Index Rebalance

HSI Index Earning Revision (Apr): MEITUAN, BYD Electronic, ALIBABA, CNOOC, HSBC, LI AUTO, CCB

30 Apr 2026 By Ke Yan, CFA
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Abstract: We analyzed the April 2026 earnings revisions for Hang Seng Index (HSI) component stocks and found the index 2026E consensus EPS rose 0.55% month-on-month to HK$2,196, with 40 stocks revised up versus 29 revised down. The HSI index gained 4.6% over the month from 24,788 to 25,926, and individual stock EPS revisions contributed HK$12.6 to the index EPS change. The largest positive contributors to index EPS were CNOOC (+HK$4.6), CCB (+HK$2.8), and HSBC (+HK$1.8), while ALIBABA (-HK$2.3) and MEITUAN (-HK$1.3) were the largest detractors. At the individual stock level, MEITUAN posted the sharpest EPS upgrade at +1,487% MoM, followed by LI AUTO (+7.80%) and CNOOC (+4.96%), while BYD Electronic saw the steepest EPS cut at -8.25%, followed by SANDS CHINA (-3.40%) and ALIBABA (-2.99%).

MEITUAN (3690 HK) CHINA HONGQIAO (1378 HK) BYD Electronic (285 HK) ALIBABA (9988 HK) HSBC (5 HK) CNOOC (883 HK)

Highlighted Stocks

MEITUAN, CHINA HONGQIAO, BYD Electronic, ALIBABA, HSBC, CNOOC

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