Futu Information on August 10 | the three major indexes of Hong Kong stocks collectively weakened, with the Hang Seng Index closing down 1.96%, the Hang Seng Index closing down 2.83%, and the State-owned Enterprises Index down 2.22%.

By the end of the day, Hong Kong stocks were up 398, down 1422 to close flat at 1078.

The specific industry performance is shown below:

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

Auto stocks plummeted.NIO Inc. fell more than 7 per cent, XPeng Inc. more than 5 per cent, Li Auto Inc. nearly 5 per cent, Great Wall Motor more than 3 per cent, Byd Company Limited more than 3 per cent and Geely Automobile more than 2 per cent.

Inner housing and property management stocks led the decline.Longfor Group is down more than 16%, Xuhui Yongsheng Services is down more than 9%, Country Garden Holdings is down more than 7%, Country Garden Services Holdings is down nearly 6%, Shimao Service is down nearly 6%, Xuhui Holdings Group is down nearly 5%, Jinke Services is down more than 4%, and Greentown China is down more than 2%.

Photovoltaic solar stocks fallXinyi Energy fell more than 6 per cent, Xinyi Solar fell more than 4 per cent, Xinte Energy fell more than 3 per cent, Fuyao Glass Industry Group fell more than 2 per cent, and Xiexin Technology fell more than 1 per cent.

The decline of pharmaceutical stocks widened.Wuxi Biologics is down more than 9%, Junshi Bio is down nearly 6%, Pharmaron Beijing Co., Ltd.* is down more than 5%, BeiGene, Ltd. is down nearly 5%, Wuxi Apptec is down more than 4%, INNOVENT BIO is down more than 4%.

Semiconductor stocks weakenHongguang Semiconductor fell nearly 5 per cent, Hua Hong Semiconductor fell more than 4 per cent, ASM Pacific fell more than 2 per cent and Semiconductor Manufacturing International Corporation fell more than 2 per cent.

Other aspectsSporting goods, auto parts, catering, education, gambling, coal, shipping, green electricity concept, Apple Inc concept and other sectors have declined to varying degrees.

Individual stocks$Macro Optical Semiconductor (06908.HK) $It's down nearly 5%.On the news side, Hongguang Semiconductor produces semiconductor light-emitting diode lamp beads and LED lighting products in China, the business is relatively simple, the outbreak of the epidemic in 2020 led to a substantial decline in revenue, in 2021 it began to layout the third generation semiconductor gallium nitride related business. At present, the company is selling LED lamp beads products, GaN and related products into the business segment, but has not yet generated revenue.

$Longfor Group (00960.HK) $It fell by more than 16%.According to Bank of China Securities tracking data, as of the week of August 5, the transaction area of new and second-hand houses turned negative month-on-month, the year-on-year decline in new housing expanded by 8 percentage points, and the growth rate of second-hand housing dropped by 6 percentage points. Guoxin Securities commented that at present, the fundamentals continue to be weak, and the credit crisis is not completely over. Although the deterioration of monthly sales data is slowing down, from the high-frequency data, the momentum of sales recovery is still insufficient.

$IGG (00799.HK) $It fell by more than 7%.China Merchants International said that according to gamma data, domestic online game revenue fell 1.8% in the first half of this year compared with the same period last year, and mobile game revenue fell 3.7% year-on-year. At the same time, there was a continuous year-on-year decline in revenue from March to June, mainly due to the suspension of previous version numbers, which led to a small number of new games online in the first half of the year.

$Luoyang Glass Co. (01108.HK) $It rose by more than 5% against the market.Tianfeng Securities research report said that to maintain the "buy" rating of Luoyang Glass shares, taking into account the better supply and demand of photovoltaic glass than the previous forecast, its faster pace of new photovoltaic glass production capacity and the contribution of non-recurrent income, raise the 2022-24 income forecast to 46max 100 / 13.4 billion yuan, the homing net profit forecast rose to 3.8pm 6.2 / 920 million yuan, and the target price raised to HK $22.43.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $1.28 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

National Bureau of Statistics: the year-on-year increase in CPI expanded slightly in July, while the year-on-year increase in PPI continued to decline.

On August 10, the National Bureau of Statistics released national CPI (Consumer Price Index) and PPI (Industrial producer Price Index) data for July 2022. Dong Lijuan, a senior statistician from the City Department of the National Bureau of Statistics, interpreted this. It said that in July, due to rising prices of pork, fresh vegetables and other food prices and seasonal factors, CPI rose from flat to month-on-month, slightly larger than the same period last year. In July, due to the influence of international and domestic factors, industrial product prices declined as a whole, the national PPI fell from flat to flat, and the year-on-year increase continued to decline.

China Automobile Association: the total import and export volume of automobile goods in June was 19.3 billion US dollars, down 4.1% from the same period last year.

On August 10th, according to the national customs automobile commodity import and export data compiled by the China Association of Automobile Manufacturers, in June 2022, the total import and export volume of automobile goods was 19.3 billion US dollars, down 4.4% from the previous month and 4.1% from the same period last year. Of this total, imports totaled US $6.62 billion, down 14.8% from the previous month and 28.5% from the same period last year, while exports totaled US $12.68 billion, up 2.2% from the previous month and 16.9% from the same period last year.

