Hong Kong bourse advanced impressively after China announced a series of financial policy measures. Following the HSI opened 326 pts higher, the gain widened. The index closed 753 pts or 4.1% higher at 19,000. The HSCEI soared 325 pts or 5.1% to close at 6,714. The HSTECH leaped 217 pts or 5.9% to 3,915. The total market turnover for the day spiked to $242.399 billion, being the highest since May 31, 2022.
The People's Bank of China (PBOC) will lower the interest rate on outstanding mortgage and unify the minimum down payment ratio for mortgages. Chinese property developers R&F PROPERTIES (02777.HK) and CIFI HOLD GP (00884.HK) skyrocketed 16% and 14%. SUNAC (01918.HK) shot up 13.6%. KWG GROUP (01813.HK) rallied 10.9%. AGILE GROUP (03383.HK) and SINO-OCEAN GP (03377.HK) swelled 8.1% and 7.6%. CHINA OVERSEAS (00688.HK), CHINA RES LAND (01109.HK) and LONGFOR GROUP (00960.HK) jumped up more than 5%. The PBOC said it will reduce the reserve requirement ratio (RRR) by 0.5 ppts in the near future. CM BANK (03968.HK), a Chinese bank, mushroomed 10.8%. BANKCOMM (03328.HK) and ICBC (01398.HK) rose sharply by 6.4% and 5.9%.
The PBOC’s creation of swap facility for securities/ funds/ insurance companies boded well for the stock market. Brokers CITIC SEC (06030.HK), CICC (03908.HK), CSC (06066.HK), CGS (06881.HK) and HTSC (06886.HK) ballooned 9.3%-11.2%. Chinese insurers PING AN (02318.HK) and CHINA LIFE (02628.HK) elevated 7.2% and 6.9%. ZA ONLINE (06060.HK) advanced 6.4%. CPIC (02601.HK) escalated 12.5%.
BABA-W (09988.HK)’s cloud computing unit and Nvidia (NVDA.US) nailed cooperation in artificial intelligence, so that Chinese automakers can promote the self-driving experience. The stock price of BABA-W leapfrogged 6.1%. For autos, LI AUTO-W (02015.HK) and NIO-SW (09866.HK) spiked 10.1% and 11.1%. LEAPMOTOR (09863.HK) and XPENG-W (09868.HK) skyrocketed more than 6%. BYD COMPANY (01211.HK) mounted 3.5%.
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AAStocks Financial News
Web Site: www.aastocks.com
SG Top Picks |
Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
HSBC (C) |
25081 |
80.5 (-) |
0.032 |
21.3 X |
HSBC (C) |
26445 |
77.05 (-) |
0.124 |
13.2 X |
HSBC (P) |
26103 |
59.54 (-) |
0.032 |
17.4 X |
HSBC (P) |
26998 |
49.95 (-) |
0.044 |
10.1 X |
HSBC (Bull) |
68791 |
64.7 (65.5) |
0.044 |
16.0 X |
HSBC (Bull) |
67860 |
61.7 (62.5) |
0.066 |
10.7 X |
HSBC (Bear) |
58202 |
76.8 (76) |
0.066 |
10.7 X |
BYDEI (C) |
22589 |
45.5 (-) |
0.045 |
4.3 X |
CRBH (C) |
27434 |
30.05 (-) |
0.510 |
4.1 X |
HKEX (C) |
21690 |
350.2 (-) |
0.162 |
6.6 X |
HKEX (C) |
22598 |
333.08 (-) |
0.183 |
6.8 X |
HKEX (Bull) |
50941 |
246 (248) |
0.120 |
5.1 X |
HKEX (Bull) |
50940 |
236 (238) |
0.138 |
4.4 X |
HKEX (Bear) |
58519 |
332 (330) |
0.053 |
11.5 X |
TENCT (C) |
25123 |
472.42 (-) |
0.161 |
9.7 X |
TENCT (C) |
26408 |
437.19 (-) |
0.305 |
7.9 X |
TENCT (P) |
27094 |
345.25 (-) |
0.029 |
11.3 X |
TENCT (P) |
27141 |
319.8 (-) |
0.061 |
6.8 X |
TENCT (P) |
27588 |
299.8 (-) |
0.085 |
4.9 X |
TENCT (Bull) |
50942 |
385.2 (388) |
0.112 |
7.8 X |
TENCT (Bull) |
50412 |
374.2 (377) |
0.134 |
6.5 X |
TENCT (Bear) |
58483 |
472.8 (470) |
0.061 |
14.3 X |
TENCT (Bear) |
58481 |
462.8 (460) |
0.045 |
19.4 X |
KUASO (C) |
25810 |
62.04 (-) |
0.097 |
4.2 X |
KUASO (C) |
22772 |
60.05 (-) |
0.104 |
4.1 X |
KUASO (P) |
24651 |
45.8 (-) |
0.118 |
2.6 X |
KUASO (Bull) |
50413 |
36.5 (39) |
0.148 |
3.4 X |
