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Hong Kong stock market anomaly | ctihk (06055) rose more than 10% intraday, with the stock price nearly doubling since the beginning of the year. institutions are bullish on its performance and valuation improvement.
ctihk (06055) rose over 10% during intraday trading, reaching a high of 24.35 Hong Kong dollars, hitting a new high since August 2019, with the stock price nearly doubling year to date. As of the time of writing, it is up 8.43% at 23.8 Hong Kong dollars, with a turnover of 0.101 billion Hong Kong dollars.
This week's Hong Kong stock bull stocks | Technology boom suddenly swept the market! Semiconductor Manufacturing International Corporation surged nearly 20% during the week; a series of bullish policies have been introduced this year, with Zai Lab leading
This week, the Hang Seng Index fell by 2.11% to 20,804.11 points; during the same period, the Hang Seng Tech Index fell by 2.86% to 4,600.85 points; the Hang Seng China Enterprises Index fell by 1.95% to 7,471.95 points during the same period.
[Brokerage Focus] Minsheng Securities first initiated a 'recommended' rating on ctihk (06055), indicating that there is significant room for improvement in its performance and valuation.
Jingu Financial News | Minsheng Securities issued a research report indicating that ctihk (06055) performance belongs to a company with a bottom and room for imagination. From the bottom line performance, as the allocation of China Tobacco's overseas business (90% from related party transactions in 2023), ctihk's current revenue has reached the hundred billion level. In 2023, only China Tobacco import and export business total about 20 billion yuan in scale, plus the overseas assets of local China Tobacco, ctihk serves as China Tobacco's overseas asset integration platform, currently undergoing a transition from tobacco trader to tobacco leaf production & cigarette production. Focus on the injection of overseas tobacco planting and processing links and overseas cigarette production links.
ctihk (6055.HK) in-depth report: The future is here, carrying the grand narrative of the tobacco 'national team' going overseas.
Viewing the differences in the research paradigms of Chinese tobacco from the perspective of the dichotomy of domestic and foreign tobacco. On the one hand: tobacco taxation accounted for approximately +7% of domestic fiscal revenue in 2023. Against the backdrop of current economic pressure, domestic new tobacco policies are relatively conservative; in contrast, in Europe and America, accompanied by 2023 effects
Hong Kong stock market midday review | Surging momentum! The Hang Seng Index soared by over 4%, the Heng Seng Index rose by over 3%; network technology stocks, mainland real estate stocks, and major financial stocks all rose, jd.com surged by over 7%, and
Network technology stocks rose across the board, JD.com-SW rose by 7.34%, Netease-S rose by 4.60%; the performance of alcoholic beverage stocks was impressive, Zhenjiu Lidu rose by 7.33%, China Res Beer rose by 6.44%; securities and brokerage stocks rose, Holly Futures rose by 17.11%, China International Capital Corporation rose by 8.01%;
CICC: Mainland China's social retail sales in August were under pressure on a monthly basis, focusing on the implementation of policies to promote consumer spending.
CICC's report states that the National Bureau of Statistics announced a total retail sales of 3.87 trillion yuan (same below) in August, with a year-on-year increase of 2.1% and a monthly decrease of 0.6 percentage points in growth rate. From January to August, the total retail sales reached 31.2 trillion yuan, an increase of 3.4% year-on-year. In terms of structure, the service industry and online channels performed relatively well in August, and the resilience of essential consumer goods consumption was highlighted. It is recommended to pay attention to the subsequent consumption rebound trend driven by policies such as replacement of old with new to expand domestic demand and promote consumption. CICC is bullish on the performance of leading companies in the light industry and retail cosmetics sector this year, and focuses on recommending leading players in high-prosperity tracks, such as giants in the cosmetic and medical beauty tracks, such as Shengshi Biology.
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