Hong Kong stock A50, deep V !

Mondo Finance Updated on 2024-02-15

On February 15, the Asia-Pacific **majority**, Japan** continued to hit a 34-year high. Hong Kong stocks rose for two consecutive days, and the Hang Seng Index exceeded 16,000 points intraday; Taiwan** surged 3%.

Specifically, the Nikkei 225 Index** rose 121% at 3815794 points, the intraday high since 1990. Australia's S&P 200** rose 077% at 76057 points.

Taiwan's weighted index surged about 3% to 18,64457 points, up 3 at one point in the session5% to 18,725 points, a new intraday high on record. **In terms of TSMC, it rose nearly 10% intraday, hitting a record high.

Hong Kong stocks opened lower and higher today, with the Hang Seng Index rising nearly 1% intraday to break through 16,000 points. As of **, the Hang Seng Index rose 041% at 15944At 63 points, the Hang Seng Technology Index rose 079% at 32231 point. Education, consumption, chips, and technology stocks performed well, with Guangzheng Education rising more than 25% in intraday trading, and GDS, China Education Holdings, and Li Ning rising more than 5%.

In addition, the A50 index** also walked out of the "deep V" trend today, falling more than 1% intraday, and then ** rose, and turned red at the end of the session.

Hong Kong education stocks broke out

Chinese-funded education stocks rose sharply intraday, and as of **, Guangzheng Education rose 186%, Maple Leaf Education rose more than 9%, China Education Holdings and Jianqiao Education rose more than 6%, and New Oriental-S rose more than 3%.

In terms of policy, before the holiday, the Ministry of Education issued the Regulations on the Administration of Off-campus Training (Draft for Comments), which clearly states that to carry out off-campus training activities, the corresponding off-campus training license shall be obtained in accordance with the law, and the conditions for legal persons shall be met. Academic extracurricular training institutions for the compulsory education stage shall be registered as non-profit legal persons. At the same time, the draft proposes to encourage and support various off-campus venues (institutes) such as children's palaces, science and technology museums, and museums to carry out off-campus training, enrich the curriculum, expand the number of enrollments, and meet reasonable needs for off-campus training.

Hong Kong stocks and consumer stocks are active

Consumer stocks were active intraday, and as of **, Weilong Delicious rose 858%, Li Ning rose 558%, China Duty Free rose nearly 4%, Bosideng, Anta Sports and others all rose.

It is worth noting that Li Ning has continued to rise by about 34% since January 23.

Da Mo recently pointed out that Li Ning's share price has rebounded from its low in January, and it is believed that its fundamental factors have improved, but it will take time for the stock price to recover and will not rise in a straight line in the next few months. It is also estimated that the retail performance in the first quarter was weak, and the core operating profit in the first half of the year was still **, but it will rebound strongly in the second half of the year under the recovery of wholesale channels and the low base effect.

Guoxin ** said a few days ago that the search popularity of FILA and Adi increased significantly in January, mainly based on the launch of new product lines or new products in the Year of the Dragon. At the same time, in the sports community, domestic brands Li Ning and Anta also have a high degree of discussion around the stars and events, Li Ning's best-selling sales are the first among local brands, and the average discount of most brands' best-selling models has narrowed. It is recommended to grasp the allocation opportunity of low-valuation boom track brands.

China Duty Free rose more than 4% in intraday trading, *368% to 81HK$6, the stock rose about 5% yesterday.

On the news side, the number of tourists entering Hainan Island during the Spring Festival holiday in 2024 has increased significantly, driving the duty-free sales of offshore islands to be hot. According to the statistics of Haikou Customs, in the first four days of the holiday, the customs supervised a total of 12 duty-free shopping on the outlying islands1.7 billion yuan, the number of duty-free shoppers is 1560,000 person-times, with an average consumption of 7,802 yuan per capita.

Everbright** said that with the liberalization of entry and exit policies, international flights have shown a gradual recovery. According to Flight Steward data, the recovery rate of international flights has shown an overall upward trend since 2023, and the recovery rate in the 51st week of 2023 has reached 582%。China Duty Free has the duty-free operation rights of the two main domestic entry and exit channels, namely Beijing Capital International Airport and Shanghai Airport, and will benefit from the continuous recovery of port channels. In terms of duty-free in the city, the company has been operating duty-free shops in the city since 1990 and has rich experience in duty-free operation in the city, which is expected to develop rapidly after the further implementation of the duty-free policy in the city.

Hong Kong technology stocks rose

Technology stocks collectively rose, as of **, GDS rose more than 7%, Hua Hong Semiconductor rose more than 3%, Jingdong Group, Lenovo Group rose more than 2%.

CICC pointed out that the policy support is expected to provide some support to the market, and investors can adopt a "bargain" strategy. However, until more favorable policies are realized, the overall dumbbell allocation strategy in the current environment is still effective. Stable cash flow sectors (high dividend ratios, such as telecommunications, utilities and energy), high-end technology upgrading sectors (technology hardware, semiconductors) and mid-end advantageous industries going overseas (construction machinery, automobiles and parts, new energy and photovoltaics, some brand consumption, etc.) will be the three main lines of core attention.

Editor-in-charge: Wan Jianyi.

Proofreader: Yao Yuan.

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