Editor's Note:This Week's Bullish Stocks in Hong Kong and the USThis section closely follows market trends every week, reviews the weekly performance of the Hong Kong and US stock markets, and helps mooers sort out the hot sectors, strong individual stocks, and major news of the week, looking for investment themes with profit potential.
The Hong Kong stock market has overall performed poorly this week, with the Hang Seng Index oscillating downwards. As of Friday's close, the Hang Seng Index has fallen 3.52% to 19064.29 points; during the same period, the Hang Seng TECH Index has dropped 3.23% to 4260.82 points; the Hang Seng China Enterprises Index has decreased 3.65% to 6898.15 points.
However, HSBC strategists pointed out that the Hang Seng China Enterprises Index could rise by 21% by 2025, and they have raised the end-of-year valuation for this Index from the previously predicted 8,610 points to 8,800 points. They also upgraded the rating for the Hong Kong market from neutral to overweight.
This week, new stocks and recent IPOs performed exceptionally well, with the top gainer on the Hong Kong stock market being "China's version of Lego."$BLOKS (00325.HK)$It saw a surge of over 40% on its debut Friday; the second top gainer was the recent IPO "Digital Health Medical Services Platform."$HEALTHYWAY INC (02587.HK)$The weekly gain exceeded 26%, doubling from the offer price of 7.8 Hong Kong dollars; Recent IPOs are manufacturers of hydrogen storage and transportation equipment.$GUOFUHEE (02582.HK)$This week, the increase is nearly 15%, accumulating an increase of nearly 50% since the listing.
According to public information, Blokoo mainly produces building block toys, holding multiple Licensed Intellectual Property (IP) rights including 'Ultraman', and is referred to as the 'Chinese version of Lego'. In 2023, the company’s GMV (Gross Merchandise Volume) reached 1.8 billion yuan, accounting for 30.3% of China's building block character toy market share. The highest opening day increase exceeded 80%, with a final closing gain of 40.85%.
Health Road is a digital health medical service platform operating in China. According to Frost & Sullivan's data, based on the number of registered individual users on the platform as of December 31, 2023, the company is the fourth largest digital health medical service platform. Based on revenue in 2023, Health Road is also the fifth largest digital health medical service platform, with a market share of less than 5%.
Sinolink points out that 2024 is a preparatory year for the hydrogen energy industry. Driven by policy promotion, demonstration effects, and industrial cost reduction, next year will see a volume increase, driving the industry towards commercialization. Based on the national targets from 2025, the gap for green hydrogen projects is 0.09-0.1 million tons (with a reserve of 0.11 million tons), and the gap for fuel cell vehicles is 0.025 million units (with a reserve of 0.025 million units). Both green hydrogen projects and fuel cell vehicles are expected to see explosive growth starting from doubling the current figures.
Datacenter service provider.$GDS-SW (09698.HK)$Weekly increase of over 20%, cumulative increase of nearly 50% in the past three weeks, with the national data infrastructure layout construction expected to accelerate.
In the news, the National Development and Reform Commission and two other departments issued the 'National Data Infrastructure Construction Guidelines.' It states that by 2029, the national data infrastructure construction and operational mechanism will be fundamentally established. Huaxi pointed out that with the increase in demand for AI computing power and the focus of operators and Internet Plus-Related Capex on Datacenter, along with national policies promoting the strengthening of computing power cluster layout, the data centers of large and super-large computing hub nodes are expected to accelerate construction and integration, with related beneficiary companies including GDS Holdings.
$J&T EXPRESS-W (01519.HK)$Weekly increase of over 15%, the company achieved a year-on-year growth of 31% in package volume for the entire year, with impressive growth in the Southeast Asia market.
In terms of news, J&T EXPRESS recently announced its key Company Business Data for the fourth quarter and the entire year of 2024. In the fourth quarter of 2024, the company achieved a total package volume of 7.39 billion, a year-on-year increase of 32.5%, with an average daily package volume of 80.3 million. For the entire year of 2024, the company achieved a total package volume of 24.65 billion, a year-on-year increase of 31%, with an average daily package volume of 67.3 million, a year-on-year increase of 30.7%.
In the Chinese market, in the fourth quarter of 2024, a package volume of 5.91 billion was achieved, a year-on-year increase of 27.4%; for the entire year, a package volume of 19.8 billion was achieved, a year-on-year increase of 29.1%. In Southeast Asia, J&T achieved a package volume of 1.4 billion in the fourth quarter of 2024, a year-on-year increase of 62.5%; for the entire year, a package volume of 4.56 billion was achieved, a year-on-year increase of 40.8%, far exceeding market expectations for Industry package volumes.
On the other hand, the following stocks performed weakly this week:
Editor/ping
