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港股收评 | 物管股大涨,恒大物业尾盘直线拉升大涨15%;教育股延续强势行情,中教控股涨超6%

Hong Kong stock review | Property management stocks soared, and Evergrande Property surged 15% in a straight line at the end of the session; education stocks continued their strong market, and China Education Holdings rose more than 6%

富途資訊 ·  May 18, 2021 16:24

Evaluation of Hong Kong stocks

Futu Information on May 18 | the three major indexes of Hong Kong stocks were strong throughout the day, with all three indexes rising more than 1.4%. The Hang Seng Index rose 1.42 per cent to 28593, the National Index rose 1.43 per cent to 10654 and the Hang Seng Technology Index rose 1.53 per cent to 7817.

In the market, large-scale technology stocks rose collectively, with Meituan and Baidu, Inc. up 2%, and XIAOMI, Tencent and JD.com all up more than 1%.

Plate aspectProperty management shares rose sharply, Evergrande Property Services rose 15%, Xincheng Hyatt Service rose more than 7%, Sunac Services and Jianye New Life both rose more than 8%, Shimao Service rose more than 5%, and Country Garden Services Holdings rose more than 3%. The National Bureau of Statistics yesterday released the national real estate development investment and sales from January to April 2021. From January to April, the national commercial housing sales area was 503.05 million square meters, an increase of 48.1% over the same period last year. Huachuang Securities pointed out that real estate sales are still resilient, and the sales area for the whole year is expected to continue to reach an all-time high.

Mobile game stocks generally rose, Huoyan Holdings rose 14.88%, middle-hand rose nearly 6%, hometown interaction rose more than 4%, Xin Xin Company and Sky Pigeon interaction rose about 3%.

Drug stocks rose in the afternoon, Tianda Pharmaceutical rose nearly 16%, Sino Biopharmaceutical rose more than 5%, and Federal Pharmaceuticals rose more than 8%.

Education stocks are strong, China Spring has risen nearly 10%, China Education Holdings has risen more than 6%, Yuhua Education has risen more than 5%, New Oriental Education & Technology Group has risen more than 2%.

Individual stocks$Evergrande Property Services (06666.HK) $It rose in a straight line in late trading, closing up more than 15 per cent at HK $13.80, with a market capitalization approaching HK $150 billion.

$Tencent (00700.HK) $It's up more than 1%. BoCom International released a report, Tencent held a 2021 game conference on May 16, and released 46 new games (10 have won the version number). The bank expects Tencent's revenue from games to grow by 9% in 2021, and revenue from games / mobile games on PC to grow by-3% and 13% respectively compared with the same period last year. 1) the update plan for PC games and some head games is expected to lengthen the game life cycle and increase the activity of old users; 2) be optimistic about the revenue increase brought about by new games, as the bank maintains a price-to-earnings ratio of 25 times earnings, a target price of HK $843 and a buy rating.

$INNOVENT BIO (01801.HK) $It opened in a straight line in the afternoon, closing up more than 5%, with a total market capitalization of HK $133.3 billion. The company announced that the US Food and Drug Administration (FDA) has formally accepted the application for the marketing of a new drug jointly developed by the company and Eli Lilly and Co Pharmaceuticals, an innovative PD-1 inhibitor, Xindirizumab injection combined with pemetrexed and platinum for first-line treatment of non-squamous non-small cell lung cancer. This is the first application for a new drug in the United States.

$Petrochina (00857.HK) $AH hit new highs in more than a year today, with Hong Kong stocks trading as high as HK $3.30 at HK $3.29. Analysts pointed out that the recent continuous rise in oil stocks, on the one hand, is driven by rising international oil prices; on the other hand, it is also stimulated by the performance in the first quarter.

$AAC Technologies Holdings Inc. (02018.HK) $It has risen by more than 5%, and by more than 10% in the last three trading days. BoCom International raised its target price for AAC Technologies Holdings Inc. from HK $47 to HK $50 to keep buying.

Today's turnover of Hong Kong shares TOP20

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $5.405 billion from Hong Kong Stock Connect (southbound) today.

Message surface

Macroscopic aspectThe open market of the central bank will conduct a seven-day reverse repurchase operation of 10 billion yuan today, as 10 billion yuan of reverse repurchase expires today, achieving zero investment and zero withdrawal.

In science and technologyDue to the shortage of semiconductor parts, smartphone shipments of XIAOMI, OPPO, vivo and other mobile phone brands will decline in the second quarter of this year and are expected to pick up again in the second half of this year, according to the latest Digitimes Research report.

In terms of futuresDomestic commodity futures closed, with non-ferrous metals leading the rise. Shanghai zinc, Shanghai silver and iron ore rose more than 4%, manganese silicon and ferrosilicon rose more than 3%, crude oil and Shanghai lead rose more than 2%, soybean oil and coke rose more than 1%, Zheng Mian and palm rose slightly, LPG fell more than 2%, Zheng alcohol and soda ash fell more than 1%, plastics and starch fell slightly.

Institutional viewpoint

CITIC:After a sharp correction in the Internet sector since February 2021, the previous higher valuation level has been digested. The future performance of each company is still expected to maintain good growth, while the uncertainty of some companies is expected to be digested one after another. Under the digestion of uncertain factors such as corporate performance support and future anti-monopoly policy, the head Internet company is expected to usher in the opportunity of bottom reversal. Therefore, it is recommended to pay attention to the investment opportunities of the Internet sector after a sharp correction in the previous period, so as to maintain the "stronger than the market" rating of the Internet sector.

Big Motors:In response to corporate earnings revaluation, liquidity tightening and industry regulation, Morgan Stanley lowered its basic target price for the Hang Seng Index to 29200 points, 400 points lower than the original target and only 3 per cent higher than the latest price of the Hang Seng Index. Morgan Stanley believes that under the early optimism of the market, there is limited room for upward adjustment in corporate earnings forecasts, and gross margins are expected to be under pressure in the face of reflation, liquidity restrictions are tightened and valuations are raised, and there are ongoing regulatory risks in the Internet, financial technology and education.

Credit Suisse:Mainland property sales continued to be strong in April, rising 26 per cent year-on-year, while the growth of real estate investment accelerated to 22 per cent. The bank also pointed out that the accelerated growth of property prices for four consecutive months has occurred again since March to June last year. Property prices in 70 major cities rose 0.5% month-on-month, with first-tier cities outperforming other cities. But the bank believes that while property sales are strong and house price valuations are attractive, rising policy risks and concerns about gross margins will continue to dampen the performance of inner housing share prices.

GF Securities Co., LTD.:The rise in shipping prices has been an important driver of higher global inflation so far this year. Global shipping prices have risen sharply since H2 last year, with demand-side factors determining the upward trend and supply-side factors explaining the slope. The United States may achieve group immunity in Q3 and restrict the upward slope of 2021H2 global shipping prices. 2021H2 global capacity supply and demand is gradually balanced, maritime price action capacity will be weaker; 2022H2 capacity or excess, shipping price downside risk increases. Looking back, the impact of commodity prices on seaborne prices may be divided into three stages, but the strongest boost is coming to an end.

Bank of China International:With regard to China Mobile's announcement of the proposed RMB share offering and the proposed issuance of no more than 964 million shares on the main board of the Shanghai Stock Exchange, equivalent to 4.5% of the enlarged total share capital, Bank of China International said that China Mobile's "return to A" is important and beneficial to Chinese telecommunications operators, as mainland investors can directly participate in the investment. The bank believes that China Mobile's valuation is attractive and of high quality, and that China Mobile's "back to A" can diversify its investor base and reiterate its "buy" rating.

Edit / Phoebe

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