Hong Kong Market Quick View | Hong Kong stocks opened lower and moved higher, Tesla concept stocks rose in a straight line, and Ganfeng Lithium rose more than 12%

Hong Kong City Quick View

Futu News, April 27 | Hong Kong stocks continued to rebound yesterday, with the Hang Seng Index up 0.06%, the HSCEI up 0.57%, and the Hang Seng Technology Index up 1.68%.

As of the close, Hong Kong stocks rose 1,003 stocks today, fell 853 stocks, and ended flat at 1,011 stocks.

In terms of sectors, most of the large technology stocks rose, Jingdong Group rose more than 3%, Meituan rose more than 1%, Bilibili, Sunny Optical Technology, Xiaomi, and Kuaishou all rose.

Tesla concept stocks were the top gainers, Ganfeng Lithium rose more than 12%, Lijin Technology rose nearly 7%, and Fuyao Glass followed.

Infrastructure stocks strengthened, China Building Materials rose more than 7%, Conch Cement rose more than 6%, and China State Construction International and China Railway Group followed suit.

Shipping stocks strengthened. Orient Overseas International rose nearly 8%, COSCO SHIPPING Energy rose more than 6%, and COSCO SHIPPING Holdings and Pacific Shipping followed suit.

Catering stocks continued to rebound. Nai Xue’s tea rose by more than 13%, Haidilao rose by more than 11%, and Jiu Maojiu and Xiabuxiabu followed suit.

The non- ferrous metal sector strengthened, China Aluminum rose more than 7%, Zijin Mining rose more than 5%, and China Hongqiao and Jiangxi Copper also rose.

Some oil stocks and coal stocks rose, CNOOC rose more than 6%, and PetroChina rose; Yancoal Australia rose more than 8%, and China Shenhua rose.

Some Chinese property stocks fell, with China Overseas Land & Investments down over 2% and China Resources Land down over 1%.

Some property management stocks rose, and Sunac Services rose more than 3%.

In terms of individual stocks, $Ganfeng Lithium (01772.HK)$ rose by more than 12%. It was announced that the operating income in the first quarter of 2022 was 5.365 billion yuan, a year-on-year increase of 233.91%; the net profit attributable to the parent was 3.525 billion yuan, a year-on-year increase of 640.41%.

HKEX (00388.HK) fell 0.12%, with a net profit of HK$2.668 billion in the first quarter, down 31% year-on-year.

$Haidilao (06862.HK)$ rose more than 11%. On April 26, Haidilao acquired 3.835 million shares from southbound funds, an increase of more than 4%.

Chuangmengtiandi (01119.HK) rose over 37%, and plans to repurchase shares by not exceeding HK$200 million. In addition, the CEO of Chuangmengtiandi responded to yesterday’s plunge: everything is normal and will continue to increase.

$ ZTE (00763.HK) $ rose more than 5%, the agency believes that the revenue growth in the first quarter will be a seasonal low, and will accelerate in the next three quarters. In addition, it is expected that the 5G bidding of telecom companies will be advanced this year, or will be held in June.

$BYD Electronics (00285.HK)$ rose nearly 12%. The agency said that the past two quarters were the bottom of BYD Electronics’ performance. With the gradual improvement of the major customers in North America and the commissioning of the company’s new domestic and foreign production capacity, it is expected to drive the rapid growth of revenue scale. .

$Smore International (06969.HK)$ rose by more than 8%. Institutional comments: The e-cigarette industry’s rule of law standardization policy has been introduced, and it is optimistic that leading technological innovation will break through.

Hong Kong Stock Connect Funds

In terms of Hong Kong Stock Connect, today’s Hong Kong Stock Connect (southbound) has a net inflow of HK$2.789 billion.

Today’s top 20 Hong Kong stocks turnover

message side

The National Development and Reform Commission has deployed and implemented the reform of the coal market price formation mechanism.

Recently, the National Development and Reform Commission has made special arrangements, requiring the relevant provincial development and reform commissions to attach great importance to it, guide and urge enterprises to strictly implement the requirements for signing and performance of medium and long-term coal contracts, and take practical measures to ensure that the medium and long-term coal transaction prices operate within a reasonable range. Development and reform departments at all levels will comprehensively monitor the price of coal in all aspects of coal production and distribution. When the price is found to be out of the reasonable range, it will immediately take reminders, interviews, investigations, notification, etc. to guide the coal price to return to the reasonable range; at the same time, it will cooperate with the market supervision department. , and promptly investigate and deal with illegal and illegal acts by market players such as fabrication and dissemination of price increase information, price gouging, and price collusion. In the next step, the National Development and Reform Commission will closely monitor the coal market and price operation, strengthen the regulation and supervision of coal market prices, and comprehensively use market-oriented and legal methods to guide coal prices to operate within a reasonable range to ensure safe and stable energy supply.

