Hong Kong stocks surged, with the Hang Seng Index closing up 1.43%; biomedical stocks rallied significantly in the late trading session, with Wuxi Apptec up nearly 12%.

Futu News · Sep 20 16:21

富途资讯9月20日消息，港股三大指数早盘大幅冲高，午后涨幅略有收窄但总体表现依旧强势。截止收盘，恒指、国指分别上涨超1%，恒生科技指数涨1.43%，盘中一度大涨至2.5%，三大指数均录得连涨行情，且均刷新近日反弹新高。

截至收盘，港股上涨1176只，下跌760只，收平1125只。

具体行业表现如下图：

板块方面，科网股多数上涨，阿里巴巴-W涨1.75%，美团-W涨1.57%，网易-S涨1.31%，京东集团-SW涨0.72%，小米集团-W涨0.40%，百度集团-SW涨0.18%，腾讯控股微跌0.05%。

汽车股全日强势，吉利汽车涨6.97%，小鹏汽车涨6.88%，理想汽车涨2.88%。

生物医药股尾盘大幅走强，药明康德涨11.70%，药明生物涨10.40%，巨子生物涨4.16%，百济神州涨3.36%，药明合联涨3.06%，亚盛医药-B涨3.05%，康方生物涨2.42%，科伦博泰生物-B跌0.28%。

互联网医疗股齐涨，阿里健康涨5.02%，京东健康涨3.68%，叮当健康涨3.03%，平安好医生涨1.64%，众安在线涨0.51%，麦迪卫康收平。

体育用品股齐涨，李宁涨4.77%，安踏体育涨3.25%，特步国际涨3.05%，滔搏涨2.54%，裕元集团涨2.17%，本间高尔夫涨2.10%，361度涨0.61%，宝胜国际收平。

黄金股纷纷上行，灵宝黄金涨5.65%，中国黄金国际涨4.03%，山东黄金涨3.92%，招金矿业涨3.57%，紫金矿业涨2.84%，集海资源涨1.41%，中国白银集团收平，潼关黄金收平。

赌场及博彩股普涨，金沙中国有限公司涨4.77%，银河娱乐涨3.14%，金界控股涨2.80%，百乐皇宫跌2.04%，澳博控股跌1.56%，永利澳门涨1.17%，美高梅中国涨0.59%，新濠国际发展涨0.24%。

个股方面，$洛阳钼业 (03993.HK)$午后涨超4%，需求集中释放刺激钼价，海外降息有望提振基本金属。

$康龙化成 (03759.HK)$尾盘飚涨近13%，三季度归母净利润率预计持续改善。

$华兴资本控股 (01911.HK)$午后涨超19%，公司人事变动频繁，秦川晋升为董事总经理。

$国鸿氢能 (09663.HK)$午后涨近22%，公司参建首艘氢燃料动力集装箱船舶，公司称产能释放需要过渡时间。

$思路迪医药股份 (01244.HK)$尾盘跌幅扩大近14%，近期遭剔出港股通名单，上半年收入下滑超四成。

$美的置业 (03990.HK)$再涨近8%，机构称业绩确定性强且股息具吸引力。

$呷哺呷哺 (00520.HK)$午后跌超11%再创新低，机构称凑凑面临的压力大于其他餐饮品牌。

今日成交额TOP10

港股通资金

港股通方面，今日港股通（南向）净流入33.99亿港元。

机构观点

中金：预计9月白色家电零售表现较好，看好海尔智家、海信家电及格力电器

中金发表报告表示，产业在线数据，今年8月家用空调内销出货量754万台，按年跌5.4%；出口出货量552万台，按年升31.5%。中金预计空调去库存即将结束，内销出货有望在近期按年转增，并预计9月白色家电零售表现较好。2023年至2024家上半年电出口持续改善，2024年夏季海外高温，空调出口连续多月超市场预期。该行认为本轮家电出口高增长，背后更重要的影响因素是新兴市场国家大家电普及引发的市场需求提升，以及中国企业在海外份额的逐步提升，上述两个因素的影响长期可持续。该行表示，加大白色家电配置，白色家电推荐 $海尔智家 (06690.HK)$ (予H股目标价33港元及A股目标价32元人民币)、 $海信家电 (00921.HK)$ (予H股目标价27港元及A股目标价32元人民币)及 $格力电器 (000651.SZ)$ (予A股目标价50.64元人民币)。

