Futu News reported on March 24 that the three major Hong Kong stock indices all rose. $Hang Seng Index (800000.HK)$ up 0.91%, $Hang Seng TECH Index (800700.HK)$Increased by 1.72%, $Hang Seng China Enterprises Index (800100.HK)$Up 1.24%.
As of the close, 1,062 stocks rose in the Hong Kong market, 1,010 fell, and 1,054 remained flat.
The specific industry performance is shown in the picture below:
In terms of sectors, most Network Technology stocks rose, with XIAOMI-W up 4.20%, NTES-S up 3.09%, Baidu Group-SW up 2.30%, JD-SW up 2.27%, Alibaba-W up 1.61%, MEITUAN-W down 1.13%, KUAISHOU-W down 0.67%, and TENCENT up 0.29%.
Home Appliances stocks were strong throughout the day, with HISENSE HA up over 6%, HAIER SMARTHOME up over 6%, TCL ELECTRONICS up over 13%, and Midea Group Co., Ltd up over 3%.
Nonferrous Metals stocks generally rose, with CMOC Group Limited up 9.27%, JIANGXI COPPER up 5.47%, Zijin Mining Group up 4.98%, Aluminum Corporation Of China up 2.73%, CHINAHONGQIAO up 2.39%, SD GOLD up 1.37%, GANFENGLITHIUM up 0.90%, and ZHAOJIN MINING down 0.40%.
Golden Industrial Concept stocks were mixed, with Zijin Mining Group up 4.98%, PERSISTENCE RES down 3.61%, CHINAGOLDINTL down 3.45%, CHI SILVER GP down 3.45%, TONGGUAN GOLD down 2.47%, SD GOLD up 1.37%, and ZHAOJIN MINING down 0.40%.
Auto stocks exhibited mixed results, with LEAPMOTOR rising 4.76%, BRILLIANCE CHI falling 4.01%, LI AUTO-W increasing 3.85%, NIO-SW decreasing 3.34%, XIAOMI-W climbing 3.29%, BYD Company rising 3.01%, Geely Auto up 2.67%, and Great Wall Motor increasing 1.81%.
The shipping and port stocks mostly rose, with COSCO Shipping Holdings up 5.01%, DEXIN Marine Transportation up 3.91%, CHINA MER PORT up 2.61%, OOIL up 2.44%, PACIFIC BASIN up 2.34%, SITC up 1.32%, and COSCO SHIP PORT up 1.26%.
Building Materials stocks had mixed performance, with GUIXIN GROUP rising 6.04%, CONCH CEMENT falling 4.24%, CNBM decreasing 1.71%, CHINA LESSO increasing 1.42%, WESTCHINACEMENT falling 1.35%, Huaxin Cement down 1.20%, and CR BLDG MAT TEC declining 1.08%.
In terms of individual stocks,$LEAPMOTOR (09863.HK)$Rising nearly 5%, achieved positive Net income in the fourth quarter of last year, Institutions are bullish on the rapid rollout of the B10 Lidar model.
$DOBOT (02432.HK)$Rising over 6%, will disclose annual performance today, the "high cost-performance" Siasun Robot&Automation was recently released for pre-sale.
$BATELAB (02149.HK)$Increased by more than 14%, continuing to reach new highs, with last year's net income rising by 52% year-on-year, as the company continues to focus on industrial-grade Analog Chips.
$TONGCHENGTRAVEL (00780.HK)$Increased by more than 3%, the company's core OTA growth and profit improvement continue, with Institutions expecting AI to assist in the development of diverse Businesses.
$COSCO SHIP HOLD (01919.HK)$Increased by more than 5%, with the annual net profit nearly increasing by 106% year-on-year, the company's A+H repurchase amount has exceeded 3.5 billion yuan.
$VSTECS (00856.HK)$Increased by nearly 15%, with last year's net profit growing by 14.1% year-on-year, and significant growth in AI and Cloud Computing businesses.
$EVEREST MED-B (01952.HK)$ Rising nearly 4%, with a cumulative increase of over 43% in March, the general-purpose tumor vaccine EVM14 has been approved for clinical trials by the FDA in the USA.
$HBM HOLDINGS-B (02142.HK)$ Rising over 5%, along with$AstraZeneca (AZN.US)$reached a Global Strategy partnership, issuing shares at a premium to raise 0.105 billion USD.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
Regarding the Hong Kong Stock Connect, today there was a net inflow of 2.532 billion HKD.
Institutional Views
Morgan Stanley: Raised the Target Price of Angel Yeast to 74 HKD, raised revenue forecasts for 2025 to 2027.
Morgan Stanley issued a report indicating that, $ANGELALIGN (06699.HK)$ after adjusting the model following the 2024 performance, revenue forecasts for 2025 to 2027 have been raised by 5%, 7%, and 8% respectively to reflect higher growth in overseas business. The bank raised its target price from 72 HKD to 74 HKD, with a rating of 'in line with the market'.
Deutsche Bank: Raised the Target Price of FUYAO GLASS to 72 HKD, raised this year's net profit forecast.
Deutsche Bank issued a research report indicating that, $FUYAO GLASS (03606.HK)$ Last year's performance met expectations, with Net income rising by 33.2% year-on-year to 7.5 billion yuan, reaching a historic high. The company expects its average selling price guidance to increase by 6% to 7% year-on-year this year, mainly due to an improved product mix and a higher share of high-value Glass products. The bank also expects this year's raw material and marine transportation costs to be lower, therefore forecasting good growth in profits for this year. The bank has raised its Net income forecast for this year by 4.6%, increasing the Target Price from 71 HKD to 72 HKD, maintaining a 'Buy' rating.
Citi: Raised the Target Price for CR BLDG MAT TEC to 2.4 HKD, maintaining a 'Buy' rating.
Citi published a research report believing that the mainland government has adopted a more supportive attitude toward price increases in some key areas and also believes that cement companies have reached a consensus to actively manage supply to meet demand. The bank stated, $CR BLDG MAT TEC (01313.HK)$ Management's target is to reduce unit costs by 3 to 5 yuan this year, which is expected to help increase profit margins and raise prices. The bank raised its Net income forecasts for the company for this year and next year by 13% each, while increasing its Target Price from 2 HKD to 2.4 HKD, maintaining a 'Buy' rating.
Editor/danial
