HSI Rises by 359 Points; BABA-W Jumps Over 9%; SMIC and LENS Perform Strongly
Market Performance: The HSI rose by 359 points (1.4%) to 26,518, with significant gains in the HSCEI and HSTECH, reflecting a total market turnover of HKD288.772 billion.
Alibaba's Growth: Alibaba's stock surged nearly 9.2% after launching the Tongyi Qianwen 3-Max model, with Cathie Wood purchasing its ADR for the first time in four years.
Chip and Tech Stocks Surge: Notable increases were seen in chip stocks like SMIC and HUA HONG SEMI, as well as other tech companies, driven by strong market sentiment and new product releases.
Mixed Results in Other Sectors: While some automotive and home appliance stocks like BYD and HISENSE saw varied performance, others like POP MART experienced declines, indicating a mixed market response across sectors.
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HSI Closes Down 491 Points; Tech, Pharma, and Chinese Insurers Decline, While STANCHART Surges Over 3% After Earnings Report
Market Performance: The HSI fell by 491 points (1.8%) to 26,590, with the HSCEI and HSTECH also experiencing declines of 2.1%, closing at 9,007 and 5,270 respectively, amid a total market turnover of HKD250.992 billion.
Tech Stock Declines: Major tech stocks like TENCENT, BABA-W, and MEITUAN-W saw significant drops, with short selling ratios indicating high market activity, reflecting a broader downturn in the tech sector.
Pharmaceutical Sector Struggles: Pharmaceutical stocks continued to decline, with CSPC PHARMA and SINO BIOPHARM among the biggest losers, as short selling activity remained high in this sector.
Financial Sector Highlights: STANCHART reported a 3.1% increase in stock price after announcing a significant rise in dividend distribution, contrasting with the overall negative trend seen in Chinese insurers, which experienced declines.
HSI Declines 523 Points at Midday; KNOWLEDGE ATLAS Gains 20%; Tech, Pharma, and Chinese Insurers Underperform
Market Performance: The HSI fell 523 points (1.9%) to 26,558, with the HSCEI down 190 points (2.1%) and the HSTECH dropping 127 points (2.4%), amid a total turnover of HKD138.679 billion.
Tech Stocks Decline: Major tech stocks like TENCENT, BABA-W, and MEITUAN-W experienced significant declines, with short selling ratios indicating increased bearish sentiment.
AI and Robotics Sector Struggles: Stocks in the AI sector, including SENSETIME-W and PHANCY, saw substantial losses, while robotics stocks like DOBOT plunged over 10%.
Pharmaceutical and Insurance Stocks Down: Pharma stocks such as CSPC PHARMA and Chinese insurers like CHINA LIFE faced declines of 4-6%, reflecting a broader downturn in these sectors.
G Sachs: KINGDEE INT'L (00268.HK) Anticipated to Report Over RMB60M Profit Last Year, Falling Short of Projections; Target Price Reduced to $18.21
Goldman Sachs Outlook: Goldman Sachs maintains a positive outlook on KINGDEE INT'L (00268.HK), leveraging AI and corporate data to enhance productivity, despite a recent stock decline of 5.645%.
Profit Forecast: KINGDEE INT'L is expected to turn a profit in 2025, projecting a net profit of RMB60-100 million, although this is lower than previous estimates of RMB178 million.
Revised Profit Estimates: Goldman Sachs has reduced its profit forecasts for KINGDEE INT'L for 2025-2027 by 47%, 8%, and 6% respectively, citing higher-than-expected operating expenses.
Target Price Adjustment: The broker has lowered its target price for KINGDEE INT'L from $18.98 to $18.21 while maintaining a "Buy" rating.
HSI Drops 161 Points at Midday in Year of the Horse; Robotics and AI Stocks Surge; PetroChina and CNOOC Reach All-Time Highs
Market Performance: The HSI fell by 161 points (0.6%) to 26,544, while the HSCEI and HSTECH also experienced declines, with total market turnover reaching HKD91.755 billion.
Oil and Energy Stocks Surge: PETROCHINA and CNOOC saw significant gains of 4.6% and 3.3%, respectively, with CNOOC hitting an all-time high, while other energy-related stocks also performed well.
