Evaluation of Hong Kong stocks

The three major indexes of Hong Kong stocks fluctuated throughout the day. The Hang Seng Index fell 0.25% to 25650 points, the National Index fell 0.35% to 9193 points, and the Hang Seng Technology Index fell 0.6% to 6672 points.

As of the close, Hong Kong stocks rose 891, fell 786, and closed flat at 947.

Plate aspectLarge-scale technology stocksUps and downs vary. Tencent and Bilibili Inc. are up more than 1%, Baidu, Inc. is up slightly, Meituan is down more than 1%, NetEase, Inc is down more than 3%, and JD.com is down nearly 1%.

Photovoltaic solar plateStrengthened in the afternoon, Shuifa Industrial Energy rose 5%, Xinte Energy and Flat Glass Group rose more than 2%.

Education UnitAll-day strong, New Oriental Education & Technology Group online rose more than 17%, New Oriental Education & Technology Group-S, Sikao Education rose more than 7%, and China Oriental Education rose more than 5%.

Auto parts plateTogether, Minshi Group rose by more than 13%, Dechang Mechanical and Electrical Holdings by more than 7%, Nestor by more than 7%, and Zheng Coal by more than 5%.

Biotechnology plateStronger, Tengsheng Bo Pharmaceutical rose by more than 13%, Platinum Pharmaceutical by more than 10%, Maibo Pharmaceutical by more than 8%, and Fuhong Hanlin by more than 7%.

In addition, Tesla, Inc. concept stocks, OLED concept stocks, automobiles, chip stocks built well, food, catering plate lower.

Individual stocks$Tengshengbo Medicine-B (02137.HK) $Pull up more than 13%, 3 days tired up more than 60%, CICC is optimistic that the company through the new crown neutralization antibody to achieve commercial transformation.

$Sunny Optical Technology (02382.HK) $It was down more than 4% in late trading, temporarily leading the decline in blue chips, and Xiaomo said it was challenging to achieve the annual shipping target.

$Guangzhou Automobile Group (02238.HK) $It rose by more than 7%, and total sales increased by more than 17% month-on-month in October. Institutions are optimistic that the shortage of chips will ease or meet the replenishment stage.

$Genscript Biotech Corporation (01548.HK) $It rose more than 4%, and Legend Biotech Corp's income in the first three quarters rose 45.6% from a year earlier to $50.8 million.

Blue Moon Group (06993.HK) $It rose by more than 6%, with eye-catching results on Singles Day, and the market share of detergent and hand sanitizer ranked first in a row.

$Minshi Group (00425.HK) $It rose 13%, and CICC reported that it was optimistic about the upgrading trend of interior accessories.

$Beijing Oriental Jingdian (00710.HK) $It has risen by more than 6%, and increased by more than 25% during the month, which has recently been included in the MSCI China small cap index.

$Sunny Optical Technology (02382.HK) $Down more than 4%, Xiaomo said it was challenging for the company to meet its full-year shipping target.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $155 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

The Ministry of Commerce talks about sustainable cooperation between China and Africa: give full play to its advantages and actively participate in the "Green Great Wall" project.

Qian Keming, vice minister of commerce, said that China is willing to give full play to its advantages and actively participate in the "Green Great Wall" sustainable development plan. China and Africa have signed a memorandum of cooperation in this field and established a pan-African "Green Great Wall" research center to conduct research on the natural conditions, desertification hazard factors and technological requirements of the "Green Great Wall" region. In the next step, China is willing to further strengthen policy coordination with Africa, implement cooperation projects in the areas of green and low carbon, clean energy, marine cooperation, and desertification prevention and control, carry out technical exchanges, and support Africa in improving its ability to adapt to climate change, jointly deal with global climate change and achieve sustainable development.

Us courts restore 201 tariff exemption for double-sided solar modules.

