On November 26, Futu News reported that Hong Kong stocks fell in the afternoon, with three major indices showing mixed results. The Hang Seng Index rose slightly by 0.04%, the Tech Index fell by 0.31%, and the National Index declined by 0.16%.
By the close, 823 Hong Kong stocks had risen, 1044 had fallen, and 1217 had remained unchanged.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks showed mixed results. Xiaomi Group-W fell by 4.23%, Baidu Group-SW rose by 4.17%, JD.com Group-SW rose by 1.88%, Alibaba-W rose by 1.71%, Meituan-W rose by 1.42%, Netease-S fell by 0.97%, Kuaishou-W rose by 0.86%, and Tencent fell by 0.35%.
Shipping and ports stocks generally declined, with COSCO Shipping Holdings falling by 4.17%, China Mer Port down by 2.38%, Pacific Basin down by 2.01%, OOIL down by 1.82%, COSCO Ship Engy down by 1.54%, and SITC down by 1.45%.
Casinos and gaming stocks were all up, with Sands China Ltd rising by 3.83%, Century Ent Int falling by 3.09%, Melco Int'l Dev rising by 1.32%, SJM Holdings rising by 1.16%, and Galaxy Ent rising by 1.08%.
Cryptos concept stocks declined, with Meitu falling nearly 8%, Boyaa falling nearly 15%, OKG Tech falling over 9%, Sinohope Tech down over 6%, Linekong falling nearly 18%, and Grandshores down over 9%.
Semiconductor stocks fell, with Ingdan down 8.63%, Solomon Systech down 3.19%, Hua Hong Semi down 2.61%, HG Semi rising 1.96%, Semiconductor Manufacturing International Corporation down 1.79%, and CE Huada Tech down 1.57%.
Most apple supplier stocks declined, with vstecs down 3.16%, q tech down 3.03%, sunny optical down 2.55%, byd electronics down 2.04%, aac tech down 1.50%, tk group hldg up 1.13%, and fih up 1.08%.
Lithium battery stocks fell, with ganfenglithium down 5.56%, tianqi lithium corporation down 4.14%, byd electronics down 2.04%, honbridge down 1.82%, tianneng power down 1.36%, and byd shares down 1.00%.
In terms of individual stocks, $BIDU-SW (09888.HK)$ Rising over 4%, baidu intelligent cloud released the industry's first space intelligence solution, collaborating with industry chain companies to build an industry ecosystem.
$COSCO SHIP HOLD (01919.HK)$ Falling over 4%, recent tariff and other geopolitical risks have repeatedly intensified, leading to a weak response from Hong Kong's shipping stocks.
$GANFENGLITHIUM (01772.HK)$ Falling over 5%, the company indicated that the price of lithium carbonate has fluctuated significantly recently and may continue to oscillate next year.
$SMIC (00981.HK)$ Falling nearly 2%, new regulations on US chip controls could place up to 200 Chinese chip companies on the trade restriction list.
$CHOW TAI FOOK (01929.HK)$Falling nearly 3%, mid-term performance will be disclosed today, with institutions estimating that price fluctuations will significantly affect net profit for the first half of the year.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
Regarding Hong Kong Stock Connect, there was a net inflow of 6.865 billion HK dollars today.
Institutional perspective:
CMB International: Maintained a "buy" rating for BYD Electronics, still the industry favorite.
CMB International released a research report indicating continued bullish outlook on BYD. $BYD ELECTRONIC (00285.HK)$ iPhone AI cycle, stable demand for Android flagship, high-end new energy vehicles products, and momentum for AI servers in 2025. Based on a PE of 11.9 times for 2025, CMB International believes this stock is attractive, with a target price of HKD 44.41 based on SOTP valuation, maintaining a "buy" rating, still the industry favorite.
Macquarie: Maintained a "outperform market" rating for Sunny Optical, CEO's resignation has limited impact.
Macquarie issued a report responding that the resignation of the CEO Sun has limited impact on the company's daily operations, as $SUNNY OPTICAL (02382.HK)$ Each business sector is managed by multiple key personnel. The bank expects the company's CEO role can transition smoothly in the short term. The bank will keep sunny optical on its list of selected stocks, benefiting from a fundamental shift in the business (improvement in selling price and profit margin), increased demand for flagship smartphones, and lens upgrades. The bank maintains its earnings forecast unchanged, keeps an "outperform the market" rating, with a target price of 76.2 HKD.
Citi: Expects the real estate markets in mainland China and Hong Kong to stabilize in 2025, continues to list china res land as a preferred stock.
Citi released a research report indicating expectations that the real estate markets in mainland China and Hong Kong will stabilize in 2025. The key factors for this improvement in the property market will be inventory buybacks and prospects of the Federal Reserve cutting interest rates again in the first half of next year. Currently, it still predicts that property prices in mainland China and Hong Kong will continue to decline in the first half of next year, with stabilization expected only in the second half. $CHINA RES LAND (01109.HK)$ Given the low valuation and robust fundamentals, Citi continues to list it as the top choice among mainland real estate stocks, with an "outperform the market" rating and a target price of 30 HKD.
编辑/Wade
