从港股个股表现来看，金融股的表现最为亮眼。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 giantMonthly Hong Kong and US Bull and Bear StocksThis section closely follows market trends, takes stock of monthly performances in the Hong Kong and US stock markets, helps Mooers sort out hot sectors, strong individual stocks, and major news of the month, and seeks investment themes that can make money.
The Hong Kong stock market's October trading officially came to a close on Thursday, presenting a trend of "rising first and then falling." During the National Day holiday at the beginning of the month, the Hong Kong stock market continued the strong rally stimulated by a series of bullish policies introduced at the end of September, with market sentiment running high; After the Hang Seng Index touched a high of 23,241.74 in two years on October 7, the market began to decline. The Hang Seng Tech Index saw a significant decline this month, with an accumulated drop of 5.32%; The Hang Seng Index and the China Enterprises Index fell by 3.86% and 3.27% respectively.
Institutions state that the extreme rapid surge in the short term in the Hong Kong stock market, accompanied by drastic fluctuations, is part of a normal technical adjustment in the market. China International Capital Corporation released a research report stating that the current Hong Kong stock market is in a certain "fragile balance" between expectations and policy implementation, and as the US presidential election approaches, external disruptions are gradually increasing; The Hong Kong stock market continues to fluctuate at the current levels, waiting for policy changes and the US election, with a focus on structural opportunities.
Looking at individual stock performance in the Hong Kong stock market, the performance of financial stocks is particularly outstanding.
Third-quarter results reported positive news, with significant profit growth! China-affiliated brokerage stocks in the Hong Kong stock market continue to celebrate. $HAITONG SEC (06837.HK)$ This month, there was a strong increase of about 79%. $CMSC (06099.HK)$Please use your Futubull account to access the feature.$GTJA (02611.HK)$ All rose by about 45%.
According to financial report statistics, among the 50 listed brokerages including A-shares, only 3 had performance losses in the first three quarters, with a profit proportion of 94%. 13 listed brokerages had revenue exceeding 10 billion yuan in the first three quarters.
Institutional analysis points out that with the implementation of a series of capital market policies on September 24th, under the favorable policy environment, investment sentiment has improved, market trading activity has significantly boosted, benefiting brokerage firms' brokerage, asset management, margin financing, and other core businesses, thereby enhancing brokerage firms' profit capabilities.
On October 10th, the highly anticipated merger and reorganization of the 'aircraft carrier-level brokerage' parties Hai Tong Securities and GTJA both resumed trading the next day after disclosing the restructuring plan the previous night. After the merger, the company's net asset scale jumped to the top of the industry, with the size of retail, institutional, and corporate clients all leading the way.
Boosted by the favorable news of restructuring! Hong Kong stocks$CHONGQING IRON (01053.HK)$Soared more than 30% on Monday, leading the steel sector, with the stock rising over 45% so far this month.
On October 25, China Iron and Steel Industry Association stated that it will expedite research on capacity governance and joint restructuring. The China Iron and Steel Association has begun to accelerate relevant research, conduct special inspections, and put forward a package of policy recommendations to promote joint restructuring and improve exit mechanisms. Institutions point out that the steel industry has entered a phase of reducing production, and mergers and reorganizations will continue. The industry's competitive landscape will be optimized. Large state-owned enterprises and advantageous private enterprises that grow stronger through mergers and acquisitions are better able to meet the competitive requirements of the new situation.
China Galaxy Securities stated that the central meeting has sent a strong signal to stabilize growth. As a low-cycle variety, steel is expected to benefit fully, with excess returns in sight. It pointed out that the traditional peak season of steel consumption in "Golden September and Silver October" has arrived, and the industry's supply and demand situation is expected to further improve, catalyzing a rebound in steel prices. Core assets of manufacturing with operational resilience and competitive advantages are expected to see profit recovery and value reassessment.
In addition, the used car trading platform $AUTOSTREETS (02443.HK)$ soared over 5 times this month, a Chinese mobile search service provider $EASOU TECH (02550.HK)$ Rapidly rose over 133%; a gold trinket brand enterprise $LAOPU GOLD (06181.HK)$ Following last month's surge of over 61%, there was another increase of over 46% this month.
On September 9th, the Shanghai Stock Exchange and Shenzhen Stock Exchange issued an announcement adjusting the list of securities under the Hong Kong Stock Connect. Autostreets, Ecosoft Technology, and Old Store Gold have all been formally included in the Hong Kong Stock Connect, effective from September 10, 2024.
On the other hand, the following stocks performed weakly this month:
Editor / jayden