On May 14, Futu News reported that the three major indices of the Hong Kong stock market rose. $Hang Seng Index (800000.HK)$ Up 2.30%, $Hang Seng TECH Index (800700.HK)$ Up 2.13%, $Hang Seng China Enterprises Index (800100.HK)$ Up 2.47%.
As of the close, 1299 stocks on the Hong Kong stock market rose, 781 fell, and 1050 were unchanged.
The performance of specific industries is shown in the following figure:
In terms of Sector.
Network technology stocks generally rose, with Baidu Group-SW up 4.01%, Xiaomi Group-W up 3.60%, Alibaba-W up 3.41%, JD Group-SW up 3.36%, Tencent up 2.96%, Meituan-W up 1.46%, NetEase-S up 1.34%, KUAISHOU-W up 0.76%.
Digital health stocks strengthened, with JD HEALTH up 5.13%, ZA ONLINE up 5.03%, ALI HEALTH up 3.68%, PA GOODDOCTOR up 2.58%, and Mediwake up 1.14%.
Insurance stocks rose, with CHINA TAIPING up 8.32%, China Pacific Insurance up 6.77%, China Life Insurance up 6.55%, PICC GROUP up 6.01%, AIA up 5.15%, New China Life Insurance up 4.95%, Ping An Insurance up 4.21%, and PICC P&C up 3.52%.
Lithium battery stocks performed well, with BYD Company up 4.75%, LEOCH INT'L up 4.18%, Tianqi Lithium Corporation up 2.49%, GANFENGLITHIUM up 1.92%, CHAOWEI POWER down 1.49%, BYD Electronics up 1.42%, and TIANNENG POWER down 1.37%.
Auto stocks strengthened, with LEAPMOTOR up 6.13%, BYD Company up 4.75%, Li Auto-W up 4.54%, Xpeng Motors-W up 3.87%, NIO-SW up 3.53%, Geely Auto up 2.46%, YADEA up 2.25%, and Great Wall Motor up 1.97%.
Securities and brokerage stocks strengthened, with HOLLY FUTURES up 12.09%, GF SEC up 6.31%, China Galaxy up 4.93%, HTSC up 4.86%, China International Capital Corporation up 4.55%, China Merchants up 4.03%, Guotai Junan up 2.91%, and BRIGHT SMART down 0.87%.
In terms of individual stocks.
$SF INTRA-CITY (09699.HK)$Increased by 6.8%, the upgrade of instant retail competition brings growth opportunities for third-party delivery.
$ZA ONLINE (06060.HK)$Increased by 5.03%, the premium income in the first four months exceeded 10.9 billion yuan, and institutions expect premium income to continue to grow by over 10% for the year.
$SHOUCHENG (00697.HK)$Increased by 8.18%, the fund under its management invests in Weifen Zhifei, and the company continues to layout the Siasun Robot&Automation industry ecosystem.
$HOLLY FUTURES (03678.HK)$Up 12.09%, the two new regulations in the Futures industry are expected to be implemented within the year, and the company's Q1 revenue increased by more than 2.5 times.
$COSCO SHIP ENGY (01138.HK)$Up 5.12%, OPEC+'s pace of production increase accelerates, which is directly Bullish for Crude Oil Product transportation demand.
$CSTONE PHARMA-B (02616.HK)$Up 9.73%, the company recently released the latest preclinical research results for CS2009.
$BESTSTUDY EDU (03978.HK)$Up 7.99%, the stock price hit a new high since listing, as the company embraces AI to enhance efficiency.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
In terms of Hong Kong Stock Connect, there was a net inflow of 6.707 billion Hong Kong dollars today.
Institutional views
UBS: Prefers Hong Kong stocks over A-shares, raises the Hang Seng Index target for this year to 24,500 points.
UBS published a research report stating that since the announcement of reciprocal tariff measures by the USA on April 2. $MSCI Chinese Index (LIST2614.US)$ Has recovered all its losses, and currently, the risks related to tariffs seem to be at a good balance, and the market may view the suspension of tariffs agreement between China and the USA as a sign of warming relations between the two countries, expected to alleviate investors' concerns regarding financial decoupling between China and the USA, believing that the most extreme uncertainty factors have now been eliminated, while the fundamentals of enterprises will once again become the main driving factors influencing stock price performance in the future, thus raising the targets for the Hang Seng Index and MSCI Chinese Index to 24,500 points and 80 points respectively.
UBS indicates that due to the robust profitability of the internet industry, it has once again become the sector that the bank favors the most, preferring the Hong Kong market over the A-share market at present. UBS also mentioned that as concerns about financial decoupling decrease, AI-related investment themes may once again attract investor interest, and domestic substitution is expected to be another key investment theme, excluding necessary consumer goods from preferred sectors, still being bullish on the internet, A-share TMT, and high-yield stocks, among which the priority for high-yield stocks has slightly decreased.
BOCOM INTL: The internal and external situation is showing positive improvement, providing a favorable catalyst for the Hong Kong stock market. It is recommended to focus on three main lines.
BOCOM INTL published a Hong Kong stock strategy report stating that the Hong Kong stock market has shown a continuous recovery since the announcement of "equal tariffs," steadily rebounding from its lows. It has completely regained its footing since the announcement and is currently above the high point of October 2024, although it is still some distance from the previous high set in mid-March 2025. Prices and valuations in most sectors of the Hong Kong stock market have fully recovered, with domestic demand and defensive sectors leading, and earnings expectations are stable. The analysis of driving factors indicates that the recovery of the Hong Kong stock market is mainly due to a significant decline in risk premium, while the risk-free interest rate and corporate profit expectations have remained relatively unchanged. Meanwhile, in April, southbound funds continued the net buying trend since the beginning of the year, providing strong support for the Hong Kong stock market and effectively dampening market volatility.
The bank still recommends focusing on three main lines:(1) Continue to be optimistic about the technology innovation main line, including technology hardware (Semiconductors, New energy Fund Industry Chain, etc.) and Internet technology (AI, Cloud Computing, etc.), which are expected to benefit from both policy support and demand growth.
(2) High dividend main line: Under the current uncertainty level from external factors, as well as a loose liquidity and low-interest-rate environment, the attractiveness of high dividends will continue to increase. Attention should be paid to Banks, public utilities, and telecom operators.
(3) Policy dividend main line: In a context of interest rate cuts and reserve requirement reductions, Brokerage, Insurance, and other financial service institutions will directly benefit from increased market activity and a recovery in risk appetite, as well as the high-quality consumer leaders in the Hong Kong stock market expected to benefit from the continuous implementation of policies supporting consumption.
Editor/Lee
