Futu Information on August 8 | the three major indexes of Hong Kong stocks fell further in the afternoon. The Hang Seng Index closed down 0.77%, the Hang Seng Index closed down 1.82%, and the State-owned Enterprises Index closed down 1.17%.

As of the close, Hong Kong stocks rose 777, fell 978, and closed flat at 1142.

The specific industry performance is shown below:

On the plate side, large technology stocks generally fell.BABA fell more than 4 per cent, JD.com fell more than 3 per cent, Kuaishou Technology, Tencent and Meituan fell more than 2 per cent and Baidu, Inc. fell more than 1 per cent.

Education stocks fell.New Oriental Education & Technology Group online fell more than 9 per cent, Tianli International Holdings fell more than 4 per cent, New Oriental Education & Technology Group-S fell more than 3 per cent and Zhongjiao Holdings fell more than 2 per cent.

Inner housing and property management stocks led the decline.Xuhui Yongsheng Service, Country Garden Holdings fell more than 6 per cent, Shimao Service fell more than 4 per cent, and Longfor Group fell nearly 3 per cent.

Most semiconductor stocks fell.Hongguang Semiconductor rose nearly 21 per cent, Shanghai Fudan fell more than 3 per cent, Hua Hong Semiconductor fell nearly 2 per cent and Semiconductor Manufacturing International Corporation fell more than 2 per cent.

Auto stocks continue to fallNIO Inc. fell more than 4%, XPeng Inc. fell more than 2%, Great Wall Motor fell 0.82%, Geely Automobile fell 0.34%.

Coal stocks rose against the market.Yanzhou Mining Energy rose more than 5%, Yi bulk rose more than 4%, China Coal Energy rose more than 2%, Yanzhou Coal Australia rose more than 2%.

Shipping stocks are among the top gainersCosco Haineng rose by 7%, COSCO Shipping Holdings by more than 3% and Orient Overseas by more than 1%.

Other aspectsMilitary industry, power equipment, aviation, oil and other sectors all rose, while sporting goods, medicine, catering, non-ferrous metals and other sectors fell one after another.

Individual stocks$BABA-SW (09988.HK) $Down more than 4%.McGrath reported that BABA had a strong quarterly performance, with adjusted net profit 12% higher than market expectations during the period. Since the end of 2021, with the collective cost reduction of various platforms, BABA is expected to realize the promise of cost optimization and profit margin recovery in the coming quarters, thus providing positive guidance for the healthy operation of the industry as a whole. A total of 37 investment banks have given buy ratings in the past 90 days, with a target average price of 146.97 in the past 90 days.

$Pharmaron Beijing Co., Ltd.* (03759.HK) $It's down nearly 5%.In the news, on the evening of August 5, Pharmaron Beijing Co., Ltd.* announced that the actual controllers of the company and their concerted actors plan to reduce their holdings of no more than 27.75 million A shares, accounting for 2.33% of the company's total share capital. According to the closing price of the day, the cash amount is about 2.2 billion yuan.

SJM Holdings (00880.HK) $It's up more than 4%.On the news side, SJM Holdings recently announced that it has received a term loan of 2 billion yuan from its controlling shareholder, Macao Entertainment, while discounting 33.8% of the rights issue, raising a maximum of more than 3 billion yuan. Xiaomo estimates that after the financing, SJM's available liquidity will rise to 11 billion yuan, which means about 18 months of liquidity (based on monthly cash consumption of about HK $600m and zero income scenario forecast).

$Macro Optical Semiconductor (06908.HK) $Up nearly 21%.On the news side, Hongguang Semiconductor announced that it intends to place up to 30 million new shares at a price of HK $3.20 per share, a discount of 13.04% from the closing price before the suspension, and the net proceeds will be about HK $93.6 million, which will be used to strengthen the group's research and development capabilities (especially in GaN gallium nitride technology) and to allocate its working capital to meet the needs of its business development plan.

$99 (09922.HK) $Down more than 4%.In terms of news, among the company's 99-brand stores, the number of stores in Hainan accounts for 13.25%. Earlier this month, the company announced that it expects its home net profit to fall by no more than 70.4% in the first half of this year compared with the same period last year. Then Guotai Junan and other institutions lowered the company's profit forecast.

$Nai Xue's tea (02150.HK) $Down more than 4%.On the evening of August 5, Nai Xue's tea issued an interim earnings warning announcement. The company expects revenue of about 2.02 billion-2.07 billion yuan in the first half of this year, a decrease of 5.43%-3.08% over the same period last year, and an adjusted net loss of about 230 million-270 million yuan, up from about 145 million yuan in the same period last year.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $189 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

HKEx: Hong Kong Exchanges and Clearing welcomes the listing of the first batch of structured products of MSCI China A50 Interconnection Index

The Hong Kong exchanges and Clearing Limited today welcomed the listing of MSCI China A50 Interconnection Index derivative warrants, the first A-share structured product, to further consolidate Hong Kong's position as an offshore A-share risk management centre. The newly listed derivative warrants in Hong Kong Exchanges and Clearing are based on the MSCI China A50 Interconnection Index, which tracks the performance of 50 major Shanghai and Shenzhen listed stocks that can be traded through the Shanghai-Shenzhen-Hong Kong Stock Connect.

