Futu news on October 9th, the Hong Kong stock market fluctuated today, the three major indexes rose in the afternoon and then fell, the science and technology index surged nearly 4% at midday, but closed down over 1%; the Hang Seng Index and the science and technology index surged nearly 2% in the afternoon but closed down over 1%.
As of the close, 500 Hong Kong stocks rose, 1775 fell, and 795 remained unchanged.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks weakened, SenseTime-W fell by 4.92%, Kuaishou-W fell by 3.42%, Meituan-W rose by 2.33%, Xiaomi Group-W fell by 1.69%, Alibaba-W fell by 1.53%, Tencent fell by 1.00%, Baidu-SW fell by 0.95%, JD-SW fell by 0.86%.
Securities and brokerage stocks weakened, Shenwan Hongyuan fell by 18.21%, Orient fell by 13.87%, Huatai Securities fell by 13.42%, CSC fell by 12.95%, China Merchants fell by 11.06%, CICC fell by 10.41%, China Galaxy fell by 8.98%, GF Securities fell by 8.56%.
Property sector declined, Shimao Group rose by over 3%, R&F Properties rose by over 3%, China Resources Land fell by nearly 3%, China Vanke fell by nearly 9%, Sino-Ocean Group fell by nearly 6%, CIFI Holdings fell by nearly 5%, Sunac China fell by nearly 4%.
Mainland insurance companies showed mostly declines, AIA rose by nearly 1%, China Life Insurance fell by over 3%, Ping An Insurance fell by over 4%, China Pacific Insurance fell by over 3%, New China Life Insurance fell by nearly 2%, ZhongAn Online fell by nearly 6%.
Building materials stocks softened, BBMG Corporation fell by 10.71%, CNBM fell by 9.15%, Asia Cement (China) fell by 8.21%, China Lesso fell by 7.73%, Huaxin Cement fell by 6.69%, CR Building Materials Technology fell by 6.06%, Conch Cement fell by 5.65%, Westchina Cement fell by 4.31%.
Shares in digital health weakened, Dingdang Health fell by 14.06%, Ali Health fell by 7.08%, Zhongan Online fell by 5.75%, JD Health fell by 3.57%, Ping An Good Doctor fell by 2.71%, and Mediwelcome held steady.
Shipping and port stocks weakened, Cosco Shipping Energy fell by 9.46%, Cosco Shipping Holdings fell by 7.80%, Pacific Basin fell by 4.66%, OOIL fell by 4.14%, Cosco Shipping Port fell by 3.74%, China Merchants Port fell by 2.58%, Sinotrans Limited fell by 2.30%, and SITC fell by 1.33%.
Photovoltaic solar energy stocks declined, Flat Glass fell by 10.83%, GCL Tech fell by 9.30%, Xinte Energy fell by 8.36%, Xinyi Energy fell by 5.43%, Xinyi Solar fell by 5.31%, Xinyi Glass fell by 5.11%, Concord NE fell by 3.57%, and Fuyao Glass fell by 1.60%.
In terms of individual stocks, $MEITUAN-W (03690.HK)$ Rising over 2%, Meituan's overseas version, Keeta, launched in the Saudi capital Riyadh.
$XPENG-W (09868.HK)$Increasing by 4%, Xpeng P7+ will debut tomorrow, achieving record high sales in September.
$POP MART (09992.HK)$Up nearly 2%, institutions predict sales growth of over 60% in the third quarter, and the pace of overseas store openings will accelerate.
$BEKE-W (02423.HK)$Up nearly 1%, the real estate market in many places heats up during the holidays, with institutions bullish on its profit potential in the fourth quarter.
$BOC HONG KONG (02388.HK)$ Up nearly 2%, the company's mainland clients in the mainland increased by 40% year-on-year as of the end of September.
$PING AN (02318.HK)$ Falling over 4%, the company experienced heavy block orders selling 0.924 billion yuan today, an increase of 1094.89% compared to the previous period.
$CMSC (06099.HK)$ Falling more than 11%, China Merchants Securities reached a 3-year high, receiving buy recommendation from 6 brokerage firms.
$LAOPU GOLD (06181.HK)$ Rising nearly 4%, the first golden target price for Lao Pu is HK$205, making it the only recommended buy in the Chinese jewelry industry sector.
$HG SEMI (06908.HK)$ With an increase of over 17%, CITIC Securities stated that the Hong Kong semiconductor sector is sending a strong signal, focusing on the restructuring of core semiconductor asset valuations.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
In terms of the Hong Kong stock connect, today the net outflow of Southbound Hong Kong stock connect was 0.638 billion Hong Kong dollars.
Institutional perspective:
Goldman Sachs: Expects Bilibili's profit growth to be sustainable, targeting a net income margin of 10-15% by 2026.
Goldman Sachs released a report stating that since raising the rating to 'buy' on September 26 $BILIBILI-W (09626.HK)$ Investors' concerns have mainly focused on the sustainability of 'Three Kingdoms: The World Will Be Determined,' the expectations for third and fourth quarter game revenue; the company's execution and monetization capabilities in the video platform and advertising business; and the company's long-term profit level and fair valuation in a volatile market environment. Goldman Sachs pointed out that Bilibili's stock price has been volatile recently, with a 50% increase in the past two weeks, despite two recent days of decline, with the expected sustainable profit growth from the third quarter onwards as the company improves its business mix, and aiming to achieve a net income margin of 10-15% by 2026.
Morgan Stanley: Expects strong sales momentum in the mainland property market to continue in the next few weeks, bullish on Rendu and China Resources Mixc Life.
Morgan Stanley released a report stating that major mainland property developers had property sales during the Golden Week better than expected, averaging a 39% year-on-year increase, accounting for 86% of September sales. Among them, $CHINA RES LAND (01109.HK)$Please use your Futubull account to access the feature.$GREENTOWN CHINA (03900.HK)$Please use your Futubull account to access the feature.$CHINA OVERSEAS (00688.HK)$Please use your Futubull account to access the feature.$C&D INTL GROUP (01908.HK)$ Nvidia. $YUEXIU PROPERTY (00123.HK)$ china res land showed the strongest performance because of its high-quality land reserves, as well as having more new saleable resources in first and second-tier cities. The bank expects that with the improvement of market sentiment, the strong sales momentum will continue in the coming weeks, but the sustainability of sales remains a key factor supporting the industry's performance.
Citigroup: AIA's target price is HKD 99, forecasting a 13% increase in new business value in the third quarter.
$AIA (01299.HK)$ Expected to release third-quarter business data at the end of this month, Citigroup released a research report indicating that AIA is expected to deliver resilient performance again. Driven by the steady growth in sales momentum in the Hong Kong market, calculated at actual exchange rates, the forecast for the third quarter's new business value (VoNB) will grow by 13%, slightly slower than the 15% year-on-year growth in the second quarter. Although the quarterly report will not disclose intrinsic value and profit-related data, Citigroup estimates that due to strong stock market performance, AIA's third-quarter performance will improve significantly, giving the company a target price of HKD 99, corresponding to a price-to-value ratio of about 1.9 times the forecasted share price for 2024, with a "buy" rating.
编辑/Wade