Hong Kong Market Recap (CN+EN) - 20 Feb 2019

恒生指数， 涨1.01%。恒生中国企业指数，涨1.01%。受中央一号文件深化农业改革提振，农业股走高；原材料股随金属价格上扬，医药股续挫。汇率稳定或将写入中美协议，人民币盘初激扬至6.72元后横盘。粤港澳大湾区发展规划发布，可能的赢家包括基础设施，房地产等。

HSI, up 1.01%. HSCEI, up 1.01%. HSI ends higher on hopes that US-China will broker a trade deal and de-escalate their year-Long tariff war, while US Fed official’s comment on holding off further rate hike lifted sentiment.

2327，美瑞健康国际，涨2.96%，5日上涨31.71%。公司是一家以大健康为主的国际化产业集团。在收购云南汉素之前，公司业务板块主要涵盖健康医疗、健康旅游、健康地产、健康生活等板块。2018年美瑞以6000万人民币投资汉麻集团旗下云南汉素生物科技公司，获得云南汉素20%股权，布局工业大麻业务。汉麻集团是我国唯一一家拥有工业大麻种植许可证及大麻花叶加工许可证且符合中国GMP良好生产规范的持牌公司。

2327, Meilleure Health International, up 12.96%, 5 days up 31.71%. The company’s JV company, Yunnan Hans, became the first Chinese manufacturer to acquire DMF, while Yunnan Hansu’s CBD cannabinol extraction process patent was granted by the US. CBD is a natural cannabinol with great medical value in industrial cannabis.

2628，中国人寿，涨4.25%。瑞信星展大和均发表正面研报，上调目标价或评级。大和称，今年1月原保险保费收入同比增长24%，属上市寿险股中增速最高，认为其新一年开局良好，并估计国寿于今年1月首年保费收入可同比增长90%，增速跑赢同业。

2628, China Life Insurance Co, up 4.25%. Credit Suisse, DBS, Daiwa Securities all give China Life positive ratings upgrade or price target increase. Daiwa says the company increased its original premium income by 24% in January this year, which is the highest growth rate among listed life insurers.

3908，中金公司，涨5.79%。昨日公告，阿里巴巴于2月14日以每股15.50港元买入1.171亿股中金H股，持股比例从大约5%提高道11.7%，几乎追平腾讯的12%。中金可以帮助推动全球的金融交易。

3908, China International Capital Corp Ltd, up 5.79%. Alibaba has acquired another Chunk of shares in CICC. For about HK$1.8bn, enlarging its stake in a prestigious investment bank that can help properl deals and financial transactions around the world. That expanded its stake to about 11.7% from roughly 5%, almost matching Tencent’s 12%.

3993，洛阳钼业，涨9.82%。随着节后市场逐渐恢复，工厂逐渐复工，下游钢厂鉬铁招标活跃，今年国内钼精矿市场价格稳步上涨。

3993, China Molybdenum Co Ltd, up 9.82%. Continue to rise because of continuous Molybdenum price increase.

2899，紫金矿业，涨8.28%。1818，招金矿业，涨3.38%。金矿股随金价上升。

2899, Zijin Mining Group Co Ltd, up 8.28%. 1818, Zhaojin Mining Industry, up 3.38%. Gold mining stocks were boosted by gold price increase.

1208，五矿资源，涨9.94%。嘉能可计划再其刚果最大的铜钴矿之一Mutanda矿场削减产量。消息公布后，Comex期铜短线涨超2.6%。五矿资源为全球主要的铜生产商，受益铜价上涨。

1208, MMG Ltd, up 9.94%. Glencore plans to cut production at its Mutanda mine, one of the largest copper-cobalt mines in Congo. After the news was released, the COMEX copper futures rose more than 2.6%. MMG, the world’s leading copper producer, will also benefit from rising copper prices.

2269，药明生物，涨3.06%。公司预计2018年度利润较上年增长超过245%。增长主要是由于，凭借最佳的项目交付时间及优秀的项目执行过往纪录，公司赢得更高市场份额；录得的里程碑收入毛利率较高，以及有汇兑收益。

2269, WuXi Biologics Cayman Inc, up 3.06%. The company expects 2018 profit to rise more than 245% YoY. Company cites growth in revenue, “competitive timeline and strong” execution track record contributing to more market share, milestone revenue with “relatively” high gross margin and foreign exchange gains.

1530，三生制药，跌5.4%。1177，中国生物制药，跌1.99%。1099，国药控股，跌3.44%。中国拟加码降低抗癌药价，相关股逆势续跌。

1530, 3SBIO, down 5.4%. 1177, Sino Biopharmaceutical, down 1.99%. 1099, SinoPharm Group, down 3.44%. Mainland China plans to stress more on anti-cancer drugs price reduction, and the relevant stocks continue to fall against the market.

