HSI Rises 390 Points to Nearly 4-Year High at Midday as AI Stocks Soar; SMIC Jumps Over 9%

Written by Emily J. Thompson, Senior Investment Analyst

00285-0.39%

00700-0.72%

00981+2.52%

Source: aastocks

Updated: Oct 02 2025

0mins

Source: aastocks

Market Performance: Hong Kong stocks rose significantly, with the HSI increasing by 390 points (1.5%) to 27,245, and the HSCEI and HSTECH also showing notable gains of 1.6% and 2.7%, respectively, during midday trading.
Tech Stocks Surge: AI concept stocks, particularly KUAISHOU-W, BABA-W, and BIDU-SW, experienced substantial increases, while chip and handset-related stocks also saw significant gains, reflecting strong investor interest in the technology sector.

00285

$35.38+Infinity%1D

Analyst Views on 00285

Wall Street analysts forecast 00285 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00285 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

0 Buy

0 Hold

0 Sell

Current: 35.520

Low

Averages

High

Current: 35.520

Low

Averages

High

remove

Al Analysis

2025-11-27

Reason

Price Target

Al Analysis

2025-11-27

remove

Reason

The article indicates that DBS has updated its outlook for Hong Kong stocks, adding CATL (03750.HK) to its recommended list while removing ANTA SPORTS (02020.HK). The reason for the analyst rating appears to be based on the performance and short selling ratios of these stocks. CATL has a relatively low short selling ratio of 2.361%, suggesting less bearish sentiment among investors, while ANTA SPORTS has a significantly higher short selling ratio of 29.830%, indicating greater investor skepticism. This shift in recommendations reflects DBS's assessment of market conditions and investor sentiment towards these companies.

CCB International

Buy

downgrade

$52 -> $47

2025-11-04

Reason

CCB International

Price Target

$52 -> $47

2025-11-04

downgrade

Buy

Reason

The analyst rating from CCB International for BYD ELECTRONIC is maintained as a "Buy" despite a decrease in the target price from HKD52 to HKD47. This decision is based on the company's 3Q25 performance, which showed a 2% year-over-year decline in revenue and a 9% year-over-year drop in net profit, although the net profit did increase by 27% quarter-over-quarter. The results were below the broker's expectations, primarily due to weaker performance in components and intelligent products. The maintenance of the "Buy" rating suggests that the broker still sees potential for recovery or growth in the company's future performance.

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CMBI

downgrade

$61.3

2025-11-04

Reason

CMBI

Price Target

$61.3

2025-11-04

downgrade

Reason

The analyst rating for XIAOMI-W (01810.HK) was influenced by CMBI's decision to reduce its target price to HKD 61.3, based on expectations that the company's adjusted net profit for the third quarter will surge by 60% year-over-year. This positive outlook on profitability contrasts with the stock's recent performance, which saw a net outflow of HKD 0.900 and a short selling ratio of 16.530%.

BofA Securities

Neutral

downgrade

$40

2025-10-31

Reason

BofA Securities

Price Target

$40

2025-10-31

downgrade

Neutral

Reason

The analyst rating for BYD ELECTRONIC (00285.HK) was reiterated at Neutral by BofA Securities due to the company's 3Q25 results missing expectations. The net profit of RMB1.4 billion, while showing a 27% quarter-over-quarter increase, was down 9% year-over-year and only met 29% of the full-year estimates by BofA and 27% by the market. This performance is below the typical range of 32-38% achieved over the past three years. Despite trimming the target price from $45.5 to $40, the stock is still considered undervalued with a projected PE ratio of 13x compared to the average of 26x for peers in the Apple supply chain, leading to the Neutral rating based on reasonable valuation.

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.

HSI Rises 390 Points to Nearly 4-Year High at Midday as AI Stocks Soar; SMIC Jumps Over 9%

Analyst Views on 00285

About the author

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