Evaluation of Hong Kong stocks

Futu Information on October 18 | Hong Kong stocks rose in late trading, and the three major indexes all recovered their intraday losses. By the close, the Hang Seng Index was up 0.31 per cent at 25409, the National Index was up 0.06 per cent at 8971, and the Hang Seng Technology Index was up 0.08 per cent at 6324.

As of the close, Hong Kong stocks rose 933 today, fell 961, and closed flat 937.

Plate aspectLarge technology stocks were higher in late trading. Baidu, Inc. rose by more than 4%, Tencent by 0.28%, BABA by 0.68% and XIAOMI by 0.47%.

Hao gambling stocks rose against the trend, and Macao lifted the special measures to close some entertainment venues on the 19th. Wynn Macau rose more than 4 per cent, Galaxy Entertainment and Sands China rose more than 3 per cent, and SJM Holdings rose nearly 3 per cent.

Sporting goods stocks are collectively strong, with Bosideng International up nearly 8%, ANTA Sports Products up more than 4%, Topsports International Holdings Limited up more than 3%, and Li Ning Co. Ltd. nearly 3%.

Coal stocks were collectively strong, led by Yanzhou Coal Co., Ltd., China Shenhua Energy by more than 6%, Jiutai Bangda Energy by nearly 6%, and China Coal Energy by more than 5%.

Shipping stocks were strong throughout the day, with Pacific Shipping up nearly 11 per cent, Orient Overseas up more than 9 per cent, COSCO Haineng up more than 7 per cent and SITC International Holdings nearly 4 per cent.

Non-ferrous metals stocks rose generally, Chinalco International rose by more than 12%, China Molybdenum by 7% and Zijin Mining Group by more than 4%.

Power stocks were in the doldrums throughout the day, with China Resources Power Holdings down more than 6%, China Electric Power down nearly 6%, and CGN Power Co.,Ltd. and Huaneng International Power down more than 3%.

Individual stocks$XPeng Inc.-W (09868.HK) $Continued to rise nearly 5%, 7 days cumulative increase of more than 23% out of the reversal market.

$Bosideng International (03998.HK) $Rose nearly 8%, the strongest "cold air" hit, the agency said that under the cold wave is optimistic about clothing sales performance in the fourth quarter.

$CANSINOBIO-B (06185.HK) $It rose by more than 8%, revealing the latest clinical research progress of "Keweisha" inhaled form COVID-19 vaccine.

$China Shenhua Energy (01088.HK) $It rose by more than 6%, and coal sales in the first nine months were 361.6 million tons, an increase of 11.8% over the same period last year.

$Sihuan Medicine (00460.HK) $It rose nearly 5% to buy back 14.371 million shares at a cost of HK $23.1114 million.

$Medical thinking and Health (02138.HK) $Up more than 5%, HSBC Research raised its target price to HK $15.50 and recently announced that it expects overall sales of no less than HK $1.52 billion in the past six months.

Chongqing Iron and Steel Co. (01053.HK) $Steel stocks rose nearly 6%. CICC said the impact of the electricity price rise was limited, and the Q4 sector may be more profitable than expected.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $102 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ministry of Education: the statement of "shortening the academic system" in the experimental area for the comprehensive reform of online basic education is not true.Recently, the Ministry of Education issued a circular on the establishment of experimental areas for comprehensive basic education reform of the Ministry of Education, and decided to establish experimental zones for comprehensive basic education reform of the Ministry of Education in 12 provinces, municipalities and autonomous regions, the Ministry of Education announced. After the release of the notice, Weibo Corp and Wechat accounts posted false content that "the experimental area will explore measures such as shortening the academic structure and completing basic education before senior high school." Each experimental area refutes the rumor one after another, and reminds netizens not to accept the information of unofficial channel easily.

Bureau of Statistics: the demand for pork consumption will increase in the next stage.Fu Linghui, spokesman for the National Bureau of Statistics, said on October 18 that since the beginning of this year, pig production has continued to recover, production capacity has continued to expand, and related prices have declined. Generally speaking, in the next stage, with the continuous increase in the demand for meat pickling in some areas, coupled with the boost of New Year's Day and Spring Festival consumption, pork consumption demand will increase. At the same time, the second round of frozen pork collection and storage by the central government this year is about to start, which is conducive to pork price stability.

