Futu Information on May 23 | Hong Kong stocks narrowed in the afternoon, with the Hang Seng Index down 1.19%, the State-owned Enterprises Index down 1.39%, and the Hang Seng Technology Index down 2.49%.

By the end of the day, Hong Kong stocks were up 771, down 1049 to close flat at 1049.

The specific industry performance is shown below:

In the sector, most of the large technology stocks fell.Kuaishou Technology fell by more than 7%, BABA and Meituan by more than 3%, and Tencent by more than 1%.

Sporting goods stocks fellLi Ning Co. Ltd. fell by more than 9%, ANTA Sports Products by more than 3%, and Bosideng International and Xtep International followed suit.

Most auto stocks fell.XPeng Inc. fell more than 6%, Great Wall Motor fell more than 4%, Li Auto Inc. and Geely Automobile followed suit.

Shipping stocks strengthen against the marketOrient Overseas rose by more than 6% and COSCO Shipping Holdings by more than 3%.

Some semiconductor stocks rose.Semiconductor Manufacturing International Corporation rose by more than 3% and Fudan in Shanghai by more than 2%.

Individual stocks$XPeng Inc.-W (09868.HK) $Down more than 6%, XPeng Inc. will release the latest earnings report before the US stock market on Monday.

$BABA-SW (09988.HK) $It is down more than 3%, and the market generally expects the upcoming results to be under pressure.

$JD.com Group-SW (09618.HK) $With an increase of 0.57%, JD.com Airlines plans to be awarded a public air transport enterprise operation license.

$CANSINOBIO-B (06185.HK) $It fell by more than 9%, and the turnover exceeded 1.16 billion Hong Kong dollars. Overseas COVID-19 vaccine production capacity is more sufficient or affect the performance of the company.

$Alibaba Health Information Technology (00241.HK) $The $dropped by nearly 10%, and the shareholder Innovare distributed its about 641 million shares in kind.

$clover organism-B (02197.HK) $With a further increase of more than 23%, Beishui has increased its position by 1% this month, and the company's candidate COVID-19 vaccine SCB-2019 is being examined by EUL.

$Hong Kong Broadband (01310.HK) $It rose by more than 4%, which was good to stack up, recording 7 consecutive increases. It is reported that the main shareholders of Hong Kong Broadband are Canadian pension fund investment company CPPIB, private equity fund TPG and so on.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $1.582 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

HKEx to set up offices in the United States and Europe to attract more IPO

According to media reports, Hong Kong Exchanges and Clearing will set up two international offices in the coming year to reach more overseas investors and promote Hong Kong as a financing destination. One office will be located in the United States and the other in Europe. They will be Hong Kong Exchanges and Clearing's first offices outside Asia. At present, the Hong Kong Exchange has offices in Singapore, Beijing and Shanghai. The exact location will be announced in the future.

15 countries around the world have reported confirmed cases of monkeypox. Who: more monkeypox cases may be found in the future.

Israel, Switzerland and Austria have also reported confirmed cases of monkeypox in the past two days, and the number of confirmed cases in this round has increased to 15, the BBC reported on the 22nd local time. The World Health Organization warned today that in view of the fact that cases of monkeypox virus have been found in a number of countries that are not endemic, more cases may be found in these countries and other countries in the future.

The purchasing power of the yen fell to its weakest level since 1971

The real effective exchange rate of the yen fell to 60.9, the lowest since August 1971, according to data released by the Bank of Japan on Monday based on figures from the Bank for International Settlements. The weighted average exchange rate of the yen against other currencies is a measure of Japan's international competitiveness, taking into account factors such as trade and inflation.

The average price of regular gasoline in the United States soared to $4.71 a gallon in two weeks, or exacerbated inflation and triggered intermittent rationing.

The average price of regular gasoline in the US has soared 33 cents to $4.71 a gallon in the past two weeks, while the average price of diesel has risen 9 cents to $5.66 a gallon in two weeks. Nationwide, the average price at a gas station in the United States is $1.61 higher than it was a year ago, according to ABC News. The average price of regular gasoline is reported to be the highest in the San Francisco Bay area, at $6.20 a gallon. Us industry analysts said the rise in oil prices was mainly due to higher crude oil costs and tight gasoline supplies. Rising oil prices will further exacerbate inflation in the United States and increase economic pressure on American drivers.

