffirmed Tencent as the industry's first choice. The bank believes that Tencent demonstrates strong execution in game strategy and expects multiple new games to be launched. The bank maintains its "buy" rating on Tencent, with a target price raised from HKD475 to HKD480 to reflect the latest business trends.
Editor/Alan