Double 11 Taobao shopping cart is expected to be shared directly to Wechat moments.A reporter from Science and Technology Innovation Board Daily learned that Taobao shopping cart is expected to be shared directly to Wechat moments during the Singles' Day holiday. The reporter learned from several sources that Taobao's click-to-share shopping cart function will be launched on October 27, and the open team is already testing Wechat's group chat, moments and other sharing paths. Previously, the Ministry of Industry and Information Technology called for interconnection between Internet platforms. As the first double 11 after the New deal, the connection between Taobao and Wechat is expected to bring more convenience to consumers.

Tesla, Inc. in the United States once again extended the delivery time of models on sale, up to 11 months.Tesla, Inc. 's official website shows that Tesla, Inc. 's delivery time in the United States has been postponed again, and most models have been delayed by 2-3 months than previously expected. For example, the purchase of Model-X now will take September 2022 to deliver, compared with the previously promised delivery period of May-June next year.

Institutional viewpoint

Goldman Sachs Group: due to high oil prices and tight inventory, commodity prices may continue to rise.

Goldman Sachs Group said high oil prices were likely to push up commodity prices generally, with energy-intensive commodities such as aluminium, cotton and copper most likely to get a boost. As commodity inventories are increasingly tight, input cost inflation has pushed up the prices of these three commodities, and supply chain problems are exacerbating commodity price inflation. Temporary shocks seem to persist, with frequent small shocks leading to persistent commodity price inflation.

ANZ: production is cut due to power shortage, copper and zinc prices rise.

ANZ said base metals and zinc lead rose in early Asian trading after Glencore said it would cut production at its European zinc smelter. Earlier, metal producer Nyrstar also said it was reducing zinc production due to the pressure of energy shortages. Base metal prices are expected to be supported by rising production costs. Energy consumption in metal smelting is relatively high, and concerns about weak demand have been offset by soaring carbon prices. Zinc for three-month delivery on the London Metal Exchange (LME) rose 0.9 per cent to $3830 a tonne and copper rose 0.4 per cent to $10326.5 a tonne.

UBS: to$Tencent (00700.HK) $Buy rating with a target price of HK $630.

UBS reported that it lowered the target price of Tencent from HK $650 to HK $630, with a "buy" rating, to reflect the 4-6 per cent cut in Tencent's 2021-23 profit forecast. UBS cut Tencent's mobile game revenue forecast by 5 per cent for the fourth quarter and beyond, partly reflecting the delay in League of Legends's mobile games and liquidity ability, but maintained its forecast of 10 per cent year-on-year growth in the third quarter.

HSBC Research: health$Chow Tai Fook Jewellery (01929.HK) $Rating to hold, raising the target price to HK $18.2.

HSBC Global Research said in a report that while full of confidence in Chow Tai Fook Jewellery's growth prospects, the positive catalyst may have been reflected in the current share price, so the bank downgraded its investment rating from buy to hold. The target price was raised from HK $17.50 to HK $18.20, which is equivalent to a composite price-to-earnings ratio of 22.4 times (previously 20.4 times). The bank said that the revenue forecast was raised due to the inclusion of the company's higher new point of sale, but that Chow Tai Fook Jewellery's net profit forecast for the 2022-2024 fiscal year would be slightly reduced by 1 to 5 per cent because of the expected decline in profit margins.

JPMorgan Chase & Co: maintain$AIA Group Limited (01299.HK) $The "overweight" rating was lowered by 13 per cent to HK $110.

JPMorgan Chase & Co said in a research report that it maintained AIA Group Limited's "overweight" rating, lowered its target price by 13 per cent from HK $127to HK $1100.It lowered its forecast for the value of new business this year to US $3.261 billion, which it thought would be a weak performance. it also forecasts that the value of new business of AIA will be US $742 million in the third quarter of this year (up 5 per cent year-on-year at real exchange rates). The bank pointed out that the approval of AIA's Hubei branch in China will promote its sales recovery in the next two to three years.