Top Hong Kong Large-Cap Stock Gainers in May 2023
Li Auto Inc (02015) rose 23.7% in May, leaving the stock up 47.3% year to date. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 6% premium to its fair value estimate of HK$ 120.
AIM Vaccine Co (06660) climbed 19.5%, lifting shares 118.49% for the year. Shares in the vaccine maker have doubled since its listing in October 2022. The stock ended the month at its historical peak.
Huadian Power International Corp (01071) advanced 14.5% during the month. Shares are up 34.7% year to date, the highest price since 2016.
Datang International Power Generation Co (00991) gained 8.8% in May. The stock is up 26% for the year.
China Resources Gas Group (01193) rose 7.7%, narrowing year to date loss to 9.0%. The company’s stock ended the month with a 4-star rating, trading at a 23% discount to its fair value estimate of HK$ 33.5.
Top Hong Kong Large-Cap Stock Losers in May 2023
Longfor Group (00960) fell 29.5% in May. It has dropped 38.0% from the start of the year. Shares are 63.8% below their 52-week high of HK$ 40.0 on Jun. 1, 2022.
Country Garden Holdings (02007) fell 28.4%, leaving the stock down 46.1% for the year. Shares are 72.3% below its last high on Jun. 29 2022. After the correction, shares are in the 4-star price range, trading a 49% discount to its fair value estimate of HK$ 2.8.
China Hongqiao Group (01378) declined 26.4% in May, and it is down 21.71% from the start of the year. Shares are 44.0% below their last high on Jun. 8 2022.
Yankuang Energy Group Co (01171) slid 26.1%, dropping 16.6% from the start of the year. Shares are 45.6% below its last high Sep. 6, 2022.
RemeGen Co (09995) fell 26.1%, and it is down 41.5% from the start of the year. Shares are 57.1% below their last high on Jan. 16, 2023. The company’s stock ended the moth with a 4-star rating, trading at a 48% discount to its fair value estimate of HK$ 55.
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