Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
Hong Kong stock market midday review | The three major indices are all up, with the Hang Seng Index rising nearly 1%; golden industrial concept stocks and biotechnology stocks are strong, with Zijin Mining Group up nearly 5% and Akeso continuing to rise n
The three major stock indexes in the Hong Kong stock market continued the rebound momentum from yesterday in the morning session. The Hang Seng Index and the HSI Index rose 0.97% and 1.05%, respectively. At one point during the session, both indexes reached a high of 1.8%. The Hang Seng Tech Index increased by 0.74%, returning to 3500 points.
HK Stock Market | AAC Tech (02018) rose more than 3%, Goldman Sachs remains optimistic about it and expects it to penetrate more brand customers next year.
AAC Tech (02018) rose more than 3%, as of the time of writing, up 3.09% at HKD 30, with a turnover of HKD 48.3004 million.
"Big Line" HSBC Research's investment rating and target price (table) for technology stocks benefiting from the development of AI smart glasses.
HSBC Research has released a research report listing the latest investment ratings and target prices for technology stocks benefiting from the development of AI smart glasses as follows: Stock | Investment Rating | Target Price (HKD) sunny optical (02382.HK) | Buy | 58.9 yuan, Xiaomi Group - W (01810.HK) | Buy | 27.5 yuan, aac tech (02018.HK) | Buy | 41.7 yuan (ex. dividends)~
Goldman Sachs: Maintains a buy rating on aac tech, remains optimistic and expects continued recovery.
On September 12, Goldman Sachs issued a report stating that they are optimistic about AAC Tech and expect its continued recovery. Based on a 2025 PE ratio of 21.4, the target price is 42.1 Hong Kong dollars, maintaining a "buy" rating. The report states that AAC Tech currently provides hinges for the Honor foldable smart phone, and it is expected to penetrate more brand customers in 2025 with the launch of more new models. In terms of cooling solutions, AAC Tech has provided copper and stainless steel VC (vapor chamber) for Xiaomi Ultra 13 and OnePlus Ace2, and has penetrated overseas customers. Benefiting from mid- to high-end smart phone lenses.
Apple's first AI iPhone 16 series upgrades with high Signal-to-Noise Ratio (SNR) microphone, benefiting domestic supply chains like AAC Tech (02018.HK).
On September 10th, Apple released the first AI iPhone in history. In order to provide a better AI experience, the iPhone 16 series has made numerous upgrades in both hardware and software, with one of the key improvements being the microphone system. It uses four "studio-grade" high signal-to-noise ratio microphones, which support spatial audio capture during video recording. According to supply chain sources, the high signal-to-noise ratio microphone used in the iPhone 16 series has greatly improved performance compared to the previous generation iPhone 15 series. It can efficiently capture sound from all directions through scientific layout, while effectively reducing background noise interference. The microphone's signal-to-noise ratio.