Futu News reported on December 23 that the three major Hang Seng Indexes closed up collectively, $Hang Seng Index (800000.HK)$ up 0.82%, $Hang Seng TECH Index (800700.HK)$ up 0.31%, $Hang Seng China Enterprises Index (800100.HK)$up 0.98%.
As of the close, 1,006 stocks rose in the Hong Kong market, 878 fell, and 1,211 closed flat.
The specific industry performance is shown in the following figure:
In the Sector, some Theater stocks strengthened, EMPEROR CULTURE rose by 16.67%, ALI PICTURES rose by 8.51%, and Straw Bear rose by 3.64%.
Network Technology stocks showed mixed results, JD HEALTH rose by 3.9%, KUAISHOU-W fell by 0.7%, Alibaba-W rose by 1.12%, and JD-SW rose by 1.6%.
Most Aviation stocks rose, with Air China Limited increasing by 4.98%, China Southern Airlines rising by 3.69%, and China Eastern Airlines growing by 2.77%.
Most China Mainland Banking stocks rose, with Industrial And Commercial Bank Of China up 4.96% and BANK OF TIANJIN up 4.22%.
In terms of individual stocks, $EAST BUY (01797.HK)$ This rose by 5.87%, EAST BUY's WeChat official account recently announced that a new 'gift giving' feature has been launched in the WeChat store.
$LAEKNA-B (02105.HK)$With a rise of over 5%, the company is accelerating the clinical development of LAE102, and Institutions are Bullish on the future commercialization of the company's products.
$ASCLETIS-B (01672.HK)$Increased by over 13%, the research progress of ASC47 and ASC30 for the treatment of obesity is proceeding smoothly.
$REFIRE (02570.HK)$With a rise of over 10%, recently received over 0.3 billion Hong Kong dollars in shareholding from Ding Chuang Hong Kong, the company focuses on hydrogen fuel cell systems.
$CSTONE PHARMA-B (02616.HK)$With an increase of nearly 3%, the major product CS2009 has submitted a clinical trial application in Australia.
Today's transaction volume TOP10
Hong Kong Stock Connect funds
Regarding the Stock Connect, there was a net inflow of 3.61 billion Hong Kong dollars in Southbound Stock Connect today.
Institutional perspective
MORGAN STANLEY: The gift-giving feature on WeChat can drive related e-commerce revenue in the long run, reiterating a "Shareholding" rating for TENCENT.
Morgan Stanley released a research report stating, $TENCENT (00700.HK)$ that the WeChat public e-commerce platform, WeChat Store, launched a gray testing of the "gift-giving" feature, allowing users to purchase items worth less than 0.01 million yuan as gifts and directly give them to WeChat friends. The gifting feature is similar to the WeChat red envelope format, believed to align with the development strategy of WeChat Store, which is to build a unified and credible e-commerce platform for users by utilizing WeChat's ecosystem, while providing indexed and standardized commodities.
Morgan Stanley expects that after the full launch of the new feature, more merchants will be attracted to join WeChat Mini Stores, which will bring upward potential for e-commerce-related transactions and advertising revenue in the long run. On the other hand, considering the strong market competition, Morgan Stanley believes that TENCENT's increasing focus on developing Mini Store business may cause concerns among peers in the e-commerce industry. It reiterates its 'Shareholding' rating and continues to list it as a preferred stock, with a Target Price of 570 Hong Kong dollars.
China International Capital Corporation: Maintains Tencent's "Outperform Industry" rating. The progress of WeChat's e-commerce proves its growth potential.
CICC released a report indicating that WeChat recently announced the testing of a 'Gift Giving' feature, which allows users to gift or receive products from WeChat Mini Stores in a manner similar to sending WeChat red envelopes. The firm believes that this move, which uses user interaction, could accelerate the penetration rate of WeChat Mini Stores, but the final situation still needs to be observed. At the same time, under this context, $TENCENT (00700.HK)$ the adjusted PE for 2025 is 14 times. The progress of WeChat e-commerce proves that TENCENT has growth potential, likely providing continuous returns for investors. CICC maintains a Target Price of 468 Hong Kong dollars for TENCENT with an 'Outperform Industry' rating.
Minsheng Securities: The gray testing of the 'Gift Giving' feature for WeChat Mini Stores brings opportunities to the Industry Chain, with attention on EAST BUY.
Minsheng Securities issued a report stating that before the holiday season of Christmas, New Year's Eve, and Spring Festival, the gray testing of the 'Gift Giving' feature for WeChat Mini Stores marks the $TENCENT (00700.HK)$ The continuous upgrade of the WeChat e-commerce under its umbrella has further opened up market expectations for TENCENT's commercialization of WeChat. The bank pointed out that it values this round of valuation enhancement cycle for TENCENT, while paying attention to opportunities for relevant participants in the Industry Chain, focusing on the monetization of sellers' Commodities, such as $EAST BUY (01797.HK)$ and so on.
Editor/Danial
