Evaluation of Hong Kong stocks

Futu Information on April 19 | Hong Kong stocks rose in early trading and weakened in a narrow range in the afternoon. As of the close, the Hang Seng Index rose 0.47% to 29106.15 points, with a full-day turnover of HK $150.163 billion, while the State-owned Enterprises Index rose 0.59% to 11092.95 points.

Plate aspectTechnology stocks remained strong throughout the day, with the Hang Seng Technology Index rising 1.39% to 8346.39. As for constituent stocks, by the close, Kingdee International Software Group was up 3.45%, Semiconductor Manufacturing International Corporation was up 2.52%, Kuaishou Technology was up 1.98%, Hua Hong Semiconductor was up 2.04%, XIAOMI Group was up 2.11%, Baidu, Inc. was up 1.74%, Meituan was down 0.34%, and BABA was down 1.53%.

SaaS concept stocks are generally higher, China is up 5.14%, Weimeng Group is up 4.27%. CITIC recently released a research report saying that e-commerce SaaS is the benchmark track of the domestic SaaS industry and a high-quality soil for domestic native SaaS manufacturers, and is optimistic about the continuous penetration of e-commerce SaaS under the trend of video number and cross-platform, depending on online marketing and product reuse experience, it is expected to further open the space of offline stores SaaS market. Focus on the recommendation of Weimeng Group, China likes and so on.

The property services and management sector rose, with Greentown services up 3.88%, Shimao services up 4%, ocean services up 4.41%, and China Resources Mixc Lifestyle Services up 3.2%. On the news, Hang Seng Index companies announced the launch of the Hang Seng property Services and Management Index at noon to track the trend of the top 30 property management companies listed in Hong Kong. CITIC said that the M & A market in the property management industry may become balanced within 2021, optimistic about the property management leader, and recommend Greentown service, Shimao service, China Resources Mixc Lifestyle Services, Jinke service, Country Garden Services Holdings, Poly property, and so on.

Pharmaceutical stocks rose across the board, with Sinopharm Group up 8.8%, Kangzhe Pharmaceutical 3.71% and Wuxi Biologics 3.14%. It is reported that the fifth batch of national organizations officially launched the purchase of drugs with volume. The Ningxia Hui Autonomous region Public Resources Trading Network recently forwarded the Ningxia Medical Insurance Bureau's notice on submitting the fifth batch of relevant procurement data on the range of centralized drug procurement organized by the state. The collection may involve 60 varieties and 207 specifications, including tumor chemotherapy drugs, digestive preparations, antibiotics, inhalation preparations, contrast agents, diabetes drugs, ophthalmology-related drugs, antiviral drugs and so on.

Apple Inc's concept stock rose generally, Gao Wei Electronics rose 6%, BYD Electronic rose 5.68%, Sunny Optical Technology rose 5.19%. It is reported that Apple Inc will hold a special launch event at 1: 00 a.m. on April 21, and it is reported that he will release a number of products, including a new generation of IPad pro, a new generation of AirPods headphones, Air Tag and so on. In addition, IDC expects Q1 global smartphone shipments to reach 300 million units in 2021, an increase of 9.34% year-on-year.

The Chinese brokerage sector rose, with China International Capital Corporation up 3.03%, Huatai up 3%, CSC FINANCIAL CO.,LTD up 2.58% and Guotai Junan up 2.37%.

Individual stocks$Great Wall Motor (02333.HK) $It closed up 5.92% at HK $25.95. In view of Great Wall Motor's strong product cycle and recognized cutting-edge technology, China Bank International believes that Great Wall Motor will continue to maintain its growth momentum in 2021, raising its target price from HK $17 to HK $28.2, reiterating its buy rating, China Bank International said in a recent research report.

$Ganfeng Lithium (01772.HK) $At one point, it rose more than 8%, but closed up 2.54% at HK $101.1. The company recently announced that it expects net profit in the first quarter of 2021 to increase 57 times year-on-year to 64.8 times. Nomura said in a research report that management expects Ganfeng Lithium's profit in the second quarter of this year to be higher than that in the first quarter because of the acceleration of the new 50ktpa lithium hydroxide plant and the lag effect, the company's long-term lithium hydroxide contract price will gradually catch up with the current price. The bank estimates Ganfeng Lithium's profit forecast of 2.5 billion yuan this year, 43% higher than the market, and believes the company is ready to capture opportunities for solid-state batteries.

$Smoore International Holdings Limited (06969.HK) $It closed up 6.24% at HK $54.5. Data show that from April 14 to 16, the stock received a net purchase of HK $82.65 million, HK $62.38 million and HK $244400, respectively. Debang Securities refers to that atomization equipment belongs to the blue ocean industry, with a wide incremental market in the future, and the company is a leader in atomization equipment industry with leading R & D technology. The company has an alpha+beta dual drive, giving a "buy" rating for the first time.

$Development Pharmaceutical Industry-B (09939.HK) $It hit a new high, closing up 5.74% at HK $45.1. Recently, the clinical trial of the company's drug Freitane gel for acne indications has completed the recruitment and successful administration of the first batch of patients in China. For indications of androgenic alopecia, Freitaan is currently conducting phase II clinical trials in China. At present, there is no effective local androgen receptor antagonist for the treatment of acne in China, and there is a great unmet clinical demand in the market.

