Futu News reported on March 19 that the three major indices of the Hong Kong stock market experienced mixed results, $Hang Seng Index (800000.HK)$ Up by 0.12%. $Hang Seng TECH Index (800700.HK)$ Down 1.05%, $Hang Seng China Enterprises Index (800100.HK)$ Down 0.15%.
As of the market close, 961 stocks in Hong Kong rose, 1,094 fell, and 1,064 remained flat.
The specific industry performance is shown in the picture below:
In terms of sectors, most Network Technology stocks fell, with Baidu-SW down by 3.97%, Alibaba-W down by 1.60%, SenseTime-W up by 1.16%, JD-SW down by 0.96%, Xiaomi-W up by 0.95%, Kuaishou-W down by 0.90%, Meituan-W down by 0.79%, and TENCENT down by 0.18%.
Robot Concept stocks continued to rise, with Siasun Robot&Automation up over 6%, COWELL up over 7%, and Horizon Robotics up over 4%.
Alcoholic Beverages stocks mostly increased, with BUD APAC up by 6.45%, CHINA RES BEER up by 5.44%, and TSINGTAO BREW up by 3.04%.
Sporting Goods stocks weakened, with ANTA SPORTS down by 3.93%, YUE YUEN IND down by 3.16%, XTEP INT'L down by 2.46%, LI NING down by 1.25%, 361 DEGREES down by 1.02%, HONMAGOLF down by 0.30%, and TOPSPORTS down by 0.26%.
Lithium Battery stocks rose, with LEOCH INT'L up by 6.04%, BYD Electronic down by 3.92%, BYD Co. up by 3.89%, TIANNENG POWER down by 2.82%, GANFENGLITHIUM up by 0.84%, CHINA AEROSPACE up by 0.82%, and Tianqi Lithium Corporation up by 0.76%.
Photovoltaic Power stocks mostly fell, with FUYAO GLASS down by 4.17%, XINTE ENERGY up by 1.86%, XINYI SOLAR down by 1.15%, GCL TECH down by 0.89%, FLAT GLASS down by 0.64%, and XINYI GLASS down by 0.60%.
Auto stocks showed mixed results, with XIAOMI-W down by 5.84%, BYD Co. up by 3.89%, LI Auto-W down by 3.12%, NIO-SW down by 1.09%, LEAPMOTOR down by 0.80%, and Great Wall Motor down by 0.25%.
In terms of individual stocks,$HORIZONROBOT-W (09660.HK)$Up over 4%, full year results will be announced this Friday, Credit Lyonnais expects several short-term catalysts.
$LAOPU GOLD (06181.HK)$Up over 3%, the company will release results at the end of this month, the profit alert predicts a growth of up to 2.6 times in net profit for the year.
$BYD COMPANY (01211.HK)$Up nearly 4%, hitting a new high at one point, the company released its "megawatt fast charge" technology, institutions expect strong growth for the company this year.
$DOBOT (02432.HK)$Increased by over 6%, the stock price reached a new high. The company launched an affordable humanoid robot yesterday and has recently been included in the Stock Connect list.
$MIXUE GROUP (02097.HK)$Increased by over 5%, once setting a new high since listing, with a Market Cap exceeding 170 billion Hong Kong dollars. Institutions claim the company is expected to enjoy a valuation premium.
$MAO GEPING (01318.HK)$Increased by over 7%, the inclusion in the Stock Connect is expected to unlock valuation potential, as the company is a rare high-end domestic brand.
$XIAOCAIYUAN (00999.HK)$Increased by nearly 7%, briefly reaching a new high, institutions state that the company's earnings resilience has been validated.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
In terms of Stock Connect, today the net inflow of Southbound Stock Connect is 11.785 billion Hong Kong dollars.
Institutional Views
CICC: Raised the Target Price of Q TECH to 8.95 Hong Kong dollars, and updated profit forecasts for this year and next year.
China International Capital Corporation published a research report indicating that $Q TECH (01478.HK)$ Last year's performance met market expectations, with an increase in annual shipments, improvement in product structure and profitability, driving better annual performance. Anticipating a continuous improvement in its profitability, CICC predicts that the gross margins for Q TECH's mobile camera modules (CCM) and under-display fingerprint recognition modules (FPM) will continue to rise, subsequently raising the company's profit forecasts for the next two years by 25% and 17%, expected to reach 0.489 billion and 0.603 billion yuan, with the Target Price raised by 39% to 8.95 Hong Kong dollars, maintaining an "outperform" rating.
Morgan Stanley: Raised the Target Price of CHINA RES BEER to 34 Hong Kong dollars, with beer premiumization still being a major driver.
Morgan Stanley released a report indicating, $CHINA RES BEER (00291.HK)$The positive sales growth and gross margin expansion in the first two months of this year have made management more optimistic about further business improvement this year. The report states that the premiumization of Beer remains a major driver, combined with increased focus on operational efficiency, which will contribute to good profit growth this year. The report believes that the key points in the coming months will be the pace of demand recovery and changes in competition within the Industry. The report maintains a 'Shareholding' rating, with the Target Price raised from HKD 30 to HKD 34, anticipating an 8% growth in operating profit this year, with earnings per share projected at HKD 1.64, 1.85, and 2.05 for this year and up to 2027.
Citi: raises the Target Price for LEAPMOTOR to HKD 74.2, raising sales and profit forecasts.
Citi issued a research report predicting $LEAPMOTOR (09863.HK)$The gross margin is expected to be around 10% in the first quarter this year, likely exceeding market expectations; sales are expected to reach 0.09 million units, slightly better than market expectations. For the second quarter, Citi expects LEAPMOTOR's sales to increase to 0.11 million units and rise to between 0.3 million and 0.4 million units in the second half of the year, as production of most new products is expected to ramp up starting in the second quarter. The report anticipates that the group will launch six new and refreshed models this year, with five new models expected to be launched next year. Citi raised the sales forecast for LEAPMOTOR for 2026 and 2027 to 1.05 million and 1.25 million units, with slightly boosted net profit forecasts of 1 to 5%, reaching HKD 0.993 billion, 3.29 billion, and 4.64 billion yuan, respectively. The report raised the group's Target Price from HKD 50.1 to HKD 74.2, maintaining a 'Buy' rating.
Editor/danial
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Comment(0)
Reason For Report