Robotics and AI Stocks Rally: Following a viral performance at the CCTV Spring Festival Gala, robotics stocks like DOBOT and ROBOSENSE surged by over 19%, alongside strong performances from AI model stocks.
Tech Sector Declines: Major tech companies such as Alibaba, Baidu, and Tencent faced losses, with declines ranging from 1.4% to 7.8%, while several other tech stocks also experienced significant drops.
HSI Declines by 48 Points as BABA-W and BIDU-SW Fall; COSCO SHIP ENGY Rises Over 6%
Market Opening: The Hong Kong equity market opened lower after the Lunar New Year holiday, with the HSI down 0.2% at 26,657, the HSCEI down 0.2% at 9,052, and the HSTECH down 0.7% at 5,330.
Stock Performances: CNOOC and COSCO SHIP ENGY saw gains of 2.2% and 6.1% respectively, while tech stocks like BABA-W and BIDU-SW experienced declines of 3.7% and 5.2%.
Sector Movements: Commodities stocks generally rose, with notable increases from MMG and CMOC, while several automakers and financial stocks showed mixed results, with HSBC and HKEX slightly up.
Short Selling Trends: Significant short selling was observed across various sectors, particularly in tech stocks, with BILIBILI-W and KINGDEE INT'L experiencing notable declines alongside high short selling ratios.
HSI Closes Up 83 Points; BYD COMPANY and XIAOMI-W Drive Gains; Gold and Silver Stocks Surge
Market Performance: The HSI rose by 83 points (0.3%) to 27,266, with the HSCEI and HSTECH also showing gains, closing at 9,268 and 5,499 respectively, and total market turnover reaching HKD217.218 billion.
Stock Highlights: SENSETIME-W and PONY-W saw increases of 2.9% and 2.6%, while HESAI-W surged by 7.9%. Conversely, YOFC dropped by 5.7% after being added to the MSCI China Index.
Tech Sector Movements: SMIC fell by 2.2% despite a significant YoY profit increase, while other tech stocks like TENCENT and BABA-W experienced slight declines, whereas KINGSOFT CLOUD and KINGDEE INT'L saw notable gains.
Auto and Gold Stocks: Auto stocks led the market with XIAOMI-W and BYD COMPANY rising significantly, aided by new EU tariff exemptions for Chinese electric vehicles. Gold stocks also performed well, with several companies experiencing gains of 2.8% to over 9%.
HSI Closes Down 491 Points; Tech, Pharma, and Chinese Insurers Decline, While STANCHART Surges Over 3% After Earnings Report
Market Performance: The HSI fell by 491 points (1.8%) to 26,590, with the HSCEI and HSTECH also experiencing declines of 2.1%, closing at 9,007 and 5,270 respectively, amid a total market turnover of HKD250.992 billion.
Tech Stock Declines: Major tech stocks like TENCENT, BABA-W, and MEITUAN-W saw significant drops, with short selling ratios indicating high market activity, reflecting a broader downturn in the tech sector.
Pharmaceutical Sector Struggles: Pharmaceutical stocks continued to decline, with CSPC PHARMA and SINO BIOPHARM among the biggest losers, as short selling activity remained high in this sector.
Financial Sector Highlights: STANCHART reported a 3.1% increase in stock price after announcing a significant rise in dividend distribution, contrasting with the overall negative trend seen in Chinese insurers, which experienced declines.
HSI Declines 523 Points at Midday; KNOWLEDGE ATLAS Gains 20%; Tech, Pharma, and Chinese Insurers Underperform
Market Performance: The HSI fell 523 points (1.9%) to 26,558, with the HSCEI down 190 points (2.1%) and the HSTECH dropping 127 points (2.4%), amid a total turnover of HKD138.679 billion.
Tech Stocks Decline: Major tech stocks like TENCENT, BABA-W, and MEITUAN-W experienced significant declines, with short selling ratios indicating increased bearish sentiment.
AI and Robotics Sector Struggles: Stocks in the AI sector, including SENSETIME-W and PHANCY, saw substantial losses, while robotics stocks like DOBOT plunged over 10%.