KUASO (Bear) |
59093 |
67 (64) |
0.149 |
3.4 X |
KUASO (Bear) |
62435 |
58 (55) |
0.071 |
7.1 X |
CRL (C) |
26714 |
29 (-) |
0.385 |
3.8 X |
BYD (C) |
25031 |
275.2 (-) |
0.290 |
5.4 X |
BYD (C) |
24458 |
249.08 (-) |
0.350 |
5.9 X |
BYD (Bull) |
50174 |
226 (230) |
0.104 |
5.3 X |
BYD (Bull) |
68790 |
221 (225) |
0.115 |
4.8 X |
AIA (C) |
21679 |
73.1 (-) |
0.133 |
5.0 X |
AIA (C) |
26507 |
65.05 (-) |
0.620 |
7.1 X |
AIA (P) |
22116 |
65.95 (-) |
0.108 |
4.8 X |
AIA (Bull) |
50414 |
53.4 (54) |
0.149 |
4.5 X |
AIA (Bear) |
50510 |
70.6 (70) |
0.029 |
23.4 X |
ICBC (C) |
25624 |
5.66 (-) |
0.128 |
9.0 X |
ICBC (Bull) |
50177 |
4 (4.1) |
0.058 |
8.1 X |
ICBC (Bull) |
58041 |
3.7 (3.8) |
0.078 |
6.0 X |
XIAOMI (C) |
25322 |
23.65 (-) |
0.126 |
7.2 X |
XIAOMI (C) |
21354 |
19.82 (-) |
0.295 |
5.5 X |
XIAOMI (P) |
25032 |
17.1 (-) |
0.020 |
9.6 X |
XIAOMI (P) |
25173 |
15.13 (-) |
0.032 |
5.9 X |
XIAOMI (Bull) |
50945 |
19.68 (20.08) |
0.051 |
8.6 X |
XIAOMI (Bull) |
50511 |
18.68 (19.08) |
0.070 |
6.2 X |
XIAOMI (Bear) |
50686 |
25.4 (25) |
0.059 |
7.4 X |
XIAOMI (Bear) |
58522 |
23.4 (23) |
0.026 |
16.8 X |
CTGDF (C) |
22027 |
84 (-) |
0.033 |
4.6 X |
LI (C) |
25374 |
116.5 (-) |
0.080 |
4.9 X |
LI (C) |
27190 |
98.93 (-) |
0.265 |
2.4 X |
LI (P) |
23536 |
107.9 (-) |
0.181 |
2.9 X |
LI (Bull) |
50415 |
72 (76) |
0.285 |
3.5 X |
PINAN (Bull) |
50946 |
35.9 (36.5) |
0.123 |
4.0 X |
PINAN (Bull) |
50419 |
33.4 (34) |
0.147 |
3.3 X |
MNIU (C) |
24204 |
22 (-) |
0.093 |
6.4 X |
LININ (C) |
26377 |
23.36 (-) |
0.243 |
3.4 X |
SUNY (C) |
23221 |
70.93 (-) |
0.104 |
4.0 X |
SUNY (P) |
25858 |
41.95 (-) |
0.072 |
3.1 X |
CLIFE (P) |
25381 |
9.67 (-) |
0.018 |
7.6 X |
MTUAN (C) |
26223 |
150.1 (-) |
0.385 |
3.0 X |
MTUAN (P) |
27495 |
109.9 (-) |
0.065 |
3.2 X |
MTUAN (P) |
23632 |
83 (-) |
0.020 |
3.8 X |
MTUAN (Bull) |
50947 |
130.5 (133) |
0.073 |
4.5 X |
MTUAN (Bull) |
50410 |
122.5 (125) |
0.091 |
3.6 X |
MTUAN (Bear) |
68804 |
198 (195) |
0.066 |
5.0 X |
CICC (C) |
22032 |
12.8 (-) |
0.093 |
6.4 X |
CMB (C) |
27312 |
40.04 (-) |
0.370 |
5.2 X |
CMB (Bull) |
50949 |
29.6 (30) |
0.072 |
5.3 X |
JDCOM (C) |
25375 |
175 (-) |
0.175 |
4.0 X |
JDCOM (Bull) |
50420 |
102.2 (105) |
0.495 |
3.1 X |
JDCOM (Bear) |
59089 |
164.8 (162) |
0.025 |
12.1 X |
Bilibili (C) |
25476 |
180.1 (-) |
0.255 |
3.5 X |
XPENG (Bear) |
66607 |
51.5 (50) |
0.051 |
9.1 X |
BAIDU (C) |
22799 |
118.2 (-) |
0.036 |
7.9 X |
BAIDU (C) |
25923 |
105.1 (-) |
0.186 |
3.2 X |
BAIDU (P) |
26238 |
80 (-) |
0.104 |
3.9 X |
BAIDU (Bull) |
50179 |
76 (78) |
0.255 |
3.9 X |
BAIDU (Bear) |
60760 |
130 (128) |
0.300 |
3.3 X |
ALIBA (C) |
25889 |
100.1 (-) |
0.300 |
4.3 X |
ALIBA (C) |
25433 |
99 (-) |
0.270 |
4.7 X |
ALIBA (Bull) |
50950 |
86.5 (88) |
0.171 |
6.0 X |
ALIBA (Bull) |
50513 |
83.3 (84.8) |
0.203 |
5.0 X |
ALIBA (Bear) |
50954 |
109.5 (108) |
0.063 |
16.2 X |
NTES (C) |
24426 |
178.98 (-) |
0.036 |
8.8 X |
NTES (C) |
26974 |
155.1 (-) |
0.145 |
5.0 X |
NTES (Bull) |
50966 |
116 (118) |
0.063 |
4.6 X |
NTES (Bull) |
50691 |
106 (108) |
0.081 |
3.6 X |
NTES (Bear) |
54283 |
182 (180) |
0.069 |
4.2 X |
NTES (Bear) |
64620 |
162 (160) |
0.031 |
9.4 X |
Nvidia (C) |
10405 |
160 (-) |
0.170 |
4.2 X |
Nvidia (C) |
10319 |
150 (-) |
0.125 |
5.4 X |
Nvidia (C) |
10314 |
140 (-) |
0.131 |
5.9 X |
Nvidia (P) |
10299 |
120 (-) |
0.193 |
3.8 X |
Nvidia (P) |
10300 |
110 (-) |
0.208 |
2.8 X |
Nvidia (P) |
10315 |
100 (-) |
0.116 |
3.6 X |