Futu Information on January 27 | the three major indexes of Hong Kong stocks fell sharply, with the Hang Seng Index down 2.57% at 23665 points, the National Index down 3.01% at 8256 points, and the Hang Seng Technology Index down 4.51% at 5345 points.

By midday's close, Hong Kong stocks were up 258, down 1506, to close flat at 1087.

Plate aspectTechnology stocks fell furtherBilibili Inc. fell by more than 11%, Meituan by more than 8%, BABA by more than 6%, Kuaishou Technology and NetEase, Inc by more than 5%, and Tencent by more than 3%.

SaaS concept stocks fellMing Yuan Cloud Group and Kingdee International Software Group are down more than 8%, vobile group is down nearly 8%, Weimeng Group is down more than 6%, and mobile cards are down more than 5%.

Education stocks continue to declineSecondary Education Holdings fell by more than 20%, New Oriental Education & Technology Group online fell by more than 14%, Hope Education fell by more than 9%, New Oriental Education & Technology Group fell by more than 5%.

Gambling stocks generally fell.The number of licensed gaming intermediaries in Macau fell by 46% compared with the same period last year, MGM China fell by more than 3%, Wynn Macau, SJM Holdings and Melco International fell by more than 2%, and Sands China fell by more than 1%.

Other aspectsCatering stocks, biotechnology stocks continued to decline; Internet medical stocks, holiday concept stocks, medical and beauty concept stocks, gold stocks and other stocks fell collectively. Hong Kong's local consumer stocks, local bank stocks and port stocks rose slightly against the market.

Individual stocks$BABA-SW (09988.HK) $Drop by more than 6%At one point in intraday trading today, it fell to HK $108, the lowest level since the listing.

$Aidi Palace (00286.HK) $Increase by more than 3%Chairman Zhu Yufei increased her stake in 2 million shares.

$Chinese Education Holdings (00839.HK) $Plummeted by more than 20%The China civilian-run Education Association and others have previously issued a proposal emphasizing the standardization of non-disciplinary out-of-school training and resolutely boycotting examination-oriented training.

Time China Holdings (01233.HK) $Plunged by more than 28%It is proposed to place 117.7 million shares from the old to the new, raising a total of HK $400 million

$Zhuo Hong Holdings (01865.HK) $Increase by more than 5%The HK $40 million bond was extended by creditors for one year.

China Heart-to-Heart Fertilizer (01866.HK) $Increase by about 2%The market capitalization has returned above HK $7 billion after three months.

Bank of America Securities: raise China Longyuan Power Group Corporation's target price to HK $25.40, rating buy.

Bank of America Securities believes$China Longyuan Power Group Corporation (00916.HK) $Ability to finance cheaply through equity and debt in 2022. The bank reiterated China Longyuan Power Group Corporation's "buy" rating and raised its target price from HK $25 to HK $25.40, equivalent to forecasting corporate value of 13.1 times and 11.3 times EBITDA this year and next. According to BofA Securities, every 20 basis point reduction in debt costs increases China Longyuan Power Group Corporation's earnings per share by 2.2 per cent and expects earnings per share to grow at a compound annual growth rate of 18.9 per cent between 2021 and 2025.

Nomura: lower the target price of Guoshou to HK $20.16, rating buy.

General Nomura$China Life Insurance Company Limited (02628.HK) $New business value forecasts for 2021 and 2022 were cut by 5.6 per cent and 14 per cent respectively, reflecting worse-than-expected business growth, a continued decline in the number of agents, and recent management changes and outbreaks of uncertainty. The bank cut China Life Insurance Company Limited's target price by 3.8 per cent to HK $20.16, maintaining its "buy" rating. Nomura expects China Life Insurance Company Limited's new business value to contract by 23 per cent in 2021, meaning a 35 per cent year-on-year decline in the fourth quarter of last year and a further 8.5 per cent in 2022, with net profits expected to rise 9.8 per cent in 2021 and 12.1 per cent in 2022.

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