【Guidance】Hong Kong stocks surge! Home appliance stocks rise strongly, with a two-hundred-billion giant soaring over 7%! Real estate stocks explode!
On September 19th, the Federal Reserve announced a rate cut, and the three major Hong Kong stock indices rose unilaterally throughout the day, eventually closing up collectively. By the close, the Hang Seng Index rose by 2%, reporting 18,013.16 points, returning to the 18,000 point threshold; the Hang Seng Technology Index increased by 3.25%, reporting 3,651.56 points, setting a two-month high; the Hang Seng China Enterprises Index increased by 2.1%, reporting 6,305.51 points.
On the market, large technology stocks rose collectively, with JD.com increasing by more than 7%, Bilibili rising by more than 5%, Alibaba rising by more than 3%, and Tencent Holdings rising by more than 2%; real estate stocks exploded, with Evergrande Real Estate rising by more than 12%, Agile Group rising by more than 9%, Vanke Enterprises, China Resources Land, and others rising; property management stocks rose, with China Overseas Property rising by more than 8%, Everything Cloud rising by nearly 8%, China Resources Mixc Lifestyle rising by more than 7%, and Greentown Management Holdings rising by more than 6%.
Internet medical stocks rose collectively, with JD Health rising by more than 5%, Ali Health rising by 5%, and Ping An Good Doctor rising by more than 2%; catering stocks performed excellently, with Jiu Mao Jiu rising by more than 10%, Haidilao rising by more than 7%, Nayuki's Tea rising by 5.6%, and Xiabu Xiabu rising by nearly 4%; non-ferrous metal stocks strengthened, with Luoyang Molybdenum, China Aluminum, and China Hongqiao rising by more than 6%, and Ganfeng Lithium rising by more than 5%.
On the other hand, the military industry stock sector fell, with CSIC Defense & Offshore Engineering falling by more than 6%; most biopharmaceutical stocks fell, with Kangfang Biotech retracting sharply by more than 11%; construction material stocks showed divergent trends, with Asia Cement and China National Building Materials rising by more than 2%, Dongwu Cement falling by more than 7%, and Conch Cement falling by 2%.
Home appliance stocks rose strongly, with a two-hundred-billion giant soaring over 7%
On September 19th, Hong Kong's home appliance stocks rose strongly, with Hisense Home Appliances rising by more than 14%, the two-hundred-billion giant Haier Smart Home rising by more than 7%, and TCL Electronics rising by more than 6%.
In terms of news, most provinces and cities across the country have introduced implementation plans for home appliance replacement policies. As of September 17th, about 30 provinces, autonomous regions, and municipalities directly under the Central Government have issued detailed rules for home appliance replacement, making specific provisions on specific subsidy categories and amounts, implementation methods, etc., most of which have already been implemented. Guoxin Securities pointed out that in August, home appliance retail stopped falling and rebounded, with white goods retail performance both online and offline warming up; the effects of the replacement policy are expected to be gradually released, driving China's home appliance demand; home appliance exports in August increased by 12%, and foreign sales continued to grow well.
Everbright Securities pointed out that white goods have stable performance, high dividend yields, and prominent configuration value. The performance growth of white goods leaders is determined by multiple factors (replacement demand, profit retention, overseas business, product upgrades), and the impact of real estate completion on performance is limited; the dynamic dividend yield of white goods leaders is above 5%, significantly higher than the yield of 10-year U.S. Treasury bonds/Chinese bonds, and currently has strong appeal to both domestic and foreign capital, and continues to be optimistic about the valuation repair of white goods leaders.
Real estate stocks explodeOn September 19th, domestic real estate stocks experienced a significant surge, with Evergrande Real Estate's shares rising by over 12%, Agile Group's shares increasing by more than 9%, and companies such as Vanke Enterprises and China Resources Land also seeing gains.
In terms of news, the head of the central bank's relevant department stated that in the next phase, monetary policy will be more flexible and moderate, precise and effective. Efforts will be intensified to regulate and accelerate the implementation of financial policies and measures that have been introduced. Additionally, new incremental policy initiatives will be introduced to further reduce the financing costs for businesses and credit costs for residents.