瑞银：预计今年余下时间香港楼价将大致企稳或轻微回升，看好恒基地产、嘉里建设及新鸿基地产

瑞银发表研报指，美国正式进入减息周期，港银随即宣布跟随减息步伐，将港元最优惠利率下调25个基点，意外成为香港楼市的“中秋节礼物”，带来利好消息，新造一手住宅按揭利率将由4.125%降至3.88%，有助于收窄与租金回报率之间的负息差。综合市场上对美国今明两年减息预测，瑞银目前预期至明年底香港的新造按揭息率可降至2.9%，即较目前的3.88%进一步下降97个基点。假设今年港元最优惠利率可进一步下调25个基点，而租金回报率维持在3.5%，该行预测至今年底香港住宅应大致处于中性水平，可为楼市交投带来支持。瑞银重申今年香港楼价下跌约5%的预测，换言之今年余下时间楼价将大致企稳或轻微回升，看好 $恒基地产 (00012.HK)$ 、 $嘉里建设 (00683.HK)$ 及 $新鸿基地产 (00016.HK)$ 等发展商可受惠。

大摩：预计蔚来未来15天股价将上升，目标价为47.4港元

摩根士丹利发表报告指出，预计 $蔚来-SW (09866.HK)$ 未来15天股价将上升，发生概率达70%至80%。该行对其目标价为47.4港元，评级“增持”。该行认为，蔚来的ONVO L60 (包括标准60kWh电池)的起售价为20.69万元，比预售价低1.3万元，而BaaS车型(不包括60kWh电池)则便宜5.7万元，售价仅为14.99万元，出乎市场意料。加上高达4,000元的早鸟现金折扣，以及当地政府1万元的以旧换新补贴，预示着更高的订单转化和销售预期。

编辑/emily

On September 20th, according to Futu News, the three major Hong Kong stock indices surged significantly in the morning, with a slight narrowing of gains in the afternoon but overall demonstrating continued strength. By the close of trading, the Hang Seng Index and the national index both rose by over 1%, while the Hang Seng Tech Index rose by 1.43%. At one point during the session, it surged to 2.5%. All three major indices continued their consecutive gains, setting new highs in the recent rebound.

At the close, 1176 stocks in Hong Kong rose, 760 fell, and 1125 remained unchanged.

The specific industry performance is shown in the following figure:

In terms of sectors, most tech stocks rose. Alibaba-W increased by 1.75%, Meituan-W by 1.57%, Netease-S by 1.31%, JD-SW by 0.72%, Xiaomi-W by 0.40%, Baidu-SW by 0.18%, while Tencent Holdings edged down by 0.05%.

Automobile stocks showed strength throughout the day, with Geely Auto up 6.97%, Xpeng up 6.88%, and Li Auto up 2.88%.

Biomedical stocks rallied significantly towards the close, with WuXi AppTec up 11.70%, WuXi Biologics up 10.40%, Juzi Biotech up 4.16%, BeiGene up 3.36%, WuXi Hengshili Pharmaceutical up 3.06%, Yasheng Pharmaceutical-B up 3.05%, Pharmaron up 2.42%, while Hua Medicine-B down 0.28%.

Internet healthcare stocks rose across the board, with Alibaba Health up 5.02%, JD Health up 3.68%, Dingdang Health up 3.03%, Ping An Good Doctor up 1.64%, Za Online up 0.51%, and Meidi-Weikang remaining unchanged.

Sporting goods stocks rose together, with Li Ning up 4.77%, Anta Sports up 3.25%, Xtep International up 3.05%, Topsports up 2.54%, Pou Sheng International up 2.17%, Honma Golf up 2.10%, 361 Degrees up 0.61%, and Boasheng International unchanged.

Golden industrial concept stocks are generally on the rise, with Lingbao Gold up 5.65%, China Gold International up 4.03%, SD Gold up 3.92%, Zhaojin Mining up 3.57%, Zijin Mining Group up 2.84%, Ji Hai Resources up 1.41%, Chi Silver Group unchanged, and Tongguan Gold unchanged.

Casinos and gaming stocks are mostly up, with Sands China Ltd up 4.77%, Galaxy Entertainment up 3.14%, Nagacorp up 2.80%, Ponte 16 Resort down 2.04%, SJM Holdings down 1.56%, Wynn Macau up 1.17%, MGM China up 0.59%, and Melco Int'l Dev up 0.24%.

In terms of individual stocks,$CMOC (03993.HK)$Rising more than 4% in the afternoon, the concentrated release of demand stimulates molybdenum prices, and overseas rate cuts are expected to boost basic metals.

$PHARMARON (03759.HK)$Surging nearly 13% at the close, the net income attributable to the parent in the third quarter is expected to continue to improve.

$CR HOLDINGS (01911.HK)$Rising over 19% in the afternoon, the company has experienced frequent personnel changes with Qinchuan being promoted to director general.

$SINOSYNERGY (09663.HK)$Rising nearly 22% in the afternoon, the company participated in the construction of the first hydrogen-powered container ship, stating that capacity release requires a transitional period.

