To The Moon

Hong Kong stocks were pleasantly surprised last week, with the Hang Seng index$HSI(HSI)$ rose 4.2% on Tuesday, reversing a four-week pullback to a weekly gain of 2.79%.

On the news side, Chinese stocks intensive release of four seasons report last week, with joys and sorrows, which had a significant impact on the trend of individual stocks. In the following week, JD.com$JD-SW(09618)$ , Ctrip$TRIP.COM-S(09961)$ and other companies will release financial reports one after another.

On the board, the sector with the biggest gain last week was the information technology industry, with a weekly increase of 2.27%, followed by health care, and the underperformer was telecommunications, down 0.4%:

Southbound funds have a net inflow of HK $15.79 billion this week, hit a recent record:

Key Events in Hong Kong Stocks Last Week

1. HKEX will amend its main board listing rules in March to allow technology companies with no revenue or profit to list in Hong Kong.

2. XPENG Motor$XPENG-W(09868)$ was included in Hang Seng China Enterprise Index.

3. BYD$BYD COMPANY(01211)$ stores started cutting prices.

4. The three major communication operators went up collectively, and the shares of State-owned holdings soared.

5. Li Auto$LI AUTO-W(02015)$ released its quarterly report and annual results for 2022.

6. The net profit of MINISO$MNSO(09896)$ increased by 127% in the second half of 2022, and the stock price soared.

7. Hong Kong Chief Executive Lee Ka Chiu John announced the lifting of the "mask order" in all places from March 1.

8. Nio$NIO-SW(09866)$ released quarterly report, results and guidance fell short of expectations, and its share price fell sharply, hitting a new low since its listing in Hong Kong.

9. Vanke Enterprise$CHINA VANKE(02202)$ will sell 300 million H shares at HK $13.05 each.

10. Auto maker New Force releases February sales data.

11. Shares of Bilibili$BILIBILI-W(09626)$ surged after the company announced it would buy back up to $500 million in its latest earnings report.

12. Hong Kong Securities and Futures Commission announced that the investor identification system will be officially launched on March 20, 2023. Investors can only sell shares but not buy shares if they do not reply to the broker's consent to transfer their personal identification information.

13. Hai Di Lao$HAIDILAO(06862)$ released a profit report, shares soared with net profit exceeded market expectations.

Four Stocks Worth Attention Among Top Trading HK Stocks Last Week

TOP1: Alibaba$Alibaba(09988)$ , which has not performed well since its earnings report last Thursday, bucked the trend last week, fell 2.3%, even as the Hang Seng Index and Internet stocks surged:

TOP5: Shares of Bilibili$BILIBILI-W(09626)$ surged 10.3% on Thursday after the company announced its quarterly and full-year results for 2022, showing a narrower loss and forecast revenue of 24-26 billion yuan in 2023.

TOP7: Nio$NIO-SW(09866)$ released quarterly report last week, with revenue and gross profit margin were lower than expected. At the same time, its sales guidance in the first quarter of this year was weak, causing share prices to fall sharply, and its Hong Kong stock prices hit their lowest level since listing.

TOP9: Hai Di Lao$HAIDILAO(06862)$ released a profit forecast this week, the net profit greatly exceeded the market expectations, and the share price rose continuously after the performance forecast, rising by 20.2% a week.

Next week's Hong Kong stock market events

1. Economic policies and GDP growth target will be released during the Two Sessions on the weekend, which will have A significant impact on the trend of Hong Kong A-shares.

2. Fed Chairman Jerome Powell will deliver semi-annual monetary policy testimony before the Senate Finance Committee on Tuesday.

3. On Wednesday, the U.S. will report February ADP payrolls. Market expectations are 168,000. If the employment data is better than expected, it may trigger market concerns about a strong Fed interest rate hike.

4.On March 10, the US will release non-farm employment data for February, the market expects growth to fall to 200,000.

5. Ctrip$TRIP.COM-S(09961)$ will report fourth-quarter results after the bell on Monday. Analysts expect revenue of 4.86 billion yuan, up 3.8% year on year.

6. Before the market open on Thursday, JD.com$JD-SW(09618)$ will release its quarterly report and full-year results. Analysts expect revenue of 295.62 billion yuan, up 7.1% year on year.