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港股收评 | 恒生科技指数大跌超3%,美团、腾讯跌超4%

Hong Kong Stock Review | Hang Seng Technology Index plummeted more than 3%, Meituan and Tencent fell more than 4%

富途資訊 ·  Sep 15, 2021 16:23

Evaluation of Hong Kong stocks

Futu Information on September 15 | the three major indexes of Hong Kong stocks fell sharply across the board, with the Hang Seng Index down 1.84% at 25033 points, the National Index down 1.6% at 8936 points, and the Hang Seng Technology Index down 3.14% at 6298 points.

By the end of the day, Hong Kong stocks were up 622, down 1382, to close flat.

Plate aspectLarge-scale technology stocks all fell, NetEase, Inc fell nearly 4%, Meituan and Tencent fell more than 4%, JD.com fell nearly 6%, BABA fell nearly 3%.

The iron and steel sector rose higher after noon, Chongqing Iron and Steel shares rose more than 1%, Angang shares rose nearly 3%, Maanshan Iron and Steel shares rose.

The decline in inner housing stocks expanded, Greentown China fell nearly 10%, Country Garden Holdings fell more than 8%, Sunac China fell more than 5%, Metro Development fell more than 6%, Agile Group fell more than 6%, China Evergrande Group extended the afternoon decline to more than 5%.

Power equipment stocks rose in the afternoon, China's high-speed transmission rose more than 14%, Xinjiang Goldwind Science & Technology rose more than 8%, Shanghai Electric rose more than 5%, Dongfang Electric rose more than 1%.

Gaming stocks plummeted, with Sands China down more than 32%, Wynn Macau down nearly 29%, MGM China down more than 26% and Galaxy Entertainment more than 20%.

Individual stocks$Xinjiang Goldwind Science & Technology (02208.HK) $With an increase of more than 8%, the National Energy Administration plans to implement the transformation of wind power to the countryside and old wind farms.

$Tengshengbo Medicine-B (02137.HK) $Up nearly 8%, COVID-19 neutralizing antibody combination therapy is expected to apply for listing by the end of the year.

China Water (00855.HK) $With an increase of more than 6%, new rules on water supply prices will soon be implemented.

$Dongyue Group (00189.HK) $Up more than 4%, Credit Suisse maintained Dongyue Group's "outperform" rating, raising its target price to HK $31.

$Li Ning Co. Ltd. (02331.HK) $Up more than 3%, Citi said it was more cautious about China's sportswear industry, preferring Li Ning Co. Ltd. and Topsports International Holdings Limited.

$Liwen Chemical (00746.HK) $It rose by more than 19%, the price of raw materials rose, and the price of refrigerant continued to rise.

$China Mengniu Dairy (02319.HK) $Up more than 2%, Lyon maintained China Mengniu Dairy's "buy" rating, with a target price of HK $60.

$BeiGene, Ltd. (06160.HK) $Up nearly 4%, Bai Ze'an 's listing application was accepted by the United States for esophageal squamous cell carcinoma.

$Dream creation (01119.HK) $Up more than 6%, Dream Technology increased its stake by 127600 shares.

$Yao Ming Gu Nuo-B (02126.HK) $The decline widened to more than 10 per cent after 24.3 million shares were placed at a 10 per cent discount by shareholders, cashing out more than HK $530 million.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $770 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

National Bureau of Statistics: the decline in the PMI index is the result of a variety of international and domestic factors.PMI data have fallen for the fifth month in a row, reaching the lowest level since March 2020. In this regard, Fu Linghui, spokesman for the National Bureau of Statistics, said that the decline in the manufacturing PMI index is the result of a variety of international and domestic factors. From an international point of view, the recent epidemic situation in many countries has rebounded and the momentum of world economic recovery has slowed. In August, the global composite PMI was 52.6%, the third consecutive month of decline, while the global manufacturing PMI was 54.1%, also the third consecutive month of decline. These inevitably have a certain impact on the domestic market and enterprise expectations. Domestically, due to the impact of the flood situation in July and August, the growth rate of production demand indicators has slowed down, and there is pressure on enterprise costs, which will also affect the expectations of enterprises.