$Tongcheng Yilong (00780.HK) $It hit a record high and closed up 6.5% at HK $20.00. the latest market capitalization is about HK $43.5 billion. Statistics show that May Day this year is expected to be the hottest golden week in history, with 200 million trips. Citi recently released a report that Tongcheng Yilong has more business in the domestic travel field, further penetrates into second-tier cities, and the current valuation is attractive. Morgan Stanley expects Cheng Yilong to renew the cooperation agreement with Wechat by the end of July until 2026, which is conducive to the revaluation of the enterprise, maintain its "overweight" rating, and raise its target price to HK $22.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $6.179 billion from Hong Kong Stock Connect (southbound) today.

Message surface

Macroscopic aspectThis week, a total of 50 billion yuan reverse repurchase and 56.1 billion yuan TMLF expired. Among them, 10 billion yuan of reverse repurchase expired from Monday to Friday, and 56.1 billion yuan of targeted medium-term loan facility (TMLF) expired on Sunday. China's central bank renewed the TMLF, which expires on Sunday, on April 15.

In terms of industrial developmentThe NDRC said that it will, together with relevant parties, strengthen top-level design and overall coordination, lay out ahead of schedule and actively cultivate and develop future industries; the focus is to organize and implement future industrial incubation and acceleration plans and lay out a number of future industries in the areas of brain-like intelligence, quantum information, genetic technology, future networks, deep-sea space development, hydrogen energy and energy storage, and other cutting-edge technologies and industrial changes.

5G aspectChina has built the world's largest information and communication network, Liu Liehong, vice minister of industry and information technology, said at a regular policy briefing held by the State Council Information Office on the 19th, according to Xinhua News Agency. At present, the end-to-end user experience rate of fixed broadband and mobile networks in China is about 7 times higher than that of five years ago. According to the Ministry of Industry and Information Technology, China has initially built the world's largest 5G mobile network, with 260 million 5G mobile phone terminals connected.

In the financial sectorAt the Forum on "Survival of small and medium-sized Enterprises" held at the Boao Forum for Asia Annual meeting in 2021, Li Yang, director of the National Finance and Development Laboratory, said that in solving the financing problem of small and medium-sized enterprises, one of them is to use financial technology to solve the loans of small and medium-sized enterprises. In addition, the platform and the Internet, Internet of things and other latest technological development, closely linked with big data, cloud computing, which may be the most fundamental way out for small and medium-sized enterprises financing.

Nuclear power industryAccording to the newspaper, at present, the relevant departments are formulating a package of policies, including a new round of medium-and long-term plans for nuclear power development, the 14th five-year Plan for the prevention and control of nuclear safety and radioactive pollution, and the long-term goals for 2035. It is expected that the safety supervision and scientific and technological innovation of nuclear energy development will be further strengthened in the future. China's nuclear power development ushered in an important period of strategic opportunity, ushered in a broader space for development, is expected to approve 6-8 units per year, trillion-level investment market to be opened.

Institutional viewpoint

Soochow SecuritiesRecently, the market is in a weak consolidation, the concept of growth theme is relatively active, and the rise and fall of the market is highly related to the trend of northward funds. from the point of view of market volume, the recent volume is already a new low in the year, and there is little room for further decline in the short term without external force. the market rebound direction still pays more attention to the performance of the relevant companies. Next is still the peak period of the quarterly report disclosure, the more later the disclosure of the company, relatively speaking, should be more cautious, short-term still recommend light index heavy stocks, careful to catch up.

Shanxi Securities:Short-term index is still dominated by horizontal shock trend, industry rotation is still dominated by consumption and cycle theme alternating performance, the relevant plate is expected to continue to show a shock upward trend. In the medium term, under the background of high macro-economy, the profit growth rate of the two cities is expected to continue to rise, and consumption and pro-cycle may become the main line of the market in the next one or two quarters. Investors are advised to continue to pay attention to high profit certainty targets with good fundamentals and medium-and long-term logic.

Tianfeng Securities:Recently, the issuance of public funds is not ideal, and the market is mainly a stock game. From the perspective of the growth path and long-term investment of listed companies, the quarterly performance is lower than expected, and we can not deny the long-term value of some star companies; be optimistic about new energy vehicles, carbon neutral, and pay attention to medical beauty.

China International Capital Corporation:It is estimated that the follow-up market may enter a slow consolidation and bottom-out period lasting 1-2 months, and there may be room for further cooling in the mood. The growing number of concerns is typical. Individual stocks and plate selection, we should pay attention to valuation security and marginal catalyst, combined with valuation and prosperity degree comprehensive judgment, pan-consumption field is still the focus from the bottom up. Recently, local hotspots such as autopilot have begun to emerge, and these directions are worthy of attention. There is no need for the market to be overly pessimistic in the medium term.

Huatai:In terms of the strategy of the communications industry, the annual report has been released intensively recently, suggesting that we should pay attention to the sectors that have overfallen in the previous period, low valuations and high growth in the first quarter, and that we should continue to pay attention to the three major operators and the long-term trend of the industry. The leading position is prominent; the operating margin is improved; PEG