On the last trading day of the May Day holiday, the Hong Kong stock market ushered in a collective surge, in which the science and technology index and Hang Seng Index rose by more than 400 points, and Internet and automobile stocks were sought after by market funds.
In fact, Hong Kong stocks have risen for four consecutive days, with the Hang Seng technology index rising nearly 20% from 384690 to 447175.
the heavy tone set by the Political Bureau of the CPC Central Committee triggered a collective rise in the Hong Kong stock market in the afternoon
The major indexes of Hong Kong stocks rose sharply, mainly due to the meeting held by the Political Bureau of the CPC Central Committee on April 29, which made important arrangements for epidemic prevention and control, macro policies, real estate, platform economy, capital market and other aspects, and released heavy signals.
In terms of macro policies, we should strengthen macro policy regulation, stabilize the economy, strive to achieve the expected goal of economic and social development throughout the year, and keep the economy running within a reasonable range.
In terms of real estate, we should adhere to the positioning that houses are used for living rather than speculation, support all localities to improve real estate policies based on local conditions, support rigid and improved housing demand, optimize the supervision of commercial housing pre-sale funds, and promote the steady and healthy development of the real estate market.
In terms of platform economy, we should promote the healthy development of platform economy, complete special rectification of platform economy, implement normalized supervision, and introduce specific measures to support the standardized and healthy development of platform economy.
In terms of consumption, we should give play to the leading role of consumption in the economic cycle. We should stabilize market players and implement a package of relief and assistance policies for industries, small, medium-sized and micro enterprises and individual industrial and commercial households seriously affected by the epidemic.
In addition to the heavy tone set by the Political Bureau of the CPC Central Committee, many ministries and commissions in China have continued to release policies recently, driving the market to continue to pick up.
As of the close, the science and technology index rose 9.96%, or 404.86 points, to close at 447175 points; The Hang Seng Index rose 4.01%, or 813.22 points, to close at 2108939; The SOE index rose 5.49%, or 380.07 points, to close at 729869.
Among them, the trend of Hang Seng Index attracted attention. The trend of the index rose sharply near midday, with a maximum increase of more than 4%, and remained rising until the closing.
Meanwhile, most of the constituent stocks of Hang Seng Index rose, among which Alibaba (09988. HK), meituan (03690. HK) and Tencent Holdings (00700. HK) were among the top gainers, rising 15.69%, 15.51% and 11.07% respectively.
Note: performance of some constituent stocks of Hang Seng Index
technology stocks rebounded and Goldman Sachs was optimistic about the future of the Internet
From this point of view, technology stocks have become the recent rebound signal of Hong Kong stocks. Goldman Sachs recently pointed out that China’s science and technology network stocks have a great average room for rise.
The target price of China Science and technology network company covered by the bank’s Internet research team means that the average room for the rise of relevant shares in the next 12 months is 82%.
Dahe also reiterated its “positive” rating on China’s Internet industry. It is expected that the growth of geoscience network industry will slow down in 2022, but the profit margin will improve. It is suggested that long-term investors can absorb high-quality large-scale science and technology network stocks, and choose Tencent, Netease, meituan and Baidu as the first choice.
The bank said it was relatively optimistic about China’s Internet industry than its peers because it expected the mainland authorities to put forward constructive solutions to geopolitical problems and China’s economy.
positive continued to stack up, auto stocks rose in response
In addition to the sharp rise in the Internet sector, the automobile sector followed the market in the afternoon. As of the closing, ideal automobile (02015. HK), Weilai (09866. HK), Xiaopeng automobile (09868. HK) and Great Wall Motor Company Limited(601633) (02333. HK) rose by 8.77%, 6.67%, 7.07% and 6.40% respectively.
In terms of news, Cui Dongshu, Secretary General of the national passenger car market information joint committee, said that the automobile industry has a high output value and a long industrial chain supply chain. It is an important part of the manufacturing industry and a key industrial chain at this stage. The resumption of work and production of the automobile industry chain is imminent.
