The port city is fast-sighted
Futu Information april 27, | Hong Kong stocks extended yesterday's rally, with the Hang Seng Index up 0.06%, the National Index up 0.57% and the Hang Seng Technology Index up 1.68%.
As of the close, Hong Kong stocks rose 1,003 today, down 853, and closed at 1,011.
In terms of sectors, most of the large technology stocks rose, BYD Electronics rose nearly 12%, Jingdong Group rose more than 3%, Meituan rose more than 1%, Bilibili, Sunny Optical Technology, Xiaomi, and Kuaishou all rose.
Tesla's concept plate rose in the front, Ganfeng Lithium rose more than 12%, Lijin Technology rose nearly 7%, and Fuyao Glass followed suit.
Infrastructure stocks strengthened, China National Building Materials rose more than 7%, Conch Cement rose more than 6%, China State Construction International, China Railway followed suit.
Shipping stocks strengthened, with Orient Overseas International up nearly 8%, COSCO Sea energy up more than 6%, COSCO Sea Control and Pacific Shipping following suit.
Catering stocks continued to rebound, With Nai Xue's tea rising more than 13%, Haidilao rising more than 11%, and Jiu Mao Jiu and Sipping and Feeding followed suit.
The non-ferrous metal sector strengthened, with China's aluminum industry rising more than 7%, Zijin mining rising more than 5%, and China's Hongqiao and Jiangxi copper industry following suit.
Oil stocks and coal stocks rose partially, with China National Offshore Oil rising more than 6%, China Petroleum shares following suit; Yancoal Australia rising more than 8%, and China Shenhua following suit.
Domestic housing stocks were partially lower, with China's overseas development falling more than 2% and China Resources Land falling more than 1%.
Property management stocks rose partially, and Sunac Services rose more than 3%.
In terms of individual stocks, $Ganfeng Lithium (01772.HK) rose more than 12%, announcing that the operating income in the first quarter of 2022 was 5.365 billion yuan, an increase of 233.91% year-on-year; the net profit attributable to the mother was 3.525 billion yuan, an increase of 640.41% year-on-year.
Hong Kong Stock Connect funds
In terms of Hong Kong Stock Connect, the net outflow of Hong Kong Stock Connect (Southbound) today was HK$2.789 billion.
Today's Hong Kong stock turnover TOP20
Message surface
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 a special deployment, requiring the development and reform commissions of relevant provinces to attach great importance to it, guide and urge enterprises to strictly implement the requirements for the signing and performance of medium- and long-term coal contracts, and take practical measures to ensure that the medium- and long-term trading prices of coal operate within a reasonable range. The development and reform departments at all levels will comprehensively monitor the prices of all aspects of coal production and circulation, and when they find that the prices exceed a reasonable range, they will immediately adopt methods such as reminders, interviews, investigations, and notifications to guide coal prices back to a reasonable range; at the same time, cooperate with market supervision departments to promptly investigate and deal with illegal acts such as fabricating and disseminating price increase information, price gouging, and price collusion by market entities. 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 means to guide coal prices to operate within a reasonable range and ensure energy security and stable supply。
Ministry of Human Resources and Social Security: In the second quarter of this year, the payment of pension insurance premiums will be suspended for five industries such as catering and retail.
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 enterprises and posts, and the payment of pension insurance premiums will be suspended for five industries such as catering and retail in the second quarter of this year. For catering, retail, tourism, civil aviation, highway, waterway and railway transportation and other special hardship industries, in the second quarter, the implementation of the suspension of the payment of pension insurance premiums, the scope of the implemented phased moratorium on unemployment and work injury insurance premiums has been expanded from catering, retail, tourism to the above five industries.
The latest pension position list is disclosed: pharmaceutical, nonferrous metals, electronics and other industries are favored.
As the disclosure of the first quarterly report of listed companies in 2022 enters the peak period, the latest holding trend of pension funds has gradually surfaced. According to statistics, as of April 27, among the companies that have disclosed a quarterly report, there are 55 companies in the top ten outstanding shareholders of pension funds, of which 19 new pension companies, 18 have been increased, 7 have been reduced, and 11 have remained unchanged. In the first quarter of the pension, 37 companies were newly entered and increased, mainly distributed in the pharmaceutical and biological, electronics, non-ferrous metals, machinery and equipment, basic chemicals, building materials and other industry sectors, including more than 3 companies.
IDC: The penetration rate of L2 level autonomous driving new vehicles in the domestic passenger car market reached 23.2% in the first quarter.
According to the "China Autonomous Driving Passenger Car Market Data Tracking Report" in the first quarter of 2022, the new car penetration rate of domestic L2-level autonomous driving in the passenger car market is as high as 23.2%. Among them, the market penetration rate of new energy vehicles is higher, reaching 35.0%, which is much higher than the penetration rate of 19.9% of the gasoline vehicle market. IDC believes that with the rapid growth of the new energy vehicle market size, the penetration rate of L2 level autonomous driving will further climb.
Institutional perspective
Guojin Securities: Policy marginal improvement signals have been released one after another, and long-term layout of Internet high-quality assets
Citi: $HSBC Holdings (00005.HK) $", "Buy" rating with a target price of HK$65.8
Citi released a research report saying it gave HSBC Holdings a "buy" rating with a target price of HK$65.8. Q1 Adjusted profit before tax of $4.706 billion (USD. The same below), down 25.1% year-on-year, about 5% higher than market expectations, revenue was about 2% lower than expected, operating expenses were 3% higher, so that the pre-provision profit was in line with expectations. Citi had expected the company to implement an additional $2 billion in buybacks this year, but the company indicated that it had no buyback plans for the rest of the year.
Xiao Mo: Maintained the "overweight" rating of $Ganfeng Lithium (01772.HK) with a target price of HK$180
Xiaomo released a research report saying that it maintained the "overweight" rating of Ganfeng Lithium, raised the 2022-23 profit 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: Maintaining a "buy" rating of $09992.HK, the target price has been lowered to HK$50
UBS released a research report saying that maintaining the "buy" rating of Bubble Mart, the total unaudited revenue in the first quarter increased by 65% to 70% year-on-year, which was better than the bank's expected growth of 60%, but due to the impact of the epidemic and logistics, the company's sales forecast for the second quarter will be under pressure, and the 2022-24 earnings per share forecast will be lowered by 5% -8%, and the target price will be lowered from HK$55.4 to HK$50.
Editor/Annie
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