BK1305 Core Assets of North Bound Fund
- 1539.944
- -0.559-0.04%
Changes in Hong Kong stocks 丨 Ideal Auto surged more than 8%, rising 6 times in a row, good orders during the first sales period for new cars
Glonghui, May 6 | Ideal Auto (2015.HK) raised more than 8% to HK$120.2, rising for the 6th day in a row, to a new high since April 12. According to the news, Ideal Auto's official Weibo stated that during the first sales period from April 18 to May 5, the cumulative order for Ideal L6 exceeded 41,000 vehicles.
Bank Rating | Haitong International: Raised Standard Chartered's target price to HK$90.37 to maintain “outperform the market” rating
Glonghui, May 6 | Haitong International released a report. Standard Chartered's first-quarter revenue and net profit before taxes won expectations, maintaining net profit forecasts for the 2024 and 2025 fiscal years of US$356 million and US$397 million, respectively, with increases of 18% and 12%. The bank maintained a “outperforming the market” rating. The target price increased from HK$77.53 to HK$90.37. According to Haitong International, Standard Chartered's net interest income guideline target for the 2024 fiscal year remains unchanged. It is still 10 billion to 10.25 billion US dollars, which means a year-on-year increase of 5% to 7%. The Group also maintained its target of low unit growth in loans and RWA for FY2024.
Bank stocks fluctuated downward. The Bank of China fell nearly 2%, and the Bank of Communications, Agricultural Bank, and Bank of Jiangsu fell nearly 1%.
Bank stocks fluctuated downward. The Bank of China fell nearly 2%, and the Bank of Communications, Agricultural Bank, and Bank of Jiangsu fell nearly 1%.
UBS draws up the latest list of favorite Chinese stocks
Glonghui, May 6 | UBS released the China Capital Market Strategy Report, saying that since raising the Chinese market rating to “increase holdings,” discussions have been held with 30 investors who have overbought the Chinese market, believing that the market is more likely to accept a positive Chinese position than about six months ago. Investors also acknowledge that the high visibility of dividends/repurchases supports the valuation of Chinese stocks. The bank made a list of its latest favorite Chinese stocks.
Direct change | Ideal Auto increased by more than 8%, and the cumulative number of orders during the L6 first sales period has exceeded 41,000 units
On May 6, $Ideal Automobile-W (02015.HK) $ rose by more than 8% in early trading. As of press release, it had risen 8.11% to HK$120.0, with a turnover of HK$1,432 billion. Market source: According to Futubull Niu News, according to Ideal Auto's official Weibo account, during the first sales period from April 18 to May 5, the cumulative number of orders for Ideal L6 units exceeded 41,000 units. In addition, in April 2024, the company delivered 25,787 new cars, up 0.4% year on year. In the first 4 months of 2024, the company delivered a total of 106,187 units, up 35.7% year on year. Ping An Securities
A50ETF Huabao rose 1.79%, while weighted stocks such as Kweichow Moutai, Ningde Times, and Ping An of China rose more than 3%
On May 6, the three major A-share indices rose, and core assets rose collectively. A50ETF Huabao rose 1.79%, and high-capitalization weighted stocks such as Kweichow Moutai, Ningde Times, and Ping An of China collectively rose more than 3%. The agency pointed out that the new “National Nine Rules” put forward new rules for the management of dividends, performance, and delisting of listed companies, as well as new requirements for quantitative funds and high-frequency transactions by the supervisory authorities. Its core aim is to promote the long-term steady development of the capital market through strengthened supervision. From a long-term perspective, stable leading companies will be favored by more and more capital.
Ping An Securities: Sales are expected to return again after maintaining the Ideal Automobile-W (02015) “Recommended” rating and price system adjustment
Ping An Securities adjusted Ideal Automobile-W (02015) net profit forecast for 2024-2026 to 12.84 billion/ 20.8 billion yuan/26.27 billion yuan.
