Futu Information July 6 | the decline of the three major indices of Hong Kong stocks narrowed in late trading. The Hang Seng Index closed down 1.22%, the Hang Seng Index closed down 1.23%, and the State-owned Enterprises Index closed down 1.26%.

By the end of the day, Hong Kong stocks were up 631, down 1254, to close flat.

The specific industry performance is shown below:

In terms of the plate, science and Internet stocks generally fell.JD.com Group fell nearly 4%, Tencent fell 0.34%, Meituan fell nearly 1%.

Education stocks are among the top gainersNew Oriental Education & Technology Group-S rose by more than 12%, New Oriental Education & Technology Group online by more than 4%, and Tianli International by more than 4%.

Green Power concept stocks rose slightlyChina Power rose by more than 5%, Huaneng International Power and China Resources Power Holdings by more than 2%, and China Longyuan Power Group Corporation by more than 3%.

Aviation stocks generally fellMeilan Airport fell more than 7 per cent, Beijing Capital Airport fell more than 5 per cent and Air China Limited fell more than 6 per cent.

Coal stocks plummetedChina Shenhua Energy fell more than 4 per cent, Yanzhou Mining Energy fell nearly 8 per cent, China Coal Energy and Shougang Resources both fell more than 6 per cent, and Yi fell more than 5 per cent.

Other aspectsBeauty makeup, auto parts, entertainment stocks rose slightly, pork concept, tourism, sporting goods Internet medical care, and other sectors have a pullback.

Individual stocks$Baidu-SW (09888.HK) $It fell by more than 1%.On the news side, Shen Qiu, executive vice president of Baidu, revealed that Baidu, Inc. World Congress will release a new version of "Kaiwu", so that more manufacturing enterprises can use AI technology at low cost, and Baidu, Inc. smart cloud will also release new district and county brains to make farmland smarter and villages smarter. At the same time, Yuan Foyu, vice president of Baidu, also revealed three major highlights: the digital human production cycle will be shortened to the hour level, Baidu, Inc. Wenxin model will be released, and new developments in self-driving technology.

$BABA-SW (09988.HK) $It's up more than 1%.According to BABA's official WeChat, the State Investment Corporation signed a strategic cooperation agreement and eight landing agreements with BABA. BABA and the State Investment Corporation will cooperate on the combination of "new energy" and "digital" to improve productivity, the overall solution of "triple play", strategic opportunity research and technological innovation, and explore to establish a benchmark of social responsibility for "new energy + digital" cooperation to reduce carbon.

$Huabao International (00336.HK) $It's up more than 25%.Recently, e-cigarette production licenses have been issued one after another. as of June 30, a total of 35 e-cigarette-related enterprises have obtained tobacco monopoly production licenses.

$01610.HK (Cofco) $It fell by more than 5%.On the news side, in view of ensuring supply and stabilizing prices in the pig market, the National Development and Reform Commission will study to launch the release of the central pork reserve, and jointly with the Dalian Commodity Exchange to strengthen linkage supervision of the spot futures market, and severely crack down on illegal and illegal activities such as malicious speculation of capital.

$Bosideng International (03998.HK) $涨0.8%。On the news side, the National Health Commission pointed out that a national fitness campaign should be carried out in the 14th five-year Plan. Hubei Province will simultaneously distribute 100 million yuan sports consumption vouchers in two rounds and four batches from July 8 to December 31 in 17 cities and states of the province. In addition, Shouchuang Securities is optimistic about investment opportunities in the textile and clothing industry, and the subdivision leader is expected to strengthen its leading edge in the recovery phase.

$Centrum Medical-B (06669.HK) $Up more than 7%.Xianruida Medical previously announced that the company had received approval for the registration of radiofrequency catheters (AcoArt CedarTM) and radiofrequency generators from the State Drug Administration of China. It is understood that radiofrequency catheter and radiofrequency generator are designed to close the superficial vein by radiofrequency ablation to treat varicose veins. The company will timely carry out marketing activities in the Chinese market.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $3.566 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ministry of Agriculture and villages: the average price of pork in the national agricultural products wholesale market is 6.8% higher than yesterday.

According to the monitoring of the Ministry of Agriculture and villages, the wholesale price index of agricultural products on July 6 was 118.18, up 0.78 points from yesterday, while the wholesale price index of "vegetable basket" products was 118.40, up 0.91 points from yesterday. As of 14: 00:00 today, the average price of pork in the national agricultural products wholesale market was 28.51 yuan / kg, up 6.8 percent from yesterday.

