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Quick look at the Hong Kong market | The three major indices slightly fell, the Hang Seng Index dropped by 0.05%, the Index of Network Technology dropped by 0.5%, and the National Index dropped by 0.09%; Network Technology stocks weakened, Alibaba fell by
Network Technology stocks fell across the board, with Alibaba down 3.40% and XIAOMI-W up 2.65%; several Digital Health stocks declined, with Dingdang Health down 2.78% and JD HEALTH down 2.72%; Hong Kong Retail Stocks dropped, with PRADA down 2.60% and BONJOUR HOLD up 2.04%;
Hong Kong stocks related to Apple Supplier collectively dropped, with Sunny Optical falling over 4%.
On May 19, Gelonghui reported that Apple Supplier stocks in the Hong Kong stock market collectively fell, with AAC TECH, Sunny Optical, COWELL dropping over 4%, FIH dropping over 3%, and Q TECH dropping over 2%.
Goldman Sachs raised the Target Price of Sunny Optical Technology (02382.HK) to 83.1 yuan and adjusted the earnings forecast.
Goldman Sachs released a research report stating that the shipment volume of mobile phone lenses from Sunny Optical (02382.HK) increased by 1% year-on-year, while the shipment volume of camera modules fell by 14%, and automotive lenses rose by 29%. The shipment volumes in the first four months respectively reached 65%, 73%, and 58% of the bank's previous forecast for the first half of the year. The bank maintained a 'Neutral' rating for the group, with the Target Price raised from 79.9 yuan to 83.1 yuan. After considering the latest shipment volumes, the earnings forecasts for Sunny Optical for 2025 to 2027 were raised by 4%, 3%, and 3% respectively. Due to the product mix shifting towards more profitable automotive lenses, the bank has increased the group's gross margin forecasts for 2025 to 2027.
Hong Kong technology stocks are being targeted by Short Sell, with Meituan's short sold shares nearly doubling in three days.
1. Which Hong Kong Technology stocks have been significantly shorted by bears recently? 2. How do Institutions view the subsequent performance?
In "The Big Broker", CICC lists the adjustment and weight changes of the Hang Seng Tech Index constituent stocks along with the forecast of changes in passive capital (table).
CICC released a report stating that the Hang Seng Index Company announced the quarterly index adjustment results for the Hang Seng Tech Index last Friday (16th), effective from June 9 (Monday). This adjustment includes BYD (01211.HK) with a weight of 8%; CHINA LIT (00772.HK) was removed, previously having a weight of 0.49%. The number of constituent stocks remains unchanged at 30. Stocks │ Hang Seng Tech Index weight change forecast │ Potential passive capital change BYD (01211.HK) ※│0%->8%│ Inflow of 1.998 billion USD NTES-S (09999.HK) │ 4.62%->
Hong Kong stocks are moving differently | Apple Supplier stocks collectively fell, COWELL (01415) dropped over 4%. WWDC may not discuss too many Topics about Siri upgrades.
Apple Supplier stocks collectively fell. As of the time of writing, COWELL (01415) is down 3.89%, priced at 22.25 Hong Kong dollars; Sunny Optical (02382) is down 3.72%, priced at 63.35 Hong Kong dollars; Q TECH (01478) is down 2.02%, priced at 7.27 Hong Kong dollars.
