"Hong Kong Stocks" Hang Seng Index futures settlement day rises 141 points, mainland property stocks surge, consumer stocks rise in the afternoon

On the settlement day of Hong Kong stock index futures, the market rose driven by property stocks. The Hang Seng Index opened down 199 points, initially falling 215 points to a low of 27,611 points before rebounding. In the afternoon, it rose 229 points to a high of 28,056 points, reaching a new high in over four and a half years, closing up 141 points or 0.5% at 27,968 points; the National Index rose 40 points or 0.4% to close at 9,552 points; the Hang Seng Tech Index fell 59 points or 1% to close at 5,841 points. The total market turnover for the day was HKD 331.994 billion.

It was reported that several domestic property companies are no longer required to report the "three red lines" indicators monthly, leading to a significant rise in property stocks. Companies such as Hopson Development (01813.HK), Aoyuan (03883.HK), and Sunac China (01918.HK) rose between 29% and 41%, while Shimao (00813.HK), CIFI HOLD GP (00884.HK), Kaisa Group (01638.HK), R&F Properties (02777.HK), and Longfor Group (03380.HK) rose between 19% and 23%. New City (01030.HK), Country Garden (02007.HK), Agile (03383.HK), and China Oceanwide (03377.HK) rose between 13% and 16%. Yuexiu Property (00123.HK) and Vanke (02202.HK) rose by 8.3% and 8%, while China Overseas (00688.HK), Longfor (00960.HK), and Greentown (03900.HK) rose by 5.8% to 6.2%. Property management stocks such as Wuyun (02602.HK) and Bifang (06098.HK) rose by 4.3% and 3.8%. Additionally, Mingyuan Cloud (00909.HK) and Beike (02423.HK) rose by 5.1% and 7.6%.

Consumer stocks gained momentum in the afternoon, with ZJLD (06979.HK) and CTG DUTY-FREE (01880.HK) rising by 12% and 8%, respectively. Qingdao Beer (00168.HK) and Anta (02020.HK) rose by 5.6% and 4.8%. Li Ning (02331.HK), China Resources Beer (00291.HK), Haitian Flavoring (03288.HK), China Feihe (06186.HK), Haidilao (06862.HK), Yihai (01579.HK), and Budweiser APAC (01876.HK) each rose by over 3%.

Sands China (01928.HK) reported a 6.5% increase in adjusted property EBITDA for the fourth quarter of last year. Credit Suisse indicated that the company's EBITDA profit margin fell by 2.7 percentage points to 29.6% last quarter, leading to an 8% drop in Sands China's stock price to HKD 17.34. Galaxy Entertainment (00027.HK) fell by 4%. New Oriental (09901.HK) is expected to see quarterly revenue growth of 11% to 14%, raising its full-year forecast, with its stock price rising by 3%. Oriental Selection (01797.HK) turned a mid-term loss into a profit of HKD 239 million, with its stock price rising by 14.2% Gold prices once approached $5,600. Silver prices hit a peak, with China Silver (00815.HK) retreating 7.4%. Zijin (02899.HK) rose 3.1%. Resource stocks Jiangxi Copper (00358.HK) increased by 6%. Gold retail stock Lao Pu Gold (06181.HK) fell 4.6%.

In other tech stocks, Tencent (00700.HK), Meituan (03690.HK), and Kuaishou (01024.HK) rose between 0.2% and 0.8%, while Alibaba (09988.HK) and Baidu (09888.HK) fell by 0.1% and 0.4%. JD.com (09618.HK) and Bilibili (09626.HK) dropped 1.5%, and NetEase (09999.HK) fell 2.5%.

AI stocks Yunzhisheng (09678.HK) rose 2.8%, while Envision Intelligent (03696.HK) and MINIMAX (00100.HK) increased by 9.7% and 2.5%. Chip stocks SMIC (00981.HK) and Will Semiconductor (06082.HK) fell by 2.8% and 3.3%, while Tianshu Zhixin (09903.HK) and Huahong (01347.HK) dropped 4.4% and 5.3%. Chip equipment stock ASMPT (00522.HK) fell 4.8%.

In financial stocks, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) rose by 0.1% and 1.1%, while AIA (01299.HK) and Ping An (02318.HK) increased by 2.4% and 3.3%. China Pacific Insurance (02601.HK) rose 2.9%. China Construction Bank (00939.HK) and Bank of China (03988.HK) rose by 1.6% and 1.9%. Brokerage China Galaxy (06881.HK) rose 4.7%.

Yuehai Investment (00270.HK) expects a 43% year-on-year growth in consolidated profit for the year, with its stock price rising 4.5%. Nine Dragons Paper (02689.HK) expects its interim profit to increase by up to 2.3 times year-on-year, with its stock price rising 9.7%. OSL Group (00863.HK) recorded a large handover of U-shares before the market, involving 104.7 million shares at a price of HKD 14.9 per share, totaling HKD 1.49 billion. The stock fell by HKD 5.6. New World (00017.HK) rose 7.3% to HKD 11.13