Futu News reported on February 22 that the three major indices of Hong Kong stocks strengthened collectively. By the close, the Hang Seng Index had risen 1.45%, while the Science Index and China Index had risen 1.75% and 2.05% respectively.
By the close, Hong Kong stocks had risen 1,289, down 690, and closed at 1004.
The specific industry performance is as follows:
On the sector side, most Technet stocks rose in the afternoon. Meituan rose more than 3%, Alibaba rose nearly 3%, Kuaishou, JD, and Baidu rose more than 1%, and Tencent rose nearly 1%.
Three barrels of oil rose sharply. CNOOC rose nearly 6%, and its stock price reached another record high. CNPC rose nearly 6%, and Sinopec rose more than 3%.
Coal stocks rose strongly. Mongolian coking coal rose more than 13%, Yankuang Energy and Shougang Resources rose more than 8%, and China's Shenhua rose more than 5%.
Power stocks generally rose. Huaneng Power rose nearly 6%, China Resources Electric Power rose more than 3%, and China Electric Power and Huadian Power rose nearly 3%.
On the other side, travel stocks rose collectively, with Ctrip Group surging more than 7% after the results; gold stocks generally rose, and China Gold International rose nearly 4%; bank stocks, heavy machinery stocks, and photovoltaic stocks showed active performance, and telecommunications stocks, and home appliance stocks rose one after another.
In terms of individual stocks,$CNOOC (00883.HK)$With an increase of nearly 6%, CICC said oil may still be a major asset with good fundamentals this year.
$CHINA SHENHUA (01088.HK)$The stock price rose by more than 5% to a record high. Institutional analysis indicates that recent supply tightening expectations have led to a rise in coal prices.
$TRAD CHI MED (00570.HK)$It rose by more than 24% and was privatized by Sinopharm Group at a premium of 34%.
$LI AUTO-W (02015.HK)$With an increase of nearly 5%, ideal new cars will be launched intensively, helping the company achieve its annual sales target.
$SA SA INT'L (00178.HK)$With an increase of nearly 16%, the Hong Kong government called for more mainland visitors to Hong Kong.
$XD INC (02400.HK)$It surged nearly 15%, with a cumulative increase of more than 71% this month. “Muffin”'s overseas performance exceeded expectations. Agencies expect a high probability that the national uniform will explode after it goes online.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, today's net inflow of Hong Kong Stock Connect (southbound) was HK$4.777 billion.
Agency Perspectives
Goldman Sachs: Maintaining HSBC Holdings' “Buy” Rating, Target Price HK$80
According to Goldman Sachs,$HSBC HOLDINGS (00005.HK)$After the results, the “buy” rating was maintained, and the target price was HK$80. Overall, the bank raised the company's 2024 earnings per share forecast by 2%, and the 2024-2025 earnings per share by 5%, 5%, and 6%. At the same time, it introduced the 2028 earnings per share forecast, which is expected to earn 1.36 US dollars per share. Furthermore, the 2024-26 repurchase amount of HSBC Holdings is still expected to reach US$80/800/4 billion.
J.P. Morgan Chase raised CMB's target price for H shares to HK$37, and is expected to continue to outperform the market
According to a research report published by J.P. Morgan Chase$CM BANK (03968.HK)$Since this year, it has risen 16%, outperforming the Hang Seng Index by 20 percentage points, raising its target price for H shares by 16%, from HK$32 to HK$37, with a rating of “gain”. According to the bank, the adjustments were made to reflect a lower risk-free rate (risk-free rate) and more sustainable return on equity predictions. Motong also expects that CMB will continue to outperform the market, as dividend payout rates will provide downward protection, and indicated that investing in CMB is an alternative to betting on the recovery of the Chinese stock market.
DBS: Giving Sands China a “Buy” Rating; Target Price Raised to HK$43
DBS released a research report stating that$SANDS CHINA LTD (01928.HK)$The “Buy” rating is based on Sands China's debt level being 14% lower than forecast. After adjusting the net debt forecast, the target price increased from HK$37.92 to HK$43. The number of mainland visitors to Macau during the Lunar New Year period has surpassed pre-epidemic levels in 2019, with an average hotel occupancy rate of 95% far exceeding expectations. Strong tourism momentum should further boost Macau's midfield earnings, and Sands China will continue to be the main beneficiary.
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