(Original title: Hong Kong stock technology index rebounded strongly, Meituan rose more than 14%)
Financial Associated Press (Shanghai, edited by Hu Jiarong),On Monday, the Hong Kong stock market opened lower in early trading, and the major indexes collectively bottomed out. As of early trading, the technology index rose 3.05% or 133.36 points to 4512.69 points; the Hang Seng Index rose 1.3% to 21683.35 points; the state-owned enterprise index rose 1.76% , reported 7411.83 points.
Note: Hang Seng Technology Index
In terms of sectors, coal, oil and gas sectors led the gains. It is worth noting that the Internet rebounded sharply today, and Meituan rose by more than 14% in early trading.
China Shenhua’s dividend exceeds 50 billion, leading the coal sector
In the coal sector, Mongolia Coking Coal (00975.HK) and China Shenhua (01088.HK) led gains, rising 8.43% and 7.62%, respectively. In terms of news, China Shenhua continued to strengthen in early trading. The company released its 2021 annual financial report at the weekend, in which the company’s operating income and non-net profit were 335.216 billion yuan and 50.269 billion yuan, an increase of 43.7% and 28.3% respectively.
What is more noteworthy is that China Shenhua plans to distribute cash dividends of 2.54 yuan per share, with a total distribution of 50.466 billion yuan, accounting for 100.4% of the net profit attributable to the parent in 2021. This is the second time following the high dividends of 58% and 92% in 2019/2020. Big dividends.
Zhongtai Securities recently pointed out that the current coal price fluctuates at a high level. The epidemic has affected the limited transportation capacity and the long-term cooperation between mines and mines. The coal market is still in short supply, and the international medium and high-calorie coal prices are still high, resulting in continued restrictions on imports. The performance is more dazzling, the price of Q2 long-term association is difficult to retreat, and the Q2 performance is expected to continue to be high.
Sinopec’s net profit attributable to its parent more than doubled year-on-year
In the oil sector, Sinopec (00386.HK) and China National Offshore Oil (00883.HK) were the top gainers, up 5.12% and 4.87% respectively.
In terms of news, Saudi Arabia’s oil facilities were attacked, and Brent crude oil rose 11.9% last week. At the same time, the IEA issued a report saying that the blockade of Russian crude oil exports may increase supply-side risks. Russia is the world‘s largest exporter of oil and petroleum products. The world supplies 8 million barrels per day of crude oil and refined oil, and the IEA expects that starting in April, as sanctions are implemented and buyers shunned, Russian crude oil supply may decrease by 3 million barrels per day, or cause a global oil supply shock.
In addition, Sinopec announced its performance, achieving an operating income of 2,740.884 billion yuan, a year-on-year increase of 30.2%; net profit attributable to the parent company of 71.208 billion yuan, a year-on-year increase of 114%, the best performance in the same period in the past 10 years.
Meituan rose more than 10%, the Internet sector bottomed out
In the internet sector, Meituan (03690.HK) and Alibaba (09988.HK) rose 14.37% and 3.63%, respectively. Meituan released its 2021 annual results. The group achieved revenue of RMB 179.128 billion (the same unit below), a year-on-year increase of 56%; gross profit was 42.474 billion yuan, a year-on-year increase of 24.74%.
The Shanghai and Shenzhen Stock Exchanges issued the interim measures for the listing and trading of depositary receipts interconnected with overseas stock exchanges. At the same time, it was reported that the China Securities Regulatory Commission issued no objection responses to Zhenkunxing and other companies planning to go public in the United States. For the Chinese concept stocks at the cusp of the storm, the above information shows that the overseas listing channels are unimpeded, and the Chinese and American regulatory agencies are working hard to find solutions to cross-border audit problems.
The rise of the Internet sector led to a rebound in the technology index. Among them, Meituan, Kuaishou (01024.HK), Alibaba (09988.HK) and other constituent stocks contributed more than 90 points, accounting for 60% of the increase in the technology index (133.36 points). above.
Note: The performance of some technology index constituents
Tianfeng Securities pointed out today that the current Internet companies still have long-term investment value. The valuation of platform companies is at a low level and the downside risk is relatively small. They are core assets with higher risk-reward than the market. If the market is more concerned about the policy aspect, the predictability is enhanced, the economy grows steadily, the local epidemic is under control, and the base is adjusted. It is expected that the fundamentals of Internet companies are expected to accelerate recovery in 2022Q2-Q3.