For stock trading, please read Jin Qilin analyst research reports. They are authoritative, professional, timely and comprehensive, helping you to tap potential theme opportunities! Four Lianyang! Source: China Fund News China Fund News reporter Ivan On April 25, the trend of Hong Kong stocks was divided, with mixed gains and losses.
As of the close, the Hang Seng Index and the State-owned Enterprises Index maintained their upward trend, recording four consecutive gains.
The Hang Seng Technology Index closed down 0.54%, halting its three consecutive gains.
On the market, most technology stocks pulled back, dragging down the technology index. Meituan fell nearly 2%, Tencent and NetEase fell more than 1%; domestic real estate stocks performed strongly throughout the day, Agile Group rose more than 9%, China Overseas Land and Investment rose more than 6%, Longfor The group rose nearly 4%, China Resources Land rose nearly 3%, and Vanke rose nearly 2%. Great Wall Motor once rose more than 12%, leading the gains in automobile stocks.
In addition, coal stocks, non-ferrous metal stocks, military industry stocks, oil and gas stocks, etc. all rose, while semiconductor stocks, shipping stocks, and biopharmaceutical stocks all rose.
On the other hand, online education stocks fell significantly, with New Oriental falling more than 12% after the results; heavy machinery stocks continued to fall, with China National Heavy Duty Truck falling more than 2%.
Great Wall Motor once rose more than 12% after the performance. On April 25, Great Wall Motor once rose more than 12% during the session, closing up 5.35% at HK$11.82. The latest total market value was HK$209.9 billion. BYD and Geely Automobile rose more than 1%. ; However, Li Auto fell more than 3% and Xpeng Motors fell 2.28%.
On the news, Great Wall Motors announced its first quarter results for 2024 yesterday. Total operating income reached 42.86 billion yuan, a year-on-year increase of 47.6%; net profit attributable to shareholders of listed companies reached 3.228 billion yuan, a year-on-year increase of 1752.55%.
CICC issued a report stating that Changzhou Automobile\’s first-quarter performance was higher than expected.
Sales volume in the first quarter was solid, the improvement in product mix led to an increase in gross profit margin, and net profit exceeded market expectations.
Based on expectations of a narrowing of the valuation discount of Hong Kong stocks, the \”outperform\” rating is maintained and the target price of H shares is raised by 26% to HK$14.5.
Multiple policy benefits Mainland real estate stocks performed strongly throughout the day On April 25, mainland real estate stocks in Hong Kong stocks performed strongly.
As of the close, Xincheng Development rose by 9.8%, Agile Group rose by more than 9%, China Overseas Land and Investment rose by more than 6%, Longfor Group rose by nearly 4%, China Resources Land rose by nearly 3%, and Vanke rose by nearly 2%.
In terms of news, many cities are promoting the \”replacement of old housing with new\” housing, and analysts say that demand-side policies are expected to support the initial stabilization of the property market.
A few days ago, Shenzhen launched the \”replacement of old housing with new\” housing. Currently, 21 agencies and 13 real estate projects have participated in the \”replacement of new homes with new ones\”.
According to statistics from the China Index Research Institute, more than 30 cities have expressed support for \”replacement of old with new\”.
In addition, more than 10 cities including Xuzhou, Zibo, and Nanjing have implemented this policy.
Soochow Securities stated that policies for real estate companies and residents are being steadily advanced, and it looks forward to the gradual opening of real estate policies in more core cities in April and May to boost market demand and confidence.
In addition, as of the end of March, commercial banks have completed review of all the first batch of \”whitelist\” projects pushed by the coordination mechanism, of which more than 2,100 projects have been approved, with a total amount of more than 520 billion yuan.
China Post Securities analyzed that part of the reason why new home sales continue to be weak is that residents are worried that new homes cannot be delivered on time. Driven by the coordination mechanism, the funds for \”white list\” projects have been gradually in place, which will help restore residents\’ confidence in home buying.
