Futu News reported on January 6 that the three major Hong Kong stock indices all fell, $Hang Seng Index (800000.HK)$ down 0.36%, $Hang Seng TECH Index (800700.HK)$ down 0.18%, $Hang Seng China Enterprises Index (800100.HK)$ down 0.33%.
As of the close, 808 stocks in Hong Kong rose, 1139 fell, and 1150 closed unchanged.
The specific industry performance is shown in the following figure:
In terms of sectors, the Network Technology stocks showed mixed results, with MEITUAN-W down 1.95%, KUAISHOU-W down 1.23%, TENCENT down 1.16%, JD-SW up 1.12%, Bilibili down 1.12%, Alibaba-W down 0.54%, and XIAOMI-W up 0.14%.
Cryptocurrency concept stocks performed brilliantly, with GRANDSHORES up 22.22%, BOYAA up 12.47%, and MEITU up 3.55%.
Alcoholic Beverages stocks showed varied results, with MAJOR HLDGS up 8.16%, ZJLD down 7.30%, HUAYUEXPRESSWAY up 4.00%, CHINA RES BEER down 3.74%, BUD APAC down 2.91%, DYNASTY WINES up 2.35%, and TSINGTAO BREW down 0.28%.
Dining stocks generally fell, with HELENS down 4.66%, SUPER HI down 4.15%, YUM CHINA down 3.11%, NAIXUE TEA down 2.99%, HAIDILAO down 2.61%, JIUMAOJIU down 1.58%, DPC DASH down 1.42%, and SMALL GARDEN down 0.22%.
Property Services and Management stocks weakened, with GREENTOWN SER down 3.90%, SUNAC SERVICES down 2.53%, CHINA RES MIXC down 2.31%, CHINA OVS PPT down 1.99%, GREENTOWN MGMT down 1.87%, CG SERVICES down 1.72%, and POLY PPT SER down 1.04%.
Digital Health stocks showed mixed results, with JD HEALTH up 2.82%, DINGDANG HEALTH down 2.11%, PA GOODDOCTOR up 1.13%, and ZA ONLINE down 0.18%.
Nonprofit Pharmaceutical Companies mostly rose, with HBM HOLDINGS-B up 16.83%, ASCLETIS-B up 9.55%, HEALTH CARE B up 8.45%, and EVEREST MED-B up 9.1%.
The Golden Industrial Concept has mixed gains and losses, with LINGBAO GOLD down 3.71%, CHI SILVER GP up 1.63%, Zijin Mining Group down 1.24%, PERSISTENCE RES down 1.16%, TONGGUAN GOLD down 1.05%, SD GOLD down 0.59%, CHINAGOLDINTL down 0.46%, and ZHAOJIN MINING up 0.35%.
In terms of individual stocks,$JS GLOBAL LIFE (01691.HK)$ Small Appliances rose by 14.84%, peaking at nearly 40% during trading, likely benefiting from WeChat gifting.
$UBTECH ROBOTICS (09880.HK)$ It rose by 10.58%, with several Executive Directors jointly announcing a commitment to a sales ban.
$MEDBOT-B (02252.HK)$It rose by 7.5%, with a Bullish outlook for medical instruments, as the company completed a new round of placements earlier.
$EAST BUY (01797.HK)$Closed down 6.56%, the company quickly responded to the new features of WeChat Mini Store, Citigroup stated that sentiment may return to normal after the holiday.
$BOYAA (00434.HK)$Closed up 12.47%, Bitcoin is approaching the 0.1 million mark again, the company holds about 3,183 Bitcoins.
$ADICON HOLDINGS (09860.HK)$ Up 4.53%, with the high incidence of avian flu infections, institutions claim the domestic ICL industry is expected to develop rapidly.
$DALIPAL HLDG (01921.HK)$Closed up 3.2%, hitting a historic high during the trading session, the company continues to expand its market in the Middle East.
$ASCLETIS-B (01672.HK)$Increased by 9.55%, with the stock price increasing by 1.2 times in the past month, the company is actively laying out in the MASH and weight loss sectors.
Today's transaction volume TOP10
Hong Kong Stock Connect funds
Regarding the Stock Connect, there was a net inflow of 5.123 billion Hong Kong dollars today.
Institutional perspective
China International Bank: Raises the Target Price of Geely Autos to 21 Hong Kong dollars as the Galaxy product strength accelerates realization.
BOCI published a report stating that it expects $GEELY AUTO (00175.HK)$ In 2025, both new energy sales and profits are expected to continue to maintain strong growth.
The bank raised the sales forecast for 2025 and 2026 to 2.8 million and 3.13 million vehicles, mainly considering the higher sales forecast for Geely Galaxy, expecting Galaxy sales to achieve more than double growth in 2025; correspondingly, the net profit forecast was raised by 13 to 18% to 13.1 billion yuan and 15.1 billion yuan, reaffirming Geely's "Buy" rating, with the target price raised to 21 Hong Kong dollars.
Morgan Stanley: Hong Kong banks and Singapore banks have strong cash-generating capabilities and still possess defensiveness.
Morgan Stanley published a report stating that Hong Kong banks and Singapore banks benefited from rising interest rates and performed well, but the interest rate cycle has turned, and it is expected that future non-banking business, especially wealth management, will support the return on equity.
The bank believes that Hong Kong banks and Singapore banks have strong cash-generating capabilities, thus still possessing defensiveness. Among Hong Kong banks, the bank prefers $STANCHART (02888.HK)$ , and further lowers $HANG SENG BANK (00011.HK)$ The rating has been downgraded from 'In line with the market' to 'Shareholding', with the target price for HANG SENG BANK decreased from 97.1 HKD to 93 HKD. The bank's view on $HSBC HOLDINGS (00005.HK)$ The target price was raised from 76.8 HKD to 84.6 HKD, maintaining an 'Increase Holdings' rating.
CITIC Securities: The new round of trade-in policies has been implemented, Bullish on the recovery of home and 3C consumer sectors.
CICC published a report stating that the new round of trade-in policies in mainland China has been implemented. It is believed that the expansion of policy intensity and subsidy scope is expected to further stimulate consumption demand in related categories. Meanwhile, the improvement of the subsidy mechanism will lower the threshold for corporate participation, and the coverage of the policy is expected to further increase, driving a continuous recovery in demand for home decoration and Consumer Electronics packaging.
In the Hong Kong stock market, recommend $MAN WAH HLDGS (01999.HK)$ The rating is "Outperform the Industry", with a target price of 7 Hong Kong dollars.
Editor/danial