Ministry of Human Resources and Social Security: In the second quarter of this year, five industries including catering and retail will suspend the payment of pension insurance premiums.

On the morning of the 27th, the Ministry of Human Resources and Social Security held a press conference to release employment security policies such as stabilizing employment and stabilizing jobs. In the second quarter of this year, the payment of pension insurance premiums for five industries including catering and retail will be suspended. For extremely difficult industries such as catering, retail, tourism, civil aviation, road, water, and railway transportation, the payment of endowment insurance premiums will be suspended in the second quarter, and the scope of the phased deferred payment of unemployment and work-related injury insurance premiums that have been implemented will be expanded from catering, retail, and tourism. to the above five industries.

The latest position list of pensions disclosed: Medicine, non-ferrous metals, electronics and other industries are favored.

As the disclosure of the first quarterly reports of listed companies in 2022 has entered a peak period, the latest shareholding trends of pension funds have gradually surfaced. According to statistics, as of April 27, among the companies that have disclosed their first quarterly reports, pension funds have appeared among the top ten tradable shareholders of 55 companies. Among them, 19 companies have newly entered pension funds, 18 have increased their holdings, and 7 11 companies reduced their holdings, and 11 companies remained unchanged. In the first quarter, pension funds entered and increased their holdings of 37 companies, mainly in pharmaceutical biology, electronics, non-ferrous metals, machinery and equipment, basic chemicals, building materials and other industry sectors, with more than 3 companies included.

IDC: In the first quarter, the penetration rate of L2 self-driving new cars in the domestic passenger car market reached 23.2%.

According to the production data of major automakers in the first quarter of 2022 in the “China Autonomous Passenger Vehicle Market Data Tracking Report”, the penetration rate of new domestic L2 autonomous vehicles in the passenger vehicle market is as high as 23.2%. Among them, the penetration rate of the new energy vehicle market is higher, reaching 35.0%, which is much higher than the 19.9% ​​penetration rate of the gasoline vehicle market. IDC believes that with the rapid growth of the new energy vehicle market, the penetration rate of L2 autonomous driving will further increase.

Institutional view

Sinolink Securities: Signals of policy margin improvement are released one after another, and long-term layout of high-quality Internet assets

Sinolink Securities released a research report saying that it is recommended to deploy high-quality Internet assets in the long-term. Compared with Chinese stocks, the Internet of Hong Kong stocks is more attractive to investors, and the Hong Kong stock market may become an important scenario for long-term allocation of the Internet. From the perspective of employees and organizational structure, in the future, Internet companies will focus more on their main business and pay more attention to refined and high-quality development. In terms of individual stocks, we are optimistic about the retail-focused $Meituan-W(03690.HK)$ ; the self-operated + supply chain advantages and more stable $JD . The studio, $Tencent Holdings (00700.HK)$ , which is accelerating its overseas layout, launched the global IP mobile game Harry Potter’s $NetEase-S (09999.HK)$ .

Citi: HSBC Holdings (00005.HK)$ “Buy” rating, target price HK$65.8

Citigroup issued a research report saying that it gave HSBC Holdings a “buy” rating and a target price of HK$65.8. Q1 adjusted profit before taxation was 4.706 billion yuan (USD. The same below), down 25.1% year-on-year, about 5% higher than market expectations, revenue was about 2% lower than expected, and operating expenses were 3% higher, resulting in profit before provision as expected. Citigroup had expected the company to implement an additional 2 billion yuan in repurchases this year, but the company said it has no repurchase plans for the rest of the year.

JPMorgan : Maintain the “Overweight” rating of Ganfeng Lithium (01772.HK) , with a target price of HK$180

Xiao Mo released a research report saying that it maintained the “overweight” rating of Ganfeng Lithium, raised the 2022-23 earnings test by 196% and 203%, and the target price was HK$180. As a leader in the lithium industry, the valuation is very attractive.

UBS: Maintain $Bubble Mart (09992.HK)$ “Buy” rating, lower target price to HK$50

UBS released a research report saying that it maintains Bubble Mart’s “buy” rating. The unaudited total revenue in the first quarter increased by 65% ​​to 70% year-on-year. The revenue was better than the bank’s expected increase of 60%, but it was affected by the epidemic and logistics. , the company’s sales in the second quarter are expected to face pressure, the 2022-24 earnings per share forecast is lowered by 5%-8%, and the target price is lowered from HK$55.4 to HK$50.


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