Ministry of Industry and Information Technology: the package of policies for sustained and stable growth has achieved results

He Hailin, deputy director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said in a keynote speech that the follow-up package of policies to stabilize growth has borne fruit and further boosted the operation of the industrial economy. We will continue to do a good job in expanding investment and promoting consumption and support the transformation and upgrading of the industrial structure. We will speed up the implementation of major projects in the 14th five-year Plan, promote the construction of new information infrastructure such as 5G, gigabit optical network, and industrial Internet as soon as possible, and support the green, digital and intelligent transformation of enterprises. At the same time, we should increase the guiding role of consumption, organize national activities of "three products", continuously promote the activities of new energy vehicles to the countryside and green building materials to the countryside, cultivate demonstration cities for information consumption, and use a series of measures to guide consumption and expand investment. we will accelerate industrial upgrading.

Strategy Analytics:2022 Q2 Apple Inc continues to lead the global 5G smartphone market, with Samsung growing the fastest

In the Q2 global 5G smartphone market in 2022, Apple Inc continued to lead the 5G smartphone market, with Samsung becoming the world's fastest-growing major manufacturer, with vivo and OPPO seeing double-digit declines in 5G smartphone shipments, Strategy Analytics said. In India and China, Glory and Lenovo-Motorola grew the fastest, grabbing share from OPPO and vivo.

IDC: the market share of China's government cloud technology facilities reaches 37.5 billion yuan, while Huawei's cloud accounts for more than 40%.

IDC released "China Smart City data tracking report" (July 2022). According to the report, the total size of China's government cloud infrastructure market has reached 37.5 billion yuan. Among them, Huawei Cloud ranks first with 25.8% of the market share, while Chaoyun, China Telecom Corporation, Xinhua 3 / Ziguangyun and China Mobile Limited rank second to fourth. In addition, Huawei Cloud also ranks first with a market share of 27.1% in government-owned cloud infrastructure.

Institutional viewpoint

UBS: health$Country Garden Holdings (02007.HK) $及$Longfor Group (00960.HK) $Rating to "neutral", cut the target price

UBS issued a report measuring the cash consumption rates of four major mainland property companies, Country Garden Holdings, Vanke, Longhu and Xuhui, based on idle cash, and assessing how many contract sales are needed to make ends meet. UBS downgraded Country Garden Holdings and Longhu to "neutral" and lowered their target prices to HK $2.70 and HK $25.70, respectively. The bank reiterated Xuhui's "neutral" rating and was optimistic about Vanke's good cash flow and its semi-state-owned enterprise status. UBS analysis shows that all four major mainland real estate companies generated negative free cash flow in the first half of 2022, equivalent to 11% of the idle cash balance at the end of 2021. Investors are worried about the sustainability of this cash consumption. The market has downgraded the corresponding stock rating. UBS estimates that monthly contract sales of real estate companies will have to rise 11 per cent from the level of the first half of 2022 to restore cash flow balance, while Vanke's contract sales have reached levels above the cash balance in the first half of 2022.

Big Motors: to$Sunny Optical Technology (02382.HK) $Increase the rating with a target price of HK $150

Morgan Stanley released a research report that gave Sunny Optical an "overweight" rating with a target price of HK $150,000,000. After seeing the company's July shipments data, the bank is more confident that its mobile phones and car cameras will continue to recover in the third quarter. Shipments of mobile camera modules remain weak in July, but there appears to be a low-base recovery from August.

Dama: up-regulation$CLP Holdings Limited (00002.HK) $To keep pace with the market, the target price is HK $68

According to a research report released by Morgan Stanley, CLP Holdings Limited was upgraded from "underweight" to "in line with the market" because it believes that the risk of further expansion of mark-to-market hedging losses is low, and if the power plant resumes normal operation and benefits from high electricity prices, the Australian business should take a turn for the better, with a target price of HK $68.

Everbright Securities: maintenance$BABA-SW (09988.HK) $"overweight" rating, performance slightly exceeding expectations

Everbright Securities released a research report, said that to maintain BABA-SW "overweight" rating, the performance slightly exceeded expectations, relatively sound performance, FY2023-25 belongs to common shareholders net profit forecast of 675.6max 793.64 / 94.498 billion yuan.

CICC: maintain$Great Wall Motor (02333.HK) $"outperform industry" rating, target price reduced by 15% to HK $17

CICC released a research report saying it maintained Great Wall Motor's "outperform industry" rating and lowered its target price by 15 per cent to HK $17, taking into account the valuation correction. The company released production and sales of KuaiBao in July, with sales of 101900 vehicles in July (up 11.3% year-on-year and 0.7% month-on-month), and cumulative sales of 620500 vehicles in the first seven months (down 12.6% from a year earlier). The performance of production and sales in July was solid, outperforming the industry in month-on-month comparison, of which Harvard sold 61300 vehicles, contributing a major increase in month-on-month growth.