Futu News reported on April 28 that the three major Hong Kong stock indexes showed mixed results, $Hang Seng Index (800000.HK)$ Down 0.04%. $Hang Seng TECH Index (800700.HK)$ up 0.12%, $Hang Seng China Enterprises Index (800100.HK)$closing flat.
As of the close, 917 stocks in Hong Kong rose, 1,077 fell, and 1,134 closed flat.
The specific industry performance is shown in the picture below:
In terms of sectors, Network Technology stocks exhibited mixed performance, JD-SW rose by 2.18%, NTES-S fell by 0.85%, Baidu SW declined by 0.80%, MEITUAN-W increased by 0.63%, XIAOMI-W dropped by 0.42%, Alibaba-W fell by 0.35%, KUAISHOU-W decreased by 0.20%, and TENCENT remained unchanged.
Consumer stocks strengthened, with POP MART increasing by over 12% and Guming rising by over 11%.
Most Apple Supplier stocks declined, BYD Electronics fell by 8.49%, COWELL dropped by 4.69%, TK GROUP HLDG decreased by 2.54%, AAC TECH declined by 2.19%, FIH rose by 1.35%, SUNNY OPTICAL fell by 1.08%, VSTECS dropped by 0.67%, and Q TECH decreased by 0.16%.
Lithium Battery stocks exhibited divergence, with BYD Electronics falling by 8.49%, BYD Company dropping by 3.98%, LEOCH INT'L rising by 3.79%, HONBRIDGE increasing by 1.22%, Tianqi Lithium Corporation decreasing by 1.10%, China Innovation Aviation falling by 0.97%, TIANNENG POWER rising by 0.62%, and GANFENGLITHIUM dropping by 0.21%.
Autos stocks showed mixed performance, with Guangzhou Automobile Group falling by 4.83%, BYD Company decreasing by 3.98%, LEAPMOTOR rising by 2.73%, LI AUTO-W increasing by 1.65%, Great Wall Motor gaining 1.57%, Geely Automobile dropping by 1.13%, XPeng Motors falling by 0.90%, and NIO-SW declining by 0.32%.
Most Coal Industrial Concept stocks declined, with MONGOL MINING rising by 5.45%, China Shenhua Energy falling by 4.22%, YANKUANG ENERGY increasing by 3.36%, PER ENERGY rising by 2.74%, and China Coal Energy increasing by 0.62%.
Building Materials stocks weakened, with GUIXIN GROUP falling by 11.05%, BBMG Corporation declining by 2.78%, CHINA LESSO dropping by 2.15%, CONCH CEMENT decreasing by 1.79%, CNBM falling by 1.76%, Huaxin Cement dropping by 1.59%, and WESTCHINACEMENT decreasing by 0.64%.
In terms of individual stocks,$XTEP INT'L (01368.HK)$Up nearly 7%, with strong retail momentum in the first quarter, management believes the impact of tariffs is limited.
Alibaba-backed$CHINA DONGXIANG (03818.HK)$Up over 10%, with Kappa brand store retail revenue experiencing a mid-to-high single-digit decline in the fourth fiscal quarter.
$BLOKS (00325.HK)$Increased by over 13%, the IP toy market continues to maintain high prosperity, and Institutions indicate that the company's new product rhythm will accelerate with high growth expected.
$POP MART (09992.HK)$Increased by over 12%, the Labubu phenomenon has broken the circle, helping the official app reach the top of the US App STORE shopping chart.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
Regarding the Hong Kong Stock Connect, today's net inflow to the Hong Kong Stock Connect (southbound) is 2.03 billion Hong Kong dollars.
Research Reports
Citi: Maintains a "High Conviction Outperform" rating for BYD, indicating that its advantages will be further consolidated.
Citi published a report indicating that two emerging trends will reshape the mainland electric vehicle market: the differentiation of buyer focus between the mass market and vehicles priced above 200,000 yuan, and the closing growth window for new entrants, leading to a winner-takes-all game. The firm pointed out, $BYD COMPANY (01211.HK)$ The market share is already quite high, and the expectation is that the continuous rollout of new technologies and a strong new car cycle will further consolidate its advantage. The firm predicts BYD's profit per vehicle for the current quarter to maintain 9,000 yuan, and as export contributions increase in the second half of the year, profits will rise to over 10,000 yuan per vehicle. The firm maintains its target price for BYD H-shares at 483 Hong Kong dollars and maintains the 'highly confident outperform' rating.
Citi: Raised the target price for CHOW TAI FOOK to 10.2 Hong Kong dollars and raised the adjusted earnings forecast for the fiscal years 2025 to 2027.
Citi published a research report, responding to the latest operating performance for the fourth fiscal quarter ending March this year and the strong gold prices that may drive gross margin improvements. $CHOW TAI FOOK (01929.HK)$ Forecasts for adjusted net profit (excluding losses from gold hedging) for the fiscal years 2025 to 2027 have been raised by 19%, 11%, and 4%, respectively. However, considering that the anticipated rise in gold prices is stronger than expected, which may lead to significant losses from outstanding gold hedging, Citi has downgraded its forecast for CHOW TAI FOOK's net profit for fiscal year 2025 by 17%, while the forecasts for fiscal years 2026 and 2027 remain largely unchanged. The target price has been raised from 9.9 Hong Kong dollars to 10.2 Hong Kong dollars, maintaining the 'Buy' rating.
Bank of America: Raised the target price for CSPC PHARMA to 5.1 Hong Kong dollars and raised sales forecasts for this year to 2027.
The research report from Bank of America Securities states that $CSPC PHARMA (01093.HK)$ The main drugs, namely butylphthalide, pegfilgrastim, doxorubicin, and paclitaxel, recorded sales of 0.368 billion yuan, 0.103 billion yuan, 90.8 million yuan, and 30.7 million yuan in February, representing year-on-year declines of 0.6%, 25.3%, 20.6%, and 16.6%, and month-on-month declines of 40.5%, 41.8%, 29.7%, and 40.1%. Based on the company's performance in February, Bank of America Securities has raised its overall sales forecasts for this year through 2027 by 0.5%, 0.5%, and 0.4%, respectively, increasing the target price from 4.5 HKD to 5.1 HKD, while reiterating a "underperform" rating.
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