$3D MEDICINES (01244.HK)$The market declined by nearly 14% at the close, recently removed from the list of stocks eligible for trading under the Stock Connect scheme, with revenue in the first half of the year dropping by over 40%.

$MIDEA REAL EST (03990.HK)$Another increase of nearly 8%, institutions state that the performance is highly certain and the dividends are attractive.

$XIABUXIABU (00520.HK)$In the afternoon, the decline exceeded 11%, hitting a new low again. Institutions stated that the pressure faced by Xiabuxiabu is greater than other dining brands.

TOP 10 trading volume today

Hong Kong Stock Connect Fund

Regarding the Hong Kong Stock Connect, today the Hang Seng Tech Index (Southbound) saw a net inflow of 3.399 billion Hong Kong dollars.

Institutional perspective

Zhongjin Securities: It is expected that the retail performance of white appliances in September will be good. They are bullish on Haier Smart Home, Hisense Ha, and Gree Electric Appliances.

Zhongjin Securities released a report stating that in the online industry data, the domestic shipments of household air conditioners in August this year totaled 7.54 million units, a year-on-year decrease of 5.4%; while exports totaled 5.52 million units, a year-on-year increase of 31.5%. Zhongjin Securities predicts that the destocking of air conditioners is about to end, and domestic shipments are expected to increase year-on-year in the near future, with a positive outlook on the retail performance of white appliances in September. From 2023 to the first half of 2024, the export of home appliances will continue to improve, with overseas high temperatures in the summer of 2024 leading to air conditioner exports exceeding market expectations for several months. The bank believes that the current high growth in home appliance exports is driven by the increased demand in emerging market countries for large home appliances, as well as the gradual increase in market share of Chinese companies overseas. The long-term impact of these two factors is sustainable. The bank suggests increasing exposure to white appliances and recommends white appliances. $HAIER SMARTHOME (06690.HK)$ (With a target price of HK$33 for the H shares and RMB 32 for the A shares), $HISENSE HA (00921.HK)$ (With a target price of HK$27 for the H shares and RMB 32 for the A shares) and $Gree Electric Appliances,Inc.of Zhuhai (000651.SZ)$ (With a target price of RMB 50.64 for the A shares).

UBS: It is expected that the property prices in Hong Kong will stabilize or slightly rebound for the remainder of this year. They are bullish on Henderson Land, Kerry Properties, and SHK Properties.

UBS released a research report stating that the United States has officially entered an interest rate reduction cycle. Hong Kong banks subsequently announced a follow-up interest rate cut, reducing the most favorable Hong Kong dollar rate by 25 basis points, unexpectedly becoming a 'Mid-Autumn Festival gift' for the Hong Kong property market, bringing positive news. The interest rates for new first-hand residential mortgages will drop from 4.125% to 3.88%, helping to narrow the negative spread between mortgage rates and rental yields. Taking into account market forecasts for interest rate cuts in the U.S. over the next two years, UBS currently expects that by the end of next year, new mortgage rates in Hong Kong can drop to 2.9%, a further decrease of 97 basis points from the current 3.88%. Assuming that the most favorable Hong Kong dollar rate can be further reduced by 25 basis points this year, while rental yields remain at 3.5%, the bank predicts that Hong Kong residential properties should be at a neutral level by the end of this year, providing support for property market trading. UBS reaffirms its forecast of a 5% decline in Hong Kong property prices this year, indicating that property prices will stabilize or slightly rebound for the remainder of the year, expressing optimism. $HENDERSON LAND (00012.HK)$Please use your Futubull account to access the feature.$KERRY PPT (00683.HK)$ Nvidia. $SHK PPT (00016.HK)$ Developers may benefit.

Morgan Stanley: It is expected that Nio's stock price will rise in the next 15 days, with a target price of HK$47.4

Morgan Stanley's report indicates that it is expected $NIO-SW (09866.HK)$ The stock price is expected to rise in the next 15 days, with a probability of 70% to 80%. The bank has a target price of 47.4 Hong Kong dollars with a 'shareholding' rating. The bank believes that NIO's ONVO L60 (including the standard 60kWh battery) has a starting price of 0.2069 million yuan, which is 0.013 million yuan lower than the pre-sale price, while the BaaS model (excluding the 60kWh battery) is cheaper by 0.057 million yuan, with a selling price of only 0.1499 million yuan, surprising the market. Additionally, with an early bird cash discount of up to 4,000 yuan, and a local government subsidy of 0.01 million yuan for trade-ins, this indicates higher order conversion and sales expectations.

Editor/Emily

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

港市速睇 | 港股强劲上涨，科指收涨1.43%；生物医药股尾盘大幅拉升，药明康德涨近12%