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This week's Hong Kong stock bull | Biotechnology stocks performed brilliantly, with Jingtai Holdings soaring over 40% this week; seizing the opportunity of AI large model, ZTE has cumulatively risen over 14%.
Biotechnology stocks continued to show strong performance this week! Crystal Tech Holdings saw an overall increase of over 40% during the week, and Tongyuankang Medicine rose by over 23%. Taking advantage of the AI large model opportunity, it is reported that a partnership with ByteDance was formed, leading to a rise of over 14% for ZTE. SUPER HI gained over 13% this week, having surged nearly 77% since its performance report.
Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
China Merchants: The export manufacturing prosperity continues, expecting a recovery of quality mid-to-high-end brands in 2025.
The outdoor sector continues to thrive, and in 2024, outdoor and sports performance is expected to outperform traditional apparel. Looking ahead to 2025, with continuous incremental policies, consumer activity is expected to warm up, and there are hopes for the recovery of high-quality mid-to-high-end brands.
Macquarie from "The Big Line" reported that mainland Sports brands prefer Anta (02020.HK) and the first choice for OEM is Yue Yuen (00551.HK).
Macquarie stated that among the nine sporting goods manufacturers covered by its research, Footwear and Outfits manufacturing revenue increased by 15% and 10% year-on-year last month. The firm prefers Anta (02020.HK) among local sporting brands in China, and among manufacturers, it prefers the fairly valued Yue Yuen (00551.HK), followed by Shenzhou (02313.HK) and the **** stock, Ruentex. The firm also pointed out that Yue Yuen's manufacturing sales grew by 17% year on year last month, slowing from October's 21.3%, but continues to reflect solid customer Order momentum. The firm believes that Adidas and Other running shoe brands continue to contribute strong Order growth, just as
haitong int'l: Operating stable or performing well in selected sports brands, paying attention to strong Alpha on the manufacturing side.
Since July, the retail year-on-year growth rate of the sports brand has shown a monthly improvement trend; on the manufacturing side, overseas exports in Q3 of 24 accelerated overall compared to Q2.
"Daiwa": Mainland retail sales far outperform the third quarter in October, expecting the stimulus policy effects to not yet be evident.
Daiwa's research report indicates that the trend of multiple consumer sub-industries in the mainland reflects more intense price competition. Although retail sales in the mainland in October were significantly stronger than in the third quarter of this year, the government's stimulus measures have not yet translated into stronger consumer confidence, with no substantial impact. However, the worst time seems to have passed. The bank points out a preference for exporters, essential goods, and domestic brands with the strongest pricing power such as Proya Cosmetics (603605.SH) and Anta Sports (02020.HK). The bank believes that consumer sentiment has begun to gradually recover, but it may take one to two quarters to see significant changes. The bank maintains its previous "