【A-share closing】The three major indexes rose and fell, and the real estate chain rebounded strongly!

Hong Kong stocks decoded

2024-05-16 15:29Posted on the official account of Guangdong Hong Kong Stock Decoding

On May 16, the three major indexes rose and fell, as of the close, the Shanghai Composite Index rose 0.08%, the Shenzhen Component Index rose 0.21%, the ChiNext rose 0.29%, the Science and Technology Innovation 50 Index fell 0.40%, and the Beijing Stock Exchange 50 Index fell 0.58%. More than 2,700 stocks rose in the two cities. The turnover of the Shanghai and Shenzhen stock markets today was 847.8 billion yuan.

Real estate, building materials and other sectors rose first, Rongsheng Development (002146. SZ), Hefei Urban Construction (002208. SZ) rose 10%, and China Fortune (600340. SH) rose 6.56%, and Vanke A (000002.SZ) rose nearly 6%.

On the news side, the Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou recently announced that it decided to acquire a batch of commercial housing for public rental housing within the scope of Lin'an District. In addition, Hefei further adjusted and optimized the real estate policy, and proposed to implement housing purchase subsidies and promote the circulation of the second-hand housing market. Before May 14, 2025, all new buyers of newly built commercial housing will be given a housing purchase subsidy of 1% of the total house price.

Guojin Securities pointed out that real estate destocking is expected to be promoted through "trade-in", which requires policy and financial support from the central government, such as PSL; Benchmarking the U.S. real estate and China's aviation industry, stock prices and valuations reflect expectations, fundamental repair or lag, destocking is expected to promote the market expectation turn, real estate stock prices and valuations have seen the bottom. In the future, we will focus on real estate companies that have the ability to acquire land, lay out core plots in core cities, and focus on improving products.

The concept of AI, CPO, and copper high-speed connectors is strong, and Shengyi Electronics (688183. SH) rose 20%, and Dingtong Technology (688668. SH) rose more than 8%, and the Industrial Fortune Union (601138. SH) rose 5.27%, and Taichenguang (300570. SZ) rose nearly 3%.

On the news side, LightCounting pointed out that in the five years from 2023 to 2027, the high-speed copper cable market will continue to expand at a staggering compound annual growth rate of 25%. In addition, FII recently said at the performance briefing that AI is expected to contribute 40% of the company's total cloud computing revenue in 2024, and AI servers will account for 40% of the global market share.

The low-altitude economy also performed, and Jianxin shares (300107. SZ) rose 9.34%, Wanfeng Aowei (002085. SZ) rose 7.59%, and CITIC Haizhi (000099. SZ) rose nearly 3%.

On the news side, on May 15, Fengtai District, Beijing held a low-altitude economic and industrial innovation release conference. By 2025, there will be no less than 200 core enterprises in Fengtai District, with an output value of more than 100 billion yuan. Inner Mongolia also mentioned in the notice on the issuance of the implementation plan for the development of the general aviation industry in the autonomous region that more than 3 low-altitude tourist lines will be opened by 2025.

On the list of decliners, port shipping, automobiles, precious metals, gas, electricity and other sectors weakened, among them, China Merchants Shipping (601872. SH) fell 6.61%, COSCO Marine Energy (600026. SH) fell 4.87%, and Shandong Gold (600547. SH) fell 2.37%.

Author: Flying Fish

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