Futu News, August 23 - The three major stock indexes in Hong Kong opened lower and closed higher. The Hang Seng Index fell by 0.16%, the H-share Index fell slightly by 0.06%, and the Hang Seng Technology Index fell by 1.13%.
At the close, there were 762 stocks rising and 1,037 stocks falling in the Hong Kong stock market, with 1,262 stocks remaining unchanged.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks fluctuated. Kuaishou rose by 2.38%, Alibaba-SW rose by 1.22%, Bilibili rose by 0.75%, Ke Holdings rose by 0.65%, Tencent Holdings fell by 0.58%, Meituan-W fell by 1.38%, and NetEase-S fell by 10.28%.
Shipping and ports stocks weakened, with OOIL falling by 7.32%, Cosco Ship Energy falling by 5.15%, Cosco Shipping Holdings falling by 4.20%, Qingdao Port International falling by 1.87%, and Sitc falling by 1.68%.
Pharmaceutical stocks weakened, with 3SBio falling by 10.61%, Hansoh Pharma falling by 6.91%, Hutchmed (China) falling by 4.94%, CSPC Pharma falling by 2.88%, and Sino Biopharm falling by 2.18%.
Insurance stocks rose across the board, with China Pacific Insurance rising by 6.11%, Ping An Insurance rising by 3.64%, China Life Insurance rising by 2.06%, New China Life Insurance rising by 1.77%, PICC P&C rising by 1.11%, China Taiping Insurance rising by 0.59%, and AIA rising by 0.09%.
Dining stocks fell across the board, with Daseke Group falling by 3.94%, Haidilao falling by 3.28%, Naixue's Tea rising by 1.47%, Jiumaojiu falling by 1.24%, Xiabuxiabu falling by 1.04%, and Yum China falling by 0.52%.
In terms of individual stocks,$ANGELALIGN (06699.HK)$Post-performance rose by over 17%, with adjusted net profit for the first half of the year reaching approximately 71.7 million yuan, nearly doubling year-on-year.
$GDS-SW (09698.HK)$The increase exceeds 13%, and the cumulative increase this month exceeds 50%. Institutions said that the company's second-quarter performance exceeded expectations.
$YADEA (01585.HK)$Rose by over 7%, the company was selected to the list of specifications for electric bicycles, and the demand for replacement of old with new is expected to be released.
$AAC TECH (02018.HK)$The increase is more than 4%, and the stock price has achieved three consecutive gains. After the performance, multiple large banks have raised their target prices.
$HISENSE HA (00921.HK)$Now up more than 3%, the company will release its performance at the end of this month. Institutions said that the performance of white goods is stable and the dividend yield is high.
$PING AN (02318.HK)$After the performance, the price has risen by more than 3%, and the net profit attributable to the mother in the first half of the year increased by 6.84% year-on-year, indicating a clear improvement in the main business of life insurance.
$COSCO SHIP ENGY (01138.HK)$Now down more than 5%, since June, the market has entered the off-season. Institutions said that there is a huge difference in market views on the future prosperity of refined oil transportation.
$BRILLIANCE CHI (01114.HK)$After the performance, it has fallen by more than 6%, and the automotive finance income has decreased. The net profit in the first half of the year has decreased by 60% year-on-year.
$OOIL (00316.HK)$After the performance, it has fallen by more than 7%, and the net profit in the first half of the year has decreased by 26.18% year-on-year. The dividend is $0.8 per share.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
In terms of the Hong Kong stock connect, the net inflow of Hong Kong stock connect (Southbound) today is 2.729 billion Hong Kong dollars.
JPMorgan: Long-term funds believe that potential inclusion in the Hong Kong stock connect is a clear opportunity for Alibaba, maintaining the target price at 106 Hong Kong dollars.
$BABA-SW (09988.HK)$This morning it was announced that the company will be dual-listed on the Hong Kong Stock Exchange and the New York Stock Exchange next Wednesday. JPMorgan pointed out that long-term funds believe that Alibaba's potential inclusion in the Stock Connect is a clear opportunity. Long-term funds hold a cautious and optimistic attitude towards Alibaba, believing that the company's market share has potential to increase and its valuation is relatively low, but they remain cautious about its past performance and uncertain consumer sentiment. JPMorgan maintains its "overweight" rating and target price of HKD 106 for Alibaba.
Lion: Raised the target price of AAC Technologies to HKD 38.6 and reiterates its "outperform" rating.
Lion pointed out,$AAC TECH (02018.HK)$In the first half of the year, the performance exceeded expectations and returned to a growth trajectory. The gross margin of optical products increased by 21.7 percentage points to 4.7% on an annual basis, due to improved average selling price and increased demand for smart phones. Based on the improvement in product mix, the gross margin of acoustic products has returned to its normal level of 30%. The management expects the group to benefit from the trend of AI phone heat dissipation boards. The bank reiterated its "outperform" rating on the group and raised the target price from HKD 36.5 to HKD 38.6.
CICC: Raised the target price of Pop Mart to HKD 57.5 and adjusted earnings forecast for the next two years.
CICC issued a research report, maintaining its$POP MART (09992.HK)$The 'outperform' rating pointed out that the mid-term performance is in line with expectations, with high growth trends in both domestic and international business and improved profitability. We are bullish on the company's accelerated expansion of product categories and IP matrix, as well as its diversified monetization and global development prospects. CICC has raised its adjusted net income forecast for the company for the next two years by 16% and 15% to 2.31 billion and 2.97 billion yuan respectively, and raised the target price by 15% to HKD 57.5.
Editor/ping