Futu News reported on April 29 that the three major indices in the Hong Kong stock market showed mixed results, $Hang Seng Index (800000.HK)$ up 0.16%, $Hang Seng TECH Index (800700.HK)$ up 0.62%, $Hang Seng China Enterprises Index (800100.HK)$ Down 0.15%.
by the close, there were 1,135 stocks up, 882 down, and 1,111 remained flat.
The specific industry performance is shown in the picture below:
In the Sector, the Network Technology stocks showed mixed results. MEITUAN-W rose by 2.88%, JD-SW rose by 1.90%, TENCENT fell by 1.09%, KUAISHOU-W rose by 0.30%, BAIDU GROUP-SW fell by 0.29%, NTES-S rose by 0.24%, Alibaba-W fell by 0.17%, and XIAOMI-W fell by 0.11%.
Tea beverage stocks collectively rose, with NAIXUE'S TEA increasing by over 8%, GUMING up by over 2%, and MIXUE GROUP rising by over 3%.
Some intelligent driving concept stocks went up, with SUTECH JUCHUANG rising over 4%, LEAPMOTOR increasing over 8%, and HORIZON ROBOTICS climbing nearly 14%.
Digital Health stocks showed broad gains, with ALI HEALTH up 7.16%, MINDRAY HEALTH rising 5.49%, PA GOODDOCTOR increasing 2.90%, DINGDANG HEALTH dropping 2.86%, JD HEALTH rising 1.52%, and ZA ONLINE gaining 0.72%.
Lithium Battery stocks were mixed, with LEOCH INT'L rising 7.76%, Tianqi Lithium Corporation increasing 2.89%, BYD COMPANY falling 2.57%, GANFENGLITHIUM up 2.03%, TIANNENG POWER increasing 1.39%, CHAOWEI POWER dropping 0.74%, BYD ELECTRONICS rising 0.63%, and ZHONGCHUANGXINHANG up 0.49%.
Most Biotechnology stocks showed varied performance, with REMEGEN falling 10.75%, SKB BIO-B rising 9.79%, EVEREST MED-B up 9.75%, WUXI APPTEC increasing 4.21%, JUZIBIO up 1.58%, BEIGENE rising 1.57%, WUXI BIO increasing 1.09%, and AKESO up 0.11%.
Dining stocks performed impressively, with NAIXUE'S TEA rising 8.16%, YUM CHINA up 2.04%, HAIDILAO increasing 1.70%, SUPER HI rising 1.18%, LITTLE GARDEN up 0.87%, JIUMAOJIU increasing 0.78%, and TANZAI INTERNATIONAL up 0.68%.
The stock performance of alcoholic beverages is mixed; Dynasty Wines increased by 6.67%, PALINDA GROUP rose by 5.00%, TSINGTAO BREW fell by 4.07%, SAN MIGUEL HK decreased by 2.82%, BUD APAC dropped by 0.98%, CHINA RES BEER declined by 0.91%, and ZJLD fell by 0.15%.
In terms of individual stocks,$ROBOSENSE (02498.HK)$Increased by over 4%, the Ministry of Industry and Information Technology is accelerating the development of mandatory national standards for autonomous driving system safety requirements, and the company has recently reached a strategic partnership with SAIC Volkswagen.
$MAO GEPING (01318.HK)$Increased by nearly 9%, Institutions indicate significant domestic product substitution potential, which may continue to experience valuation premium.
$GUOQUAN (02517.HK)$Increased by nearly 13%, the full circulation of H shares has been approved by the China Securities Regulatory Commission, and Shareholders committed to a six-month ban on selling.
$LAOPU GOLD (06181.HK)$Increased by over 6%, Institutions say that fixed price Gold categories benefit more from the rising gold prices.
$HORIZONROBOT-W (09660.HK)$Increased by nearly 14%, recently reached a strategic cooperation with DENSO, Institutions indicate that the Industry Chain's prosperity is certainly on the rise.
$MEITUAN-W (03690.HK)$Increased by nearly 3%, Institutions expect that the competitive landscape of the takeaway industry will remain stable, and platform value is expected to be released in the long term.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
In terms of the Stock Connect, today the Hong Kong Stock Connect (Southbound) had a net outflow of 6.424 billion Hong Kong dollars.
Institutional views
Bank of America raises the Target Price for Jiangxi Copper to 10 Hong Kong dollars and increases this year's forecast for net profit after tax.
Bank of America Securities released a research report stating that $JIANGXI COPPER (00358.HK)$ net profit in the first quarter increased by 14% year-on-year, decreased by 1% quarter-on-quarter to 1.95 billion yuan, beating expectations, while revenue fell by 9% year-on-year to 112 billion yuan. The firm believes that the first-quarter performance benefited from a high proportion of contract processing fees (TC), favorable by-product prices, and potential sales growth. The company guided a production of 2.37 million tons of Copper Cathode, 139 tons of Gold, 1,243 tons of Silver, and 6.53 million tons of Copper Sulfate this year.
Citi: HSBC's overall performance in the first quarter was strong, with a buyback scale of 3 billion US dollars being encouraging.
Citi issued a report stating that $HSBC HOLDINGS (00005.HK)$ In the first quarter, the basic profit before tax (excluding special items) was 9.8 billion USD, exceeding market expectations by 15%, with revenue up 6% in the quarter, costs down 4%, and impairment losses slightly up by 1%. The bank pointed out that HSBC Holdings' first quarter revenue exceeded expectations, mainly driven by non-interest income (up 15%), while the bank's net interest income met expectations. The group's first quarter profit before tax was 9.5 billion USD, exceeding market expectations by 21%, benefiting from lower-than-expected restructuring costs. The group maintained a dividend of 10 cents per share and a share buyback program of up to 3 billion USD (which is encouraging following the smaller buyback in the previous quarter).
Citi: WUXI APPTEC's first quarter performance was strong, and it has been given a 'Buy' rating.
Citi published a report stating that $WUXI APPTEC (02359.HK)$ In the first quarter of this year, revenue reached 9.7 billion yuan, a year-on-year growth of 21%, while continuing operating business grew by 23% year-on-year; net income was 3.7 billion yuan, a year-on-year growth of 89%, and grew by 14.5% after excluding one-time items. Performance was strong, with revenue and net income exceeding the bank's estimates by 4% and 10%, respectively. Gross margin increased from 38.1% in the first quarter of last year to 42.3% in the first quarter of this year. Further benefiting from a decrease in management expense ratio by 290 basis points, operating profit margin expanded from 24% in the first quarter of last year to 31.2%. Net profit margin reached 38% in the first quarter of this year, higher than 24.3% in the first quarter of last year. The bank mentioned that WUXI APPTEC's TIDES business grew very strongly, with a year-on-year growth of 47% in the order backlog for continuing operating business in the first quarter of this year, maintaining rapid growth compared to the 47% growth for the full year of 2024. The bank gave it a 'Buy' rating with a target price of 92 HKD.
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