Futu News reported on April 8 that the three major indices of Hong Kong stocks all rose, $Hang Seng Index (800000.HK)$ up 1.51%, $Hang Seng TECH Index (800700.HK)$ up 3.79%, $Hang Seng China Enterprises Index (800100.HK)$ up 2.31%.

As of the close, 1,527 stocks in Hong Kong rose, 637 fell, and 967 remained unchanged.

The specific industry performance is shown in the picture below:

In terms of sectors, Network Technology stocks saw a general rise, with JD-SW up 8.86%, NTES-S up 7.47%, XIAOMI-W up 6.72%, MEITUAN-W up 4.69%, Baidu Group-SW up 4.11%, Alibaba-W up 1.18%, TENCENT up 1.15%, and KUAISHOU-W up 0.88%.

Building Materials stocks increased, with Huaxin Cement up 10.23%, CHINA LESSO up 9.38%, CONCH CEMENT up 7.43%, WESTCHINACEMENT up 5.60%, CNBM up 5.14%, CR BLDG MAT TEC up 4.94%, BBMG Corporation up 3.13%, and GUIXIN GROUP up 1.71%.

Hong Kong Retail Stocks strengthened, with CHOW TAI FOOK up 9.08%, SA SA INT'L down 6.45%, SAMSONITE up 4.73%, BONJOUR HOLD up 3.77%, PRADA up 3.36%, CHOW SANG SANG up 1.98%, GIORDANO INT'L up 0.77%, and LUK FOOK HOLD up 0.56%.

Semiconductor stocks rose, with InnoCare Pharma up 12.70%, HG SEMI up 10.00%, CE HUADA TECH up 9.24%, HUA HONG SEMI up 6.02%, SHANGHAI FUDAN up 5.52%, BEKE MICRO up 4.67%, SOLOMON SYSTECH up 4.23%, and Semiconductor Manufacturing International Corporation up 3.85%.

Alcoholic Beverages stocks increased uniformly, with GRACEWINE up 16.23%, ZJLD up 7.79%, TSINGTAO BREW up 6.00%, TIBET WATER up 5.17%, CHINA RES BEER up 4.67%, PALINDA GROUP down 3.13%, and BUD APAC up 2.98%.

Automobile stocks strengthened, with LEAPMOTOR up 12.56%, NIO-SW up 5.51%, BYD Company up 4.82%, Geely Automobile up 4.02%, Xpeng Motors-W up 3.62%, YADEA up 3.60%, Great Wall Motor up 1.60%, and LI AUTO-W up 1.37%.

In terms of individual stocks,$TONGCHENGTRAVEL (00780.HK)$Up more than 9%, the travel peak season is gradually starting, and the company's core OTA profitability is improving.

$CHINA UNICOM (00762.HK)$Up more than 4%, the strategic layout of CNI Data Factor Index is deepening continuously, and operators' massive high-quality data resources may bring monetization value.

$ZHAOJIN MINING (01818.HK)$Up more than 6%, Goldman Sachs maintains the year-end gold price forecast to break 3,300 USD.

$BYD COMPANY (01211.HK)$Up nearly 5%, the net profit in the first quarter is expected to increase by up to 118.88% year-on-year.

$CTIHK (06055.HK)$Increased by 6%, signed an indefinite framework agreement with Mengkun Company, expected to expand the supply of duty-free cigarettes.

Top 10 transaction amounts today.

Hong Kong Stock Connect funds.

Regarding the Stock Connect, the net inflow for today in the Hong Kong Stock Connect (southbound) is 23.634 billion Hong Kong dollars.

Institutional Views

• Citi: Lao Pu Gold faces competitive pressures in the future, and the stock price may fluctuate after the lock-up period.

Citi published a research report stating that $LAOPU GOLD (06181.HK)$ Last year's performance grew strongly, mainly due to brand influence, an increase in premium stores, and its traditional Gold products. The company plans to increase the productivity of each store to 1 billion yuan in the face of rising market competition. It is indicated that the company might see stock price fluctuations after the shareholders' lock-up period due to future competitive pressures.

• China International Capital Corporation: Maintain 'Outperform Industry' rating for HKEX, expecting first-quarter profits to grow 36% year-on-year.

China International Capital Corporation issued a report stating, $HKEX (00388.HK)$ Plans to disclose first-quarter results on April 30, expecting revenues to increase 31% year-on-year to 6.83 billion HKD. After excluding investment income and miscellaneous income, fee-based business revenue is expected to grow 47% year-on-year to 5.65 billion HKD, and profit is expected to grow 36% year-on-year to 4.05 billion HKD. It is expected that the average daily turnover of Hong Kong stocks in the first quarter will grow 144% year-on-year and 30% quarter-on-quarter to 242.7 billion HKD, among which the southbound average daily turnover will grow 255% year-on-year and 41% quarter-on-quarter to 109.9 billion HKD, contributing significantly to the 7 percentage points year-on-year growth in Hong Kong stocks to 23%. China International Capital Corporation basically maintains the profit forecast for HKEX, with a target price of 435 HKD and 'Outperform Industry' rating.

• Morgan Stanley: Maintain 'Overweight' rating for Alibaba, optimistic that the company will be a major beneficiary of AI.

Morgan Stanley's research report indicates expectations. $Alibaba (BABA.US)$ In the fourth quarter of the 2025 fiscal year, the growth of customer management revenue will continue to outperform the growth in transaction volume, with cloud revenue accelerating to 18%. The bank expects the group's adjusted EBITDA to increase by 28%, mainly due to robust growth in customer management revenue, cloud gross margin outperforming expectations, and a continued reduction in losses. The bank anticipates that the performance in the 2025 fiscal year is likely to enhance shareholder returns. The bank maintains its "Shareholding" rating on Alibaba with a target price of $180, equivalent to a forecasted PE of 16 times for the 2027 fiscal year, and believes that the company will continue to be a major beneficiary of AI.

Editor/danial