2022-04-24 0 By

Hong Kong stocks ushered in the year of the Tiger opening, a comprehensive surge in momentum.On February 4th, Hong Kong stocks ushered in the first trading day of the Year of the Tiger. The Hang Seng index opened sharply higher by 2.22%, and then fell back in shock. However, it soon rose again and appeared a trend of forcing the market to rise.Hong Kong stocks showed a strong performance on the first day of the Year of the Tiger, showing an overall surge trend, with a number of weighted stocks rising as a whole, including Alibaba up 5.65%, China Merchants Bank up 3.24%, Meituan up 3.28%, Ping An Up 4.6%, BYD up 7.05%, Baidu up 5.98%. Internet stocks rose as a whole.Hang Seng Technology index rose 3.05% in the sector, auto, consumer discretionary stocks, financials led gains.Ideal Motor is up more than 12 per cent, Xiaopeng is up more than 11 per cent and BYD shares are up more than 7 per cent.Tronix and Haidilao led the blue chips, up more than 8%.Hong Kong stocks closed for the holiday after half a day of trading on Jan. 31, when the Hang Seng index rose as much as 1.8% before wobbling back to end the day up 1.07%.Market data showed that Hong Kong stocks took the lead in opening the year of the Tiger on The 4th, ignoring the decline of the US stock market on Thursday, there was a comprehensive surge in the trend, the Hang Seng index opened 2.48% high, then the rise expanded, has maintained a rise of about 3%.Up to the close of February 4, the main index of Hong Kong stocks rose.The Hang Seng index rose 771.03 points, or 3.24 percent, to 24,573.29.The INDEX of state-owned enterprises rose 234.42 points, or 2.81 percent, to 8,584.37.The red chip index closed up 98.86 points, or 2.4 percent, at 4,219.93.Most industry groups rose.Wind Hong Kong stock industry index, automotive, durable consumer goods, retail, insurance, consumption and other plates rose in the top.More subdivided Wind Hong Kong stock concept index, charging pile, fuel cell, sporting goods, lithium batteries, Internet medical and other subdivided concepts eye-catching performance.Specifically, automotive, technology, food and beverage plate led the rise.The Hang Seng Technology index extended its gains to 3.05% for the day, with WANGUO data up 8%, JD Health and Baidu up nearly 6%, Ali up 5.61% and Bilibili up nearly 5%.The auto sector rose 3.16 per cent, with Ideal Motor up more than 12 per cent.Property management stocks rose, yuexiu services up 12.53%, Kaisa Mei up 9.6%, riverside services up more than 8%.Food and beverage stocks rose, haidilao up more than 8%, as much as 8.8% intraday, the biggest intraday gain since November 8 last year;Xiabu Xiabu was up more than 7%, up nearly 7%, and 99.99 up nearly 6%.The coal plate rose, Yankuang Energy, China Coal energy rose more than 5%, China Shenhua rose more than 4%.The film and entertainment sector continued to fall in the afternoon, with Alibaba Pictures down 6.82%, Straw Bear Entertainment down 6.42% and Cat’s Eye Entertainment down more than 4.9%.Huasheng Securities, the Hang Seng index in the morning near a high of 24447, up 645 points to close.In the afternoon, the rally extended to a maximum of 807 points to a high of 24,609 and continued to trade near the high.Hong Kong stocks closed high before the holiday, and then with the United States stocks rose for many days, and created today’s red open high after high.Investors see it as a good start and expect it to continue this year.Elsewhere, asia-pacific markets closed mostly higher, with South Korea’s Kospi gaining 1.57% to 2,750.26;The Nikkei 225 index rose 0.73% to 27,439.99;Australia’s S&P 200 gained 0.59% to 7120.10.New Zealand’s NZX50 index fell 0.45% to 12, 279.56.Auto stocks were strong throughout the day on February 4, auto stocks were strong throughout the day.By the close, Ideal Motor was up more than 12 per cent, xiaopeng more than 10 per cent.Byd shares rose more than 7 per cent.In terms of data, NIO automobile, Ideal Automobile and Xiaopeng Automobile have announced the delivery information of January successively. Data shows that in January this year, Xiaopeng Automobile delivered 12,900 new cars, with a year-on-year growth of 115%, ranking the top of new car forces.It is reported that up to now, Xiaopeng automobile has been delivered for five consecutive months broken ten thousand.Among them, in December 2021, the monthly delivery volume of Xiaopeng Automobile exceeded 16,000 units, with a year-on-year growth of 181%, creating the highest in history.By the end of January 2022, xiaopeng’s cumulative historical delivery volume has exceeded 150,000 units.On the same day, Ideal also announced the latest delivery data.In January 2022, a total of 12,300 Ideal ONE units were delivered, up 128.1% year on year, data showed.Since its delivery, the ideal ONE has delivered 136,400 units in total.In addition to Xiaopeng and Ideal, Nezha’s car deliveries in January also exceeded 10,000 units, up 402 percent year on year, reaching 110 thousand units.It is reported that up to now, Nezha cars have been three consecutive months of monthly delivery volume over 10,000.Nextev also announced delivery data on Thursday.Data show that in January 2021, NiO delivered 9,652 new cars, up 33.6% year on year.By the end of January 2022, A total of 176,700 NiO vehicles had been delivered.February 3, BYD shares in the Hong Kong Stock Exchange announcement, January new energy vehicle sales of 93,168 units, 20178 units in the same period last year, a year-on-year growth of 361.73%.Byd shares rose more than 7% today.In terms of individual stock performance, some of the brightest stars were big tech stocks.On February 4th, hang Seng Technology Index rose to 3.05% by the end of the market, with all the constituent stocks floating red. Wanguo Data still led the rise by more than 8%, Mingyuan Cloud and Micro Alliance Group rose by more than 7% and 6% respectively.”ATMX”, Baidu group up 5.98% led the rise, jingdong health up 5.93%.Alibaba also rose more than 5.5% and Bilibili nearly 4.9%.What goes up must go down, Corning Hospital fell 26.79% to hk $11.66 by the close of trading, after falling 30% at one point to a new low since its listing.On the news, Corning Hospital disclosed on January 30 that PWC Zhongtian