Hong Kong Market Quick View | Hong Kong stocks soared across the board! The technology index surged over 5%; Network Technology stocks rose, with Tencent gaining over 7% and Xiaomi reaching a historic high again.

Futu News · Feb 14 16:27

富途资讯2月14日消息，港股三大指数齐涨， $恒生指数 (800000.HK)$涨3.69%， $恒生科技指数 (800700.HK)$涨5.56%， $国企指数 (800100.HK)$涨4.11%。

截至收盘，港股上涨1436只，下跌651只，收平1007只。

具体行业表现如下图：

板块方面，科网股齐涨，哔哩哔哩-W涨14.96%，商汤-W涨7.69%，快手-W涨7.65%，京东集团-SW涨7.59%，腾讯控股涨7.42%，小米集团-W涨7.32%，美团-W涨6.39%，阿里巴巴-W涨6.34%。

互联网医疗股普涨，阿里健康涨29.10%，众安在线涨20.13%，平安好医生涨17.95%，叮当健康涨15.15%，京东健康涨7.56%，麦迪卫康涨5.32%。

生物技术股纷纷上行，泰格医药涨12.59%，药明生物涨11.75%，药明康德涨9.96%，晶泰控股-P涨9.26%，百济神州涨8.45%，金斯瑞生物科技涨8.12%，药明合联涨7.51%，康方生物涨7.40%。

手游股纷纷上行，哔哩哔哩-W涨14.96%，腾讯控股涨7.42%，金山软件涨6.80%，心动公司涨5.34%，网龙涨4.95%，创梦天地涨3.59%，博雅互动跌1.93%，网易-S涨1.04%。

锂电池股上扬，比亚迪股份涨7.43%，比亚迪电子涨5.09%，中创新航跌3.76%，赣锋锂业涨3.59%，天齐锂业涨3.53%，天能动力涨2.71%，理士国际涨2.15%。

汽车股上扬，比亚迪股份涨7.43%，长城汽车涨7.33%，小鹏汽车-W涨5.94%，蔚来-SW涨5.66%，吉利汽车涨4.13%，理想汽车-W涨3.78%，华晨中国涨3.44%，雅迪控股涨2.20%。

个股方面，$老铺黄金 (06181.HK)$涨11.04%，屡创新高，情人节活动助力，有顾客称排队6小时挤不进店门。

$瑞声科技 (02018.HK)$盈喜后涨3.11%，预计去年综合净利同比增长约130%至145%。

$美图公司 (01357.HK)$涨10.47%，去年经调整净利最高预增六成，获多家大行唱好。

$万国数据-SW (09698.HK)$涨18.83%，公司澄清海外业务IPO传闻，大摩建议关注阿里巴巴AI相关投资。

$腾讯控股 (00700.HK)$涨7.42%，宣布旗下腾讯元宝接入DeepSeek R1模型。

$比亚迪股份 (01211.HK)$涨7.43%，一度创新高，节后车市有望进入回暖周期。

$吉利汽车 (00175.HK)$涨4.13%，据报吉利将与雷诺在巴西扩大合作，合作具体细节仍在考虑中。

$哔哩哔哩-W (09626.HK)$涨14.96%，此前推出商业化AIGC平台，里昂料上季游戏及广告增长强劲。

$金山云 (03896.HK)$涨20.09%，月内涨幅已超80%，公司为金山及小米生态核心云服务商。

$香港交易所 (00388.HK)$涨4.3%，香港证监会及港交所拟放宽内地公司上市规则。

今日成交额TOP10

港股通资金

港股通方面，今日港股通（南向）净流入77.13亿港元。

机构观点

花旗：阿里巴巴确认与苹果合作带来正面影响，股价仍有上涨空间

花旗发表研报指，通过与 $阿里巴巴-W (09988.HK)$ 的合作，苹果将能够在中国提供在地化版本的Apple Intelligence，以满足监管要求。另外，阿里巴巴被苹果选中，印证了阿里巴巴在人工智能模型及技术能力的进步。花旗相信，除了许可条款之外，阿里巴巴亦可能受惠于大量应用程序开发人员的涌入，他们会在iPhone上升级或发布他们的人工智能相关应用程序，并考虑将通义千问或阿里云，作为他们的模型或云端服务选择，这将开辟无限的人工智能或云端相关的货币化机会。

