Futu Information on May 16 | the Hang Seng Index rose 0.26%, the State-owned Enterprises Index rose 0.28, and the Hang Seng Technology Index rose 0.01%.

As of the close, Hong Kong stocks rose 974, fell 848, and closed flat at 1048.

On the plate side, large-scale technology stocks rise and fall differently.Trip.com rose by more than 4%, BABA by nearly 3%, JD.com, XIAOMI and Kuaishou Technology by more than 2%, and Tencent by more than 1%.

Inner housing stocks and property management stocks rise hand in handCountry Garden Holdings rose by more than 10%, Midea's home ownership by more than 7%, Longfor Group by more than 4%, Xuhui Yongsheng service by more than 6% and Country Garden Services Holdings by more than 5%.

Agricultural stocks pull up in a straight lineDacheng biochemical technology is up more than 36%, and Chinese starch is up nearly 9%. India temporarily bans wheat exports, and the G7 warns of food security.

The catering sector has a bright performance.Haidilao International Holding rose by more than 6%, Yum China by nearly 3%, and Tan Tsai International, Jiaofu and Jiaofu.

Shipping stocks roseCosco Hai Neng rose by more than 6% and Orient Overseas by more than 3%. BDI rose for the ninth day in a row, boosted by rising capesize freight rates.

Coal stocks strengthenYitai coal rose nearly 8%, Yanzhou Mining Energy rose more than 4%, China Shenhua Energy followed. In April, the country produced 360 million tons of raw coal, an increase of 10.7 percent over the same period last year.

The trend of automobile stocks is divided.XPeng Inc. rose by more than 4%, Great Wall Motor by more than 3%, Li Auto Inc. fell by more than 1%, and Geely Automobile followed.

Individual stocks$Country Garden Holdings (02007.HK) $Up more than 10%, Country Garden Holdings, Longhu and Mei's home buyers have been selected by regulators as model housing enterprises, which will issue bonds and use protection tools this week.

$Haidilao International Holding (06862.HK) $Up more than 6%, Ping an Securities first gave Haidilao International Holding a "recommended" rating, indicating that it is still one of the best chain catering brands in the country.

$Zai Lab Limited-SB (09688.HK) $More than 18% more than 18% of the retro-repotinib was recognized by breakthrough therapy. JPMorgan Chase & Co said that Zaiding product pipeline risk is low, given the "overweight" rating.

$Ping An Healthcare And Technology (01833.HK) $It rose by more than 4%, up from more than 6% at one point, and the Internet medical sector strengthened.

$Shenzhou International Group (02313.HK) $With an increase of more than 4%, institutions are optimistic about export-oriented textile manufacturing leaders whose performance has benefited from the depreciation of the exchange rate.

$Junshi creature (01877.HK) $Fell more than 7%, the new crown drug concept stock concussion lower.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $1.933 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

The central bank carries out 100 billion yuan one-year MLF operation, and interest rates remain unchanged.

The central bank carried out 100 billion yuan one-year MLF operation and 10 billion yuan seven-day reverse repurchase operation, and the winning interest rates were 2.85% and 2.10%, respectively. 20 billion yuan of reverse repurchase expires today and 100 billion yuan of MLF expires in May.

National Bureau of Statistics: industrial added value on national regulations fell 2.9% year on year in April.

According to the National Bureau of Statistics, from January to April, the added value of industries above scale increased by 4.0% in real terms compared with the same period last year. In April, the value-added of industries above scale fell 2.9% from a year earlier. On a month-on-month basis, the added value of industries above scale decreased by 7.08% in April compared with the previous month.

393000 new cases of fever in North Korea, Politburo emergency consultation to discuss epidemic prevention

From the evening of the 14th to the evening of the 15th, 393000 new cases of fever were reported in North Korea, according to the Korean Central News Agency (KCNA), citing the DPRK's national emergency epidemic prevention headquarters. According to the Korean Central News Agency, Kim Jong-un again presided over the emergency consultation of the political Bureau of the Central Committee of the Workers' Party of Korea on the 15th, focusing on the overall epidemic prevention situation in recent days. After the meeting, Kim Jong-un went to a number of pharmacies in Pyongyang to learn about the supply and sales of pharmaceuticals.

Jibang Consulting: the new energy vehicle market grew against the trend in the first quarter, with global sales exceeding 2 million vehicles.

