<Daily Summary> HSI Ends at 26,346, Decreasing by 87 Points; HSTI Finishes at 6,093, Down 77 Points; ZIJIN MINING Falls More Than 5%; HK & CHINA GAS, CHINA SOUTH AIR, DATANG POWER Reach New Peaks; Market Turnover Increases | Intellectia.AI
<Daily Summary> HSI Ends at 26,346, Decreasing by 87 Points; HSTI Finishes at 6,093, Down 77 Points; ZIJIN MINING Falls More Than 5%; HK & CHINA GAS, CHINA SOUTH AIR, DATANG POWER Reach New Peaks; Market Turnover Increases
Written by Emily J. Thompson, Senior Investment Analyst
Market Performance: The Hang Seng Index (HSI) fell by 87 points (0.3%) to 26,346, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, closing at 6,093 and 9,375 respectively, with a total market turnover of $242.70 billion.
Active Heavyweights: Major stocks like Meituan, Xiaomi, Tencent, and Alibaba saw declines, with Meituan down 2% and Tencent down 1.7%. Short selling activity was significant across these stocks, indicating bearish sentiment.
Notable Movers: Among HSI constituents, Zijin Mining and Chow Tai Fook faced substantial drops of 5.6% and 4.6%, respectively, while HSBC Holdings and AIA saw gains of 4.4% and 3.4%, highlighting a mixed performance among key players.
High Performers: In the HSMI & HSSI, Flat Glass surged by 12.3%, and China South Air rose by 3%, both reaching new highs, indicating strong performance in certain sectors despite overall market declines.
Wall Street analysts forecast 00003 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00003 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00003 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00003 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 7.280
Low
Averages
High
Current: 7.280
Low
Averages
High
BofA Securities
BofA Securities
Underperform
initiated
$6.5
2026-01-16
Reason
BofA Securities
BofA Securities
Price Target
$6.5
AI Analysis
2026-01-16
initiated
Underperform
Reason
BofA Securities has assigned an Underperform rating to HK & CHINA GAS due to concerns that, despite an improved earnings outlook from lower gas costs, the company's free cash flow is insufficient to cover dividends. They anticipate that dividends will likely remain stable at best in the coming years, which contributes to their cautious stance on the stock. The target price set is HKD6.5.
HSBC
HSBC Research
Buy
to
Hold
downgrade
$4
2026-01-09
Reason
HSBC
HSBC Research
Price Target
$4
2026-01-09
downgrade
Buy
to
Hold
Reason
The analyst rating for TG SMART ENERGY is maintained as a "Buy" despite a reduction in the target price from HKD 4.7 to HKD 4. This decision is based on the expectation that retail gas sales will remain stable in the second half of 2025, and while the number of new users is projected to decrease by 16% year-over-year in 2025, gas sales in Hong Kong are anticipated to stay solid. Additionally, a gas price hike in August 2024 is expected to support sales volume. However, the earnings forecasts for TG SMART ENERGY have been lowered by 6-7% for 2025-27 due to a reduced contribution from the renewable energy business.
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Daiwa
Daiwa
Hold
to
Outperform
upgrade
2026-01-08
Reason
Daiwa
Daiwa
Price Target
2026-01-08
upgrade
Hold
to
Outperform
Reason
The analyst rating for HK & CHINA GAS was upgraded from Hold to Outperform due to an improvement in fundamentals driven by the recovery of earnings in its green fuel business. This positive outlook is supported by the anticipated recovery of sustainable aviation fuel prices and the addition of new capacity, which is expected to lead to a turnaround in the company's performance in the second half of 2025. Additionally, the restructuring and potential spin-off of its subsidiary EcoCeres after 2026 is expected to provide room for increased dividends per share. The target price was also raised from HKD7.1 to HKD7.7.
Citi
Citi Research
Neutral
maintain
$7
2026-01-08
Reason
Citi
Citi Research
Price Target
$7
2026-01-08
maintain
Neutral
Reason
Citi Research lowered its earnings forecasts for HK & CHINA GAS (00003.HK) for 2025-2027 by 2-5% primarily due to a reduced contribution forecast from its subsidiary, TG SMART ENERGY (01083.HK), and anticipated foreign exchange losses from the appreciation of CNY/HKD. Despite this revision, the broker maintained a target price of $7 and a Neutral rating, as the adjustments to the earnings forecast were relatively mild. Additionally, Citi's 2025 earnings forecast for HK & CHINA GAS is 8% lower than market consensus, with expectations of a 2% year-over-year decline, even when excluding foreign exchange impacts. The broker noted that investors are particularly concerned about the company's dividend, which is expected to remain at $0.35, yielding 5%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