花旗提及，尽管阿里巴巴过去数周的股价表现强劲，但该行相信，鉴于未来采用通义千问或阿里云服务，其股价仍有上涨空间，故重申阿里巴巴美股及港股的“买入”评级，同时维持目标价分别于138美元及137港元。

中银国际：上调恒指今年底目标至25700点，DeepSeek成功可提高中资科技股估值

中银国际发表报告，由于国产大模型深度求索(DeepSeek)的成功，该行认为港股有很大机会获估值重评，DeepSeek的成功大大增强了投资者对中国科技未来发展的信心，并且中央承诺将继续推出更多宽松的货币和积极的经济政策，港股最近数日出现强劲上升。中银国际上调 $恒生指数 (800000.HK)$ 至今年12月底预测，由先前的22000点升至25700点，相当于预测今年市盈率11.7倍。

大摩：上调中芯国际目标价至38港元，订单成长动能可能延续到第二季

摩根士丹利发表研报指，受消费补贴及先进节点需求推动， $中芯国际 (00981.HK)$ 2025财年首季营收及毛利率指引超出预期，至于成熟节点价格竞争可能在今年下半年加剧。大摩引述中芯管理层指引，2025财年首季营收将增长6%至8%，毛利率将达19%至21%，超过该行及市场预期。

管理层亦指，中央今年首季对智能手机及个人计算机的消费补贴，可能推动终端销售增长15%至20%。加上顾客为因应美国关税变化而提前囤货，导致中芯在今年首季出现急单，而这种订单成长动能很可能延续到第二季。

编辑/danial

Futu News reported on February 14 that the three major Hong Kong indices all rose, $Hang Seng Index (800000.HK)$Up 3.69%, $Hang Seng TECH Index (800700.HK)$Up 5.56%, $Hang Seng China Enterprises Index (800100.HK)$Up 4.11%.

As of the market close, 1436 stocks in the Hong Kong market rose, 651 fell, and 1007 remained flat.

The specific industry performance is shown in the picture below:

In terms of sectors, Network Technology stocks surged, with Bilibili increasing by 14.96%, SenseTime-W rising by 7.69%, Kuaishou-W up by 7.65%, JD-SW growing by 7.59%, TENCENT going up by 7.42%, XIAOMI-W increasing by 7.32%, MEITUAN-W rising by 6.39%, and Alibaba-W gaining 6.34%.

Digital Health stocks generally rose, with ALI HEALTH increasing by 29.10%, ZA ONLINE up by 20.13%, PA GOODDOCTOR rising by 17.95%, Dingdang Health increasing by 15.15%, JD HEALTH growing by 7.56%, and Maidi Weikang up by 5.32%.

Biotechnology stocks went up, with TIGERMED rising by 12.59%, WUXI BIO increasing by 11.75%, WUXI APPTEC up by 9.96%, Jingtai Holdings-P rising by 9.26%, BEIGENE increasing by 8.45%, GENSCRIPT BIO up by 8.12%, WUXI XDC rising by 7.51%, and AKESO increasing by 7.40%.

Mobile Game stocks generally rose, with Bilibili-W increasing by 14.96%, TENCENT rising by 7.42%, KINGSOFT up by 6.80%, XD INC increasing by 5.34%, NETDRAGON up by 4.95%, IDREAMSKY rising by 3.59%, BOYAA falling by 1.93%, and NTES-S gaining 1.04%.

Lithium Battery stocks were up, with BYD Company rising by 7.43%, BYD Electronics increasing by 5.09%, Zhongchuang Xinhang falling by 3.76%, GANFENGLITHIUM increasing by 3.59%, Tianqi Lithium Corporation rising by 3.53%, TIANNENG POWER up by 2.71%, and LEOCH INT'L rising by 2.15%.

Autos stocks rose, with BYD Company increasing by 7.43%, Great Wall Motor up by 7.33%, XPENG-W rising by 5.94%, NIO-SW increasing by 5.66%, Geely Automobile rising by 4.13%, LI AUTO-W gaining 3.78%, BRILLIANCE CHI up by 3.44%, and YADEA increasing by 2.20%.

In terms of individual stocks,$LAOPU GOLD (06181.HK)$Up 11.04%, repeatedly reaching new highs, Valentine's Day activities boosted sales, with customers claiming to wait for 6 hours and still unable to get into the store.

$AAC TECH (02018.HK)$After the earnings surprise, it rose 3.11%, expecting the comprehensive net profit last year to increase by about 130% to 145% year-on-year.