According to TrendForce Jibang Consulting, sales of new energy vehicles (including pure electric vehicles, plug-in hybrid electric vehicles and fuel cell vehicles) totaled 2.004 million in the first quarter of 2022, an annual growth rate of 80 per cent. Among them, pure electric vehicles (BEV) had the strongest growth, with sales of 1.508 million, while plug-in hybrid electric vehicles (PHEV) had 493000. The growth of new energy vehicles is not easy, because sales in the global car market (regardless of power) fell by 7% a year in the first quarter due to chip shortage, Russia-Ukraine conflict, epidemic and other factors.

Institutional viewpoint

JPMorgan Chase & Co is up-regulated collectively$BABA-SW (09988.HK) $、$Tencent (00700.HK) $、$Baidu-SW (09888.HK) $、$Meituan-W (03690.HK) $Wait for the company rating.

Today, JPMorgan Chase & Co collectively upgraded a number of China-listed companies: upgrade JD.com Group's ADR and H shares to neutral; BABA ADR to overmatch; Baidu, Inc. ADR to neutral, with a target price of US $125.The rating of Bilibili Inc. 's H shares was upgraded to neutral; Tencent was upgraded to overmatch with a target price of HK $470; NetEase, Inc was upgraded to overmatch with a target price of HK $185.00 Meituan will be upgraded to overmatch with a target price of HK $220,000,000.

Credit Suisse: real estate stocks are optimistic$China Resources Land (01109.HK) $、$China Overseas Land & Investment (00688.HK) $Equal shares

Credit Suisse said in a report that the mainland cut the minimum interest rate for first home loans by 20 basis points, providing more room for banks to further cut mortgage rates after a sharp drop in household loans. At the same time, it shows its support for housing demand. Although market sentiment is low, more easing measures are expected in first-tier cities, and pent-up demand will support sales recovery in first-tier cities after the Omicron outbreak is brought under control. The bank is optimistic about China Overseas Land & Investment, China Resources Land,$Longfor Group (00960.HK) $、China Jinmao (00817.HK) $、$Yuexiu Real Estate (00123.HK) $、China overseas Hongyang Group (00081.HK) $。

Macquarie: maintenance$Semiconductor Manufacturing International Corporation (00981.HK) $Outperform the market rating, with a target price of HK $29.94

Macquarie published a report that adjusted Semiconductor Manufacturing International Corporation's net income forecast for 2022-2024 by 2 per cent to 2 per cent, due to small changes in cost structure, capacity timing and price increases. The bank lowered SMIC's target price to HK $29.94 from HK $45.91, equivalent to 16 times forecast 2023 earnings and maintained its rating of "outperforming the market". The bank said that due to the broader downgrade of the technology industry and the lack of further clarity on the duration of Semiconductor Manufacturing International Corporation's stay on the US sanctions list, the risk of increased US equipment restrictions was raised, and it is believed that SMIC's valuation may come under pressure in the short term.

Daiwa: reiterate$00520.HK (quack) $"Buy" rating, target price reduced to HK $5.6

Daiwa released a research report that reiterated its "buy" rating and cut its earnings per share forecast for 2022-24 by 11 per cent, reflecting the impact on revenue and profit margin forecasts, reducing the target price from HK $6 to HK $5.60. According to the report, management said the company's same-store sales from January to February reached more than 80% of the previous year, but worsened in March. Due to the impact of the epidemic, the company's same-store sales fell by about 40% in April, and the trend of Golden week in May may be very bad. Although visibility is still very low recently, same-store sales recovered 85% after lifting, and more than 200 stores were suspended during the peak period, affecting more than 170 working days. The bank believes that despite the recent uncertainty, it has not deviated from its restaurant-level profit margin target and that management will continue to introduce measures to increase average consumption and ease the impact of material cost inflation.

Xiaomo: to$Zai Lab Limited-SB (09688.HK) $"overweight" rating, target price reduced to HK $90

According to a research report released by Xiaomo, the "overweight" rating of Zai Lab Limited-SB is quite attractive, the product pipeline risk may be low, and there is potential for other business development. It is expected that China's industry regulation and reform will have a long-term driving effect. According to valuation changes and operating expenditure forecasts, the target price will be lowered from HK $105.9 to HK $90. In addition, based on the first-quarter performance, the adjusted loss per share forecast for this year and next will be adjusted from $6.87 to $3.55 to $1.1.