On May 20, the three major stock indices of Hong Kong rose, with the Hang Seng Index up 1.49%, the Technology Index up 1.15%, and the Hang Seng China Enterprises Index up 1.52%.
By the close, 1,253 stocks in Hong Kong rose, 771 fell, and 1,112 remained unchanged.
The performance of specific industries is shown in the following figure:
In terms of sectors, aviation companies saw a faster recovery in domestic supply and demand for domestic flights in August, with passenger traffic reaching the highest monthly level this year. Relaxing access may optimize the route structure. Looking ahead to the fourth quarter, the landing of vaccines during the year is a high-probability event. As domestic aviation demand continues to recover, aviation companies will continue to reduce losses. The favorable oil prices and exchange rates will provide advantages, and the aviation sector will also usher in both valuation and profit restoration. I recommend investors to actively allocate related stocks in the Hong Kong stock market, such as Meilan Airport (00357), Air China Limited and other related symbols.
Most Network Technology stocks rose, with XIAOMI-W up 4.68%, JD-SW up 2.38%, Alibaba-W up 2.10%, Bilibili-W down 1.96%, NTES-S up 1.50%, MEITUAN-W up 1.49%, TENCENT up 0.58%, and KUAISHOU-W up 0.40%.
Pharmaceutical stocks rose, with 3SBIO up 32.28%, CSPC PHARMA up 6.06%, HANSOH PHARMA up 5.74%, INNOVENT BIO up 4.24%, SIMCERE PHARMA up 3.92%, SINO BIOPHARM up 2.96%, CMS up 1.74%, and GRANDPHARMA up 0.48%.
Biotechnology stocks strengthened, with REMEGEN up 16.19%, Crystal International Holdings up 7.48%, WUXI APPTEC up 3.34%, BEIGENE up 2.17%, Zhiyuan Bio up 1.86%, ZAI LAB up 1.20%, and WUXI BIO up 1.68%.
Lithium battery stocks are performing strongly, with Contemporary Amperex Technology rising over 16%, BYD Company up 2.49%, Zhongchuangxin Hang rising 2.07%, HONBRIDGE increasing by 1.75%, and TIANNENG POWER up 0.16%.
Automobile stocks all increased, with Geely Automobile rising by 2.60%, BYD shares by 2.49%, Great Wall Motor by 1.98%, and Li Auto-W by 1.28%.
Shipping and port stocks strengthened, with OOIL rising by 3.63%, Qingdao Port International by 2.86%, SITC by 2.32%, COSCO Shipping Holdings by 1.95%, and DHT Holdings by 1.10%, while CHINA MER PORT rose by 0.71%.
In terms of individual stocks,
$CATL (03750.HK)$On the first day of listing, it rose over 16%, with PetroChina, Kuwait Investment Authority, Hillhouse Capital, and 23 other institutions as cornerstone investors, subscribing to 57.1% of the issued shares, with PetroChina and Kuwait Investment Authority making the highest contributions, each amounting to 3.87 billion Hong Kong dollars.
$3SBIO (01530.HK)$Rising over 32%, an exclusive licensing agreement was signed with Pfizer for the self-developed PD-1/VEGF bi-specific antibody SSGJ-707.
$ALI PICTURES (01060.HK)$Increased by over 29%, with an adjusted EBITA profit of 0.809 billion yuan for the 2025 fiscal year, a year-on-year increase of 61%, achieving five consecutive years of profitability.
$LAOPU GOLD (06181.HK)$Increased by over 9%, with浦银国际 believing that the positioning of luxury brands may enhance valuation.
$MIXUE GROUP (02097.HK)$Increased by over 4%, reaching a historical high. The company was recently included in the Hang Seng Composite Index and is expected to be added to the Stock Connect list, with Daiwa expressing full confidence in its growth prospects, based on its unique economies of scale, leading position in the mass market, and potential for overseas expansion.
$BYD COMPANY (01211.HK)$Increased by over 2%, with the stock price hitting a new high since its listing, and the mid to long-term profitability expected to continue improving.
$CGN POWER (01816.HK)$Increased by over 3%, four new nuclear power units under the company have recently been approved, indicating broad installation growth potential.
Top 10 transaction amounts today.
Hong Kong Stock Connect funds.
Regarding the Hong Kong Stock Connect, today's net inflow in the Southbound channel is 6.332 billion Hong Kong dollars.
Morgan Stanley has released a list of "Chinese concept stocks with earnings that exceed expectations and are expected to have their profit forecasts adjusted upward."
Recently, Morgan Stanley published a report listing stocks that reported earnings exceeding market expectations from April to May, with Analysts predicting that profit forecasts for the next 12 months could be adjusted upward, provided that the market cap exceeds 5 billion dollars and the stock has a "Shareholding" rating from the bank. Below are the AH Stocks and Chinese concept stocks listed: $TENCENT (00700.HK)$ 、 $PETROCHINA (00857.HK)$ 、 $NetEase (NTES.US)$ 、 $POP MART (09992.HK)$ 、 $MINSHENG BANK (01988.HK)$ 、 $KE Holdings (BEKE.US)$ 、 $CMOC (03993.HK)$ And $CHALCO (02600.HK)$ 。
Citi: TENCENT's new AI browser is easy to promote, maintaining a "Buy" rating on TENCENT with a target price of 695 HKD.
Citi released a Research Report stating that $TENCENT (00700.HK)$ A new generation of AI browser QBot has been launched on QQ Browser, integrating the dual model capabilities of "Hunyuan + DeepSeek." This AI browser further aggregates reliable data sources from official accounts and other PGC platforms, integrating internal and external capabilities. It meets various usage scenarios through AI search, browsing, writing, learning, and office functionality. The institution maintains a "Buy" rating for Tencent, with a target price of HKD 695.
Editor/joryn