Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell nearly 2%; PV stocks reversed the market, and GCL Technology rose more than 6%
Technology Network stocks declined; Bilibili fell more than 6%, NetEase fell more than 4%, Kuaishou and Meituan fell nearly 4%; as concept stocks declined, Huazhu Group fell more than 3%, and Jiumaojiu fell nearly 3%.
Intraday Overview | The three major indices of Hong Kong stocks surged and fell, and GCL Technology rose more than 6%
Apple concept stocks rose; BYD Electronics rose nearly 4%; Shunyu Optical Technology rose nearly 3%; gold stocks strengthened, Shandong gold rose nearly 3%, and China Gold International rose more than 2%.
Kuaishou (01024) was selected for UBS's most popular Chinese stock list. The cumulative increase in stock prices in January was over 25%
UBS's upgrade to the Chinese market rating to “increase its holdings”, Tencent, Meituan Kuaishou, etc. received the most attention
Opinions | There is still room for Hong Kong stocks
In terms of industry choices, growth styles are spreading, and the Internet, semiconductors, automobiles, and pharmaceuticals may dominate, but high dividends are still valuable.
Zhitong Hong Kong Stock Connect Shareholding Analysis|May 7
According to data disclosed on May 6, 2024, Marco Digital Technology (01942.HK), Shandong Molong (00568.HK), and Kaisheng Xinneng (01108.HK) ranked in the top 3 shares of Hong Kong Stock Connect, with 69.33%, 66.90%, and 64.31% respectively. In addition, Bank of China (03988.HK), Shangtang-W (00020.HK), and China Resources Land (01109.HK) saw the biggest increases in their holdings in the five recent trading days, with statistics of +2,738 billion yuan, +582 million yuan, and +436 billion yuan, respectively; Meituan
Futu Morning Post | The Federal Reserve's “Big Three” Release Pigeons: Interest Rates Will Eventually Be Cut; Tesla Reported to Begin a New Round of Layoffs
Federal Reserve Barkin: The current interest rate level has been able to reduce inflation to 2%; news: Apple is developing artificial intelligence chips for servers; Lucid's loss per share in the first fiscal quarter was higher than expected.
Meituan KeeTA has become the largest takeout platform in Hong Kong, with an order share of 44%
KeeTA has already ranked first in the one-year order volume market after entering Hong Kong
Express News | Meituan KeeTA's share of orders in Hong Kong reached 44%
Express News | Southbound Capital made a significant net purchase of 5,086 billion yuan today. On the Hong Kong Stock Connect (Shanghai) side, Yingfu Fund and Bank of China received net purchases of HK$3,684 million and HK$579 million respectively; Meituan-W had the hig
Chinese assets explode! The Hang Seng Index has risen ten times in a row, and China's Golden Dragon Index has been rising nearly 15% in two weeks. What do you think of the future market?
More and more global capital is looking at Chinese assets.
Express News | Meituan: “May Day” holiday leisure camping orders increased by more than 300%
A quick look at the Hong Kong market | The Hang Seng Index has risen ten times in a row! Most large technology stocks rose, Shangtang rose 5%; domestic housing stocks fell, and Shimao Group fell more than 9%
The three major indices of Hong Kong stocks closed slightly higher, with the Hang Seng Index rising slightly by 0.55%, achieving ten consecutive gains; most large technology stocks rose by more than 6%, Weibo by more than 5%, Shangtang by 5%, NetEase by more than 2%, Tencent by nearly 2%, and JD, Meituan, Baidu, and Alibaba all showed gains.
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.
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%.
Zhitong Hong Kong Stock Connect Shareholding Analysis|May 6
According to data disclosed on May 3, 2024, Marco Digital Technology (01942.HK), Shandong Molong (00568.HK), and Kaisheng Xinneng (01108.HK) ranked in the top 3 shares of Hong Kong Stock Connect, with 69.33%, 66.90%, and 64.31% respectively.
Selected announcements | Country Garden achieved contract sales of about 3.85 billion yuan in April; Geely intends to purchase up to 320 million US dollars of Polar Krypton ADS
Meituan spent HK$215 million to buy back 1,806 million shares.
Hong Kong Stock Announcement Nuggets | Zhifu Resources Investment received a discount of about 43.75% from Wang Yongkui and proposed a partial takeover offer
Lai Sun Development plans to sell all shares in Gangyue Limited for HK$215.8 million...
Express News | Meituan: In the first three days of the May Day holiday, Shanghai ranked first among cities in the country in terms of consumption of local lifestyle services
Express News | Meituan: Local “eat, drink and play” consumption increased 25% during the May 1st holiday
Express News | Meituan bought back 1.861 million shares on the 3rd, costing about HK$215 million
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