Futu Information on June 13 | the three major indexes of Hong Kong stocks fell further in the afternoon, with the Hang Seng Index falling 3.39%, the Hang Seng Technology Index down 4.72%, and the State-owned Enterprises Index down 3.54%.

By the end of the day, Hong Kong stocks were up 450s, down 1451, to close flat.

The specific industry performance is shown below:

On the plate side, large technology stocks fell collectively.Tencent fell by more than 4 per cent, Meituan by more than 6 per cent, BABA by nearly 8 per cent and Baidu, Inc. by more than 7 per cent.

Tobacco stocks are strongSmoore International Holdings Limited is up more than 4%, Huabao International is up more than 1%, and BYD Electronic is down more than 4%.

Education stocks perform brightlyNew Oriental Education & Technology Group online rose nearly 40%, New Oriental Education & Technology Group-S rose more than 13%, and Tianli Education rose more than 5%.

Pharmaceutical stocks led the decline.Alibaba Health Information Technology fell more than 7 per cent, Wuxi Biologics fell more than 5 per cent, Wuxi Apptec fell more than 10 per cent, and Hygia Medical fell more than 3 per cent.

Auto stocks generally fell.Byd Company Limited fell more than 2 per cent, Geely Automobile fell more than 3 per cent and Li Auto Inc. fell more than 3 per cent.

Gaming stocks fell.Galaxy Entertainment fell more than 4 per cent, Sands China fell more than 5 per cent and SJM Holdings fell more than 7 per cent.

Both the inner room and property management stocks have fallen.Country Garden Holdings fell nearly 8 per cent, Hexing Pacific fell more than 11 per cent and Country Garden Services Holdings fell nearly 8 per cent.

Individual stocks$New Oriental Education & Technology Group online (01797.HK) $Up nearly 40%At one point, it rose more than 95% in intraday trading, with today's turnover of 2.562 billion Hong Kong dollars and the latest market capitalization of 8.726 billion Hong Kong dollars.

$ASM Pacific (00522.HK) $Fell by more than 10%The company has been removed from the Hang Seng Technology Index and will take effect on June 13. In addition, last Friday southward funds to reduce the company's 599200 shares. As of the close of the day, Hong Kong shares held a total of 4.1859 million shares, accounting for 1 per cent of tradable shares.

$Cosco Haineng (01138.HK) $Drop by more than 8%According to the latest equity disclosure information of the Stock Exchange, on June 7, 2022, COSCO Haineng was reduced by 4.332 million shares at an average price of HK $5.5959 per share, involving a capital of about HK $24.2414 million, by FIL Limited or its concerted actors. After the reduction, the latest number of shares is 102156000 shares, and the proportion of shares decreased from 8.22% to 7.88%.

$Wuxi Apptec (02359.HK) $Fell by more than 10%On the news side, due to their own capital needs, the shareholders controlled by the company's actual controller and the shareholders who have signed an action agreement with the actual controller plan to reduce their holdings of A shares not exceeding 3% of the company's total share capital within a period of not more than 90 days after 15 trading days from the date of this announcement.

$Galaxy Entertainment (00027.HK) $Down more than 4%According to the Macau Daily, the contract between Macau satellite farms and Bo enterprises expires on June 26, and there are rumors that about eight satellite farms are intending to exit. Some Macao gaming operators said that betting enterprises are negotiating lease operation with the owners who plan to exit, and the rest of the satellite farms in good condition will continue to renew their contracts with Bo enterprises.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $5.498 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

The National Development and Reform Commission and the Energy Bureau organized a symposium on promoting the demonstration and application of hydrogen energy in the field of electric power.

On June 13, the High Technology Department of the National Development and Reform Commission and the Science and Technology Department of the National Energy Administration organized a series of symposiums on promoting the high-quality development of the hydrogen energy industry (the third) to promote the demonstration and application of hydrogen energy in the electric power field. The meeting focused on the policies related to hydrogen-electric coupling, hydrogen energy storage and fuel cell integrated energy supply, as well as the formulation of standards and specifications, and the innovation of core technology and equipment, and put forward opinions and suggestions on promoting the application of hydrogen energy in the electric power field.

IDC: the market size of the Internet of things in China is close to US $300 billion in 2026, with a compound growth rate of 13.2%

IDC recently released the 2022 V1 version of IDC "Global Internet of things Expenditure Guide". According to the latest forecast of IDC, the size of China's enterprise market will reach US $294 billion in 2026, with a compound growth rate of 13.2%. The global share is about 25.7%, continuing to maintain the largest market volume of the Internet of things in the world. Compared with the 2021V2 version, because of the negative impact of the epidemic, IDC lowered the scale of China's Internet of things market expenditure in 2022 in this forecast. However, with the dynamic adjustment of epidemic prevention and control policies and the continuation of the 14th five-year Plan, IDC has maintained its market growth forecast of more than 10 per cent from 2023 to 2025.

