Futu Information on May 13 | Hong Kong stocks opened high today. The Hang Seng Index rose 2.68%, up more than 500 points, the National Index rose 3.22%, and the Hang Seng Technology Index rose 4.5%, back above 4000 points.

This week, the Hang Seng Index fell 0.52%, the Hang Seng Technology Index rose 0.07%, and the State-owned Enterprises Index fell 0.04%.

As of the close, Hong Kong stocks rose 1354, fell 546, and closed flat at 970.

On the sector side, large technology stocks performed strongly，Kuaishou Technology rose by more than 8%, Meituan by more than 6%, Tencent by nearly 3%, BABA by more than 2%, JD.com and Sunny Optical Technology by more.

Auto stocks continue to strengthenGreat Wall Motor rose by more than 12%, Li Auto Inc. by nearly 7%, Geely Automobile, NIO Inc. and Byd Company Limited.

Property management stocks are among the top gainers.Xuhui Yongsheng service, Sunac Services up more than 11%, Country Garden Services Holdings up more than 10%.

Internet medical sector roseAlibaba Health Information Technology rose by more than 10%, JD Health by more than 8%, Zhongan Online and Ping An Healthcare And Technology by more than 10%.

Bank stocks and brokerage stocks strengthenStandard Chartered PLC rose by more than 3%, China Merchants, China Construction Bank and BOC Hong Kong (Holdings) Limited followed; Baoxin Finance rose by more than 16%, and China International Capital Corporation followed.

The coal plate shows a bright performanceYanzhou Mining Energy rose more than 6%, China Coal Energy rose more than 5%, China Shenhua Energy, coal rose in Australia.

Shipping stocks roseOrient Overseas rose by more than 8%, COSCO Shipping Holdings by nearly 4%, and Pacific Ocean Shipping rose. BDI rose for the ninth day in a row, boosted by rising capesize freight rates.

Individual stocks$Great Wall Motor (02333.HK) $Rose more than 12%, Great Wall Motor A shares closed the limit, the turnover of nearly 3 billion yuan.

$Kuaishou Technology-W (01024.HK) $It rose by more than 8%, and Beishui has continued to increase its positions in the past three days. UBS said that the company's advertising and e-commerce market will continue to win.

$Hua Hong Semiconductor (01347.HK) $Up more than 9%, Hua Hong Semiconductor responded to the news that the United States may expand the ban on equipment exports, saying that she still has the VEU qualification of the U.S. Department of Commerce.

$Semiconductor Manufacturing International Corporation (00981.HK) $Rose 1.4%, Semiconductor Manufacturing International Corporation Zhao Haijun said, "cost increases and new capacity depreciation will affect the gross profit margin in the second quarter." "

$China Merchants Bank (03968.HK) $It rose by more than 2%, and completed the issuance of 5 billion RMB financial bonds with a coupon of 2.65%.

$Helens (09869.HK) $Up nearly 7%, on the news side, Helens was included in the MSCI China mini index.

$Xiansheng Pharmaceutical Co. (02096.HK) $It has risen by more than 14%. Recently, Xiansheng Pharmaceutical expects to add nearly 10 new clinical trial applications (IND) containing both Chinese and American newspapers in 2022 alone.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $3.495 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Bancassurance Regulatory Commission: RMB depreciation will not last unilaterally for a long time, do not bet on unilateral depreciation and appreciation

The relevant person in charge of the CBIC said that the devaluation of the RMB exchange rate will not be sustained unilaterally for a long time, and do not bet on the unilateral depreciation and appreciation of the RMB, otherwise it will encounter unnecessary losses.

Bancassurance Regulatory Commission: loans maintained growth in April, further increasing support to the manufacturing industry

The person in charge of the relevant departments of the Banco Insurance Regulatory Commission said on May 13 that the April data are still in the process of statistics and should be combined with macro data and cannot be simply compared with conventional data. Judging from the current situation, the three characteristics are relatively clear: first, the loan output maintained growth in the first four months and (year-on-year) growth in April; second, further increased support for the real economy of the manufacturing industry; and third, support for real enterprises to reduce costs. Loan interest rates have fallen steadily.

Zhang Jianhua, director of the State Energy Administration: vigorously develop wind and solar power generation, and actively and steadily develop clean energy such as hydropower, nuclear power and biomass power generation.

