Evaluation of Hong Kong stocks

Futu Information on October 19 | the three major indexes of Hong Kong stocks opened higher, and the gains were further expanded in late trading. By the close, the Hang Seng Index was up 1.49 per cent at 25787, the national index was up 1.84 per cent at 9136, and the Hang Seng Technology Index was up 3.07 per cent at 6518.

As of the close, Hong Kong stocks rose 1189, fell 720, and closed flat at 921.

Plate aspectLarge-scale technology stocks collectively strengthened. Bilibili Inc. rose by more than 12%, Kuaishou Technology by more than 9%, XIAOMI by more than 5%, Meituan by nearly 2%, BABA by more than 1%, and Tencent slightly.

The concept stock of Green Power rose strongly, Datang New Energy rose by more than 8%, CGN New Energy and China Longyuan Power Group Corporation rose by more than 7%, China Resources Power Holdings by more than 2% and Xinjiang Goldwind Science & Technology by more than 1%.

Sporting goods stocks are strong, Xtep is up more than 7%, ANTA Sports Products is up more than 3%, Li Ning Co. Ltd. is up more than 2%, Topsports International Holdings Limited, 361 degrees are up.

Apple Inc's concept stock rose collectively, BYD Electronic led the rise by more than 10%, Gao Wei Electronics rose by more than 7%, and Sunny Optical Technology rose by more than 4%.

Tobacco concept stocks continued to rise, BYD Electronic rose more than 10%, Smoore International Holdings Limited rose more than 8%, Huabao International rose nearly 4%, China Bolton rose nearly 2%, China Tobacco Hong Kong rose slightly.

Dairy stocks rose, modern animal husbandry rose by more than 15%, China Feihe Limited by more than 8%, Youran animal husbandry by more than 7%, and China Mengniu Dairy by more than 2%.

Most auto stocks rose, with Geely Automobile up more than 2%, XPeng Inc., Byd Company Limited and Li Auto Inc. up more than 1%.

Individual stocks$Tencent (00700.HK) $It rose in the afternoon, hitting the HK $500 mark at one point.

$COSCO Shipping Holdings (01919.HK) $Up more than 7%, Morgan Stanley maintained its target price of HK $21.2, with a rating of "overweight".

$Datang New Energy (01798.HK) $It rose by more than 8%, and electricity generation accelerated in the first three quarters.

$CSPC Pharmaceutical (01093.HK) $It has increased by more than 5%, and "Apexaban tablets" has been issued by the State Drug Administration for drug registration.

$Dongyue Group (00189.HK) $It has increased by more than 6%, and increased by more than 24% in four days. Recently, it has been increased by senior executives and preferred by Credit Suisse.

$Shenzhou International Group (02313.HK) $Rebounded by more than 5%, Vietnam factory capacity is expected to fully recover.

$Yao Ming Gu Nuo-B (02126.HK) $It has soared nearly 6%, and the first domestic "autologous CAR-T cell drug supply chain management standard" was implemented yesterday.

$Kangfang Bio-B (09926.HK) $It has risen by more than 6%, and six latest research results will be released on SITC 2021.

$01610.HK (Cofco) $It rose nearly 5%, and the Ministry of Commerce said wholesale pork prices rose 6.8% month-on-month last week.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $585 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ministry of Industry and Information Technology: resolutely implement the policy of capacity replacement and promote the reduction and efficient use of fossil energy in the industrial sector in an orderly manner.Luo Junjie, spokesman for the Ministry of Industry and Information Technology, said that in the next step, the Ministry of Industry and Information Technology will strengthen the monitoring of industrial economic operation and dispatch, analyze the difficulties faced by industry enterprises, and promptly study and put forward policy measures and suggestions. We will resolutely implement the policy of replacing steel, cement and other production capacity, cooperate with relevant departments to implement the orderly use of electricity in high energy-consuming industries, and continue to promote the optimization and adjustment of the industrial structure. We will strengthen the two-wheel drive of "energy-saving supervision and energy-saving diagnosis", speed up the transformation and upgrading of energy-saving technologies, orderly promote the reduction and efficient use of fossil energy in the industrial sector, vigorously promote industrial energy conservation and efficiency, and promote the green and low-carbon development of the industry.

Ministry of Industry and Information Technology: the automotive industry is expected to ease in the fourth quarter compared with the third quarter due to the shortage of chips.Luo Junjie, spokesman for the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said that so far, the automobile industry has been obviously affected by the chip shortage, but considering various intentions, it is expected that there will be some relief in the fourth quarter compared with the third quarter.