384，中国燃气，涨10.39%。1193，华润燃气，涨6.18%。公司可能成为恒生指数的主要候选股。此外，建行国际看好下游天然气运营商，因为他们可能受益于大湾区建设。

384, China Gas Holdings, up 10.39%. 1193, China Resources Gas Group Ltd, up 6.18%. The company could be leading candidate for inclusion in Hang Seng Index. Besides, CCB International recommends downstream gas Operators as they are likely to benefit from Greater Bay Area construction.

2777，富力地产，涨5.61%。公司4NC2/5NC3美元债定在8.375%/8.875%区域。评级Ba3/B+/BB-，主要用于离岸再融资

2777, Guangzhou R&F Properties, up 5.61%. USD 4NC2/5NC3 bonds, 8.375%/8.875% Area, ratings: Ba3/B+/BB-, mainly for offshore refinancing.

1610，中粮肉食，涨13.68%，5日涨19.10%。持续受猪肉价格有望触底反弹的利好消息影响。

1610, COFCO Meat Holdings, up 13.68%, 5 days up 19.10%. Continue to be boosted by news that the hog price will be bounce back due to Low inventory nationwide.

1999，敏华控股，涨5.84%，5日涨12.30%。5日前花旗从卖出评级上调至买入，目标价5.3元，称其活在美国市场保持高个位数营收增长，并预料会加速增长。指该股目前估值具吸引力，美国业务更见稳固，中国业务也加速增长。

1999, Man Wah Holdings, up 5.84%, 5 days up 12.30%. 5 days ago Citi upgraded the company to “buy” from “sell”. Says that Minhwa would maintain high single-digit revenue growth in the US market. The bank said that the current valuation of the stock is attractive, the US business is more stable, and the Chinese business is also accelerating growth.

547，数字王国，涨5.99%。《流浪地球》累计票房已达40亿元人民币，中国或将掀起科幻电影制作的热潮。利好数字王国，位于香港的视觉特效制造商。主要从事视觉特效、虚拟实境、电脑图像等媒体娱乐业务。

547, Digital Domain Holdings, up 5.99%. “Wandering Earth” had a total box office of 4bn yuan already. Investors are more confident that China may set off more Sci-Fi movie production initiatives, which will benefit visual effects producers like Digital Domain.

293，国泰航空，涨7.77%。公司料将转亏为盈，结束了因内地和廉价航空竞争下两年来的亏损。公司预计2018年的获利为23亿港元，2017年的亏损为12.6亿港元。公司启动了一项为期三年的转型计划，旨在恢复盈利，公司得益于收益管理的提升，强大的货运业务，以及装载量的增长。

293, Cathay Pacific Airways, up 7.77%. Expects swing to a profit of HK$2.3bn versus a loss of HK$1.26bn the previous year, ending 2 years of annual losses fueled by competition from mainland and Low-cost carriers. The carrier, which kicked off a 3-year transformation program to revive earnings, gains from improved revenue management, a strong cargo business and growth in capacity.

1220，志道国际，涨18.6% ， 5日跌73.13%。公司13日上市地位遭质疑后，又于昨日遭大股东减持。上市委员会指公司未能维持足够业务营运水平或拥有足够有形资产价值。今日超跌反弹。

1220, Zhidao International Holdings, up 18.6%, 5 days down 73.13%. The company’s financial soundness to be listed was questioned by the listing committee on 13 Feb. Yesterday there was a huge weightage cut by a major shareholder. Today the price was bounced back a bit.

308，香港中旅，跌5.38%，5日涨15.56%。之前受益于大湾区推进旅游发展。

308, China Travel International Investment Hong Kong, down 5.38%, 5 days up 15.56%. Previously boosted by the policy to promote tourism in the big Bay zone.

200，新濠国际发展，涨6.59%。第四季净收入比分析师平均预期高出2.2%至14亿美元。

200, Melco International Development, up 6.59%. Net revenue for the fourth quarter was 2.2% above the average analyst estimate to $1.4bn.

520，呷哺呷哺，涨10.60%。连续4日遭内资增持。

520, Xiabuxiabu Catering Management, up 10.60%. Fund inflow from Mainland-HK connection for 4 consecutive days already.

1117，现代牧业，涨6.42%。三农工作意见再提奶业振兴，加强优质奶源基地建设，升级改造中小奶牛养殖场，实施婴幼儿配方奶粉提升行动。

1117, China Modern Dairy Holdings, up 6.42%. The government newest policy is to boost the milk industry.

330，思捷环球，涨7.3%。

330, Esprit Holdings, up 7.3%.

1051，国际资源，涨20.29%。

1051, G-Resources Group Ltd, up 20.29%.

729，五龙电动车，跌，5日涨 。

729, FDG Electric Vehicles Ltd, down, 5 days up .

3306，江南布衣，涨6.37%。

3306, JNBY Design Ltd, up 6.37%