On June 16, Futu News reported that the three major indices of Hong Kong stocks rose. $Hang Seng Index (800000.HK)$ Increased by 0.70%, $Hang Seng TECH Index (800700.HK)$ Rose by 1.15%. $Hang Seng China Enterprises Index (800100.HK)$ Rose by 0.86%.
By the close, 1,327 Hong Kong stocks rose, 787 fell, and 936 remained flat.
The performance of specific industries is shown in the following figure:
In terms of Sector.
Network Technology stocks rose, with XIAOMI-W up 4.23%, KUAISHOU-W up 3.45%, Bilibili up 2.94%, JD-SW up 0.85%, Alibaba-W up 0.80%, NTES-S down 0.58%, MEITUAN-W up 0.43%, and TENCENT down 0.10%.
Digital Health stocks rose broadly, with MAIDI WEIKANG up 18.18%, ZA ONLINE up 12.57%, PA GOODDOCTOR up 6.31%, JD HEALTH up 4.05%, ALI HEALTH up 3.70%, and DINGDANG HEALTH up 1.67.
Hong Kong retail stocks strengthened, with CHOW TAI FOOK up 6.03%, CHOW SANG SANG up 4.53%, LUK FOOK HOLD up 3.04%, SAMSONITE up 2.41%, PRADA up 1.60%, and GIORDANO INT'L up 1.47%.
Gold stocks weakened, with LINGBAO GOLD down 12.06%, CHI SILVER GP up 7.37%, ZHAOJIN MINING down 4.38%, TONGGUAN GOLD up 3.37%, Chifeng Jilong Gold Mining down 2.97%, Zijin Mining Group down 2.79%, SD GOLD down 2.45%, and CHINAGOLDINTL down 0.63%.
Securities and Brokerage stocks performed well, with HOLLY FUTURES up 17.82%, China International Capital Corporation up 5.51%, China Galaxy up 3.67%, CSC up 3.47%, HTSC up 2.96%, BRIGHT SMART up 2.70%, China Merchants up 2.00%, and Guotai Junan Securities up 1.34%.
Property service and management stocks strengthened, with CHINA RES MIXC up 4.05%, EVERG SERVICES up 2.56%, ART GROUP HOLD up 1.82%, CHINA OVS PPT up 1.68%, CG SERVICES up 1.36%, A-LIVING up 1.36%, POLY PPT SER up 1.26%, and WANDIYUN up 0.96%.
In terms of individual stocks.
$KUAISHOU-W (01024.HK)$Closed up over 3%, the commercialization process of Keling AI is accelerating, and the Keling series of AI film tools has a global market share of over 30%.
$JLMAG (06680.HK)$Closed up over 3%, overseas prices for rare earth metals continue to rise, and the company has obtained export licenses for rare earth-related items.
$HOLLY FUTURES (03678.HK)$Increased more than 17%, the Chinese name has been changed to "Soho Holly Futures", and the subsidiary holds the four major licenses from the Hong Kong Securities and Futures Commission.
$DREAM INT'L (01126.HK)$Rising over 8% to break the top again, closing up over 4%, the stock price has almost doubled this month, and the company is one of the world's largest plush toy manufacturers.
$SIPAI HEALTH (00314.HK)$Soaring over 28% in the afternoon, closing up over 17%, the company signed a strategic cooperation framework agreement with Anruijia to expand its business in mainland China.
$MEMESTRATEGY (02440.HK)$Rising over 26% in the afternoon, closing up over 28%, the company purchased a total of 2,440 units of the cryptocurrency Solana.
$MOG DIGITECH (01942.HK)$Closing up over 17%, previously collaborated with Huaton Securities to develop a digital currency financial securities trading counter.
$EC HEALTHCARE (02138.HK)$Closed down over 6%, expected annual losses to expand year-on-year to a maximum of 0.19 billion HKD.
$FRIENDTIMES (06820.HK)$Closed up over 4%, recently 'Kitchen Academy' performed brilliantly, Institutions are bullish on the medium to long-term development of this game.
Today's TOP 10 transaction amount.
Funds from Hong Kong Stock Connect.
Regarding the Stock Connect, today the net inflow for the Hong Kong Stock Connect (Southbound) is 5.743 billion HKD.
Institutional views
Goldman Sachs is bullish again: global funds are returning to China, optimistic about China's "Ten Giants" stocks.
Goldman Sachs' chief China equity strategist Liu Jinjing recently released a research report titled "The Return of Chinese Private Enterprises: The Trend Has Reversed," pointing out that under various macroeconomic, policy, and microeconomic factors, the mid-term investment outlook for Chinese private enterprises is improving. Goldman Sachs also modeled after the "seven giants" of the U.S. stock market and listed the "ten giants" of China, which are the ten Chinese private listed companies that Goldman Sachs is particularly optimistic about. They are: Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Pharmaceuticals, Ctrip, and Anta. The total market capitalization of these ten companies reaches 1.6 trillion USD, accounting for 42% of the MSCI China Index weight, with a daily trading volume of 11 billion USD. Goldman Sachs analysts expect the earnings of the "ten giants" to grow by 13% (compound annual growth rate) over the next two years, with a PE ratio of 16 times. The "ten giants" will collectively embody the latest economic themes such as China's artificial intelligence/technology development, "going global," new consumption, and increasing shareholder returns. In addition, Liu Jinjing specifically pointed out that investing in private enterprises does not mean excluding state-owned enterprises—Goldman Sachs reiterates its continued preference for a "high-quality" blend of Chinese state-owned enterprises and shareholder returns.
Editor/Lee
