"Phoenix Star Best Hong Kong Stock Index" (887751. HK) has risen by 7.7% since its release more than six months ago, 15.4 percentage points higher than the Hang Seng Index's performance of -7.72% over the same period. Moreover, the performance of the "Phoenix Star Best Hong Kong Stock Index" in the past three months has been more prominent, with an increase of 13.56%, 7.18 percentage points higher than the performance of the Hang Seng Index of 6.38% in the same period.
The "Phoenix Star Best Hong Kong Stock Index" is compiled from the "Phoenix Star Best Hong Kong Stock Listed Company" selected by Phoenix Satellite TV and Phoenix.com.
On September 27, 2023, the "2023 Phoenix Star Best Listed Company in Hong Kong Stocks" selected 13 companies, including China Resources Vientiane Life, Kingdee International, MINISO, Haier Smart Home, Orient Overseas International, China Shenhua, Hisense Home Appliances, BYD Co., Ltd., China Duty Free, Tsingtao Brewery, Agricultural Bank of China, Shandong Gold, and China Railway Construction, and won 9 awards including "Best Listed Company", "Best Hong Kong Stock Connect", and "Best New Stock". The next day, the "Phoenix Star Best Hong Kong Stock Index" compiled according to this selection was released in Wind.
Today, the "Phoenix Star Best Hong Kong Stock Index" has been released for more than half a year, and the performance of the index has far exceeded the average level of the Hang Seng Index and Hong Kong stocks.
According to Wind data, from September 28, 2023 to the present, the Hang Seng Index has fallen by 7.72%, and the share prices of 2,620 listed companies in Hong Kong have fallen by an average of 4.77%. The "Phoenix Star Best Hong Kong Stock Index" rose by 7.7%, 15.4 percentage points higher than the performance of the Hang Seng Index over the same period, and 12.5 percentage points higher than the performance of 2,620 listed companies in Hong Kong over the same period.
In terms of individual stock performance, since September 28, 2023, the share price of Hisense Home Appliances, the most growing listed company selected by the "2023 Phoenix Star Best Listed Company in Hong Kong Stocks", has risen by 54%, ranking first among the constituent stocks of the "Phoenix Star Best Hong Kong Stock Index", the best shareholder return listed company China Shenhua and the best Hong Kong Stock Connect Shandong Gold share prices have risen by 32% and 21% respectively, ranking second and third, and the most socially responsible listed company Agricultural Bank of China and the most influential listed company Haier Smart Home have risen by 16% respectively. The increase of 7% ranked fourth and fifth.
It is worth mentioning that Hisense Home Appliances, China Shenhua, and Shandong Gold not only have outstanding stock prices, but also make large sums of money in terms of investor returns.
According to the financial report, Hisense Home Appliances plans to distribute cash dividends of 1.39 billion yuan in 2023, with a cash dividend ratio of 49%. China Shenhua will continue its previous large-scale dividend distribution, and plans to distribute cash dividends of 44.903 billion yuan in 2023, with a cash dividend ratio of up to 75%. Shandong Gold plans to distribute cash dividends of 626 million yuan in 2023, doubling from 2022, with a cash dividend ratio of 26.9%.
While the stock price performance is outstanding and the dividends are large, the performance of the constituent stocks of the "Phoenix Star Best Hong Kong Stock Index" is also outstanding.
According to the statistics of Phoenix.com Finance, in 2023, 12 of the 13 constituent stocks of the "Phoenix Star Best Hong Kong Stock Index" will rise in revenue, among which BYD shares, the best listed company in science and technology innovation, will lead with a growth rate of 42%, followed by the best new stock MINISO with a 40% increase. It is worth mentioning that the revenue growth rates of China Resources Mixc Life and Kingdee International, the best listed companies in Hong Kong stocks selected by the "2023 Phoenix Star Best Listed Companies in Hong Kong Stocks", were 22.89% and 16.7% respectively last year, ranking among the top 13 constituent stocks. China Shenhua's revenue fell slightly by 0.42% last year, making it the only component of the "Phoenix Star Best Hong Kong Stock Index" to see a decline in revenue.
From the perspective of net profit attributable to the parent company, 10 of the 13 constituent stocks rose and 3 fell, with an average increase of 32%. Among them, MINISO led the way with a doubling growth rate of 110%, the net profit attributable to the parent company of Hisense Home Appliances, Shandong Gold and BYD shares increased by more than 80% year-on-year, and the net profit attributable to the parent company of China Duty Free and China Resources Vientiane Life increased by more than 30%.
Stock price, investor returns, and performance are all outstanding, how are the 13 constituent stocks of the "Phoenix Star Best Hong Kong Stock Index" selected?
First of all, the selection of "2023 Phoenix Star Best Listed Companies in Hong Kong Stocks" held by Phoenix Satellite TV and Phoenix.com has received academic support from the China Association of Listed Companies and Drucker School of Management, and is selected from four dimensions: stability, growth, investor returns, and brand influence. After 60 days of all-round screening and selection, three rounds of multi-dimensional accurate scoring by big data models and expert group reviews, as well as as up to 1.45 million netizens voting, 13 high-quality companies were finally selected in the list of 100 shortlisted Hong Kong listed companies.
For the selection activity, John Lee, Chief Executive of the Hong Kong Special Administrative Region, spoke highly of the Phoenix Bay Area Financial Forum - "The '2023 Phoenix Star Best Listed Company in Hong Kong Stocks' activity will let more investors know about the Hong Kong stock market." ”