The Guangdong Provincial Development and Reform Commission issued a notice on the subsidy activities for the purchase of new energy vehicles. Individual consumers purchased new new energy vehicles within the scope of models promoted by the “Guangdong special action for replacing old vehicles with new ones” in the province, and gave qualified consumers a comprehensive subsidy of 8000 yuan / vehicle for the use of new energy vehicles.
zhongdeng company reduced the transfer fee of stock trading, and Chinese securities stocks rose collectively
China Securities Depository and Clearing Co., Ltd. issued a notice on April 28, which will reduce the transfer fee of stock trading by 50% as of April 29 (Friday). Zhongtai international pointed out that the measure of reducing the stock transaction cost will reduce the transaction cost of investors, help revitalize the market transactions and give a short boost to the securities companies’ stocks.
As of the closing, most Chinese securities companies rose, with China International Capital Corporation Limited(601995) (03908. HK) up 7.75%, Citic Securities Company Limited(600030) (06030. HK) up 7.27% and Huatai Securities Co.Ltd(601688) (06886. HK) up 5.62%.
coal stocks pulled back sharply, and the coal of nangobi and Yitai fell by more than 3%
Against the background of the sharp rise in the Hong Kong stock market, nangebi (01878. HK), Yitai Coal (03948. HK), Mongolian coking coal (00975. HK) and China Coal Energy Company Limited(601898) (01898. HK) fell by 3.4%, 4.69%, 3.42% and 2.90% respectively.
In terms of news, the Ministry of Finance announced on the 28th that from May 1, 2022 to March 31, 2023, the provisional import tax rate of zero will be implemented for all coal, which will help reduce the cost of coal import China International Capital Corporation Limited(601995) today pointed out that the price difference between domestic and foreign coal is still too large, and it may be difficult for tariff adjustment to have obvious effect in the short term. At present, the price of thermal coal at home and abroad continues to hang upside down, and the price difference is still large. The arrival price difference between China and Newcastle thermal coal in Australia is still about 1000 yuan.
southbound funds
Since April, southbound funds have totaled 10.528 billion yuan, of which technology inflows represented by Tencent Holdings (00700.hk), meituan-w, Kwai-w (01024.hk) and Xiaomi group-w (01810.hk) rank first.
Note: the trend of southward funds since April
market stock news and changes
[international oil prices remain high and CNOOC’s revenue and profit in the first quarter both increased]
CNOOC (00883. HK) rose 3.51% to HK $11.22. The company released its first quarterly report on Thursday, which mentioned an operating revenue of 90.898 billion yuan, a year-on-year increase of 73.52%; The net profit was 34.3 billion yuan, a year-on-year increase of 131.67%.
Earnings per share is 0.77 yuan. It is proposed to declare a special dividend of HK $1.18 per share to shareholders.
[Shangtang increased by more than 5.18% and last year’s revenue increased by 36.4% year-on-year to 4.7 billion yuan]
Shangtang-w (00020. HK) rose 5.18% to HK $12.61. Shangtang recently released its 2021 annual report, in which the revenue reached 4.7 billion yuan (unit: RMB, the same below), with a year-on-year increase of 36.4% and a gross profit margin of 69.7%. In addition, the commercialization of artificial intelligence technology was accelerated, and the four sectors maintained a leading position in the industry.
[Bairong cloud increased by nearly 20% and the organization said the industry’s digital transformation was accelerated]
Bairongyun (06608. HK) rose 19.11% to HK $10.72. The company recently announced its performance in 2021, during which it achieved a revenue of 1.623 billion yuan, a year-on-year increase of 43%. At present, the scope of customers has covered most state-owned banks, consumer finance companies and insurance companies. It is expected that in the future, the company will use the financial management SaaS function developed and accumulated in the past year to extend to funds, trusts and other sectors.
Guoyuan Securities Company Limited(000728) pointed out that the guidance on the digital transformation of banking and insurance industry was officially issued to banking and insurance institutions. As a leading enterprise in the industry, the company will fully grasp this historic development opportunity.