Ministry of Industry and Information Technology: the Action Plan for the Integration of Virtual reality and Industry applications will be prepared.Today, Wang Zhijun, vice minister of the Ministry of Industry and Information Technology, said at the 2021 World VR Industry Conference Cloud Summit that he would draw up an action plan for the integrated development of virtual reality and industry applications, dig deep into innovative applications with potential commercial promotion value, and cultivate advantageous industrial clusters with their own characteristics. We will improve virtual reality standards and evaluation systems, build an industrial public service platform, cultivate leading enterprises that play a leading role, and support innovative small and medium-sized enterprises to accelerate their development.

Institutional viewpoint

Morgan Stanley: material$Bilibili Inc.-SW (09626.HK) $Last quarter, income rose 64% year-on-year to beat the guidelines, with the estimated MAU rising to more than 260 million households.

According to the Morgan Stanley report, Bilibili Inc. 's income in the third quarter of this year is expected to be 5.29 billion yuan, up 64% year-on-year (18% on a quarterly basis), which is better than the upper limit of the guidelines, which is also in line with market expectations, benefiting from user growth and non-online gaming business. the bank's forecast for the company from 2021 to 2022 remains largely unchanged. The bank estimates that the number of monthly active users (MAU) of Bilibili Inc. rose 13% to more than 260 million in the third quarter of this year, equivalent to an annual growth rate of more than 30%, mainly driven by better content push and seasonal factors. Big Motors expects Bilibili Inc. 's online gaming revenue to rise 12 per cent year-on-year in the third quarter of this year (up from 15 per cent), benefiting from the launch of three projects in the second quarter and the anniversary of the joint release of Harry Potter and the original God in September. It is estimated that the company's advertising revenue rose 128% year-on-year last quarter, down from the first half of this year, mainly due to a high base. The bank maintains an overweight rating on Bilibili Inc. 's US stocks and a target price of $100,000,000, equivalent to six times the forecast price-to-sales ratio.

Big Motors: maintain$COSCO Shipping Holdings (01919.HK) $The target price is HK $21.2, with a rating of "overweight".

Morgan Stanley issued a report that COSCO Shipping Holdings announced that the controlling shareholder, China Ocean Shipping, had increased its holdings of 7.9 million A-shares in the company yesterday (18), and planned to continue to increase its A-shares and H-shares in the next six months, with a total amount of RMB 1 billion to 2 billion yuan, and promised not to reduce its holdings in the company during the implementation period and within the legal time limit. Morgan Stanley believes that the parent company's plan to increase holdings is expected to support COSCO Shipping Holdings's share price, with a target price of HK $21.20 and a rating of "overweight".

Credit Suisse: upward adjustment$Shenzhou International Group (02313.HK) $To the "outperform market" rating, the target price rose 12.5% to HK $188.

Credit Suisse released a research report sayingIt is understood through industry channels that the equipment utilization rate of the company's Vietnamese factories is recovering, and the equipment utilization rate of the clothing and fabric departments has recovered to 80% and 90% respectively. It is estimated that the equipment utilization rate will return to normal in November. It is believed that the recovery can be better than that of the same industry (the utilization rate is between 40% and 50%).Credit Suisse said that the weak demand in the sports industry, that Shenzhou in the industry is the most defensive, believe that the share price has reflected the rising cost of cotton factors. The bank expects the impact of the company's electricity restrictions on the mainland to be limited, referring to the normal operation of its factories and that the electricity price is only equivalent to 5% of the cost of sales.

HSBC Research: downgrade$ANTA Sports Products (200) (02020.HK) $Target price to HK $159.8, rating buy.

According to a report released by HSBC, Anta reported third-quarter sales and due to various adverse factors, Fila's annual growth slowed to 5 per cent from 51 per cent in the first half. Anta cut its profit forecast by 13 to 17 per cent from 2021 to 2023 as lower-than-expected Fila growth led to a decline in profitability. The target price has also been lowered from HK $198.6 to HK $159.8. Given the weak growth of the Fila brand, it is expected to grow at an annual rate of only 7 per cent in the second half of the year, with compound annual growth forecast falling from 25 per cent to 21 per cent from 2021 to 2023, according to HSBC research. The bank cut Anta's profit forecasts for 2021, 2022 and 2023 by 13 per cent, 15 per cent and 17 per cent respectively, and its revenue forecasts by 3 per cent, 7 per cent and 9 per cent respectively.