Futu News reported on September 12 that the three major Hong Kong stock indices turned down in the afternoon.$Hang Seng Index(800000.HK)$It closed down 0.39%,$Hang Seng TECH Index(800700.HK)$Decreased by 0.47%,$Hang Seng China Enterprises Index(800100.HK)$Down 0.61%.
By the close, Hong Kong stocks had risen 755, fell 1,119, and closed 1,088.
The specific industry performance is as follows:
On the sector side, science network stocks have generally declined.$BABA-SW(09988.HK)$It fell nearly 2%,$BILIBILI-W(09626.HK)$It fell more than 1%,$TENCENT(00700.HK)$,$MEITUAN-W(03690.HK)$,$JD-SW(09618.HK)$,$KUAISHOU-W(01024.HK)$It fell nearly 1%,$BIDU-SW(09888.HK)$,$NTES-S(09999.HK)$Slight decline.
Auto stocks were strong throughout the day.$LEAPMOTOR(09863.HK)$An increase of more than 3%,$BYD COMPANY(01211.HK)$,$GWMOTOR(02333.HK)$An increase of nearly 3%,$XPENG-W(09868.HK)$,$LI AUTO-W(02015.HK)$An increase of more than 1%,$GEELY AUTO(00175.HK)$An increase of nearly 1%,$NIO-SW(09866.HK)$A slight increase.
The trends of domestic housing stocks and property management stocks are divided.$SINO-OCEAN GP(03377.HK)$It surged more than 82%,$EVERGRANDE(03333.HK)$An increase of more than 5%,$COUNTRY GARDEN(02007.HK)$An increase of nearly 4%,$CG SERVICES(06098.HK)$An increase of more than 2%,$SUNAC(01918.HK)$It fell more than 7%,$SUNAC SERVICES(01516.HK)$It fell more than 3%,$LONGFOR GROUP(00960.HK)$It fell more than 2%,$CHINA VANKE(02202.HK)$,$CHINA OVERSEAS(00688.HK)$It fell more than 1%.
Gaming stocks continue to rise,$WYNN MACAU(01128.HK)$An increase of more than 4%,$MGM CHINA(02282.HK)$An increase of nearly 3%,$SANDS CHINA LTD(01928.HK)$An increase of more than 2%,$GALAXY ENT(00027.HK)$An increase of over 1%.
Petroleum stocks have been sluggish throughout the day.$PETROCHINA(00857.HK)$It fell nearly 5%,$SINOPEC CORP(00386.HK)$It fell nearly 3%,$CNOOC(00883.HK)$Decreased close to 2%.
Other than that, most of the weights, such as big financial stocks and leading Chinese stocks, are sluggish; semiconductor stocks, gold stocks, and shipping stocks are falling one after another; Tesla concept stocks and lithium battery stocks are rising; institutions are optimistic that gambling revenue will improve for the rest of this month, and the performance of Hao Gaming stocks is active.
In terms of individual stocks,$MAOYAN ENT(01896.HK)$It rose by more than 3%. The summer program exceeded expectations, demonstrating consumer enthusiasm, and the National Day box office is expected to continue to recover strongly.
$EVERGRANDE(03333.HK)$With an increase of over 5%, Hong Kong's Evergrande agreement approval hearings will be held at 10 a.m. on October 16 and 17.
$PETROCHINA(00857.HK)$With a drop of nearly 5%, institutions are still optimistic that oil prices will remain strong.
$HUAXIN CEMENT(06655.HK)$It fell nearly 4%, demand in the cement market was sluggish, and the market was still bottoming out.
$YANKUANG ENERGY(01171.HK)$It fell by more than 3%, and the agency slightly raised its coal price forecast, and continued to wait for signs of improvement in consumption.
$OOIL(00316.HK)$It fell by more than 3%, and freight prices continued to weaken. Damo said that profits in the shipping industry have not yet bottomed out.
Today's Top 20 Hong Kong Stock Turnovers
Hong Kong Stock Connect Capital
In terms of Hong Kong Stock Connect, Hong Kong Stock Connect (Southbound) today had a net inflow of HK$6.73 billion.
Agency Perspectives
CBI: Maintains Alibaba-SW “buy” rating, target price is HK$124
BOCOM International released a research report saying that maintenance$BABA-SW(09988.HK)$“Buy” rating, target price HK$124. The company's profit growth rate will continue to be higher than the revenue growth rate. The bank expects revenue growth of 12%/10%/9% for the 2024/25/26 fiscal year. The adjusted EBITA is expected to grow 24%/17%/14% on the basis of a steady increase in profits and manageable investment in other 5+N businesses.
Yamato: Reiterates Baidu Group-SW's “buy” rating, target price is HK$183
Yamato released a research report saying, “Reiterating$BIDU-SW(09888.HK)$The “buy” rating will drive online marketing revenue in the short term, with a target price of HK$183. According to the report, due to the use of large language models (LLM) and generative AI, the company expects the compound annual growth rate of core advertising in the second half of 2021-23 to be faster than in the first half of 21-23.
Goldman Sachs: Assumed a “buy” rating on the Hong Kong Stock Exchange with a target price of HK$380
Goldman Sachs released a research report saying it was raised$HKEX(00388.HK)$The earnings per share forecast for 2023 was 1%, remained unchanged in 2024, and the earnings test for 2025 to 26 was lowered by 1% and 2%, respectively, to reflect the trading volume in August and the trading volume since September. The downside risks faced include factors such as increased business competition with the domestic capital market. The target price was set at HK$380, reflecting 35 times the predicted price-earnings ratio for 2025, and included in the “buy” rating and included in the confident buying list.
editor/tolk