Evaluation of Hong Kong stocks

Futuo News, November 9 | Hong Kong stocks rebounded in the afternoon, the three major indexes rose again, and the overall market mood was lacklustre. The Hang Seng Index rose 0.2 per cent to 24813, the National Index rose 0.14 per cent to 8806 and the Hang Seng Technology Index rose 0.45 per cent to 6221.

As of the close, Hong Kong stocks rose 1003, fell 851, and closed flat at 977.

On the plate side, large technology stocks are weakening.Kuaishou Technology and JD.com fell more than 1%, Meituan and BABA fell slightly, XIAOMI closed flat, and Tencent rose slightly.

The semiconductor plate pulled up in the afternoon.Semiconductor Manufacturing International Corporation is up nearly 4%, Hua Hong Semiconductor is up nearly 4%, and Shanghai Fudan is up more than 16%.

Some biomedical stocks expanded in the afternoon.The pioneering pharmaceutical industry rose by more than 22%, Wuxi Biologics by more than 10%, Yao Ming Junuo by more than 7%, INNOVENT BIO and Pharmaron Beijing Co., Ltd.* by more than 8%, and Wuxi Apptec by more than 4%. It is reported that the 2021 national health insurance negotiations will begin on November 9 and end on November 11 for three days.

Auto stocks rose generally.China Evergrande New Energy Vehicle rose by more than 4%, ideal by more than 3%, XPeng Inc. by nearly 3%, Geely Automobile and Byd Company Limited by more than 2%, and the Great Wall by more than 1%.

Sporting goods stocks strengthenXtep rose by more than 6%, Anta by more than 3% and Li Ning Co. Ltd. by more than 2%.

Individual stocks$Wuxi Biologics (02269.HK) $Up more than 10%, Credit Suisse maintained its "outperform" rating with a target price of HK $151.

Shanghai Fudan (01385.HK) $Last trading rose more than 16%, the third-quarter results greatly exceeded expectations, FPGA benefited from strong demand for domestic alternatives.

$Dream creation (01119.HK) $It rose by more than 4% and was authorized by Tencent's "QQ series image" fashion play product.

$Sihuan Medicine (00460.HK) $Up nearly 7%, clopidogrel hydrogen sulfate tablets (75 mg) were approved for production and listing.

$Geely Automobile (00175.HK) $It rose by more than 2%, and sales of new energy vehicles increased by about 36% in October compared with the same period last year.

$Bilibili Inc.-SW (09626.HK) $Up nearly 2%, Guosheng Securities gave it a target price of HK $799, and S11 is expected to boost Q4 business.

$100 million and holding (00838.HK) $It rose by more than 23%, and the stock rose nearly 220% in nearly 11 trading days, and Tesla, Inc. 's business line income is expected to exceed 600 million yuan.

Secondary new shares$minimally invasive robot-B (02252.HK) $It has risen by more than 20% to a new high, and has risen by more than 30% since it went public.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $540 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ten departments: vigorously promote clean and low-carbon transformation in key industries.Ten departments, including the National Development and Reform Commission, jointly issued the National Cleaner production implementation Plan of the 14th five-year Plan, which proposes to vigorously promote clean and low-carbon transformation in key industries. Strictly enforce legal and regulatory standards such as quality, environmental protection, energy consumption and safety, and accelerate the elimination of backward production capacity. Comprehensively carry out cleaner production audit, evaluation and certification, promote "one line, one strategy" green transformation and upgrading of key industries such as energy, iron and steel, coking, building materials, non-ferrous metals, petrochemical industry, printing and dyeing, papermaking, chemical raw materials, electroplating, agricultural and non-staple food processing, industrial painting, packaging and printing, and speed up the implementation of energy-saving, water-saving, material-saving, pollution reduction, carbon reduction and other systematic cleaner production transformation in stock enterprises and parks. Under the premise of unified national planning, we will support key industries with qualified conditions to take the lead in reaching the peak in carbon dioxide emissions. 100 enterprises have been selected to carry out cleaner production transformation projects in iron and steel, coking, building materials, non-ferrous metals, petrochemical and other industries, promoting a number of key enterprises to reach the international leading level of cleaner production.

Two departments: vigorously develop characteristic APIs and innovative APIs, and encourage superior enterprises to become bigger and stronger.The National Development and Reform Commission and the Ministry of Industry and Information Technology issued a circular on the implementation plan to promote the high-quality development of the API industry. The plan proposes to vigorously develop characteristic API and innovative API, and increase the proportion of new products and high value-added products. We will promote the large-scale and intensive development of API production, encourage advantageous enterprises to become bigger and stronger, and enhance industrial concentration. Guide the development of new business type in the field of API specialized contract R & D and production services.

Institutional viewpoint

Credit Suisse: reiterate$Great Wall Motor (02333.HK) $Outperform the market rating with a target price of HK $41.Credit Suisse released a research report reiterating that Great Wall Motor outperformed the market rating with a target price of HK $41. The company's wholesale volume fell 17% in October from a year earlier, up 12% from a month earlier, due to an increase in chip supply. The bank believes that in the face of a shortage of core components, Changqi's product portfolio has improved, giving priority to the supply of products with higher prices and high profit margins, with monthly sales of its high-end brands WEY Mocha, Tank 300 and Ola Haomao up 26 per cent, 24 per cent and 54 per cent respectively from a month earlier. The bank said that the backlog of orders for high-end brands of Changqi continued. Changqi plans to launch 60 new products within three years and 20 new products in 22-23. Although the chip supply is still tight, but Changqi refers to the chip supply is beginning to improve, the company is also looking for alternative chip suppliers.

CICC: the material country means that there will be double-digit upstream space in the coming year, the first choice$Tencent (00700.HK) $Wait for 16 shares.CICC said in its 2022 outlook report that after a short-lived rally in early 2021, Hong Kong stocks, especially the Internet technology sector represented by the Hang Seng Technology Index, have been pulling back since February. Looking forward to 2022, despite the dependence of internal and external uncertainties, it is considered that the comparative advantages of overseas Chinese stocks have emerged, especially in the context of falling prices and the growth plate may become the main line. In the coming year, the bank expects double-digit upside for both the Hang Seng China index and the MSCI China index, mainly from a profit contribution of about 9 per cent and an 8 per cent and 5 per cent valuation expansion. The bank also makes a list of the preferred portfolios of overseas Chinese stocks, including$Tencent (00700.HK) $、$Country Garden Services Holdings (06098.HK) $、$Sunny Optical Technology (02382.HK) $、$Industrial and Commercial Bank of China (01398.HK) $、$Li Ning Co. Ltd. (02331.HK) $、$China Mengniu Dairy (02319.HK) $、$Tingyi (00322.HK) $、$AIA Group Limited (01299.HK) $、$Tigermed (03347.HK) $、$Yadi Holdings (01585.HK) $、$Haier Smart Home (06690.HK) $、$China Resources Beer (00291.HK) $、$Zai Lab Limited-SB (09688.HK) $、$Man Wah (01999.HK) $、$INNOVENT BIO (01801.HK) $及$ANTA Sports Products (02020.HK) $。