GMT EIGHT - Research - HK Stock

Yamato: Mixed Group (02097) is rated "outperform the market" with a target price of HKD 539.

This line indicates that competition among delivery platforms also helps drive same-store sales for the Meixue Group, with same-store sales expected to increase by over 10% in April.

Citigroup: Reiterate "Buy" rating on NEXTEER (01316) and raise target price to HK$8.

The bank said that the growth in Natixis' revenue was in line with expectations, while the impact of US tariffs was lower than expected.

Goldman Sachs: Raises target price for HSBC Holdings (00005) to 103 Hong Kong dollars, expects US interest rate cut to start in December this year.

The bank raised its earnings forecasts for HSBC Holdings (00005) for the fiscal years 2025 to 2028 by approximately 3% per share.

Goldman Sachs: Raise target price to HK$83.1 for SUNNY OPTICAL (02382), increase profit forecast.

After taking into account the latest shipment volumes, the profit forecasts for Sunny Optical for the years 2025 to 2027 have been adjusted upwards by 4%, 3%, and 3% respectively.

Goldman Sachs: JD Health (06618) first quarter performance exceeded expectations, raising target price to 42.5 Hong Kong dollars.

The statement reiterates confidence in JD Health's leading position in the industry, as the company has strong supply chain capabilities and brand awareness.

Bank of America Securities: Raised the target price of GEELY AUTO (00175) to HK$21.6, reiterating a "buy" rating.

This bank has raised Geely's target price from HK$20.3 to HK$21.6, believing that the group's prospects for electric vehicles and overseas sales growth are superior to its peers.

Goldman Sachs: Raises target price of XIAOMI-W (01810) to 62 Hong Kong dollars, rating "buy"

The announcement at the strategic new product launch event that Xiaomi will release its self-developed smartphone SoC chip Xring O1 marks a breakthrough for the group in core technology areas such as chips, artificial intelligence, and operating systems.

Goldman Sachs: Using shipping data to predict China's trade flows, what did they discover?

In the past two years, export-oriented growth has been a key driving force for the Chinese economy. Tracking export growth is crucial for assessing policy stance and economic momentum. Due to the impact of preloading, rerouted transportation, and US tariffs, there is a high level of uncertainty in China's trade flows, making it increasingly important to monitor daily or weekly freight traffic in a timely manner.

Bank of America experts meeting minutes: Stable demand for data centers in 2025, limited recent impact of AI chip ban.

Jie Hu believes that the current cycle of increasing capital expenditures is strongly supported by the actual demand generated by artificial intelligence, and may continue for many years, longer than the previous cycle driven by policy from 2020-21.

CICC: Further differentiation in the retail sector, optimistic about the trendy toy track, recommends POP MART (09992), BLOKS (00325) and MNSO (09896) etc.

The line recommends Bubugao (09992), Bluemoon (00325), and Miniso (09896); in the supermarket and hypermarket industry, it recommends Yonghui Superstores (601933.SH) and Chongqing Department Store (600729.SH); in the human resources services sector, it recommends CIIC International (300662.SZ), Tongdao Recruitment (06100), and Beijing Human Resources (600861.SH).

Morgan Stanley: Insurance sector fundamentals are healthy, preference for Ping An Insurance (02318)

Daiwa is more optimistic about life insurance companies and prefers China Ping An (02318).

Morgan Stanley is optimistic about China Meheco Group industry and raises target price for HANSOH PHARMA (03692) and others.

This line indicates that although legacy drugs will continue to weigh down the short-term growth of many companies, as these legacy drugs gradually exit the market, investors can reassess the value of the company's product pipeline and catalysts.

Xingzheng Zhang Yi Dong: Under the influence of incremental capital, the "A-shares-ization" of Hong Kong stock investment may become a trend.

The current bull market in the Hong Kong stock market will continue to benefit from the revaluation of Chinese assets, and the phoenix of global gold will definitely be attracted to the Paulownia tree reconstructed by technology and new consumption.

Morgan Stanley: Raises target price of COSCO Shipping Holdings (01919) to 9.6 Hong Kong dollars, maintains "underweight" rating.

Daiwa Securities has raised its earnings forecast for 2025 and 2026 by 13% and 12%, respectively, to reflect changes in assumptions for freight and fuel prices.

Morgan Stanley: Raises OOIL (00316) target price to 100 Hong Kong dollars and maintains a "underweight" rating.

Nomura raises earnings forecasts for Orient Overseas International in 2025 and 2026 by 13.2% and 11.1%, mainly reflecting changes in freight rates, volume, and forecasted marine fuel prices.

JP Morgan: Lowered TECHTRONIC IND (00669) target price to HKD 126, maintaining "neutral" rating.

Chuangke Industrial and Shi's competitors have already raised prices. Credit Suisse believes that this may have a slight negative impact on demand, but expects it to positive industry sales growth for the current fiscal year.

Morgan Stanley: Raised Tsingtao Brewery (00168) target price to HKD 51, maintaining "in line with the market" rating.

Daiwa raises its earnings per share forecast for the company by 1-2% for 2025-2026.

CMSC International: Raise target price of BABA-W (09988) to HKD 171, maintain "buy" rating.

The group emphasizes the strategic focus on continuous attention to the core business, and plans to achieve profit for the Alibaba International Digital Commerce Group (AIDC) in the 2026 fiscal year.

Morgan Stanley: LENOVO GROUP(00992) is in the best position in the Greater China PC market, raising its target price to 11.4 Hong Kong dollars.

The bank believes that Lenovo Group is in the best position in the personal computer market in Greater China, benefiting from the increase in enterprise personal computer upgrade cycles and the rising penetration rate of artificial intelligence personal computers.

CCB International: Alibaba (09988) had a mixed performance in the fourth quarter, with the target price reduced to HK$160.6.

Despite the uneven performance, the bank still believes that Alibaba's investment is stable, including the stable market share of Taobao Group (TTG) and the growth of structural cloud business.

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