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港股三大指数集体走强 汽车和家电股获市场利好提振

The three major Hong Kong stock indices all strengthened, with the Autos and Home Appliances benefiting from market bullish support.

cls.cn ·  Jan 16 08:47

① Recently, the Hong Kong stock market has continued to rebound. Has the market's short selling situation improved? ② After the household appliance subsidy policy is officially implemented, how do Institutions view the future performance of the Home Appliances Industry?

According to the Financial Associated Press on January 16 (editor Hu Jiarong), the three major Hong Kong stock indices have collectively strengthened today. By the close, the Hang Seng Index rose 1.23%, closing at 19,522.89 points; the Technology Index rose 1.23%, closing at 4,417.37 points; and the Hang Seng China Enterprises Index rose 1.24%, closing at 7,098.76 points.

Note: The performance of the Hang Seng Index since December 19.

It is worth noting that the Hang Seng Index has rebounded from below 19,000 points on Monday this week to around 19,500 points now. However, the market's short selling situation remains high. By the close, the short selling ratios for the Hang Seng Index, Technology Index, and Hang Seng China Enterprises Index were 20.17%, 20.04%, and 20.61%, respectively.

Today's market

From the market performance, related stocks in Autos, Home Appliances, and Gold are leading the gains.

The automobile subsidy policy will be announced tomorrow. Xiaopeng Motors rose nearly 7%.

Among automobile stocks, Xiaopeng Motors-W (09868.HK), Geely Automobile (00175.HK), and Guangzhou Automobile Group (02238.HK) rose by 6.99%, 3.82%, and 2.63%, respectively.

Note: Performance of auto stocks.

According to several informed sources, the implementation details of subsidies for purchasing new vehicles in the automotive sector are planned to be released this Friday.

The appliance subsidy has boosted related stocks, with TCL ELECTRONICS rising over 7%.

Among the home appliance stocks, TCL ELECTRONICS (01070.HK), HISENSE HA (00921.HK), and HAIER SMARTHOME (06690.HK) rose by 7.75%, 3.56%, and 2.03%, respectively.

Note: Performance of home appliance stocks.

In terms of news, the Ministry of Commerce and other departments released a notice yesterday regarding the promotion of appliance replacement programs for 2025. The notice specifies the range of appliances eligible for subsidies and the specific subsidy amounts. Consumers purchasing refrigerators, washing machines, televisions, and other home appliances that meet the level 2 energy efficiency or water efficiency standards will receive subsidies.

Previously, a research report from HAITONG SEC indicated that the retail sales of home appliances in 2025 are expected to see both volume and price increases. Leading enterprises in terms of domestic sales revenue are expected to achieve steady growth, and the trade-in program is likely to significantly boost the average sales price of home appliances, leading to an expected increase in appliance companies' profit margins. With the trend of declining interest rates, the dividend yield of leading home appliance stocks remains attractive, recommending TCL ELECTRONICS and other leading white and black appliances.

The expectation of interest rate cuts by the Federal Reserve boosted gold prices, with LINGBAO GOLD rising nearly 4%.

Among the Golden Industrial Concept stocks, LINGBAO GOLD (03330.HK), CHI SILVER GP (00815.HK), and Zijin Mining Group (02899.HK) rose by 3.86%, 3.66%, and 2.49% respectively.

Note: Performance of gold stocks

In news, local time on Wednesday, data released by the US Department of Labor showed that due to rising costs of Energy products, the overall CPI in the USA for December slightly exceeded expectations. However, core CPI data saw a slowdown for the first time in several months, sparking optimism in the market.

Following this data release, the market increased bets on the Federal Reserve lowering interest rates in June, raising the possibility of two rate cuts this year. Stimulated by this, Precious Metals showed strong performance, with spot Gold reaching the 2700 USD/ounce mark last night.

As of the press time, COMEX Gold increased by 0.37%, priced at $2,727.80.

Individual stock movements.

[Song Li Pharmaceutical has risen more than 50% over 19 trading days]

Song Li Pharmaceutical (01672.HK) increased by 13.44%, with a cumulative increase of 52.52% since it started rising on December 18 of last year. In terms of news, Song Li Pharmaceutical previously announced the preclinical weight loss data of ASC47, a candidate drug for obesity treatment, combined with Semaglutide. The ASC47 combined with Semaglutide treatment showed better results in weight loss and muscle total volume ratio in preclinical results compared with Semaglutide alone.

[Q TECH rises over 9%, Institutions raise Target Price by 32% to 6.42 yuan]

Q TECH (01478.HK) rose by 9.53%, closing at 6.32 Hong Kong dollars. In news, China International Capital Corporation raised its Target Price by 32% to 6.42 Hong Kong dollars, maintaining an outperform rating on the Industry.

The translation is provided by third-party software.


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