© Reuters. The three major Hong Kong stock indexes collectively pulled back!Pharmaceutical stocks and Apple concept stocks continue to decline
On January 5, the three major Hong Kong stock indexes collectively weakened. As of the close, the Hang Seng Index fell 0.66%, the State-owned Enterprises Index fell 0.75%, and the Hang Seng Technology Index fell 1.71%.
Pharmaceutical stocks fell sharply, and biopharmaceutical stocks fell for four consecutive days.Minimally Invasive Robot-B (02252.HK) fell 13.91%, Zhaoke Ophthalmology-B (06622.HK) fell 12.05%, and Beihai Kangcheng-B (01228.HK) fell 9.41%.Among pharmaceutical outsourcing concept stocks,Viva Biotech (01873.HK) fell 6%, GenScript Biotech (01548.HK) fell 3.71%, and WuXi AppTec (02359.HK) fell 3.13%.
Apple concept stocks continue to fall,Qiu Titanium Technology (01478.HK) fell 3.12%, Gaowei Electronics (01415.HK) fell 2.73%, and Sunny Optical Technology (02382.HK) fell 1.64%.
On the news, U.S. investment institution Piper Sandler downgraded Apple’s rating from “overweight” to “neutral”, citing concerns that iPhone inventory levels and sales growth rates have peaked. As the macro environment weakens, Piper Sandler analyst Harsh Kumar predicts that Apple will face challenges. He also emphasized the impact of high interest rates on Apple’s overall performance.
SaaSConcept stocks were also among the top losers.Kingdee International (00268.HK) fell 4.23%, Yidu Technology (02158.HK) fell 3.40%, and Bairong Cloud-W (06608.HK) fell 2.27%.
In other respects, paper industry stocks, mobile game stocks, technology and Internet stocks, etc. are mostly sluggish; automobile stocks, car dealers, film and television stocks, dairy stocks, catering stocks and other consumer stocks have weakened.
On the gainer list, telecommunications stocks bucked the market trend and rose.China Mobile (00941.HK) rose 2.73%, China Telecom (00728.HK) rose 1.62%, and China Unicom (00762.HK) rose 1.04%.
Citi’s research report stated that China Mobile’s management participated in the China Technology and Telecommunications Enterprise Day held by the bank, citing management’s guidance to maintain a dividend payout ratio of 70% or above in 2023. With the reduction in 5G network-related investments, capital expenditures are expected to be It is showing a downward trend, and the capital expenditure to sales ratio will drop to 20% by 2025. China Mobile’s management maintains its cloud revenue guidance of RMB 80 billion and remains optimistic about the growth space of its cloud business, which is expected to benefit from the development of China’s digitalization trend. Citigroup maintains a “buy” investment rating on China Mobile.
Nuclear power stocks continue to strengthen,CGN Mining (01164.HK) rose 2.47%, CGN Power (01816.HK) rose 1.92%, and CGN New Energy (01811.HK) rose 1.01%.
In terms of news, the recent executive meeting of the State Council decided to approve the Guangdong Taipingling and Zhejiang Jinqimen nuclear power projects. China National Nuclear Corporation has taken the lead in establishing a controllable nuclear fusion innovation consortium, which will promote domestic fusion research and device construction. In addition, with the accelerated development of the domestic nuclear energy industry, the supply and demand for natural uranium has intensified recently, and the price of natural uranium ore has remained high, which is good for the future performance of companies in related industries.
Some home appliance stocks are popular,Haier Smart Home (06690.HK) rose 2.8%, and Hisense Home Appliances (00921.HK) rose 0.79%. In addition, energy stocks such as oil and gas stocks, hydrogen energy concepts, gas stocks, green electricity concepts, and power stocks are also active.
In terms of popular stocks, Kerry Logistics (00636.HK) surged 15.09%.In terms of news, Kerry Logistics (China) recently announced that it has entered into an agreement with SF Express Intermodal, a subsidiary of SF Express Holdings, to acquire 70% of the equity of the Alashankou International Express Railway. This is expected to help release Kerry Logistics’ multimodal transportation business in the international freight forwarding business. The value of the service.
“The No. 1 Artist Management Stock” Lehua Entertainment (02306.HK)It surged higher again, closing up 10.36%. Looking at the extended cycle, since December 6, 2023, within 20 trading days, Lehua Entertainment’s overall increase has reached 60%. In terms of catalytic factors, recently, the “Asian Super Star Cluster” program participated by many artists under Lehua Entertainment is currently on the air, which has once again ignited the audience’s enthusiasm for idol stage competition programs. After the homemade short variety show “People Are Not Afraid of Being Famous and Pigs Are Not Afraid of Being Strong” became a hit, Lehua Entertainment’s popularity continued to rise.
Keep (03650.HK), known as the “No. 1 sports technology stock”Since its low-key listing on the Hong Kong Stock Exchange on July 12, 2023, the stock price has experienced ups and downs. It experienced a breakout not long after its listing, and the stock price continued to fall. Today, the stock fell again by 13.67% to HK$7.77, a decrease of more than 70% compared with the HK$28.92 when it was first listed.
2024-01-05 08:44:00
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