Futu News, April 15, reports that the three major indices in the Hong Kong stock market have varied performance, $Hang Seng Index (800000.HK)$ Increased by 0.23%, $Hang Seng TECH Index (800700.HK)$ down 0.67%, $Hang Seng China Enterprises Index (800100.HK)$ Increased by 0.21%.
As of the market close, 938 Hong Kong stocks rose, 1052 fell, and 1141 closed flat.
The specific industry performance is shown in the picture below:
In terms of sectors, most Network Technology stocks increased; KUAISHOU-W rose by 1.69%, Alibaba-W rose by 1.57%, NTES-S fell by 1.42%, MEITUAN-W rose by 0.62%, TENCENT rose by 0.44%, XIAOMI-W fell by 0.23%, JD-SW fell by 0.07%, and Baidu Group-SW rose by 0.06%.
Home Appliances stocks performed brightly; HISENSE HA rose over 6%, Midea Group Co., Ltd rose over 2%, and TCL ELECTRONICS rose nearly 1%.
Semiconductor stocks declined; INNODATA fell by 5.24%, SHANGHAI FUDAN fell by 5.17%, Semiconductor Manufacturing International Corporation fell by 4.53%, HUA HONG SEMI fell by 3.20%, HG SEMI fell by 1.96%, CE HUADA TECH fell by 0.69%, and BECKER MICRO fell by 0.58%.
Apple Supplier stocks declined; AAC TECH fell by 5.46%, Q TECH fell by 2.88%, SUNNY OPTICAL fell by 2.36%, BYD ELECTRONICS fell by 2.21%, FIH fell by 1.35%, COWELL fell by 1.18%, VSTECS rose by 0.71%, and TK GROUP HLDG fell by 0.52%.
Most Hong Kong Retail Stocks fell; MILAN STATION rose by 6.60%, PRADA fell by 4.18%, LUK FOOK HOLD rose by 2.68%, SA SA INT'L fell by 1.67%, SAMSONITE fell by 1.29%, CHOW TAI FOOK fell by 1.16%, GIORDANO INT'L rose by 0.75%, and CHOW SANG SANG fell by 0.58%.
Most Casinos and Gaming stocks fell; GALAXY ENT fell by 3.57%, SJM HOLDINGS fell by 2.31%, MELCO INT'L DEV fell by 2.24%, SANDS CHINA LTD fell by 1.94%, WYNN MACAU fell by 1.40%, MGM CHINA fell by 1.25%, PARADISE PALACE fell by 0.65%, and NAGACORP fell by 0.63%.
Sporting Goods stocks showed mixed results; CHINA DONGXIANG fell by 2.82%, ANTA SPORTS rose by 2.39%, POU SHENG INT'L fell by 2.02%, YUE YUEN IND fell by 0.88%, 361 DEGREES fell by 0.70%, LI NING fell by 0.65%, and XTEP INT'L fell by 0.62%.
In terms of individual stocks,$NETEASE MUSIC (09899.HK)$Up nearly 4%, the music streaming platform is a high-quality Internet asset related to domestic demand, and its profit release potential may be underestimated.
$ANTA SPORTS (02020.HK)$Up over 2%, each brand achieved good revenue growth in Q1, planning to acquire Wolf Paw to improve the brand matrix.
$CKLIFE SCIENCES (00775.HK)$Up over 11%, the company expects that the commercialization of the TROP2 cancer vaccine could bring significant potential economic benefits.
$BLOKS (00325.HK)$Increased by nearly 3%, the country's first maternal and infant government consumption voucher has been implemented in Jiangxi, and the toy sector is expected to benefit from improvements in fertility.
$WL DELICIOUS (09985.HK)$Increased by over 6% to reach a new high, the consumption of categories like konjac is quite high, and the company's profitability is expected to continue to be released.
$DUALITYBIO-B (09606.HK)$ On the first day of listing, it rose nearly 117%, once increasing by over 130%, with a profit exceeding 12,000 Hong Kong dollars for a single lot, and a total market value exceeding 17 billion Hong Kong dollars.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
In terms of Stock Connect, there was a net inflow of 7.203 billion Hong Kong dollars today in the northbound section.
Institutional Views
UBS Group: Raised the target price for Baidu to HKD 120, expecting strong growth in cloud business revenue in the first quarter.
UBS Group published a report indicating that $BIDU-SW (09888.HK)$ the performance in the first quarter of 2025 is expected to meet market expectations, with core revenue being roughly flat year-on-year. Regarding cloud business, UBS Group is encouraged by the growth in demand for Model as a Service (MaaS), which includes large models like Wenxin and third-party models such as DeepSeek, which also boosts cross-selling in its traditional cloud infrastructure business. This will support cloud business revenue to maintain strong year-on-year growth of over 20% in the first quarter of 2025 (compared to a growth of 16% in 2024), and this momentum is expected to continue throughout the year.
Morgan Stanley: Lowered CATHAY PAC AIR's Target Price to HKD 10, focusing on the impact of the tariff war.
Morgan Stanley lowered $CATHAY PAC AIR (00293.HK)$ The target price is set at 13.8%, lowered from HKD 11.6 to HKD 10, maintaining a "Market Perform" rating. The most bullish and bearish target prices have also been reduced to HKD 13.9 and HKD 6.5, with decreases of 8% and 11% respectively.
Morgan Stanley has also lowered the profit forecasts for Cathay Pacific for the next two years by 1.4% and 8% respectively, reflecting a downward adjustment in freight business profitability expectations. There has not been a significant reduction in earnings estimates due to the group's pricing power in the Hong Kong market and benefiting from falling fuel prices. It is expected that capital expenditures will be low this year, keeping free cash flow healthy. However, freight and passenger profit faces downside risks, especially on North American routes. If China-US trade is severely affected by tariff issues, it will significantly impact trade volume, further weakening demand for freight and passenger traffic.
Bank of America: Reaffirms the "Buy" rating for POP MART, indicating it has high certainty and defensiveness amid market fluctuations.
Bank of America released a report, reaffirming the "Buy" rating. $POP MART (09992.HK)$ The target price is set at HKD 200, believing that the impact of the tariff war is limited due to the company's strong pricing power, defensiveness against economic downturns, global production shifts, and diversified supply chains, as well as a globalization strategy. The stock shows high certainty and defensiveness amid market fluctuations.
Editor/danial
