Editor's note: "US Stock Gold Mining" Keep up with daily market trends, insight, and consolidate hot and outstanding stocks, providing multi-dimensional investment opportunities for Mooer and helping them grasp investment opportunities with one chart! Focus on: 1. Performance and stock prices take off! Global fast fashion giant $Gap Inc (GPS.US)$ soared nearly 29% after its performance, reaching a new high for the year. Gap announced its first fiscal 2023 first-quarter results, with net sales of $3.4 billion, exceeding analysts' expectations of $3.28 billion, and earnings per share of $0.41, with overall comparable sales growth of 3%, better than expected 0.91%. In addition, the gross profit margin for the quarter reached 41.2%, higher than analysts' forecast of 38.5%. Its subsidiary brand Old Navy's same-store sales grew by 3%, exceeding market expectations of 2.5%. Based on this, Gap raised its sales and operating profit outlook for the year. Baird has recently raised its target share price for Gap from $23 to $28, and Goldman Sachs has raised its target share price for Gap from $20 to $27. 2. US electric power stocks collectively agitated! The largest wind and solar power generator developer in the United States $NextEra Energy (NEE.US)$, the fourth largest power plant in the United States $Southern Company (SO.US)$, the power and natural gas company $CenterPoint Energy (CNP.US)$, and the electrical production and transmission company $Edison International (EIX.US)$ have all reached new highs for the year. On the news front, as AI technology often requires a lot of energy to develop and operate, utility stocks are becoming a new opportunity for investors. 3. Low-key AI beneficiaries! Data storage giantThis week's bullish stocks in Hong Kong and the US stock markets.This section closely follows market trends every week, reviews the weekly performance of the Hong Kong and US stock markets, and helps mooers sort out the hot sectors, strong individual stocks, and major news of the week, looking for investment themes with profit potential.
This week, the Hong Kong stock market stabilizes, with short-term wide swings, and the Hang Seng Index stands above 18000 points.
As of the close, the Hang Seng Index rose 0.48% this week to 18,028.52 points; the Hang Seng Tech Index fell 0.17% over the same period to 3,701.4 points; during the same period, the China Enterprises Index rose 1.02% to 6,439.82 points.
Despite the bearish sentiment surrounding the Hang Seng Index in the short term, foreign institutions still hold optimistic expectations for the future market. Recently, foreign banks such as Standard Chartered and DBS both expected the Hang Seng Index to rise above 20,000 points in the next 12 months.
Affected by Apple's AI strategy,$FIT HON TENG (06088.HK)$It rose 19.72% over the week and nearly 40% over the past two weeks.
CMB International believes that Apple's AI function updates released at WWDC basically meet previous market expectations. Considering that only iPhone 15 Pro series and devices using M1 or updated chips can use Apple Intelligence among the products already launched, the bank expects to see product update and replacement demand in the third quarter of this year. Relevant supply chain companies, including Fit Hon Teng, are expected to benefit. The bank previously pointed out that Fit Hon Teng is one of the world's leading server connector manufacturers, and the management expects its server/interconnect business revenue to increase by 15-20% YoY in 2024.
Excess dividend payment,$BRILLIANCE CHI (01114.HK)$It rose 18% in a single day this week and its stock price has nearly doubled this year.
According to a report by CCB International, Brilliance China announced a special dividend of HKD 4.3 per share last Friday (the 14th). Since the resumption of trading in October 2022, the company has announced four rounds of special dividends, involving approximately CNY 35.8 billion, or HKD 7.72 per share.
By the end of 2023, Brilliance China's net cash reached CNY 29.9 billion. After deducting the special dividends of CNY 7 billion and CNY 20.1 billion respectively in April and July, the bank expects the company to still have a net cash of CNY 2.8 billion, which means the space for future special dividends is limited.
New game revenue exceeded expectations,$BILIBILI-W (09626.HK)$It rose 16.82% this week and many major banks are bullish.
Bilibili's new game, "Three Kingdoms: Strategic Edition," has ranked second in the strategy games category on the AppStore and third in the entire games category since its release on June 13. The game's average daily revenue was CNY 11.8 million from June 13 to 19.
China Merchants Securities expects Bilibili to launch "Three Kingdoms: Strategic Edition" in overseas markets. According to predictions, the game's total revenue in the first month could reach about CNY 1 billion, contributing nearly CNY 4 billion in revenue and about CNY 1.2 billion in income in the first year. In addition, China Merchants Securities has adjusted its profit forecast for Bilibili, predicting that the company's second-quarter revenue will increase by 15% annually, and its advertising and value-added services will increase by 29% and 15% annually, respectively.
On the other hand, the following stocks performed weakly this week:
Editor/Ping