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This week's Hong Kong stock bull | The "first domestic makeup stock" in Hong Kong! Mao Ge Ping soared over 86% in its first week of listing; Consumer encouragement policies are expected to continue to strengthen, and Lao Pu Gold has increased by over 20%.
This week, the Hang Seng Index increased by 0.53%, closing at 19,971.24 points; during the same period, the Hang Seng TECH Index rose by 0.33%, closing at 4,479.6 points; the Hang Seng China Enterprises Index increased by 0.7%, closing at 7,186.59 points.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong stocks movement | GUANGDONG INV (00270) rose over 4% before noon, accumulating a 22% rise this week. The company is divesting from its real estate Business to focus on Water Affairs.
GUANGDONG INV (00270) rose over 4% in the morning, with a cumulative increase of 22% this week. As of the time of writing, it rose by 3.85%, priced at 6.2 Hong Kong dollars, with a trading volume of 0.248 billion Hong Kong dollars.
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
Morgan Stanley maintains a "Shareholding" rating on GUANGDONG INV (00270), with the Target Price raised to HKD 6.79.
Morgan Stanley maintains earnings per share of HKD 0.55 and HKD 0.61 for Guangdong Investment for this year and next year, with the earnings per share forecast for 2026 raised to HKD 0.65.
SWHY: Maintain the "Buy" rating on GUANGDONG INV, focusing on Water Affairs to highlight dividend value.
SWHY released a research report stating that it maintains a 'Buy' rating for GUANGDONG INV (00270). Given that this divestment plan still requires approval from a special shareholders' meeting (scheduled for January 8, 2025), the company maintains its profit forecast for 2024-2026 at 4.003/4.101/4.12 billion HKD. The bank believes that the company's Water Affairs core business is developing steadily, with high-quality core Dongjiang water assets. Along with the divestment of real estate business, the company's performance and valuation are expected to improve significantly. In addition, on December 9, the company announced a proposal to declare a special dividend by distributing shares of GD LAND. The main points from SWHY are as follows.
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