Futu News reported on March 14 that the three major indices of the Hong Kong stock market staged a strong counterattack, $Hang Seng Index (800000.HK)$ rising by 2.12%, $Hang Seng TECH Index (800700.HK)$ rising by 2.31%, $Hang Seng China Enterprises Index (800100.HK)$ up 2.75%.

By the close, 1,394 stocks in Hong Kong rose, 738 fell, and 976 remained flat.

The specific industry performance is shown in the picture below:

In terms of sectors, Network Technology stocks rose, with MEITUAN-W up 5.41%, JD-SW up 5.34%, Alibaba-W up 3.27%, TENCENT up 2.76%, KUAISHOU-W up 2.53%, Baidu Group-SW up 2.46%, Bilibili-W up 1.90%, and XIAOMI-W up 1.89%.

Infants-Related concept stocks expanded their gains late in the session, with JXR up 41.67%, GOODBABY INTL up 25.47%, and CHINA FEIHE up 15.68%.

Lithium Battery stocks all rose, with BYD COMPANY up 6.93%, LEOCH INT'L up 5.45%, CREAT GROUP up 3.80%, GANFENGLITHIUM up 2.71%, BYD ELECTRONICS up 2.14%, TIANNENG POWER up 2.06%, and Tianqi Lithium Corporation up 1.98%.

Golden Industrial Concept stocks all rose, with TONGGUAN GOLD down 14.61%, CHINAGOLDINTL up 8.06%, SD GOLD up 5.46%, ZHAOJIN MINING up 5.34%, LINGBAO GOLD (one thousand) up 5.24%, Zijin Mining Group up 4.91%, PERSISTENCE RES up 3.66%, and CHI SILVER GP up 2.56%.

Alcoholic Beverages stocks were up, with PALINDA GROUP down 6.74%, CHINA RES BEER up 5.46%, BUD APAC up 4.98%, DYNASTY WINES up 4.92%, TSINGTAO BREW up 4.61%, and ZJLD up 3.61%.

Sporting Goods stocks generally rose, with POU SHENG INT'L up 7.02%, LI NING up 6.38%, ANTA SPORTS up 5.32%, 361 DEGREES up 5.12%, XTEP INT'L up 4.52%, CHINA DONGXIANG up 3.61%, and YUE YUEN IND up 1.84%.

Biotechnology stocks performed well, with JXR up 41.67%, WUXI BIO up 14.38%, WUXI XDC up 10.84%, WUXI APPTEC up 5.13%, GIANT BIOTECH up 1.72%, AKESO up 1.69%, and BEIGENE up 0.94%.

In terms of individual stocks,$BYD COMPANY (01211.HK)$An increase of nearly 7%, a Super e-platform technology launch event and the pre-sale launch conference for Han L and Tang L will be held next Monday.

$TENCENT (00700.HK)$An increase of nearly 3%, announced participation in the 2025 Game Developers Conference, with WeTest making an appearance at the event.

$POP MART (09992.HK)$Another increase of nearly 3%, recently authorized by Mattel to launch the Barbie doll series, with Morgan Stanley expecting the company's Q1 sales to double.

$MICROPORT NEURO (02172.HK)$Increased by over 14%, JPMorgan is optimistic that MICROPORT will turn a profit in 2026.

$JXR (01951.HK)$Increased by over 41%, the national fertility subsidy policy is expected to be implemented, and the company is the leading private player in the Assisted Reproduction industry.

$BEKE-W (02423.HK)$Increased by over 8%, the company has been included in the Hong Kong Stock Connect, and Citigroup expects its last quarter performance to slightly exceed expectations.

$CTG DUTY-FREE (01880.HK)$Increased by over 4%, consumption-boosting policies are expected to be implemented, and the target for Hainan Province is an 11% increase in duty-free sales by 2025.

Top 10 transaction amounts today.

Hong Kong Stock Connect funds.

In terms of Stock Connect, the net inflow of Hong Kong Stock Connect (Southbound) today is 4.346 billion HKD.

Institutional Views

• Citi: SAMSONITE's revenue last season was roughly in line with expectations, and adjusted Net income exceeded expectations.

Citi published a report stating that $SAMSONITE (01910.HK)$Last season's revenue was roughly in line with expectations, and performance across all regions and core brands showed signs of improvement. However, due to ongoing macro uncertainties, the group expects first-quarter revenue to decline year-on-year to the mid-single digits, with some improvement for the remainder of the year. Citi stated that SAMSONITE's adjusted Net income increased by 21% year-on-year to 0.116 billion USD, surpassing expectations. The total shareholder return last year reached 0.308 billion USD, including 0.158 billion USD in share buybacks and 0.15 billion USD in cash dividends, with the full-year payout ratio increasing from 37.8% in 2023 to 43.4%.

• UBS: Slightly raised the target price for BOC AVIATION to 76.2 HKD, with last year's dividends exceeding expectations.

UBS Group issued a Research Report stating that $BOC AVIATION (02588.HK)$For the fiscal year 2024, the adjusted core net income increased by 16% year-on-year, significantly exceeding the expected growth of 3% by the bank, mainly due to financial expenses being lower than expected and good performance in finance lease income. UBS mentioned that BOC Aviation announced a dividend per share of $0.27, based on a 35% payout ratio for the year, which is higher than expected, bringing the annual dividend per share to $0.47, indicating a dividend yield of 5.9%. The bank expects that the market will react positively to BOC Aviation's unexpected dividend performance, while the slowdown in operating lease income growth seems widely anticipated.

• CICC: Raised the target price for 361 DEGREES to HKD 5.62, and raised earnings estimates per share for 2025 and 2026.

China International Capital Corporation published a research report indicating that $361 DEGREES (01361.HK)$ Last year's revenue increased by 20% year-on-year, and net profit rose by 19%, outperforming the bank's expectations. The bank raised the group's earnings estimates per share for 2025 and 2026 by 5%, to HKD 0.64 and HKD 0.72 respectively, and raised the target price by 8% to HKD 5.62, maintaining an "Outperform" rating.

Editor/danial