Accounting firm (special general partnership) resigned as the company’s auditor.In the resignation letter, PWC said that corning hospital planned to IPO in A shares, according to the REQUIREMENTS of the CSRC, it checked the fund flow of the personal bank account of the company, the actual controller of the company, key management personnel and key financial personnel.In the above verification process, pricewaterhousecoopers noticed a number of large capital flow matters.PWC stated that Corning had provided it with an explanation and some information, but it continued to have doubts about the reasonableness of the cash flow and requested further explanation and information.It is understood that Corning Hospital’s first A-share IPO was rejected by China Securities Regulatory Commission in 2018;In September 2020, the company began to accept the guidance of Guotai Junan, once again to A share sprint.According to the website of Corning Hospital, the company’s main business is to provide a full range of specialized medical services for patients with mental and psychological disorders.Founded in 1997, it is currently the only non-public grade A psychiatric hospital in China.On November 20, 2015, Corning Hospital was listed on the main board of Hong Kong Stock Exchange, becoming the first psychiatric hospital company listed in China.In addition, Corning Hospital recently disclosed that Chen Jian resigned as the independent supervisor of the company due to personal affairs and other work arrangements, effective From January 17, 2022.Hong Kong Exchanges and Clearing (HKEX) held a Chinese New Year opening ceremony on February 4.The first trading day of the Chinese New Year of the Tiger was marked by the sound of a gong by HKEX Chairman Laura Cha and HKEX Chief Executive John Au.”Hkex will continue to play a leading role in improving market structure, promoting green finance and connectivity to bring more opportunities to the industry and investors,” She said at the opening ceremony.Eurovision said hKEx is firmly focused on continuing to promote two-way capital flows between China and the world.How have Hong Kong stocks fared this year?For 2022 Hong Kong stock market trends and investment opportunities, a number of fund managers have also made prospects recently.They generally believe that the current valuation level of Hong Kong stocks has more fully reflected the pessimistic expectations, corporate earnings are also expected to improve, is expected to become a medium – and long-term better positioning point.Looking afternoon, guangfa fund Li Yaozhu said, “from a strategic perspective, the stock market is an important bridge of Chinese enterprise internationalization, we believe that the internationalization of Chinese enterprises will be the trend of the future for a period of time is very important, so we have confidence in Hong Kong market still, on the one hand, because of good listed companies ushered in the attractive valuations, on the other hand,Companies expect significant earnings improvement in 2022.From a medium to long term perspective, we believe this is a very good time to intervene after the decline of the past year and we remain confident in the quality growth stocks in Hong Kong.”Yinhua fund Li Xiaoxing also said that Hong Kong stocks this year to provide a reasonable earnings expectations are confident.He believes that due to different capital attributes and trading environment, the discount of Hong Kong stock market relative to a-share market will exist for A long time, and it is unrealistic to expect A/H price difference to be quickly erased in A short time.Apart from the price difference that has always existed, only look at the current valuation level of Hong Kong stocks, relative to the historical level of Hong Kong stocks themselves also fell to a low point, now should not be the time to take a magnifying glass to find shortcomings.Mr Yau said the fund would focus on large-cap value stocks and some Internet stocks in Hong Kong.There are three reasons for optimism.First, the value stocks of Hong Kong stocks are mostly leading companies or state-owned enterprises, which have very high asset quality and are best able to withstand fundamental pressures, so there is less risk.For example, leading companies in telecommunications, real estate, banking, insurance, energy and coal are all the best and most powerful forces in China’s economy.The Internet business of Hong Kong stocks is deeply embedded in China’s economy, with a clear pattern but still solid core business barriers.Second, the price is low or the price is completely cleared.The value shares of Hong Kong shares are very cheap, but the value shares of Hong Kong shares are cheaper, and the corresponding dividend yield remains very high.Hong Kong stock Internet stocks under various pressures gathered, valuation fell to the undervalued level;Third, the risk release on the transaction is relatively sufficient, the transaction is not crowded.With the gradual easing of fundamentals, regulatory levels and liquidity pressure, Hong Kong stocks deserve attention.Xu Da, the fund manager of the contemporary mixed services of Morgan Stanley, said that Hong Kong stocks experienced several rounds of bearish blows this year, and the overall position is relatively low. Looking forward to next year, even if there is a marginal negative impact on the market is relatively limited.The focus will be on Internet giants that suffered severe setbacks this year, chain businesses such as branded restaurants that benefit from the gradual withdrawal of the epidemic and the recovery of consumer demand, as well as the relatively scarce a-share targets such as medical services.In addition, due to the flexible listing standards, the Hong Kong stock market has attracted many ipos of growth enterprises with small profit volume. Meanwhile, the Hong Kong stock market has high participation of overseas funds, making it easier for enterprises with cross-border m&a needs to be listed in Hong Kong to conduct financing m&a.The above unique advantages make the Hong Kong stock market to accommodate more abundant investment targets.Follow jingmen Evening News??Source: China Fund News editor/Zhang Yi editor/Huihui wechat advertising cooperation: 0724-2378897