Phoenix New Media Hong Kong stocks | Today, the Hang Seng Index opened low and fell as a whole, with obvious intraday shocks. By the close, the Hang Seng Index closed down 1.2% at 24651 points, the State-owned Enterprises Index fell 1.14% at 8827 points, and the Hang Seng Technology Index fell 1.36% at 6323 points.
Among blue chips, Hengan Internationgal Group (01044) rose 4.30%, Haidilao International Holding (06862) rose 3.60%, CK Asset (01113) rose 3.38%, Li Ning Co. Ltd. (02331) fell 5.42%, ANTA Sports Products (02020) fell 4.76%, and Alibaba Health Information Technology (00241) fell 4.27%.
Tobacco concept stocks rose against the market in early trading, with China Bolton (03318) up 53.21%; Huabao International (00336) up 15.00%; Smoore International Holdings Limited (06969) up 14.55%; and BYD Electronic (00285) up 7.78%. According to the public platform of the National Standard Information Service, the status of the National Standard for Electronic cigarettes (20171624-Q-456) has been changed to being drafted, while the Gas Chromatography Standard for the determination of nicotine, Propylene Glycol and Glycerol in Electronic cigarette Liquor (20172264-T-456) is still being approved. Earlier, media said that e-cigarette companies revealed that they had been invited to participate in the consultation meeting on compulsory national standards for e-cigarettes, but the specific content and progress had not yet been announced. According to the analysis of the industry, after the release of the international standard for e-cigarettes, it will further standardize the development of the e-cigarette industry, improve the quality of e-cigarette products, enhance the technical threshold and quality testing capabilities, and ensure the long-term and sustainable development of the industry.
Most coal stocks strengthened, with afternoon gains narrowed. Yanzhou Coal (01171) rose 3.19%; China Coal Energy (01898) rose 2.44%; Mongolia Coking Coal (00975) rose 1.60%; China Shenhua Energy (01088) rose 1.47%. On the news, the National Development and Reform Commission said recently that at present, a series of measures to guarantee supply and stabilize prices have achieved immediate results. In terms of ensuring supply, the relevant departments have vigorously promoted the increase in coal production and supply, accelerated the release of high-quality coal production capacity, the national coal output and market supply have continued to increase, and the daily output of coal dispatching has stabilized at more than 12 million tons, setting a record high in a row.
Some Apple Inc concept stocks fell, BOE Jingdian (00710) fell 12.25%; Qiu Ti Technology (01478) fell nearly 2.87%; Sunny Optical Technology (02382) fell 0.60%. On the news side, research and research firm Counterpoint Research reported that Apple Watch shipments are expected to decline by 10% in the third quarter compared with the same period last year. Apple Watch Series 7 was released in September, but only went on sale in October. In the weeks between the release and the launch, consumers' willingness to buy declined, affecting Apple Watch sales for nearly a month.
Education stocks rose further in the afternoon, led by 25.69% in thinking Music Education (01769), 10.83% in Guangzheng Education (06068), 5.66% in Hope Education (01765), 5.45% in New higher Education Group (02001), 4.87% in New Oriental Education & Technology Group (09901), 4.24% in New Oriental Education & Technology Group online (01797) and 3.21% in Tianli Education (01773).
Autohome Inc (02518) rose 4.72% to 72.15 yuan. Credit Suisse reported that the company's third-quarter performance was in line with expectations, with revenue falling 24% to 1.7 billion yuan and non-GAAP adjusted net profit of 583 million yuan. But the company expects a limited recovery in the fourth quarter, with expected revenue falling 32% due to chip shortages. The bank is still worried about the uncertainty of the chip supply shortage next year, and it is expected that the new investment will also limit Autohome Inc's profit growth. It has decided to lower its profit forecast for Autohome Inc from 2021 to 2023 by 3% to 4%, and the target price will be reduced from 77 Hong Kong dollars to 73 Hong Kong dollars. This has reflected most of the above factors and maintained a "neutral" rating.
New Oriental Education & Technology Group online (01797) reported 8.85 yuan, up 4.24%. According to the latest equity disclosure information of the Stock Exchange, on November 18, New Oriental Education & Technology Group online received Yu Minhong to increase his holdings of 2.143 million shares at an average price of HK $7.031 per share, involving a capital of about HK $15.0674 million. In addition, on November 17th, Yu Minhong has increased his holdings of 1.429 million shares of New Oriental Education & Technology Group online.
JD Logistics, Inc. (02618) fell 5.35% to HK $28.30. The previous financial report showed that JD Logistics, Inc. Q3 had an operating loss of 726.6 million yuan (RMB, the same below), compared with a profit of 83.249 million yuan in the same period last year. Revenue was 25.75 billion yuan, compared with 17.96 billion yuan in the same period last year, an increase of 43.4 percent over the same period last year. According to a research report released by Daiwa, although JD Logistics, Inc. made a profit and turned to a loss in the third quarter, its income performance was higher than expected, which is believed to be driven by strong external suction capacity and an improvement in average income per user. The bank expects a higher-than-expected gross profit margin in the third quarter, but growth will slow in the future, mainly due to higher labor costs due to employee protection policies. The bank expects JD Logistics, Inc. 's loss in 2021 to narrow compared with the same period a year earlier, mainly due to strong earnings in the third quarter driven by higher contributions from external customers, but a slightly higher forecast for net loss in 2022, lowering its earnings per share survey by 25 per cent in 2023 and maintaining a "buy" rating, with a target price rising 4 per cent from HK $37 to HK $38.50.