Futu News reported on April 30 that the three major Hong Kong stock indices all rose, $Hang Seng Index (800000.HK)$up 0.51%, $Hang Seng TECH Index (800700.HK)$up 1.35%, $Hang Seng China Enterprises Index (800100.HK)$up 0.10%.
By the end of trading, there were 1,158 stocks rising, 817 stocks falling, and 1,152 stocks unchanged.
The specific industry performance is shown in the picture below:
In terms of Sector, most Network Technology stocks rose, XIAOMI-W increased by 5.27%, Alibaba-W rose by 2.17%, NTES-S rose by 1.95%, KUAISHOU-W rose by 1.57%, MEITUAN-W dropped by 1.36%, TENCENT increased by 0.89%, JD-SW dropped by 0.78%, and Baidu-SW fell by 0.23%.
Xiaomi-Backed stocks are strong, KINGSOFT rose more than 7%, and XIAOMI increased more than 5%.
Insurance stocks rose strongly, AIA increased more than 6%, CHINA TAIPING and New China Life Insurance rose more than 3%, and China Life Insurance rose by 1.57%.
AI Concept stocks increased, Kingsoft Cloud rose more than 14%, MAIFUSHI rose more than 10%, FOURTH PARADIGM rose more than 7%, and GDS Holdings rose more than 9%.
Robot Concept stocks collectively increased, WEIGUANG ROBOT rose more than 11%, SUTENG JUCHUANG rose more than 6%, FOURTH PARADIGM rose more than 7%, UBTECH rose 4%, and YUEJIANG rose 1.79%.
Most Hong Kong Retail Stocks rose, BONJOUR HOLD increased by 24.73%, CHOW TAI FOOK rose by 8.46%, LUK FOOK HOLD rose by 2.92%, SAMSONITE dropped by 2.24%, CHOW SANG SANG rose by 2.15%, SA SA INT'L dropped by 1.67%, PRADA fell by 1.22%, and GIORDANO INT'L rose by 0.68%.
Insurance stocks rose, AIA increased by 6.51%, CHINA TAIPING rose by 3.66%, New China Life Insurance rose by 3.47%, PICC P&C rose by 3.03%, PICC GROUP rose by 2.91%, China Life Insurance rose by 1.57%, and Ping An Insurance rose by 0.98%.
The semiconductor stocks performed well, SHANGHAI FUDAN rose by 4.10%, SOLOMON SYSTECH rose by 2.63%, Semiconductor Manufacturing International Corporation rose by 2.51%, BEIKONG WEI rose by 1.60%, INNOCERA fell by 1.44%, HUA HONG SEMI rose by 1.43%, CE HUADA TECH fell by 0.71%, SMART-CORE rose by 0.56%.
Most bank stocks fell, with CM BANK down 4.61%, BOC HONG KONG up 4.04%, Industrial And Commercial Bank Of China down 2.92%, China Construction Bank Corporation down 2.86%, Agricultural Bank Of China down 1.86%, Postal Savings Bank Of China down 1.44%, HSBC Holdings down 1.41%, and Bank Of China down 0.46%.
Most of the Golden Industrial Concept stocks fell, Chifeng Jilong Gold Mining fell by 2.49%, SD GOLD fell by 1.94%, TONGGUAN GOLD fell by 1.65%, Zijin Mining Group fell by 1.28%, ZHAOJIN MINING fell by 1.18%, PERSISTENCE RES rose by 0.85%, LINGBAO GOLD fell by 0.47%.
In terms of individual stocks,$XIAOMI-W (01810.HK)$Rising over 5%, the first reasoning large model 'Xiaomi, MiMo' was announced as open-source.
$BEIGENE (06160.HK)$Rising over 6%, the victory in the USA patent dispute led to strong growth in the company's performance last year.
$MEITU (01357.HK)$Increased by more than 10%, MEITU's paid user growth exceeded expectations, and CICC raised its annual revenue forecast.
$TCL ELECTRONICS (01070.HK)$Increased by more than 6% to a record high, with strong growth in global TV shipments in the first quarter, and institutions are bullish on its dual breakthroughs in scale and profitability.
$KINGSOFT CLOUD (03896.HK)$Increased by more than 14%, Xiaomi's first inference large model is open-sourced, and the company is the core cloud factory of the Xiaomi-Kingsoft ecosystem.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
In terms of Hong Kong Stock Connect, today's net inflow for southbound trading is 5.637 billion Hong Kong dollars.
Institutional views
Goldman Sachs: maintains 'Buy' rating for AIA, expecting further improvement in growth momentum for the whole year.
Goldman Sachs released a report, predicting that the market will respond positively to $AIA (01299.HK)$the first quarter business update of 2025, as the growth of new business value exceeds expectations. This outperformance reflects better-than-expected growth in the Hong Kong market, as well as strong growth in Thailand and Malaysia. AIA also noted that the marginal growth rate of new business contract services is accelerating, which should provide favorable conditions for growth in post-tax operating profit. Considering that the new business value for the first quarter of 2024 accounts for about 40% of the whole year, the bank believes this represents robust potential growth. As the base effect gradually weakens, further improvement in growth momentum is expected for the whole year. Goldman Sachs continues to find AIA's risk-reward ratio attractive, maintaining a 'Buy' rating with a target price of 90 Hong Kong dollars.
UBS: lowers the target price for CITIC SEC to 27.9 Hong Kong dollars, maintaining a 'Buy' rating.
瑞银发表研究报告指， $CITIC SEC (06030.HK)$今年首季纯利按年升32%至6.6 billion元，主要受惠市场复苏，期内证劵业务净收入按年升36%，投资收入按年升62%、投资银行业务复苏，按年升12%。公司2025财年的年化股本回报率达9.5%，相对上财年录得8.1%。瑞银下调公司今年至2027年的盈利预测21%至24%，主要因为该行下调了公司衍生产品及财富管理两业务的收入增长预测。该行将中信证券目标价由30.1港元降至27.9港元，维持“买入”评级。
花旗：维持中银香港“买入”评级，首季经营溢利超预期
Citi published a Research Report stating that $BOC HONG KONG (02388.HK)$首季经营溢利按年升14%至14.7 billion港元，高于该行预期13%，亦为市场全年预期的32%，主要受惠胜预期的净利息收入及非净利息收入强劲。季度收益按年升13%，高于该行预测9%，受惠费用收入按年升35%及其他非利息收入按年升逾倍。该行又指，中银香港季度经营开支按年升3%，较该行预测胜1%。季内信贷成本30基点，对比去年水平大致稳定。季度派息每股0.29港元符预期。花旗维持中银香港目标价32.2港元及“买入”评级。
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