Futu News on October 25, the Hang Seng Technology Index fluctuated in a narrow range in the afternoon and is now up 0.12% at 6762 points.

Kuaishou Technology rose by more than 7%. Nomura issued a report to maintain Kuaishou Technology's "buy" rating, raising the target price from HK $95 to HK $122. Kuaishou Technology's revenue in the third quarter of this year is expected to grow 31 per cent year-on-year to 20.1 billion yuan, in line with market expectations. As for the non-GAAP net loss forecast of about 6 billion yuan, better than the market expected loss of 7.2 billion yuan. In terms of user indicators, Nomura expects Kuaishou Technology's average number of daily active users (DAU) to grow 17% year-on-year to 317 million in the third quarter, mainly due to the summer vacation and the Olympic Games. Due to increased user engagement, the average daily time spent per DAU may grow from 25% to 110 minutes on a year-on-year basis.

XPeng Inc. rose more than 3% to an intraday high of HK $176.5, approaching the highest offer of HK $176.7 since the listing of Hong Kong stocks.

Meituan rose slightly by 0.07%. Nomura published a research report that expects Meituan's total revenue to rise 37 per cent year-on-year to 48.5 billion yuan in the third quarter, roughly in line with other brokerage expectations, while the consolidated non-GAAP operating loss is expected to be 6.4 billion yuan, equivalent to a loss of 1.08 yuan per share. The bank lowered its revenue forecast for this year and next by 3-4% to reflect lower income from other new businesses, while its profit margin forecast remained largely unchanged. Maintain the "buy" rating, raising the target price from HK $285 to HK $354 to reflect the increased valuation of the food delivery business.

Bilibili Inc. rose slightly by 0.08%. According to a research report released by Nomura, Bilibili Inc. 's income in the third quarter is expected to rise 61% year-on-year to 5.2 billion yuan, in line with market expectations. The operating loss rate of non-GAAP fell 1 percentage point year-on-year to 31%. It is expected that the non-GAAP net loss will expand by 60% year-on-year to 1.55 billion yuan, compared with market expectations of 1.53 billion yuan. The bank maintained its "buy" rating on u.s. stocks, raising its target price by 10% from $90 to $99.

BABA rose 0.06 per cent. At the 2021 IoT Cloud Integrated hardware and Application Innovation Summit, Aliyun IoT released the Link Visual cloud core integrated intelligent vision solution, announcing the upgrade of Link Visual from a single video cloud service platform to a core cloud integrated intelligent vision solution. Hou Fangyu, senior product solutions architect at Aliyun, said that the upgraded Link Visual will provide an integrated, open and intelligent Link Visual video cloud platform solution to accelerate the intelligence of intelligent vision devices.

XIAOMI fell 0.22% and Tencent fell 0.79%.

Other new economy stocks, New Oriental Education & Technology Group online fell nearly 4%, Ping An Healthcare And Technology fell more than 3%, JD Health, Alibaba Health Information Technology fell nearly 3%.

According to the Futuo Niuniu Hong Kong stock trading hot list today, the top stocks include Kuaishou Technology, Semiconductor Manufacturing International Corporation, Tencent, XIAOMI, BABA, Datang New Energy, Meituan, Evergrande and so on.