Futu News, August 19 - The three major Hong Kong stock indices rose collectively. As of the close, the Hang Seng Index rose 0.80%, the National Index rose 1.04%, and the Science and Technology Index rose 1.68%.
By the midday closing, Hong Kong stocks rose by 1,057 and fell by 830, while 1,177 remained unchanged.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks were strong throughout the day, with JD Health up 7.93%, BOSS zhipin up 6.98%, JD.com up 3.88%, Ali Health up 3.77%, Baidu up 2.39%, and bilibili up 2.17%.
Gold stocks rose as a whole, with Lingbao Gold up 7.86%, Shandong Gold up 5.12%, Zhaojin Mining up 5.05%, and China Gold International up 2.62%.
Auto stocks generally rose, with Li Auto Inc. up 5.29%, Xpeng up 3.76%, Nio Inc. up 2.79%, Xiaomi Corporation up 1.73%, and BYD Company up 0.45%.
Mainland real estate stocks were strong, with China Jinmao up 10.17%, Zhongliang Holdings up 5.26%, Midea Real Estate up 4.51%, and China Overseas Grand Ocean Group up 4.43%.
Gaming software stocks rose, with 7road up 10%, XD Inc. up 4.35%, and NetEase up 1.96%.
In terms of individual stocks,$LI NING (02331.HK)$Up more than 7%, steady revenue growth in the first half of the year, with a dividend payout ratio of up to 50%.
$WEIMOB INC (02013.HK)$Currently up more than 7%, Tencent Video's commercialization is accelerating, and the company is expected to enjoy structural dividends.
$MEILAN AIRPORT (00357.HK)$Up more than 6%, the arbitration ruling is better than expected, and the company is expected to release profits in the next two years.
$J&T EXPRESS-W (01519.HK)$Up more than 6%, included in the Hang Seng China Enterprises Index constituents.
$POP MART (09992.HK)$Currently up more than 6%, the performance will be announced tomorrow, and the mid-term net profit is expected to increase by more than 90%.
$FIRST TRACTOR (00038.HK)$Currently up more than 6%, the proportion of large tractor production continues to increase, and agricultural machinery subsidy policies are maturing.
$CKH HOLDINGS (00001.HK)$Up more than 4%, the company announced a reduction in mid-term dividends, and Morgan Stanley expects moderate growth in earnings per share and dividends for the year.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
In terms of Hong Kong stocks through (southbound), the net outflow was HKD 6.179 billion today.
Institutional perspective
Goldman Sachs: Maintains buy rating for CKH Holdings, raises target price to HKD 59
Goldman Sachs released a research report, maintaining the "buy" rating, predicting the earnings per share of CKH from 2024 to 2026 to be between 8% and 12%, and raising the target price from HKD 57 to HKD 59. The bank believes that CKH's European telecommunications business will experience a cyclical recovery, coupled with the regulatory reorganization of CKI Holdings, which will help the group's overall profit growth in the next one to two years, with a compound annual growth rate of approximately 12% from 2024 to 2026. The report pointed out that the company's net profit in the first half of the year was RMB 10.2 billion, while it was RMB 11.2 billion in the same period of last year. The year-on-year difference was due to the impact of one-time income last year. The group's EBITDA increased by 5% year-on-year to RMB 52 billion, and the mid-term dividend per share decreased by 9% year-on-year to RMB 0.69, equivalent to a dividend payout ratio of 26%. $CKH HOLDINGS (00001.HK)$Goldman Sachs: Buy rating for JD Logistics, target price raised to HKD 12.3
UBS Group: Buy rating for Ali Health, target price raised to HKD 12.3
UBS Group releases a research report stating that it gives a "buy" rating. It raises its earnings forecast by 40% to 70% per share for this year to 2027 and raises its target price from HKD 11.4 to HKD 12.3. UBS pointed out that the profit margin in the second quarter of the group far exceeded expectations under international financial reporting standards, mainly due to cost control, especially outsourcing, which is the most significant part of performance improvement. The company guides that its revenue this year will increase by a high single-digit percentage, and the non-IFRS profit margin guidance for the whole year is raised from 1.7% - 2% to 2.5%.$JD LOGISTICS (02618.HK)$Sealand Securities: Maintain a "Buy" rating on Tencent and a target price of HKD 466. Sealand Securities released a research report stating that it maintains a "buy" rating, considering that the company's gaming business is stable, advertising continues to grow beyond expectations, and profit margins have improved significantly year-on-year. It raises earnings expectations. It is expected that the company's revenue for FY2024-2026 will be 665.6/727.7/788.6 billion yuan respectively, and the non-IFRS net profit attributable to the parent company will be 223.8/253.9/282.4 billion yuan.
Sealand Securities: Maintains Tencent's 'buy' rating, target price of HKD 466.
Sealand Securities released a research report stating that it maintains a 'buy' rating, considering the company's stable game business, continuous growth in advertising beyond expectations, and significant year-on-year increase in profit margin. It raised its profit expectations and expected the company's FY2024-2026 revenue to be RMB 665.6/727.7/788.6 billion, non-IFRS net income attributable to shareholders to be RMB 223.8/253.9/282.4 billion, with a target price of HKD 466.$TENCENT (00700.HK)$Sealand Securities: Maintains Tencent's 'buy' rating, target price of HKD 466. It raised its profit expectations and expected the company's FY2024-2026 revenue to be RMB 665.6/727.7/788.6 billion, non-IFRS net income attributable to shareholders to be RMB 223.8/253.9/282.4 billion.
Editor/ping