The United States International Trade Court (CIT) officially restored the tariff exemption for double-sided solar modules and reduced the tariff rate from 18% to 15% on November 16th. Under these two changes, the additional duties previously imposed will be refunded to the relevant companies. The US government initially granted a 201tariff exemption for double-sided solar modules in June 2019, but the Trump administration revoked the exemption in October 2020 and raised the 2011tariff rate to 18 per cent in announcement No. 10101. CIT said: "the previous announcement No. 10101... It not only constitutes an obvious misinterpretation of laws and regulations, but also goes beyond the scope of presidential authorization. "

China Construction Machinery Industry Association: in the future, according to the classification of ice and snow equipment, we will create a leader in the manufacture of various types of equipment.

The Ministry of Industry and Information Technology announced the plan for the establishment of the standardization working group of the ice and snow equipment industry. According to the preparatory plan, the China Construction Machinery Industry Association said that in the future, it will create a leader in the manufacture of ice and snow equipment according to the classification of ice and snow equipment, introduce advanced foreign manufacturing technology and domestic research and development, and constantly improve the self-control rate of high-end spare parts. build a standardization system for ice and snow equipment industry to lead manufacturing enterprises onto the fast track of development Build a national inspection and testing center for ice and snow equipment to serve the ice and snow equipment industry.

Jibang Consulting: it is estimated that about 1.39 billion smartphones will be produced in 2022, which is expected to return to the pre-epidemic level.

With global economic activity back on track in 2022, the fact that smartphones are close to the needs of people's livelihood will contribute to the industry's small growth, according to a survey by TrendForce Jibang Consulting. Overall, next year's smartphone market is still mainly driven by cyclical replacement demand and new demand from emerging countries, with annual production expected to reach 1.386 billion units, an annual growth rate of 3.8 per cent.

Institutional viewpoint

Bank of America Securities: l$NetEase, Inc-S (09999.HK) $The target price is HK $226, reiterating the buy rating.

Bank of America Securities released a report that NetEase, Inc launched a number of games in the second half of this year, including the key games "Forever robbery" and "Harry Potter: magic Awakening". The bank expects more revenue growth from new games to be confirmed in the fourth quarter of this year and the first quarter of next year. The bank said that some of the new games to be launched by the group, including Diablo, are based on the well-known IP (intellectual property rights). The group also reiterated its plans to expand its overseas operations and invest in research and development for its technology initiatives. BofA Securities raised its target price for NetEase, Inc's H shares from HK $199to HK $226,000, reiterated its buy rating, raised the group's sales forecast for this year to 2023 by 3 to 4 per cent, and slightly raised its earnings per share this year to reflect its performance in the third quarter. NetEase, Inc's earnings per share are expected to rise 18 per cent, 15.5 per cent and 30.8 per cent respectively.

Morgan Stanley: believe$Minshi Group (00425.HK) $The stock price will rise within 15 days, and the rating will be increased.

Morgan Stanley issued a report, believing that Minshi's share price will rise within 15 days, with a probability of 60% to 70%, with a target price of HK $44. According to the report, Minshi's share price has outperformed its peers by 10% to 20% so far this year, and is expected to catch up with the good news that chip shortages improve and trade tensions may ease. In addition, aluminum prices have adjusted 15 per cent since their mid-October peak, which will support Minshi's profit margin to continue to return to 2022, which is good for market investment sentiment.

UBS: there is no news on the Macau gaming license, but I think the direction is positive.

UBS Research newspaper pointed out that Macao Chief Executive he Yicheng's 2022 policy address yesterday did not provide any new information on gaming licences, but he pointed out that it was developing in a healthy direction and had no intention of causing trouble to operators. The bank believes that the relevant direction is positive. In addition, he Yicheng reiterated at a press conference that if the vaccination rate in Macao reaches 80%, tour groups can resume between several provinces and cities in the mainland and Macao. The Macao government is also negotiating with mainland Chinese authorities to restore online visas, which could significantly increase the number of people entering Macau through the individual visit scheme.

Morgan Stanley: metacosmos may bring 50 billion US dollars to the luxury industry.

Morgan Stanley pointed out in the report that the whole luxury industry will benefit when meta-universe comes. Digital demand for fashion and luxury brands will rebound from current low levels, increasing sales in the luxury industry by $50 billion by 2030. Morgan Stanley said: "the current digital revenue is not worth mentioning for luxury brands, but we think this situation will change." Meta-universe is still years away, but NFT and social games are good opportunities for luxury brands in the short term. "