Hong Kong Stocks Rise 0.2%

Dow JonesMay 13 16:31

Orient Securities: Maintains 'Buy' Rating for Geely Auto (00175) with a Target Price of HKD 23.79

In April, Geely Brand sales reached 180,600 units, marking a month-on-month increase of 1.3%. Sales of Geely's new energy vehicles amounted to 135,600 units, reflecting a year-on-year growth of 8.0% and a month-on-month rise of 6.5%. New energy vehicles accounted for 57.7% of total sales, with Geely Yinhe achieving sales of 91,000 units and a month-on-month growth of 10.0%.

Zhitong FinanceMay 13 15:16 · Ratings

Hong Kong Stock Ratings Summary: Qunyi Securities maintains a Buy rating for Hengrui Pharma.

Cailian Press will regularly compile ratings and target prices from various institutions for Hong Kong stocks.

cls.cnMay 13 15:09

Express News | Hong Kong Stock Market Midday Review: Hang Seng Index Up 0.26%, Hang Seng Tech Index Up 0.52%

BreakingsMay 13 12:08

A Chinese 'family sedan' has won the championship at a European racetrack.

Outperforming the Hyundai factory team.

wallstreetcnMay 13 11:46

Stocks in Hong Kong showed unusual movements as automotive stocks plummeted across the board, with Honda and Toyota's significant sales declines in China weighing down the sector.

Gelonghui, May 13 | All automobile stocks in the Hong Kong stock market fell today. APOLLO Mobility plummeted by 10%, Geely Auto dropped by 5.67%, Leapmotor and BYD fell nearly 3%, Chery Automobile and Seres declined over 2%, while XPeng Group, Great Wall Motor, and Li Auto also followed the downward trend. The decline in Hong Kong-listed automobile stocks today was mainly driven by three compounding factors: a significant drop in sales of joint venture automakers in China, mounting pressure on industry profits, and additional market concerns about specific companies like XPeng. Analysts noted that the sharp decline in April sales of two major Japanese joint ventures, Toyota and Honda, in the Chinese market represented the most direct fundamental negative factor, further exacerbating concerns about the overall automotive sector.

Gelonghui FinanceMay 13 10:45