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港股收评 | 科技股下挫,绿电概念股逆势大涨!金风科技涨近12%

Hong Kong stock review | Technology stocks fell, and Green Power concept stocks bucked the trend and surged! Goldwind Technology rose nearly 12%

富途資訊 ·  Oct 27, 2021 16:19

Evaluation of Hong Kong stocks

Futu News on October 27th, the three major indexes of Hong Kong stocks fell sharply, and the decline in weighted technology stocks put pressure on the market again. The Hang Seng Technology Index fell 3.19% to 6441 points, the Hang Seng Index fell 1.57% to 25628 points, and the National Index fell 1.79% to 9093 points.

By the end of the day, Hong Kong stocks were up 573, down 1304, to close flat.

Plate aspectTechnology stocks collectively weakened. Meituan and Bilibili Inc. fell by more than 5%, JD.com and Baidu, Inc. by more than 3%, and BABA, Tencent, Kuaishou Technology and XIAOMI by more than 2%.

The concept of green power is strong throughout the day. Xinjiang Goldwind Science & Technology is up nearly 12%, China Resources Power Holdings is up more than 8%, China Power is up more than 9%, and Huaneng International Power is up nearly 8%.

Education stocks fell, Yuhua Education fell by more than 19%, Chinese Education Holdings fell by more than 6%, China Oriental Education fell by more than 3%, and hope that education fell by more than 4%.

The Internet medical sector continued to decline in the afternoon, with Zhongan Online falling by more than 6%, Ping An Healthcare And Technology by more than 6%, Alibaba Health Information Technology by more than 6% and JD Health by nearly 3%.

Catering stocks fell in the afternoon, Haidilao International Holding fell more than 7%, quack feeding fell nearly 3%, Helens, Nai Xue, 99 Mao fell.

Individual stocks$Xinjiang Goldwind Science & Technology (02208.HK) $It rose nearly 12%, and the net profit of returning home in the first three quarters increased by 45.61% compared with the same period last year.

$Hong Kong China Gas (01083.HK) $The increase expanded, closing up nearly 12%, after HSBC Research released a research report saying that it maintained its "buy" rating and its profit forecast remained unchanged, with a target price of HK $6.7.

$Skyworth Group (00751.HK) $Continued to pull up in the afternoon, closing up more than 59%, the group previously released results show that in the first nine months, the company's overall turnover increased by 33.2% over the same period last year; the group's photovoltaic business income recorded 2.19 billion yuan, a sharp increase of 275% over the same period last year.

Tesla, Inc. concept stock$亿And holding (00838.HK) $It has risen by more than 17%, and has risen nearly 70% in the past two trading days. It is reported that since July this year, the company has directly supplied Tesla, Inc. and carried out mass production.

$Yuhua Education (06169.HK) $It fell more than 19 per cent after the company announced that it planned to raise HK $922 million through a rights issue of HK $4.19 (a discount of about 11.97 per cent from the previous day's closing price).

$Yihai International (01579.HK) $It fell by more than 12%, and fell by nearly 19% in the past three days. Bank of America Securities had previously lowered its target price for Haidilao International Holding to HK $28.7 from HK $34, reiterating its neutral rating.

$INNOVENT BIO (01801.HK) $Fell more than 8%, announced yesterday that its Dabeshu (Xindi Monoclonal Antibody) achieved sales of about 800 million yuan in the third quarter of this year.

$Aluminum Corporation Of China Ltd (02600.HK) $Down more than 7%, industry insiders said that the company's net profit in the first three quarters increased 10 times, high profits in the fourth quarter may be difficult to sustain.

$colorful life (01778.HK) $Down more than 35%, the company announced yesterday that 100% stake in Neighbourhood Lok Holdings Group has been transferred to Country Garden Holdings property, and trading resumed today.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $2.218 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

New Office of the State Council: China's share of non-fossil energy consumption has increased to 15.9%, making it the world's largest new photovoltaic market for eight years in a row.The Information Office of the State Council issued a white paper entitled "China's policies and actions to deal with Climate change" on the 27th. According to the white paper, as the largest developing country in the world, China has implemented a series of strategies, measures and actions to deal with climate change and achieved positive results in dealing with climate change. In 2020, China's carbon emission intensity decreased by 18.8% compared with 2015, exceeding the 13th five-year Plan binding target, basically reversing the rapid growth of carbon dioxide emissions. The proportion of non-fossil energy in total energy consumption in China has increased to 15.9%, becoming the largest new photovoltaic market in the world for eight consecutive years, the country with the largest growth in forest resources and the largest area of artificial afforestation, and the main force of "greening" in the world.

President of the Coal Industry Association: to maintain the smooth operation of the coal market, prices have fallen steadily.Liang Jiakun, secretary of the party committee and president of the China Coal Industry Association, called on the coal industry to conscientiously implement the decision-making arrangements of the CPC Central Committee and the State Council, take positive and effective measures to ensure a safe and stable supply of coal this winter and next spring, and ensure the warm winter of the people through the winter. to maintain the smooth operation of the coal market. With regard to specific measures, Liang Jiakun pointed out: first, it is necessary to ensure that coal production only increases but not decreases; second, it is necessary to ensure that the exchange rate of medium-and long-term contracts only increases, and that coal market prices fall steadily; third, it is necessary to ensure safe production in coal mines; and fourth, we should be concerned about the lives of coal mine workers.