Zhang Jianhua, director of the State Energy Administration, said in an article today that two-way efforts should be made to optimize and upgrade energy production and consumption. Guide the supply-side and consumer-side two-way force. On the supply side, based on the basic national conditions of giving priority to coal, we should give full play to the role of coal-coal power in supporting, regulating and ensuring the development of new energy. We will vigorously promote the clean utilization of coal, and actively promote the "three reforms" of coal power energy saving and carbon reduction transformation, flexible transformation, and heating transformation. We will speed up the transformation of energy, vigorously develop wind and solar power, and actively and steadily develop clean energy such as hydropower, nuclear power and biomass power generation. On the consumption side, we will promote coal reduction and coal restriction in iron and steel, non-ferrous materials and building materials industries, strictly control the blind development of "two high and one low" projects, carry out energy conservation upgrading in key areas, and promote enterprises to raise the proportion of green energy use and the level of electrification. We will promote the introduction of guidelines for further promoting the substitution of electric energy, and further increase the proportion of electric energy in terminal energy consumption. We will vigorously promote a green and low-carbon lifestyle and enhance national awareness of ecological and environmental protection.

Authorities: a new round of car policy on going to the countryside will be introduced as soon as this month.

It is reported that a new round of car policy on going to the countryside will be released in the near future. According to industry authorities, the policy will be introduced as soon as this month. In February this year, the State Council issued the 14th five-year Plan for promoting Agricultural and Rural Modernization, which mentioned that areas with conditions should be encouraged to carry out actions to renew rural household appliances, implement subsidies for furniture and household decoration and a new round of cars to the countryside, and promote the upgrading of consumer durables for rural residents.

Institutional viewpoint

Credit Suisse: downgrade$Hua Hong Semiconductor (01347.HK) $The target price is HK $28 with a rating of "neutral"

Credit Suisse reported that Hua Hong Semiconductor's first-quarter sales rose 13% to a record high of $594 million, higher than the bank's forecast and the company's earlier guidance. According to the report, Hua Hong Semiconductor's sales guidance for the second quarter was US $615 million, a quarterly increase of 3.4%, which was higher than the bank's forecast of US $577 million. Gross margin is expected to rise to between 28% and 29%. Credit Suisse raised Huahong's earnings per share for 2022 and 2023 to HK $2.20 and HK $2.25, and maintained its "neutral" rating at HK $2.50 per share for 2024, but lowered its target price to HK $28 from HK $32.50. The stock is now trading at HK $26.95, with a total market capitalization of HK $35.1 billion.

Macquarie: maintenance$Li Auto Inc.-W (02015.HK) $"outperform market" rating, target price reduced by 16% to HK $126.3

Macquarie released a research report saying that to maintain Li Auto Inc.-W "outperform market" rating, the target price was lowered by 16% to HK $126.3, equivalent to 3.5 times the forecast price-to-sales ratio this year. Total revenue in the first quarter of this year rose 167.5 per cent from a year earlier to 9.56 billion yuan, with net income better than the bank had expected and a strong gross profit margin. The bank said it kept its sales forecast unchanged, raised its average selling price and adjusted its product mix, raised its revenue forecast for 2022-24 by 7 per cent, 5 per cent, and 3 per cent, and raised its 2022 forecast from a loss of 156 million yuan to a profit of 138 million yuan after adjusting revenue, gross profit margin and operating expenses, and raised its 2022 net income forecast by 8 per cent.

Bank of America: reiterate$Zai Lab Limited-SB (09688.HK) $Buy rating, target price reduced to HK $65.50

According to a research report issued by BofA Securities, Zai Lab Limited-SB's total income in the first quarter rose 132.3% year-on-year to $46.7 million, while its net loss was $82.4 million, down from a loss of $233 million in the first quarter of last year. Taking into account the impact of the epidemic, drug sales, especially retail channels are affected. As a result, it has lowered its revenue forecast for this year by 8% and raised its forecast for long-term sales and administrative expenses, reflecting the expansion of commercial teams. The target price was reduced from HK $77.5 to HK $65.50, and the "buy" rating was reiterated considering that the development of its product line was on the right track.

Lyon: downgradeUnified Enterprise China (00220.HK) $The target price is HK $7.2, with a rating of "outperforming the market"

Lyon reported that Uni-President's sales grew by a high number of units in the first quarter, but rising raw material prices dragged down net profit performance. Lyon pointed out that although the rate of increase in costs has slowed recently and the product structure has continued to upgrade, if Unification continues to respond by reducing promotions rather than price increases, it will have limited effect on reducing profit pressure, so the target price has been lowered from HK $8.4 to HK $7.2, maintaining the "outperform" rating. The stock is now trading at HK $6.26, with a total market capitalization of HK $27 billion.