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Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.
Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;
CHINAHONGQIAO (01378) announces a big profit surprise, hinting at a new record high for the annual performance, and the effects of the integrated layout are accelerating.
CHINAHONGQIAO's performance has significantly increased, which certainly cannot be separated from the combination of "favorable timing and advantageous geography". Meanwhile, the company's long-standing vertical integration layout has also played a crucial role in realizing strong growth expectations.
Citigroup's outlook for the CAILIAOHANGYE in Q1 2025: focus on three major investment themes, with CHINAHONGQIAO (01378) as the top choice.
Citi has released the outlook report for China's CAILIAOHANGYE in the first quarter of 2025, suggesting to focus on three major investment themes.
Bank of America: The outlook for Aluminum and Alumina Business is positive, with a considerable dividend yield. Maintains CHINAHONGQIAO (01378) "Buy" rating.
The Bank of America Global research team published a Research Report stating that they maintain a "Buy" rating for CHINAHONGQIAO, with a Target Price of 16.50 Hong Kong dollars.
Mingsheng Securities: Supply constraints will still be strong in 2025, and the demand for Copper and Aluminum is quite resilient.
Looking ahead to 2025, supply-side constraints remain strong, and demand is resilient. It is recommended to invest in the sector of Industrial Metals, specifically in symbols of Copper and Aluminum.
CHINA HONGQIAO(01378.HK):POSITIVE PROFIT ALERT 2024 NET PROFIT WILL POSSIBLY INCREASE BY 95% BETTER THAN WE HAD EXPECTED
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