Foreign Exchange Chairman Du Jiaqi: No plans to sell the business again
Glonghui, May 6 | Foreign Exchange Holdings held its annual shareholders' meeting last Friday (3rd) in London, England. Foreign Exchange Control Chairman Mark Tucker (Mark Tucker) said in response to shareholders' questions that the group has no plans to sell other businesses. CEO Noel Quinn (Noel Quinn) pointed out that the foreign exchange control exited the market mainly because demand was low and the scale of the business was insufficient for effective competition. The Group will strive to develop markets that make a key contribution to global trade and capital flows, and is not considering entering new countries. Foreign Exchange Control maintains a dividend payout ratio target of 50% this year, and the outlook for future dividends remains strong. The year of praying for glory means this year
Changes in Hong Kong stocks | Pharmaceutical Biotech (02269) rose more than 7%, leading CRO concept stocks, the Federal Reserve may still cut interest rates during the year, and overseas demand is expected to resume
On May 6, CRO concept stocks had the highest gains in early trading. As of press release, Tiger Pharmaceuticals (03347) rose 6.82% to HK$36.8; Pharmaceutical Biotech (02269) rose 5.87% to HK$36.45; Kanglong Chemical (03759) rose 4.92% to HK$10.44; and Pharmaceuticals Kangde (02359) rose 3.14% to HK$37.75.
Express News | Most Hong Kong pharmaceutical outsourcing concept stocks strengthened, and Pharmaceutical Biotech rose more than 6%
Hong Kong CXO concept stocks fluctuated higher, and Pharmaceutical Biotech rose more than 8%
Hong Kong stock CXO concept stocks fluctuated higher. Pharmaceutical Biotech rose more than 8%, Tiger Pharmaceuticals and Kanglong Chemical rose more than 5%, and Pharmaceutical Kangde and Kingsley Biotech had the highest gains.
The three major indices of Hong Kong stocks turned down
Glonghui, May 6 | Hang Seng Index, National Index, Hang Seng Technology Index rapidly declined. Petroleum stocks led the decline, with CNOOC and CNPC falling more than 1%.
May 3 Repurchase Collection | Hang Seng Bank, Swire Group A and others bought back one after another. Of these, Hang Seng Bank spent HK$42.1266 million
According to documents disclosed by the Hong Kong Stock Exchange on May 6, $Hang Seng Bank (00011.HK) $ and $Swire Group A (00019.HK) $ repurchased shares. ① $Hang Seng Bank (00011.HK) $ repurchased 400,000 common shares on May 3, involving an amount of HK$42.1266 million. The repurchase price per share ranged from HK$106.2 to HK$104.6. The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 8.384 million shares, accounting for 0.439% of the number of shares issued when the ordinary resolution was passed. ② $Taikoo
Real investigation! After the Beijing Property Market New Deal, how was the “May Day” housing market?
Overall, the Beijing property market has stabilized under the influence of a series of policies.
League of Nations Securities: Maintaining China Financial Insurance's (02328) “Buy” Rating Target Price of HK$13
Guolian Securities estimates the net profit of China Financial Insurance (02328) to be 282/314/33.3 billion in 2024-2026, respectively.
Food consumption is booming during the May 1st holiday! Branded restaurants welcome growth in customer traffic
During the May Day holiday this year, although many regions were affected by bad weather and other factors, domestic food and beverage consumption still experienced a small peak.
Du Jiaqi's re-election as a director of HSBC surged 20 percentage points to 99.78%
GLONGHUI, May 6 | HSBC Holdings (0005.HK) announced the voting results of the 2024 Annual General Meeting of Shareholders. Among them, re-elected Chairman Mark Tucker (Mark Tucker) received 9.747 billion votes in favor, accounting for 99.78% of the voting ratio, an increase of 1,492 billion votes or 20 percentage points over 8.255 billion votes or 79.77% of the votes received in 2023. As for re-electing Noel Quinn (Noel Quinn) as director for re-election, it received 8.26 billion votes or 83.9% in favor, 1,582 million votes or 16.07% against, and the number of negative votes decreased by 400 million from year to year
Express News | Ideal L6 ordered more than 41,000 units during the first sale period
Express News | Ping An of China shares traded 1.08 million shares through bulk trading at HK$39.269 per share.
Opinion | How much room is left for Hong Kong stocks after two weeks of sharp gains? Optimistic estimate: 20%!
If subsequent policies continue to be effective, profit growth of 10% under optimistic conditions will correspond to an increase of about 20%.