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<HK Open>HSI Opens 219 pts Higher as TENCENT, KUAISHOU Rise Post-results; Property Developers Prosper
Hong Kong stocks opened higher in the morning session. The HSI opened 219 points or 1.3% higher at 16,762. The HSCEI opened 68 points or 1.2% higher at 5,872. The HSTECH opened 58 ...
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<HK Open>HSI Opens 219 pts Higher as TENCENT, KUAISHOU Rise Post-results; Property Developers Prosper
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Hong Kong stocks opened higher in the morning session. The HSI opened 219 points or 1.3% higher at 16,762. The HSCEI opened 68 points or 1.2% higher at 5,872. The HSTECH opened 58 points or 1.6% higher at 3,609.

TENCENT (00700.HK)  +1.800 (+0.457%)    Short selling $618.84M; Ratio 9.775%   's quarterly results were in line with expectations, with its annual dividend rising 42% YoY, and planned to at least double the size of share repurchases. TENCENT's share price climbed 2.2%. SUNNY OPTICAL (02382.HK)  +0.700 (+1.618%)    Short selling $36.19M; Ratio 9.151%   's 2023 net profit fell 54%, and its share price hiked 1.9% along with the market. JD HEALTH (06618.HK)  -0.650 (-2.100%)    Short selling $39.13M; Ratio 19.364%   's 2023 net profit surged over 4x, and its share price advanced 3%, while JD-SW (09618.HK)  +2.000 (+1.511%)    Short selling $108.31M; Ratio 12.965%   mounted 2.7%. KUAISHOU-W (01024.HK)  -0.050 (-0.086%)    Short selling $240.45M; Ratio 19.636%   added 2.3% after it recorded a better-than-expected 4Q23 adjusted net profit. KINGSOFT CLOUD (03896.HK)  +0.080 (+4.396%)    Short selling $1.19M; Ratio 3.820%   's 2023 loss narrowed to RMB2.176 billion, and its share price leaped 5.9%.

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Property developers were boosted by hopes of an interest rate cut. SHK PPT (00016.HK)  +0.450 (+0.565%)    Short selling $35.57M; Ratio 20.880%   picked up 1%, while HANG LUNG PPT (00101.HK)  +0.070 (+0.863%)    Short selling $15.32M; Ratio 20.589%   , LINK REIT (00823.HK)  0.000 (0.000%)    Short selling $16.96M; Ratio 12.027%   and CK ASSET (01113.HK)  +0.300 (+0.849%)    Short selling $1.75M; Ratio 1.724%   swelled 1.4% to 1.6%. Chinese developers CHINA OVERSEAS (00688.HK)  +0.680 (+4.298%)    Short selling $71.67M; Ratio 19.113%   and LONGFOR GROUP (00960.HK)  +1.320 (+9.565%)    Short selling $154.29M; Ratio 24.355%   gained over 2%, while CHINA RES LAND (01109.HK)  +0.800 (+2.508%)    Short selling $27.65M; Ratio 4.597%   jumped up 1.4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 12:25.)

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