Futu News September 19th news, the three major Hong Kong stock indexes rose unilaterally throughout the day, with the market sentiment being bullish. The Hang Seng Tech Index continued to climb in the afternoon, leading the gains with a substantial increase of 3.25% to reach a two-month high. The Hang Seng Index and Hang Seng China Enterprises Index rose by 2% and 2.1% respectively, with the Hang Seng Index surging more than 350 points to cross the 18,000 level again.
At the close, 1,318 stocks rose, 697 stocks fell, and 1,046 stocks remained unchanged in the Hong Kong stock market.
The specific industry performance is shown in the following figure:
In terms of sectors, technology stocks performed well, with JD.com-SW up 7.19%, Kuaishou-W up 4.86%, Meituan-W up 4.04%, Alibaba-W up 3.44%, Baidu-SW up 2.71%, Tencent Holdings up 2.32%, Netease-S up 1.91%, and Xiaomi-W up 1.43%.
Property services and management stocks rose, with China OVS PPT up 8.26%, Wanwu Cloud up 7.92%, China Resources Mixc Life up 7.08%, Greentown Management Holdings up 6.36%, A-Living Services up 5.86%, Poly PPT Services up 5.85%, CG Services up 5.11%, and Evergrande Services up 4.35%.
Internet healthcare stocks rose, with JD Health up 5.39%, Alibaba Health up 4.91%, Ping An Good Doctor up 2.30%, Za Online up 1.76%, and Dingdong Health up 1.02%.
Dining stocks performed well, with Jiumaojiu up 10.96%, Haidilao up 7.15%, Naixue's Tea up 5.60%, Xiabuxiabu up 3.90%, Texhong Seafood International up 3.43%, Yum China up 3.08%, Dashen Shares up 1.88%, and Cafe de Coral Holdings down 0.13%.
Casinos and gaming stocks rose across the board, with Galaxy Entertainment up 4.49%, Sands China Limited up 3.97%, Melco International Development up 3.27%, SJM Holdings up 3.23%, Ponte 16 down 2.96%, Wynn Macau up 2.81%, MGM China up 2.40%, and Nagacorp up 0.94%.
Nonferrous metal stocks rose, with CMOC Group Limited up 6.60%, Aluminum Corporation of China up 6.37%, Chinahongqiao up 6.18%, Ganfeng Lithium up 5.13%, Zhaojin Mining down 3.01%, Jiangxi Copper up 2.89%, Zijin Mining Group up 2.52%, SD Gold down 1.62%.
On the other hand, defense stocks bucked the trend, with CSSC Offshore & Marine Engineering down more than 6%. Biomedical stocks mostly declined, with Akeso sharply retreating 11.4% after continuously hitting new highs. Building materials and cement stocks showed mixed trends, with Asia Cement and CNBM up more than 2%, Dongwu Cement down more than 7%, and Conch Cement down 2%.
In terms of individual stocks,$YADEA (01585.HK)$Rose nearly 7% in the afternoon, Guangdong launched a program to replace old electric bicycles with new ones, aiming to replace 0.4 million units.
$GIANT BIOGENE (02367.HK)$Rose more than 4%, recently obtained a patent authorization for the XVII collagen peptide restructuring.
$NEW ORIENTAL-S (09901.HK)$Up more than 5%, institutions believe that the counseling industry is expected to maintain good growth, and the company is at a new stage of growth.
$COSCO SHIP HOLD (01919.HK)$Up more than 4%, central banks around the world cutting interest rates may boost international trade, multiple disturbances affecting the supply side of shipping.
$SUNART RETAIL (06808.HK)$Rising more than 18% in the afternoon, closing up 12%, Lianhua Supermarket's M membership stores are accelerating their opening, institutions suggest focusing on high-dividend, low-valuation retail companies.
$BEKE-W (02423.HK)$Surging more than 7% in the afternoon, LPR and existing home loan rates may be lowered, major banks are optimistic about the company's sound finances and shareholder returns.
$LK TECH (00558.HK)$Up nearly 8%, the injection molding machine business is showing strong recovery, and the company continues to deepen its global market strategy.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
As for the Hong Kong Stock Connect, the net inflow of southbound funds is 2.604 billion Hong Kong dollars today.
Institutional perspective
Daiwa: Tencent and Ctrip are the first choice among mainland technology companies, and the target price for Meituan has been raised to 160 Hong Kong dollars.
According to the research report released by Daiwa, the top choice among domestic technology companies is $TENCENT (00700.HK)$ Nvidia. $TRIP.COM-S (09961.HK)$ , followed by $MEITUAN-W (03690.HK)$Please use your Futubull account to access the feature.$PDD Holdings (PDD.US)$ Nvidia. $BABA-W (09988.HK)$ And raised Meituan's target price from 145 Hong Kong dollars to 160 Hong Kong dollars. The bank noted the main positive factors of Meituan and Ctrip, believing that Ctrip's hotel business is ready to further increase its market share in the next two years, with the main catalyst being the increase in revenue contribution from international tourism business; while Meituan's total in-store commodity trade volume recorded a year-on-year increase of over 40% in July and August, and its delivery business unit's economic improvement due to lower rider costs.
高盛：携程仍是中国休闲/旅游领域的首选之一，维持目标价517港元
高盛发表研究报告表示，由于相对于更广泛的国内消费，旅游需求更具弹性，故维持对 $TRIP.COM-S (09961.HK)$ 2024-2027年16%的年复合收益率预测。同时，高盛并注意到携程集团在中国出境旅游方面的主导地位及其透过其平台的扩张。携程集团仍是高盛在中国休闲/旅游领域的首选之一，今明两年预测市盈率13倍及11倍，亦维持携程集团港股目标价517港元及“买入”评级。
中金：上调渣打集团评级至“跑赢行业” 目标价升至98.7港元
中金发表研究报告指，上调 $STANCHART (02888.HK)$ Upgraded to "Outperform" rating, with the target price raised by 19.2% to 98.7 Hong Kong dollars, equivalent to a forecasted P/B ratio of 0.7 times for the next two years. The bank stated that the network in emerging markets provides opportunities for Stanchart's growth, and its strategic transformation to reduce risk and improve efficiency has also been effective. The bank believes that the path to profit improvement for Stanchart is clear, and is bullish on its ROTE increasing to over 12% as per the company's guidance, maintaining the profit forecast unchanged. The bank is optimistic about the company achieving rapid revenue growth after the interest rate cut cycle, driving stable ROTE improvement.
Editor/Emily