On Wednesday, the Hong Kong stock market staged a V-shaped reversal. At the close, the technology index took the lead in turning up, and shangtang-w (00020. HK) rose more than 5%.
Note: Trend of Hang Seng technology index
As of the close, Hang Seng technology index rose 0.26%, or 11.59 points, to close at 439391 points; The Hang Seng Index fell 0.67%, or 138.16 points, to close at 2062771; The SOE index fell 0.67%, or 48.22 points, to close at 718958.
Among the heavyweights of Hang Seng technology index, the rise of individual stocks such as Xiaomi group (01810. HK) and JD group (09618. HK) contributed more than half of the increase to the technology index.
Note: performance of some heavyweights of Hang Seng technology index
In terms of sectors, the market sentiment gradually warmed up, among which the green power sector and automobile sector maintained an upward trend, while the trend of sporting goods and CXO sector was sluggish.
green electric track returns to the hot spot
Today, the green power sector has attracted much market attention, among which GCL new energy (00451. HK) and Datang new energy (01798. HK) increased by more than 5%.
Some analysts pointed out that due to the impact of Russia Ukraine relations, energy prices have soared recently, which has promoted the further development of new energy. In particular, new energy segments with high industrial prosperity and energy substitution attributes, such as photovoltaic and green power, are expected to benefit.
In addition, Zhang Jianhua, director of the national energy administration, said during the national two sessions that this year’s energy work should adhere to seeking progress in stability, establish first and then break down, continue to expand the supply of clean energy, strengthen the optimal combination of traditional energy and new energy, and speed up the construction of a new energy supply and consumption system.
auto sector stops falling and picks up
The auto sector of Hong Kong stocks resumed its upward trend today, including Geely Automobile (00175. HK) and Xiaopeng automobile-w (09868. HK).
In terms of news, the passenger Federation released the sales data of new energy in February after hours on Wednesday, which mentioned that the sales volume in February was 320000, with a year-on-year increase of 190% and a penetration rate of 21.8%, while the wholesale penetration rate of new energy vehicles in January was 19%. In addition, they also expect the penetration rate of new energy vehicles to rise rapidly in the first half of 2022.
In addition, Cui Dongshu, Secretary General of the Federation of passengers, pointed out that the sudden sharp rise in nickel prices does not have a very serious impact on the downstream links of the mainland’s new energy vehicle industry chain. It is believed that the rise in nickel prices in the short term is speculation and may fall back at the end of the year, because the scale of nickel mines in Russia is not particularly large, and the scale is the largest in Indonesia and other places.
Li Ning led the decline, and the sports clothing sector weakened
In the sports clothing sector, Li Ning (02331. HK) and Anta sports (02020. HK) decreased significantly, with 9.36% and 7.41% respectively.
In terms of news, the Norwegian pension fund, the world’s largest sovereign fund, recently announced that it would exclude Li Ning from its investment scope. It is reported that the fund’s positions include shares of Chinese companies such as Tencent Holdings (00700. HK), Alibaba (09988. HK) and Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) . SH).
In addition, Shenwan Hongyuan Group Co.Ltd(000166) recently released a research report that the total sales of China’s sporting goods market from January to February did not exceed expectations, and the sales of sportswear are expected to decline by 18% year-on-year.
The Shenwan report also pointed out that the reasons why the sales of sporting goods were lower than expected were: firstly, the epidemic situation in China was widely distributed, the retail of brand stores still faced challenges, and the cooling at the beginning of the year dragged down the new spring sales to a certain extent. Secondly, the live broadcasting industry was facing rectification, the effect of anchor with goods decreased significantly, and the important driving point of brand online sales in the past two years was affected.
cxo sector continues to decline
The trend of CXO sector is sluggish, including Yaoming biological (02269. HK) down 6.98%, Pharmaron Beijing Co.Ltd(300759) (03759. HK) down 6.06% and Wuxi Apptec Co.Ltd(603259) down 4.39%.
Wanlian securities released a research report today that at present, the CXO sector has not fallen to a particularly cost-effective position. At present, it can only be regarded as a reasonable valuation range. Although the sector will rebound periodically, it is difficult to reverse the big market. In addition, the tightening of monetary policy overseas has a greater impact on the valuation of Hong Kong stock CXO. In the short term, it is recommended to watch carefully.
southbound funds
There was a slight inflow of funds from the south today, with a net purchase of HK $361 million.
market stock news and changes
[Yihai international fell nearly 7% and the organization said that the increase in costs reduced its profits]
Yihai International (01579. HK) fell 6.94% to HK $23.45. Relevant institutions pointed out that due to the rising commodity prices, the company’s profit margin pressure is expected to be high in 2022: for every 10% increase in the cost of raw materials, its revenue will be reduced by 18%. Previously, the 2021 profit warning issued by Haidilao also revealed that its cost pressure is high, and Yihai international is the supplier of Haidilao.
[Huabao international increased by 8% and the subsidiary plans to acquire 27% equity of Shanghai Yifang]
Huabao International (00336. HK) rose 8.43% to HK $3.86. According to the announcement of the company, the subsidiary Huabao Flavours & Fragrances Co.Ltd(300741) acquired from Keli enterprise, Hanying investment and runkai investment with a total consideration of RMB 122 million in cash, holding a total of 27% equity of Shanghai Yifang. It is reported that Shanghai Yifang’s business covers the industrial chain from upstream fruit planting to downstream food deep processing. This acquisition is conducive to expanding the business of Huabao Flavours & Fragrances Co.Ltd(300741) food ingredients.
[Cathay Pacific closed up nearly 5% in late trading and its loss narrowed 74.5% year-on-year last year]
Cathay Pacific Airways (00293. HK) rose 4.73% to HK $6.64. Cathay Pacific announced its results at noon today, with a revenue of HK $45.587 billion, a year-on-year decrease of 2.9%; Cathay Pacific shareholders should account for a loss of HK $5.527 billion, a year-on-year decrease of 74.5%.
[CIMC Enrico rose nearly 5% in the afternoon and UBS is optimistic about hydrogen production equipment business]
CIMC Enrico (03899. HK) rose 4.98% to HK $8.85. UBS issued a report, raising the rating of CIMC Enrico (3899. HK) from “neutral” to “buy”, and raising the target price from HK $7.2 to HK $12.4 to reflect the potential room for growth in hydrogen sales.
