Market Performance - The Hong Kong stock market saw all three major indices rise, with the Hang Seng Index up 0.72% to 25,967.98 points, the Tech Index up 0.48% to 5,951.45 points, and the National Enterprises Index up 0.83% to 9,300.74 points [2][4]. Oil Sector - Oil stocks experienced significant gains, with notable increases in shares of companies such as Yanchang Petroleum International (up 6.10%), CNOOC (up 2.15%), and PetroChina (up 1.52%) [4][5]. - The rise in oil stocks was attributed to U.S. sanctions on two major Russian oil companies, which led to a spike in WTI crude oil prices, currently around $60.59 [5]. Banking Sector - Bank stocks continued to attract investment, with Postal Savings Bank rising 4.59%, Agricultural Bank up 1.88%, and Industrial and Commercial Bank up 1.68% [6]. - According to Guotai Junan Securities, the banking sector is expected to maintain positive revenue growth, with projected increases in cumulative revenue and net profit for listed banks by 0.4% and 1.1% year-on-year, respectively, for the first three quarters of 2025 [6]. Insurance Sector - Insurance stocks also benefited from the trend towards dividend-paying stocks, with China People's Insurance Group rising 2.07%, China Pacific Insurance up 0.94%, and Prudential up 0.38% [6]. Lithium Battery Sector - Lithium battery stocks faced downward pressure, with BYD Electronics down 2.44%, CATL down 2.01%, and Zhongxin Innovation down 1.99% [8]. - Despite the overall decline, UBS raised the target price for CATL from HKD 495 to HKD 640, maintaining a "Buy" rating and increasing profit forecasts for 2025 and 2026 by 7% and 11%, respectively [9]. Pharmaceutical Sector - Pharmaceutical stocks continued to adjust, with Rongchang Bio down 10.93%, Yiming Oncology down 9.40%, and JAKS down 9% [10]. - Despite the short-term weakness, the industry fundamentals remain solid, with Shanghai's biopharmaceutical manufacturing sector growing by 3.6% in the first three quarters of this year [11]. Meituan's Strategic Moves - Meituan saw its stock rise 4.06%, with a peak increase of over 6% during the day, following the announcement of key personnel changes aimed at enhancing its overseas business strategy [12]. - Starting October 30, Meituan's brand Keeta will officially launch operations in Brazil, with initial pilot cities in Santos and São Vicente [12]. Pop Mart's Decline - Pop Mart's stock fell by 9.36% to HKD 232.40, as analysts expressed concerns over the sustainability of its revenue growth, predicting a peak in 2025 followed by a slowdown in 2026 [13].
三大指数震荡收高 锂电池和医药股持续承压
Xin Lang Cai Jing·2025-10-23 08:42