$MEITU (01357.HK)$Up 10.47%, adjusted net profit last year expected to increase by up to 60%, receiving praise from multiple major institutions.

$GDS-SW (09698.HK)$Up 18.83%, the company clarifies rumors of overseas business IPO, Morgan Stanley recommends focusing on Alibaba's AI-related investments.

$TENCENT (00700.HK)$Increased by 7.42%, announcing that its Tencent Yuanbao has integrated the DeepSeek R1 model.

$BYD COMPANY (01211.HK)$Increased by 7.43%, reaching a new high at one point, and the automotive market is expected to enter a warming cycle after the holiday.

$GEELY AUTO (00175.HK)$Increased by 4.13%, reported that Geely will expand cooperation with Renault in Brazil, with specific cooperation details still under consideration.

$BILIBILI-W (09626.HK)$Increased by 14.96%, previously launched a commercial AIGC platform, and Lyon expects strong growth in games and advertising last season.

$KINGSOFT CLOUD (03896.HK)$Up 20.09%, with a monthly increase exceeding 80%, the company is a core cloud computing service provider for KINGSOFT and XIAOMI.

$HKEX (00388.HK)$Up 4.3%, the Hong Kong Securities and Futures Commission and HKEX plan to relax listing rules for mainland companies.

Today's transaction volume TOP10

Hong Kong Stock Connect funds

Regarding Stock Connect, today the net inflow for Hong Kong Stock Connect (southbound) is 7.713 billion HKD.

Institutional Views

Citi: Alibaba confirms positive impact from cooperation with Apple, and the stock price still has room for growth.

Citi released a Research Report indicating that, through cooperation with $BABA-W (09988.HK)$ Apple will be able to offer a localized version of Apple Intelligence in China to meet regulatory requirements. Additionally, Alibaba being selected by Apple confirms Alibaba's advancements in AI models and technology capabilities. Citi believes that, in addition to licensing terms, Alibaba could also benefit from a surge of application developers who will upgrade or release their AI-related applications on iPhone and consider Tongyi Qianwen or Alibaba Cloud as their model or cloud service options, which will open up endless monetization opportunities related to AI or cloud services.

Citi mentioned that although Alibaba's stock price has performed strongly in the past few weeks, the firm believes that given the future adoption of Tongyi Qianwen or Alibaba Cloud services, there is still room for the stock price to increase. Therefore, it reaffirms the 'Buy' rating for Alibaba's U.S. and Hong Kong stocks, while maintaining the Target Price at $138 and HKD 137, respectively.

Bank of China International: Raised the Hang Seng Index year-end target to 25,700 points; DeepSeek's success can enhance the valuation of Chinese technology stocks.

Bank of China International published a report, noting that due to the success of domestically produced large model DeepSeek, the firm believes there is a significant chance for Hong Kong stocks to be revalued. The success of DeepSeek has greatly enhanced investor confidence in the future development of China's technology sector, and the central government has committed to continuing to implement more accommodative monetary and proactive economic policies. Recently, Hong Kong stocks have seen strong increases. Bank of China International raised $Hang Seng Index (800000.HK)$ It is predicted that by the end of December this year, the index will rise from 22,000 points to 25,700 points, corresponding to a forecasted PE ratio of 11.7 times for this year.

Morgan Stanley has raised the Target Price for Semiconductor Manufacturing International Corporation to 38 HKD, with Order growth momentum likely to continue into the second quarter.

Morgan Stanley released Research Reports indicating that the demand driven by Consumer subsidies and advanced node needs. $SMIC (00981.HK)$ The guidance for the first quarter of FY 2025 indicates that revenue and gross margin exceeded expectations, while price competition in mature nodes may intensify in the second half of this year. Morgan Stanley quoted guidance from Semiconductor Manufacturing International Corporation's management, stating that revenue for the first quarter of FY 2025 will grow by 6% to 8%, and gross margin will reach 19% to 21%, exceeding the bank's and market expectations.

Management also indicated that the central government's consumption subsidies for smart phones and personal computers in the first quarter of this year might drive terminal sales growth of 15% to 20%. Additionally, customers, in response to changes in U.S. tariffs, have stockpiled in advance, leading to Semiconductor Manufacturing International Corporation experiencing urgent Orders in the first quarter of this year, and this Order growth momentum is likely to continue into the second quarter.

Editor/danial

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

港市速睇 | 港股全线飙升！科指暴涨逾5%；科网股纷纷上扬，腾讯升超7%，小米再创历史新高