Agency: it is expected that the price of flexible AMOLED panels will continue to drop by $1 in June.

Market research firm CINNO Research released a report pointing out that due to the deep impact of weak market demand, the price of LCD smartphone panel remained in the decline channel in May, and the decline was more than expected, of which a-Si panel fell by 0.20 US dollars, while LTPS panel continued to drop 0.10 US dollars. Flexible AMOLED panel prices were reduced by 1 US dollars due to the easing of chip shortage. CINNO Research estimates that flexible AMOLED panel prices will continue to fall by $1 in June and July 2022, while LCD panel prices will continue to fall by $0.10.

CITIC: it is expected that the growth rate of social finance will continue to pick up moderately in the coming months.

CITIC pointed out that supported by credit and government debt financing, China's social finance grew by 10.5% in May, up 0.3 percentage points from the previous month. Monetary policy continued to push financial institutions to increase credit, and there was an improvement in total credit in May, but the credit structure was still poor, with high short-term loans and bill financing for enterprises, and low medium-and long-term loans for residents and enterprises. The fiscal tax rebate has made M2 grow at the highest rate in five years, but the low growth rate of M1 may indicate that corporate funds are idle. The growth rate of social finance is expected to continue to pick up moderately in the coming months.

Institutional viewpoint

Tianfeng Securities: maintain$New Oriental Education & Technology Group online (01797.HK) $"Buy" rating, new business is expected to contribute increment in the future

According to a research report released by Tianfeng Securities, to maintain New Oriental Education & Technology Group's online "buy" rating, revenue from FY2022-24 is expected to be 6.5pm 13.8 / 1.8 billion yuan. As a leading provider of online extracurricular education services in China, in terms of online extracurricular tutoring and exam preparation, it has strong core competitiveness and high brand awareness with high-quality courses and contents. on the one hand, it will continue to expand the existing business departments of universities and institutions as well as online educational products and services in the future. On the other hand, through actively exploring new measures to expand the customer base and products, carry out transformation to meet the needs of the changing regulatory and educational environment.

Macquarie: downgrade$Sunny Optical Technology (02382.HK) $Rated to "outperform the big market", the target price was reduced to HK $86.6

Macquarie released a research report that downgraded Sunny Optical from "neutral" to "outperform the big market", mainly because the smartphone market may rebound before the first quarter of 2023. In addition, the 2022-24 net profit forecast was lowered by 17%, 13%, 10%, and the target price was lowered by 22% from HK $111.1 to HK $86.6.

Moto: up-regulation$Byd Company Limited (01211.HK) $Target price to HK $400, rating "overweight"

Motors reported that new energy vehicles are still a bright spot for BYD, with a market penetration of 25% in May. BYD's sales so far this year have exceeded expectations, and winning battery business orders is another long-term boon. The bank raised BYD's sales forecast for new energy vehicles from 2022 to 2025 by 20% to 22%, raising its target price from HK $300 to HK $400. Motors believes that the wholesale performance of mainland cars will continue to outperform retail in the second half of this year, which means that car contract manufacturers will actively increase production, which should also benefit suppliers. The bank is bullish on BYD, Guangzhou Automobile and NIO Inc., followed by XPeng Inc.-W Motors is also bullish on some component manufacturers, as production is expected to grow strongly in the second half of the year. The stock is now trading at HK $319.6, with a total market capitalization of HK $930.4 billion.

Macquarie: the first$NIO Inc.-SW (09866.HK) $"outperform the market" rating, with a target price of HK $215

Macquarie published a report covering the study of NIO Inc. for the first time, saying that its revenue and profit in the first quarter were in line with the bank's expectations, while the sales guidance for the second quarter was a quarter-on-quarter decline of 3% to 11%, implying a strong performance in June, up 69% month-on-month and 47% year-on-year. Macquarie first gave Hong Kong shares an "outperform" rating, with a target price of HK $215, and raised the group's revenue forecast for this year to 2024 by 3%, 3% and 2% respectively. The latest forecast is that the Group will lose 7.316 billion yuan and 3.555 billion yuan this year and next.

Moto up-regulation$Bilibili Inc.-SW (09626.HK) $The target price is 195 yuan and the rating is "neutral"

JPMorgan Chase & Co reported that Baili-SW shares fell 15 per cent after reporting first-quarter results, mainly due to investors' profit-taking after rebounding 75 per cent in mid-March and uncertainty reflecting income growth and cost savings in the second half of the year. In the long run, the bank remains bullish on Bilibili Inc. 's platform value, as traffic grew by more than 50 per cent year-on-year in the first quarter. Raise its target price from 147 yuan to 195 yuan, maintaining a "neutral" rating.