HSI four consecutive ups

Hong Kong stocks made good with US stocks yesterday. After the market opened, it lifted 180 points. Afterwards, the gains were once increased to 315 points and the high point was 30,851 points. The Hang Seng Index soared 273 points (0.89%) for the day and closed at 30809 points, making good for the fourth consecutive trading day. HSCEI closed at 12233 points, up 48 points (0.4%). The turnover of the market was nearly 93.2 billion yuan, an increase of 11% over the previous day.

The market recorded a succession of four consecutive gains. The HSI accumulated an increase of 882 points (2.9%) and recovered 50 consecutive days (approximately 30646 points) and 100 days (approximately 30773 points) of two moving averages. Yesterday, the turnover was still below 100 billion yuan, and the rebound was slightly insufficient.

Tencent rose 2.9%

The author believes that the heavyweight HSBC (00005) distributed the first quarter results, the overall performance and even the share repurchase scale are lower than market expectations; another heavyweight Tencent Holdings (00700) will be released next Wednesday (16th), the market Not only the performance expectations, but also concerned about the pace of spin-off of its business listing, so that the market wait and see atmosphere.

According to forecasts of Daxing Goldman Sachs, Tencent’s revenue reached RMB 73.1 billion in the first quarter, up 48% year-on-year; non-GAAP net profit was RMB 20.3 billion, up 43%; Tencent’s WeBank and Tencent’s latest valuations Forecasts increase to US$60.5 billion and US$19.5 billion, respectively. The bank gave Tencent a target price of 535 yuan.

Tencent performed bravely yesterday, opened the market at 399 yuan, and then the more it rose, the afternoon increase widened, re-supply Naspers large share price of 405 yuan, to close at 406.2 yuan, up 2.9%, the second largest blue chip gains for the Hang Seng Index 81 points to support the market to make a good job.

After HSBC announced a new round of $2 billion share repurchase program, it recently entered into a non-discretionary agreement with Credit Suisse, allowing it to assist in repurchase from May 9 to October 31, Credit Suisse on May 9 On the London Stock Exchange, an average price of 7.1723 pounds per share was used to repurchase approximately 3.948 million ordinary shares for cancellation, involving 28.931 million pounds in funds.

Benefited from the formal implementation of the share repurchase program, Huihui’s share price rose by 1.3% to close at 77.1 yuan.

The United States withdrew from the Iranian nuclear agreement and imposed high-level economic sanctions. The risk of military conflict broke out in the Middle East, the uncertainty of global oil supply increased, and the decline in US crude oil inventories was larger than expected, making international oil prices hit a three-and-a-half year high.

Middle East turmoil “Three barrels of oil” continues strong

“Three barrels of oil” continued to be strong. CNOOC (00883) closed at 13.9 yuan, up 2.8% [Chart 1]; PetroChina (00857) closed at 6.05 yuan, up 1.7%; Sinopec (00386) closed at 8 yuan, and gained 1.5%.

The Mainland tightened its import coal policy. This week, thermal coal prices continued to rise and coal stocks performed well. China Shenhua (01088) closed at 20.45 yuan, soaring 3.5% [Figure 2], it was the largest gainer of blue chips; Yancoal (01171) rose 5% to end at 10.92 yuan; China Coal Energy (01898) advanced 1.5% to end at 3.49 yuan. Yitai Coal (03948) closed at 9.3 yuan, but also about 1% increase.

Li Ka-shing, the chairman of Changhe Department, will be retired after the shareholders meeting and will be transferred to the group’s senior adviser. The eldest son Li Zeju will take over. In terms of individual development of Changhe, Changhe (00001) and Changshi (01113) both declined slightly by 0.2%, closing at 91.65 yuan and 67 yuan respectively; Changjiang Infrastructure (01038) closed at 62.6 yuan, up 0.5%; electricity (00006) was slightly It closed 0.6% lower and made 58.85 yuan.

Semiconductor stocks made good, SMIC (00981) in the first quarter net profit fell 58% year-on-year, but the group forecast the second quarter gross margin higher than market expectations, pushing up stock prices rose 5.9% to close at 10.78 yuan. Hua Hong Semiconductor (01347) significantly rose 8.3% to close at 19.48 yuan.

After Legend Holdings (03396), AviChina (02357) was officially approved by the China Securities Regulatory Commission to participate in the pilot H-share circulation project. UBS Bank of Great Wall recommended to buy and target price of 6.5 yuan. The stock price closed at 5.07 yuan, up 4.1. %.