Jibang Consulting: it is estimated that the global output value of automotive lighting will increase by 4% a year in 2022.

According to the latest report of Jibang Consulting "2022 Global Automotive LED Product Trends and Regional Market Analysis", although the auto market demand declined due to the Russian-Ukrainian conflict and the counterattack of the epidemic in 2022, with the increase of LED headlamp penetration and the development of advanced technologies such as intelligent headlights, logo lights and intelligent atmosphere lights, the market demand for automotive lighting in 2022 is still supported. At the same time, due to the soaring cost of plastics, the prices of car lamps have the opportunity to remain flat or even rise, so TrendForce Jibang Consulting estimates that the output value of the global automotive lighting market is expected to reach 32.68 billion US dollars in 2022, an annual growth of 4 per cent.

McKinsey: $120 billion has been invested in the Yuan Universe track in 2022

According to a report released by McKinsey, global interest in meta-universe surged in 2022, with more than $120 billion invested so far in metacosmos, more than double the $57 billion invested last year. In the related investment, investors are mainly divided into three categories, namely, large technology companies, venture capital institutions and enterprises and brands that are investing resources.

IDC: the domestic database market will grow at a compound annual growth rate of 28.8% in the next 5 years.

IDC released a follow-up report on China's relational database software market in the second half of 2021. The report shows that the market size of China's relational database software is 10.56 billion yuan in the second half of 2021. With the exception of Amazon.Com Inc, Oracle Corp and Microsoft Corp, the other five of the top eight are Chinese manufacturers, accounting for more than 74 per cent of the market share. Aliyun ranked first with 2.471 billion yuan in revenue, accounting for 42.5%, Tencent Cloud ranked second with revenue of 1.128 billion, accounting for 19.4%, and Huawei Cloud ranked fourth, accounting for 8%. IDC predicts that by 2026, China's relational database software market will reach US $9.55 billion, with an annual compound growth rate of 28.8 per cent over the next five years.

Institutional viewpoint

Faba: for the first time$Li Auto Inc.-W (02015.HK) $"hold" rating with a reasonable valuation of HK $170.5

According to a research report released by France and Pakistan, first given the "hold" rating of Li Auto Inc., due to significant growth opportunities, income is expected to grow at an average annual compound growth rate of 75.7% in 2021-24, and will make a profit for the first time in 2024, with a reasonable valuation of HK $170.5. As a plug-in hybrid car maker targeting family car users, the bank believes it can benefit from the electrification of cars in the mainland and the expansion of family size.

CICC: maintain$Hong Kong Exchanges and Clearing (00388.HK) $"outperform industry" rating with a target price of HK $460

CICC released a research report that maintained the HKEx's "outperform industry" rating, with a target price of HK $460. The company may disclose its report on Aug. 17: the bank expects total 2Q22 revenue to be-10% / month-on-month-5% to HK $4.47 billion; excluding investment income, the main income is-5% / month-on-month-6% to HK $4.31 billion; profit is-10% / month-on-month-7% to HK $2.48 billion; total revenue for the first half of the year is-16% to HK $9.16 billion and profit is-22% to HK $5.15 billion.

Xiaomo: maintain$Industrial and Commercial Bank of China (01398.HK) $"neutral" rating, target price lowered to HK $5.1

According to a research report released by Xiaomo, Industrial and Commercial Bank of China's "neutral" rating is expected to be reduced from HK $5.30 to HK $5.50 this year as management reiterated at the 2021 performance meeting that it would support the economy with fee reduction.

Macquarie: the first$NetEase, Inc-S (09999.HK) $Outperform the market rating, with a target price of HK $202

Macquarie released a research report saying that, first given NetEase, Inc's "outperform" rating, profits are expected to grow by double digits each year in the next few years, and the domestic market share will continue to expand, with a target price of HK $202. The company's overseas expansion, high-quality gaming IP and service business growth, coupled with strong R & D capabilities, are supporting earnings growth. The bank believes that with its strong game IP and good product quality, the company's domestic market share is expected to grow to 21% this year. It is also expected that after the success of the Japanese market, it will continue to expand its global influence, and recently opened its first studio in the United States. Global expansion should provide new growth momentum. The company aims to increase R & D resources in overseas markets from less than 20% to 40% in the medium term. The bank expects revenue from overseas games to grow from 11 per cent in 2021 to 22 per cent in 2024.