Pharmaceutical and Insurance Stocks Down: Pharma stocks such as CSPC PHARMA and Chinese insurers like CHINA LIFE faced declines of 4-6%, reflecting a broader downturn in these sectors.
G Sachs: KINGDEE INT'L (00268.HK) Anticipated to Report Over RMB60M Profit Last Year, Falling Short of Projections; Target Price Reduced to $18.21
Goldman Sachs Outlook: Goldman Sachs maintains a positive outlook on KINGDEE INT'L (00268.HK), leveraging AI and corporate data to enhance productivity, despite a recent stock decline of 5.645%.
Profit Forecast: KINGDEE INT'L is expected to turn a profit in 2025, projecting a net profit of RMB60-100 million, although this is lower than previous estimates of RMB178 million.
Revised Profit Estimates: Goldman Sachs has reduced its profit forecasts for KINGDEE INT'L for 2025-2027 by 47%, 8%, and 6% respectively, citing higher-than-expected operating expenses.
Target Price Adjustment: The broker has lowered its target price for KINGDEE INT'L from $18.98 to $18.21 while maintaining a "Buy" rating.
HSI Drops 161 Points at Midday in Year of the Horse; Robotics and AI Stocks Surge; PetroChina and CNOOC Reach All-Time Highs
Market Performance: The HSI fell by 161 points (0.6%) to 26,544, while the HSCEI and HSTECH also experienced declines, with total market turnover reaching HKD91.755 billion.
Oil and Energy Stocks Surge: PETROCHINA and CNOOC saw significant gains of 4.6% and 3.3%, respectively, with CNOOC hitting an all-time high, while other energy-related stocks also performed well.
Robotics and AI Stocks Rally: Following a viral performance at the CCTV Spring Festival Gala, robotics stocks like DOBOT and ROBOSENSE surged by over 19%, alongside strong performances from AI model stocks.
Tech Sector Declines: Major tech companies such as Alibaba, Baidu, and Tencent faced losses, with declines ranging from 1.4% to 7.8%, while several other tech stocks also experienced significant drops.
HSI Declines by 48 Points as BABA-W and BIDU-SW Fall; COSCO SHIP ENGY Rises Over 6%
Market Opening: The Hong Kong equity market opened lower after the Lunar New Year holiday, with the HSI down 0.2% at 26,657, the HSCEI down 0.2% at 9,052, and the HSTECH down 0.7% at 5,330.
Stock Performances: CNOOC and COSCO SHIP ENGY saw gains of 2.2% and 6.1% respectively, while tech stocks like BABA-W and BIDU-SW experienced declines of 3.7% and 5.2%.
Sector Movements: Commodities stocks generally rose, with notable increases from MMG and CMOC, while several automakers and financial stocks showed mixed results, with HSBC and HKEX slightly up.
Short Selling Trends: Significant short selling was observed across various sectors, particularly in tech stocks, with BILIBILI-W and KINGDEE INT'L experiencing notable declines alongside high short selling ratios.
HSI Closes Up 83 Points; BYD COMPANY and XIAOMI-W Drive Gains; Gold and Silver Stocks Surge
Market Performance: The HSI rose by 83 points (0.3%) to 27,266, with the HSCEI and HSTECH also showing gains, closing at 9,268 and 5,499 respectively, and total market turnover reaching HKD217.218 billion.
Stock Highlights: SENSETIME-W and PONY-W saw increases of 2.9% and 2.6%, while HESAI-W surged by 7.9%. Conversely, YOFC dropped by 5.7% after being added to the MSCI China Index.
Tech Sector Movements: SMIC fell by 2.2% despite a significant YoY profit increase, while other tech stocks like TENCENT and BABA-W experienced slight declines, whereas KINGSOFT CLOUD and KINGDEE INT'L saw notable gains.
Auto and Gold Stocks: Auto stocks led the market with XIAOMI-W and BYD COMPANY rising significantly, aided by new EU tariff exemptions for Chinese electric vehicles. Gold stocks also performed well, with several companies experiencing gains of 2.8% to over 9%.