National Bureau of Statistics: the impact of operational difficulties of some large real estate enterprises on the development of the industry still needs to be observed.In response to questions related to Evergrande Group, Fu Linghui, spokesman for the National Bureau of Statistics, said that there were some difficulties in the operation of some large real estate enterprises, and the impact on the development of the industry as a whole still needs to be observed. With the continuous improvement of the real estate market system, the real estate market is expected to maintain a stable development.

Beijing: subject training institutions will be transferred to non-Africa by the end of the year.The Beijing Municipal Commission of Education and other departments jointly issued the Circular on doing a good job in the registration of discipline training institutions in compulsory education as non-profit organizations, it is clear that the registration of discipline training institutions in compulsory education in this city will be completed by the end of 2021, and from now on, for-profit institutions shall not organize enrollment and charging activities for discipline training in compulsory education.

China Automobile Association: the export of 187000 cars reached a new high in August, and the contribution of new energy vehicles was 35.2%.According to the statistical analysis of the China Association of Automobile Manufacturers, in August 2021, automobile exports continued to grow at a high speed, and the monthly export volume reached a new high. Among them, the contribution of the export growth of new energy vehicles this month is 35.2%.

Institutional viewpoint

Bank of America Securities: maintain$Tencent (00700.HK) $Buy rating, target price of HK $626.BofA Securities reported that the mainland tightened restrictions on minors to log on to games, putting pressure on the game industry, but there are many approved games in large game developers, such as Tencent pipeline. the bank has assumed a limited contribution to Tencent's game revenue forecast for the second half of this year to the first half of next year, and has lowered its revenue forecast from this year to the year after next by less than 1.5%. To take into account the possibility of further delays in the launch of new games. The bank lowered Tencent's target price from HK $642 to HK $626, maintaining a "buy" rating.

China Bank International: maintain$Aikang Medical (01789.HK) $Buy rating, target price rises to HK $11.45.China Bank International Research newspaper pointed out that the target price of Aikang Medical was raised to HK $11.45 to maintain the buy rating. Joint products nationwide with volume purchase results announced yesterday (14), Aikang Medical in the volume procurement of all four types of initial hip and knee system products-related bidding procedures successfully won the bid, it is believed that the group's share in the redistribution market will have huge room for growth. The bank cut its net profit forecast for 2021-2023 by 4 per cent, 11 per cent and 2 per cent to reflect the impact of volume purchases, but is optimistic about long-term growth prospects and expects its comprehensive product portfolio and strong R & D capabilities to lead to a return to high growth after 2022.

Citigroup: more cautious and preferred to China's sportswear industry$Li Ning Co. Ltd. (02331.HK) $$Topsports International Holdings Limited (06110.HK) $According to a research report by Citigroup, China's retail industry may face more serious obstacles than expected during the holidays in late September and early October, and more local governments have advised residents to reduce outdoor activities due to the COVID-19 outbreak in Fujian. As a result, Citi is more cautious about China's sportswear industry, as retailers are likely to increase discounts in the fourth quarter to reduce inventory. The bank said it preferred Li Ning Co. Ltd. and Topsports International Holdings Limited to 2020.HK, arguing that sales of its Fila business were slowing and working capital was also under pressure. However, the impact on the FMCG category is expected to be limited, pointing out that in the second half of this year, we prefer daily necessities to non-essential consumer goods, while China Mengniu Dairy (2319.HK) and China Resources Beer (0291.HK) are still the first choice in the category of daily necessities.

Citi: global steel prices are likely to remain high into next year.Citi said global steel prices were likely to remain high into next year. The World Bank believes that the current rise in steel prices may be more than just a bubble. So far this year, the global average price has quadrupled from the bottom of last year. Citi said this reflected a very tight supply situation, a strong rebound in demand, which may have returned to pre-epidemic levels. Oil prices are likely to remain well above "normal" levels next year, given continuing bottlenecks in the supply chain and demand is expected to increase further as the economy reopens, it said.

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