港市速睇 | 恒指震荡收涨0.21%,石油股强势上攻,中石油涨近6%;地产股走弱,中国恒大跌近13%

A quick review of the Hong Kong market | The Hang Seng Index closed up 0.21%, petroleum stocks rose strongly, CNPC rose nearly 6%; real estate stocks weakened, and China Evergrande fell nearly 13%

Futu News ·  09/14 16:22

Futu News reported on September 14 that the three major Hong Kong stock indices turned up in the afternoon.$Hang Seng Index(800000.HK)$It closed up 0.21%,$Hang Seng TECH Index(800700.HK)$Increased by 0.44%,$Hang Seng China Enterprises Index(800100.HK)$Up 0.63%.

By the close, Hong Kong stocks had risen 883, fell 934, and closed 1,144.

The specific industry performance is as follows:

On the sector side, the Science and Technology Network stock rose slightly.$KUAISHOU-W(01024.HK)$An increase of nearly 1%,$JD-SW(09618.HK)$,$BABA-SW(09988.HK)$,$NTES-S(09999.HK)$,$BILIBILI-W(09626.HK)$A slight increase,$MEITUAN-W(03690.HK)$,$BIDU-SW(09888.HK)$,$TENCENT(00700.HK)$Slight decline.

Auto stock trends diverge,$LI AUTO-W(02015.HK)$An increase of more than 1%,$XPENG-W(09868.HK)$A slight increase,$LEAPMOTOR(09863.HK)$It fell nearly 2%,$BYD COMPANY(01211.HK)$It fell more than 1%,$NIO-SW(09866.HK)$,$GEELY AUTO(00175.HK)$It fell nearly 1%,$GWMOTOR(02333.HK)$Slight decline.

There has been a pullback in real estate stocks and property management stocks.$EVERGRANDE(03333.HK)$Decreased by nearly 13%,$SUNAC(01918.HK)$It fell close to 9%,$CG SERVICES(06098.HK)$It fell nearly 6%,$COUNTRY GARDEN(02007.HK)$It fell nearly 5%,$SINO-OCEAN GP(03377.HK)$It fell nearly 3%,$SHK PPT(00016.HK)$It fell nearly 1%.

Petroleum stocks fluctuated upward,$PETROCHINA(00857.HK)$An increase of nearly 6%,$CNOOC(00883.HK)$An increase of more than 5%,$SINOPEC CORP(00386.HK)$An increase of nearly 2%.

Coal stocks registered the highest gains,$CHINA COAL(01898.HK)$An increase of more than 6%,$YANKUANG ENERGY(01171.HK)$An increase of nearly 6%,$CHINA SHENHUA(01088.HK)$An increase of nearly 4%,$YANCOAL AUS(03668.HK)$An increase of more than 3%.

On the other hand, energy stocks such as power stocks rose sharply; domestic gold prices rose above 600 yuan; gold stocks performed strongly throughout the day; aviation stocks and sporting goods stocks generally fell.

In terms of individual stocks,$EAST BUY(01797.HK)$With an increase of nearly 6%, the GMV for live e-commerce surpassed 10 billion dollars in FY23, and the Taobao platform is expected to open up an incremental market.

$ZTO EXPRESS-W(02057.HK)$It increased by more than 3%, and the express delivery business volume increased by more than 20%, and market share increased year-on-year

$MNSO(09896.HK)$With an increase of nearly 4%, the company's asset-light model is rapidly expanding, and there is broad room for future growth.

$INNOVENT BIO(01801.HK)$It increased by more than 5%, the EGFR/B7-H3 double antibody was approved for clinical use, and the concept of diet pills attracted market attention.

$LI NING(02331.HK)$The drop of nearly 3% hit a three-year low. The market is worried about discount levels and inventory pressure, and it will take time for sentiment to improve.

$TIANQI LITHIUM(09696.HK)$It has dropped more than 2%, the price of lithium carbonate continues to fall, and there may be limited room to look forward to the peak season of gold, nine and silver.

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$2,612 billion.

Agency Perspectives

  • CITIC Securities: Short-term opportunities for the domestic housing industry, demand recovery after policy relaxation, medium to long term come from incremental business such as urban village renovation

CITIC Securities published a research report stating that short-term opportunities for the mainland real estate industry lie in demand recovery after policy relaxation, while medium- to long-term opportunities come from incremental business brought about by urban village renovation and guaranteed housing construction. Furthermore, this bank gives$CHINA RES LAND(01109.HK)$,$YUEXIU PROPERTY(00123.HK)$,$LONGFOR GROUP(00960.HK)$and$GREENTOWN CHINA(03900.HK)$Buy-in ratings.

  • CICC: Alibaba reforms business-side selection mechanism to unleash businesses' business vitality

According to a report published by CICC, the bank believes$BABA-SW(09988.HK)$Choosing to use user behavior indicators as a mechanism for merchant selection and traffic distribution is a more objective incentive method that helps merchants with better services stand out. The bank maintained Alibaba's revenue and profit forecasts, maintained ratings and outperformed the industry, with a target price of HK$137.

  • Goldman Sachs quoted Meituan as saying that takeout orders increased by nearly 20% in the third quarter, leading Douyin in the GTV share competition in the in-store business

Goldman Sachs published a report stating,$MEITUAN-W(03690.HK)$Management expects takeout orders in the third quarter to maintain a 10-digit year-on-year increase of 20%, and the bank expects 18%. Management emphasized that the business and Douyin are leading the GTV market share competition, and that the core catering market share is steadily increasing. Goldman Sachs gave Meituan a buying rating, with a target price of HK$205. It believes that the company continues to lead the takeout business, manageable competition with Douyin for in-store local services, and a strong balance sheet.


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