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Changes in Hong Kong stocks | Sporting goods stocks rose ahead of the Olympic year and may continue to catalyze resilient sports demand in the sports sector
Sporting goods stocks had the highest gains. As of press release, Anta Sports (02020) rose 4.41% to HK$85.2; Pou Sheng International (03813) rose 3.28% to HK$0.63; Taobo (06110) rose 3.16% to HK$5.23; and TEP International (01368) rose 1.83% to HK$4.45.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, insurance stocks strengthened, and China Taibao rose more than 6%
Auto stocks rose many times; Xiaopeng Motor rose more than 3%, Geely Auto rose more than 2%; sporting goods stocks generally rose, Anta Sports rose nearly 5%, and Taobo rose nearly 4%.
Intraday Overview | Hong Kong stocks continued to rise. The three major indices all rose by about 1%, and insurance and aviation stocks had the highest gains
Sporting goods stocks rose, with Anta Sports and Taobo up more than 3%, and Special Step up more than 2%; insurance stocks generally rose; China Ping An and China Financial Insurance rose about 4%; aviation stocks strengthened, and China Southern Airlines rose about 5%.
Taobo (6110.HK): Undervaluation, high dividends, and high-quality fundamentals bring strong defense
We believe that Taobo's short-term weak revenue performance is basically reflected in stock prices. At the same time, we believe that the company's current low valuation level and high dividend ratio, combined with its excellent fundamentals and cash flow, provide strong defense for Taobo's stock price and can be supported
A quick look at the Hong Kong market | The three major indices rose collectively. The Hang Seng Index rose more than 2%. Technet stocks and petroleum stocks were doing well. Xiaomi rose nearly 9%, and CNPC rose nearly 7%
Gold stocks rose collectively. Shandong Gold rose nearly 9%, and Lingbao Gold rose more than 7%; sporting goods stocks rose by more than 6%; gaming stocks rose by more than 5%; Wynn Macau rose by more than 5%, Sands China Co., Ltd. and Galaxy Entertainment rose more than 4%; many copper stocks rose, Wanguo International Mining rose nearly 13%, and Jiangxi Copper shares rose 6%.
A quick overview of the Hong Kong market | Ideal rose by more than 4%, NIO fell by more than 5%; Tencent Music's performance surged 11% after that
Technology network stocks generally rose, with Bilibili rising by nearly 3%; domestic housing stocks and property management stocks rose partly; Country Garden Services and China Overseas Development rose about 1%; shipping stocks improved, and Dongfang Overseas International and COSCO Marine Energy rose about 3%.
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