Hong Kong stock market noon review | Hong Kong stocks continue to rise, the technology index rose nearly 2%! Network technology, auto stocks, and golden industrial concept stocks are all up, xpeng autos rose 8%
Network technology stocks rose together, Sensetime-W rose by 5.45%, Alibaba-W rose by 2.45%; digital health stocks rose, JD Health rose by 4.09%, Ali Health rose by 3.68%; golden industrial concept stocks strengthened, Zhaojin Mining rose by 3.26%, Chinagoldintl rose by 2.48%.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Hong Kong stock concept tracking | guangdong province strives to replace old electric bicycles with new ones, aiming for 0.4 million units, benefiting leading enterprises (concept stocks attached)
Guangdong: The one-time subsidy for replacing old electric bicycles with new ones is 500 yuan, striving to replace 400,000 new ones.
In August, domestic new energy heavy truck sales surged by 117% to 6,303 units, maintaining year-on-year growth for 19 consecutive months.
According to the latest data obtained by the First Commercial Vehicle Network, in August 2024, a total of 6,303 domestic new energy heavy-duty trucks were sold, a decrease of 5% compared to July, while the year-on-year growth continued, reaching an increase of 117%. The new energy heavy-duty truck market has maintained year-on-year growth for 19 consecutive months.
UOB Kay Hian Upgrades Yadea Group to Hold From Sell; Price Target Is HK$8.60
Express News | DAHUA JIXIAN: Upgraded the rating of YADEA HOLDINGS to hold.
CICC expects the Hang Seng Index to hover between 16800 and 18300 points in September.
Yan Zhaojun, an analyst at Zhongtai International, believes that the current valuation of Hong Kong stocks is still low, and policy expectations will help restore the valuation. It is forecasted that the Hang Seng Index pe will recover to 8.3 times, but it is still at a historically low level. Based on factors such as fundamentals, profitability, capital, and valuation, it is expected that the reasonable range for the Hang Seng Index in September is 16800 to 18300 points.
Yadea Holdings (01585.HK): The optimization of product mix drives a year-on-year increase in H1 gross margin.
Event: The company released its 2024 interim results. In the first half of 2024, the company achieved revenue of 14.414 billion yuan, a year-on-year decrease of 15.4%; the company achieved a net income attributable to the parent of 1.034 billion yuan, a year-on-year decrease of 12.95%.
Yadea Showcases Advanced Electric Two-Wheelers at IFA Berlin 2024, Leading the Way in Sustainable Mobility
Yadea (1585.HK): The short-term sales volume has declined significantly, but I am bullish on the company's long-term development.
The company released its performance for the first half of 2024: In the first half of 2024, the company achieved revenue of 14.414 billion yuan, a year-on-year decrease of 15.4%, and a net income attributable to the mother of 1.034 billion yuan, a year-on-year decrease of 12.9%. Short-term sales decline.
Many 'penny stocks' have turned into stocks that have increased tenfold! What is the reason?
Since 2020, the stock price of Yadea Holdings has increased more than 10 times. Securities Times stated that the implementation of the new national standard for electric two-wheelers in 2019 marked the official start of a replacement wave for electric two-wheelers, and the electric two-wheeler market has been reshuffled. Many small manufacturers are unable to continue, while Yadea Holdings, as the industry leader, has fully benefited from this 'dividend'.
Electric Scooter Market Analysis and Forecast Report 2024-2034, Featuring Key Player Analysis of Yadea Technology Group, Ola Electric Mobility, TVS Motor Company, Ather Energy and Niu International - ResearchAndMarkets.com
Hong Kong stock anomaly | Yadea Holdings (01585) rose more than 4%. Five departments have issued an implementation plan for trading in old electric bicycles for new ones.
Yadea Holdings (01585) rose more than 4%, as of press release, up 4.18%, to HKD 11.46, with a turnover of HKD 30.0619 million.
Yadea Enters Thai Market With Grand Opening of Three New Stores
Yadea Holdings (01585.HK): Sales volume under pressure in the first half of the year, structural optimization driving ASP increase.
Event: The company released its mid-year performance announcement for 2024, with main business income of 14.414 billion yuan in the first half of 2024, a year-on-year decrease of 15.4%. The net income attributable to the parent company was 1.034 billion yuan, a year-on-year decrease of 12.9%.
UBS Group lowered the target price of Yadea Group (01585.HK) to 16 yuan, attracting risk-return.
UBS Group's research report pointed out that the mainland's electric two-wheeler industry has been affected by strong local regulation and weak demand since the major fire accident in February this year. Yadea Holdings (01585.HK) has underperformed the market in the first half of the year due to dealers destocking, recording a decline in net profit and cash outflow from operation for the first time since 2018 to 2019. The bank remains optimistic about the future due to replacement demand, believing that the demand for electric two-wheelers in the mainland will accelerate from next year onwards. In addition, the bank believes that overseas expansion will be the company's next investment theme, but the short-term outlook is still uncertain. UBS has lowered its profit forecast for the company from 2024 to 2026.
The policy strengthens the industry's "Matthew effect", and Yadea Holdings (1585.HK) seizes growth opportunities through practical innovation.
2024 will be a big year for the two-wheeled electric vehicle industry. The Ministry of Industry and Information Technology has started the revision of the new national standard. Three departments have jointly issued the "Specifications and Conditions for the Electric Bicycle Industry" and the "Management Measures for the Announcement of the Electric Vehicle Industry", which allows regulated manufacturers to enter the whitelist. In addition, the mandatory national standards for "Electrical Safety Requirements for Electric Bicycles" and "Safety Technical Requirements for Electric Bicycle Chargers" are also being revised. On the demand side, consumers will have higher expectations for products and services, and the release of demand will be delayed. After a short observation period, they will choose brands with stronger competitiveness. On the supply side, policies will undoubtedly accelerate industry consolidation and restructuring.
Intraday quick view | The three major Hong Kong stock indexes opened low and moved lower, with the technology index falling more than 2%; Nongfu Spring plummeted more than 10%, while Anta performance surged nearly 7%.
Network technology stocks generally fell, with Baidu dropping more than 3%; auto stocks collectively declined, with Nio Inc dropping more than 4% and Li Auto dropping more than 5%; pharmaceutical stocks were active against the trend, with nt pharma surging nearly 17%.
Hong Kong stocks anomaly: Yadea Holdings continues to rise over 7%, achieving 3 consecutive increases after its performance announcement. Multiple institutions are optimistic.
Gelonghui August 27th | Yadea Holdings (1585.HK) once again rose by more than 7%, with a 3-day rally after the performance announcement, now trading at 10.86 Hong Kong dollars, with a total market value of 33.8 billion Hong Kong dollars. The company released its interim results on the 23rd (last Friday) afternoon, with revenue of 14.414 billion yuan (same below); gross profit of 2.594 billion yuan; and net profit attributable to shareholders of 1.034 billion yuan. Soochow Securities commented that the company's performance basically meets expectations, with an improvement in gross margin on a year-on-year and quarter-on-quarter basis, maintaining a "buy" rating; Guolian Securities indicated that the company's performance is experiencing short-term fluctuations, and the turning point in operation is imminent, maintaining a "buy" rating on the company; while Merrill Lynch has raised its rating on Yadea.
Yadea (01585.HK): The performance basically meets expectations, and the gross margin has improved compared to the previous quarter.
Investment Highlights Announcement: Yadea Holdings achieved revenue of 14.414 billion yuan in H1 2024, with a month-on-month and year-on-year change of -15.42%/-18.67%; achieved net income attributable to the parent company of 1.034 billion yuan, with a month-on-month and year-on-year change of
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