China Automobile Association: in the first three quarters of 2021, the total import and export volume of automobile goods was 150.27 billion US dollars, an increase of 46.1 percent over the same period last year.Of this total, imports of automobile goods totaled US $70.83 billion, up 33.5 percent over the same period last year, and exports of automobile goods totaled US $79.44 billion, up 59.5 percent over the same period last year.

The National Health Commission openly solicited opinions on the detailed rules for the supervision of Internet diagnosis and treatment (draft for soliciting opinions).The charging items and standards of medical services for Internet diagnosis and treatment shall be publicized on the Internet to facilitate patients' inquiry.

Institutional viewpoint

Deutsche Bank: the Hang Seng Index is expected to rise to 37000 by the end of 2022.At present, the Hang Seng Index is in a tug-of-war near 26000, but the main force of this sharp rebound is technology Internet stocks previously affected by the policy. The Hang Seng Index is expected to hit 37,000 by the end of 2022, while setting the target for the Hang Seng China Enterprises Index at 14000, Deutsche Bank reported on Tuesday. As of press time, the Hang Seng Index is at 25607, which also means that the Hang Seng Index will have nearly 30 per cent room to rise in the future.

Daiwa: l$Yongda Motor (03669.HK) $The target price is HK $25 and the profitability of the third quarter is better than expected.According to the Daiwa research report, Yongda's profitability in the third quarter of this year is better than expected, and sales in the fourth quarter of this year are expected to record a year-on-year decline in the number of units. In view of the narrowing of price discounts due to tight supply, it is estimated that the gross profit margin on new car sales in the third quarter increased by 1 to 2 percentage points on a quarterly basis, and the overall gross margin is expected to increase by 1.7 percentage points to 12% on a year-on-year basis. The bank raised the target price of Yongda Motor from HK $24 to HK $25, reiterating its "buy" rating. The bank said it expected to sell 17000-18000 electric cars this year, up 20 per cent year-on-year. In addition to XPeng Inc. and Weimar, the company also plans to cooperate with Huawei Selis, pointing out that the gross profit margin of the electric vehicle business is generally high at 7-8%, but the after-sales revenue of electric vehicles is still on a small scale because of the short operating cycle. The bank added that it would cut its revenue forecast for this year by 10 per cent and its forecast for new car sales this year from 167000 to 147000 because of chip shortages that could continue into the first half of next year. However, due to the improved profitability of new car sales, the net profit forecast for this year has been raised by 5%.

Moto: maintenance$HSBC Holdings PLC (00005.HK) $Increase the rating and raise the target price to HK $57.JPMorgan Chase & Co released a report that HSBC Holdings PLC's performance in the third quarter was better than market expectations, and management was optimistic about future growth, asset quality and capital management at the analyst meeting. The bank pointed out that the interest rate increase led to an improvement in the interest rate outlook, coupled with the fact that currency Control said there would be further buybacks, confidence in asset quality, and positive growth prospects, the bank raised its full-year earnings forecast for this year, 2022 and 2023 by 3%. The target price was correspondingly raised from HK $52 to HK $57, while the rating remained "overweight".

Credit Suisse: downgrade$Alibaba Health Information Technology (00241.HK) $The target is nearly 30% to HK $15, which is lower than expected.Credit Suisse published a research report that Alibaba Health Information Technology issued a profit warning earlier and expected a medium-term net loss of no more than 320 million yuan, compared with a net profit of 279 million yuan in the same period last year, worse than the bank's expectations. The bank maintained its "better than market" rating but lowered its target price by 28.57 per cent from HK $21 to HK $15. Credit Suisse points out that the reason for the company's turning from profit to loss is to increase investment in innovative business, supply chain, research and development, marketing and promotion expenses. The bank believes that the company's revenue growth is also full of pressure, the investment is very important to the company's long-term competitiveness, but will have a negative impact on profits in the short to medium term. The company's growth is now mainly driven by online drug sales, lowering its earnings per share forecasts for 2021-23 by 248%, 161% and 81%, respectively, to reflect forecasts for adjusting B2C business income growth, operating expenses and tax rates. The stock is now trading at HK $10.32, with a total market capitalization of HK $139.2 billion.

Bank of America Securities: reiterate$WH Group Limited (00288.HK) $Buy rating, target price reduced to HK $7.6.Bank of America Securities reported that Wanzhou's third-quarter income and after-tax net profit rose 7% and fell 28% respectively, below market expectations. The bank cut its earnings per share forecast by 11 per cent in 2021 and raised it by 3 per cent in 2022 to reflect expectations of falling earnings and recent share buybacks. It also pointed out that Wanzhou shares have outperformed the Hang Seng Index by 15% so far this year, and the current price is only 6 times the forecast price-earnings ratio for 2022, which is at an all-time low. After the weak earnings performance in the past two quarters, the third quarter is expected to hit bottom. It is believed that earnings will resume in the fourth quarter and next year, reiterating its "buy" rating and lowering its target price from HK $8.9 to HK $7.6. The stock is now trading at HK $5.29, with a total market capitalization of HK $67.872 billion.

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