Ministry of Transport: speed up the construction of world-class ports and actively expand effective investment in ports

The China Port Association organized a forum of leading comrades in charge of large port enterprises in Xiamen. Zhao Chongjiu, vice minister of transportation, stressed that it is necessary to efficiently coordinate port epidemic prevention and control, ensure smooth and safe production, further give play to the exemplary and leading role of port enterprise groups, speed up the construction of world-class ports, and promote the stable and smooth flow of the industrial chain supply chain.

IDC: China's new energy vehicle market will reach 15.98 million vehicles with a compound annual growth rate of 35.1% in 2026.

The latest report "Forecast of China's New Energy vehicle Market trend 2022-2026" released by IDC shows that China's new energy vehicle market will reach 15.98 million vehicles in 2026, with an annual compound growth rate of 35.1%. At that time, the new car penetration rate of domestic new energy vehicles will exceed 50%, and the ownership will account for more than 10% of the entire automobile market. In the context of global "carbon reduction", the goal set by the auto industry is to achieve zero emissions by 2050, which requires countries to stop selling traditional fuel vehicles by 2035.

Global semiconductor revenue growth in Gartner:2022 is expected to slow to 7%.

According to Gartner's latest forecast, global semiconductor revenue is expected to grow 7.4 per cent in 2022, down from 13.6 per cent in the previous quarter and well below the 26.3 per cent forecast in 2021. Richard Gordon, vice president of research at Gartner, said: while the chip shortage is easing, the global semiconductor market is entering a period of weakness that will continue until the end of 2023, when semiconductor revenue is expected to fall 2.5 per cent. The semiconductor terminal market has been weak, especially those affected by consumer spending. However, Gordon also said that as the auto industry is transitioning to electric and self-driving cars, the content of semiconductors in each vehicle will increase, so the automotive electronics sector will continue to achieve double-digit growth over the next three years.

Institutional viewpoint

Tianfeng Securities: intelligent driving industry has great potential for development.

Tianfeng Securities believes that the intelligent driving industry has great development potential and is the development trend in the future. L2 and L2 + markets are developing at a high speed at the same time. Intelligent driving assistance system can provide assistance to drivers in the complex traffic environment and vehicle handling process, and finally achieve self-driving in the future, which can effectively reduce the incidence of accidents. In 2021, the number of new vehicles equipped with the standard front-mounted ADAS in China is 8.0789 million, with a permeability of 30.78%, an increase of 29.51% over the same period last year. The pre-installed permeability of the intelligent driving system will continue to improve, which is a deterministic development trend in the future of the industry, which is worthy of great investment by manufacturers in the industrial chain. With the upgrading of front L1 intelligent driving to L3 intelligent driving, the value of bicycles is expected to increase from 1,000 yuan to 10,000 yuan. we estimate that the industry scale of L1-L3 intelligent driving in China will be about 30.2 billion yuan in 2021, but it will reach about 86.2 billion yuan by 2025, and the industry CAGR will be 30%, which will maintain rapid development.

Leon: health$XIAOMI Group-W (01810.HK) $Rated to "outperform the market", cut the target price to HK $14.6

According to a research report released by Lyon, XIAOMI-W's second-quarter business performance was seriously affected by weak consumer confidence in mainland China and Europe, and revenue is expected to fall by 20% to 70 billion yuan a year, of which smartphone revenue will fall by 28%. Overseas sales of the Internet of things are also expected to decline, while Internet services are affected by the downturn in the mainland advertising market.

Nomura: to$BeiGene, Ltd. (06160.HK) $Buy rating, target price rises to HK $172.89

Nomura released a research report saying that BeiGene, Ltd. was given a "buy" rating, raising the target price by 3 per cent to HK $172.89, taking into account narrowing losses in the short term and long-term profit growth. The company's 2022Q2 performance is good, with the bank raising its 2022 / 23 zanubrutinib sales forecast by 26 per cent to $528 / 70m and tislelizumab's sales forecast by 6 per cent to $4.16 / 476 million.

UBS: to$INNOVENT BIO (01801.HK) $Buy rating, target price rises to HK $42

UBS said in a research report that it downgraded its Tyvyt sales forecast for this year on INNOVENT BIO's "buy" rating, but raised its target price from HK $39.3 to HK $42, taking into account Sanofi's investment. The bank believes that Sanofi's investment in INNOVENT BIO will accelerate the expansion of INNOVENT BIO's product pipeline and look forward to the sales performance of the new CCO and the approval of new products.