Institutional viewpoint

CICC: opportunities outweigh risks in Hong Kong stocks in the medium term

China International Capital Corporation commented on Hong Kong stocks that the recent stronger policy signals are expected to provide some support for the market, but more measures are still needed at the policy level. We judge that opportunities outweigh risks in the medium term. On the sector side, high dividend targets and low valuation targets, such as some financial, telecommunications and energy sectors, will provide investors with more protection from the current market volatility. At the same time, it is recommended to pay attention to the previous decline of high-quality growth stocks. In addition, with the easing of the epidemic in Hong Kong, the targets of local consumption and finance in Hong Kong are also worthy of attention.

Credit Suisse: to$Byd Company Limited (01211.HK) $"outperform the market" rating, with a target price of HK $368

Credit Suisse released a research report that gave BYD shares an "outperform" rating with a target price of HK $368. The company upgraded its battery technology to CTB to further integrate the battery into the car body, and the top cover of the battery pack forms the floor of the car body. This integration simplifies the body structure and production process, thereby reducing costs, improving safety and greater vehicle space. The report said that as BYD's first product using CTB technology, the Seal large sedan sells for 212800 yuan to 289800 yuan and will compete directly with Tesla, Inc. Model3, XPeng Inc. P7 and Feiyue C01.

BYD said it had ordered 22637 seals on its first day, with monthly sales of about 20000 under management guidance. Given the super profitability of the Han EV car with a gross profit margin of more than 30 per cent, Seal is expected to make a positive contribution to BYD's product portfolio and profit margins.

Nomura: downgrade$Jinke Service (09666.HK) $Target price to HK $44.2, rating "buy"

Nomura issued a rating report, pointing out that Jinke serves the parent enterprise.$Jinke shares (000656.SZ) $The financial situation has further deteriorated, Jinke shares are reported to have a potential extension of domestic debt repayment, and Jinke is discussing a potential capital injection with the Chongqing municipal government to ease liquidity pressure, which is expected to be a long-term process. Taking into account the weakening support from the parent company Jinke shares and the continued deterioration of the mainland housing market, the bank reduced the profits of Jinke Services by 11% and 18% this year and next. Nomura said that due to increased instability in achieving the company's annual expansion target, the bank lowered the valuation basis for Jinke services, lowering the price-to-earnings ratio of the company's property management services to 20 times from the original 25 times. Accordingly, the target price of Jinke service was reduced by 18% from HK $53.6 to HK $44.2, maintaining a "buy" rating. The stock is now trading at HK $20, with a total market capitalization of HK $13.1 billion.

Credit Suisse: maintain$Kingdee International Software Group (00268.HK) $Sex rating, target price lowered to HK $17.2

Credit Suisse released a report that cut Kingdee's 2022-2024 revenue forecast by 2% to 3%, and earnings per share by 15%, 4% and 1%, respectively, to reflect slowing sales growth and rising costs as a result of the epidemic. Its target price was lowered from HK $17.9 to HK $17.2, maintaining its "neutral" rating. The company's overall revenue this year increased by 22% year-on-year, of which the cloud business rose 39%, while the software business fell 9%.

CICC: maintain$Hua Hong Semiconductor (01347.HK) $"outperform industry" rating, target price reduced by 37.9% to HK $36

CICC released a research report that maintained Hua Hong Semiconductor's (01347) "outperform industry" rating, taking into account the possibility of an increase in wafer prices, revenue increased by 29% in 2022 / 23 to $25.44 / 2.837 billion (up 56% in 2022 / 23). Net profit rose 40% to $3.47 / 402 million (up 32.6% and 15.8%). In addition, due to the downward valuation center of Hong Kong stocks, the target price was reduced by 37.9% to HK $36, corresponding to 1.9x/1.7xP/B, which is 23.5% higher than the current upside space.