Weekly outlook | Powell explodes the global market with US CPI data! Tencent, Ali, and JD financial reports hit big
In addition, Baidu, iQiyi, Tencent Music, etc. will also announce their results next week; Japan will announce the initial GDP value for the first quarter, and the yen exchange rate trend will become the focus of the market; Hong Kong stocks will be closed for one day on Wednesday due to the Buddha's birthday.
The net worth of 12 Hong Kong stock ETFs reached a record high. The Hong Kong stock dividend theme is gaining momentum. How many opportunities are there in the future?
① The top 80 cross-border ETFs with net worth returns this week are all Hong Kong stock themed products; ② Premium prices for some Hong Kong stock themed products have risen, and fund share changes have diverged between each segment's themed products.
Cui Dongshu: Passenger car retail experienced a cyclical month-on-month decline in April
The passenger car market's retail performance in the first quarter of 2024 was strong, mainly due to base factors. Growth was weak in April, and there is still potential for a return to better growth in the future.
In April, sales volume was 2.36 million vehicles, and nearly 60% of A/H listed car companies declined month-on-month, and their own brands anchored overseas markets
① “Passenger car retail sales showed a cyclical month-on-month downward trend in April due to factors such as price instability. The new vehicle price war for new energy vehicles has brought about a certain increase, but it is not very sustainable and there is serious internal segmentation.” Cui Dongshu, Secretary General of the Passenger Federation, said in an analysis. ② Judging from SAIC Motor Group and GAC's “double decline”, the poor sales volume of fuel vehicles under the joint venture brand is the main reason for their current situation.
The Dow rose “eight times in a row”, European stocks and British stocks reached record highs, and Hong Kong stocks rose more than S&P this year — a counterattack on global “value”!
From a valuation perspective, according to the industry-adjusted price-earnings ratio, the valuation of European stocks is cheaper, 18% lower than that of US stocks. The UK FTSE 100 currently has an average price-earnings ratio of 11 times, which is lower than the long-term average of 12.8 times.
Nanjing: Existing housing can be appropriately remodeled or purchased to be used as affordable housing
According to the Nanjing Housing Association, Nanjing recently officially issued the “Nanjing Municipal Implementation Plan for the Planning and Construction of Affordable Housing” (hereinafter referred to as the “Implementation Plan”). In addition to improving the housing security system, it also focuses on Nanjing's appropriate renovation or acquisition of existing housing for affordable housing and revitalizing the use of vacant land and houses. This marks a solid step in promoting the steady and healthy development of the real estate market and improving people's livelihood, and constructing a new model of real estate development.
Express News | The Hong Kong Stock Exchange will no longer disclose the real-time price value of northbound transactions on Monday
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
This week's bullish stocks in Hong Kong | High-dividend stocks are sought after! China's foreign transport week rose by more than 23%, and China's building materials rose by more than 17%
In terms of individual stocks, net revenue from Q1 products increased by nearly 40% year on year, and Zaiding Pharmaceutical soared more than 26% this week; pre-sale of new iPad products began! The Apple concept stock, BYD shares surged nearly 20% this week.
In April, CPI rose 0.3% year on year, and PPI fell 2.5% year on year
In April 2024, national consumer prices rose 0.3% year on year. In April 2024, the ex-factory price of industrial producers across the country fell 2.5% year on year, and the purchase price of industrial producers fell 3.0% year on year. The declines were 0.3 and 0.5 percentage points narrower than the previous month, respectively.
Jinglin's Q1 US stock holdings revealed: Meta rose to the largest stock, opened positions with Ali and JD, and reduced its holdings in Pinduoduo
According to the documents, Jinglin Asset's Q1 US stock holdings reached US$3.23 billion, a slight increase from the previous quarter, and the concentration of the top ten holdings remained at 83.13%.
Express News | National Bureau of Statistics: China's CPI increased 0.3% year on year in April
Express News | National Bureau of Statistics: China's PPI fell 2.5% year on year in April, and the decline narrowed
Hong Kong stocks with high interest rates are going crazy again
One child fell, full of life
Coal prices fluctuated weakly in Q1, with net profit from coal companies falling mainly year-on-year
It is expected that the relationship between coal supply and demand will be difficult to further relax in 2024. With the arrival of the peak summer season, there is little room for further decline in domestic coal prices; moreover, there are still marginal improvements in economic stabilization policies such as real estate and infrastructure in the later stages, and demand for coal is very rigid.
Masayoshi Sun's latest move!
Will Masayoshi Sun switch to semiconductors and artificial intelligence?
The Hang Seng Index closed down 0.16% overnight to 18925.00 points. The Hang Seng Technology Index closed down 0.43% overnight to 3958.00 points.
The Hang Seng Index closed down 0.16% overnight to 18925.00 points. The Hang Seng Technology Index closed down 0.43% overnight to 3958.00 points.
Increased allocation of foreign capital! Can Hong Kong stocks continue to be strong?
On April 19, the China Securities Regulatory Commission announced 5 capital market cooperation measures with Hong Kong to encourage leading mainland companies to go public in Hong Kong and stimulate a strong rebound and rise in Hong Kong stocks. From the perspective of the global market, the performance of Hong Kong stocks in April was particularly outstanding. Not only did they rank first in the April growth rankings of major global stock indexes, but they also successfully stood above the annual line.
One-picture preview | Ali's earnings report will be unveiled soon! The low price strategy is beginning to bear fruit. Can the buyback dynamic rekindle market enthusiasm?
Alibaba will announce the fourth quarter results of the 2024 fiscal year ahead of the US stock market on May 14. Agencies generally expect that in the latest quarter, Ali will achieve revenue of RMB 219.832 billion, an increase of 5.58% year on year; earnings per share of 5.41 yuan, a decrease of 39.88% year on year.
Xiaomi won the April car market traffic
The discount rate in the automobile market has reached a new high, yet inventory pressure has not decreased.