Futu Information on August 11 | the three major indexes of Hong Kong stocks expanded in the afternoon, with the Hang Seng Index up 2.4%, the Hang Seng Index up 3.67%, and the State-owned Enterprises Index up 2.7%.

As of the close, Hong Kong stocks rose 1334, fell 511, and closed flat at 1053.

The specific industry performance is shown below:

On the plate side, large-scale technology stocks are stronger.Baidu, Inc. rose by over 5%, BABA by more than 4%, Meituan by more than 4%, NetEase, Inc by more than 4%, Bilibili Inc. by nearly 4% and Tencent by more than 2%.

Brokerage stocks pull upEverbright Securities rose more than 8%, China Galaxy rose more than 6%, Citic Construction Investment rose more than 5%, GF Securities Co., LTD., China International Capital Corporation and CITIC rose more than 4%.

Sporting goods stocks are among the top gainersLi Ning Co. Ltd. rose by more than 7%, Xtep International by more than 5%, Anta by more than 5%, and Topsports International Holdings Limited by more than 3%.

Auto stocks rose generally.NIO Inc. rose by more than 7%, XPeng Inc. by more than 5%, Li Auto Inc. by more than 3%, Geely Automobile by nearly 2% and Byd Company Limited by more than 2%.

Pharmaceutical stocks reboundedINNOVENT BIO rose by more than 8%, Wuxi Biologics by more than 6%, Wuxi Apptec by nearly 6%, Genscript Biotech Corporation by more than 4%, and Kangfang Bio-B by more than 5%.

Semiconductor stocks rose.Hongguang Semiconductor is up 4%, Semiconductor Manufacturing International Corporation is up more than 3%, Hua Hong Semiconductor is up 3%, and ASM Pacific is up over 2%.

Insurance stocks are on the riseChina Pacific Insurance rose by more than 4%, Ping An Insurance by nearly 3%, China Life Insurance Company Limited by more than 2%, Zhongan Online by more than 2% and AIA Group Limited by more than 1%.

Other aspectsLithium battery, photovoltaic solar energy, green power concept, material management, coal, aviation and other plates all rose.

Individual stocks$INNOVENT BIO (01801.HK) $Increase by more than 8%. A few days ago, the company and Sanofi jointly announced that they had reached a strategic cooperation in the field of oncology. In addition to product cooperation, Sanofi will also make an initial strategic equity investment of 300 million euros in INNOVENT BIO.

$XPeng Inc.-W (09868.HK) $It's up more than 5%.The China Association of Automobile Manufacturers held an information conference to announce the economic operation of the automobile industry in July 2022. It is expected that under the continuous boost of the central policy of stabilizing the economy, the relevant policies of ministries and commissions, and local policies to promote automobile consumption, the automobile market continues to maintain steady growth in August, especially with the arrival of the traditional golden consumption season in the automobile market in September, passenger car production and sales will show rapid growth. New energy vehicles and automobile exports will also maintain good performance, providing strong support for steady growth throughout the year.

$Li Ning Co. Ltd. (02331.HK) $Up more than 7%.Shen Wanhongyuan's latest comment said that looking forward to the second half of the year and next year, the low base effect overlays the recovery of terminal consumption, and there is still room for acceleration. From the PEG point of view, the plate has a high performance-to-price ratio, and continues to be optimistic about the long-term growth space of domestic sports brands.

$XIAOMI Group-W (01810.HK) $It's up more than 4%.According to the news, the 2022 Lei Jun's annual speech will be officially held at 7: 00 p.m. on August 11. It is reported that this conference will release two important flagships of MIX Fold 2 and Redmi K50 supreme edition, as well as 10 products including XIAOMI tablet 5 Pro 12.4in version, XIAOMI Buds 4 Pro and XIAOMI watch S1 Pro.

Everbright Securities (06178.HK) $It's up more than 8%.Institutions pointed out that the current securities sector valuation is historically low, "steady growth" under the main line of undervalued financial sector repair market is still worth looking forward to.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $956 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ministry of Industry and Information Technology: publish the fourth batch of reference product catalogue of power demand side management in national industry.

The General Office of the Ministry of Industry and Information Technology issued a notice on the publication of the fourth batch of reference products for power demand side management in the national industrial sector: 41 products such as "wide temperature Ni-MH batteries" were identified as the fourth batch of reference products for power demand side management in the national industrial field, it is hereby announced. The departments in charge of industry and information technology in various localities should speed up the popularization and application of reference products for power demand side management in the industrial field, encourage and guide industrial enterprises to improve power quality, strengthen the transformation of power equipment and information construction, comprehensively improve energy efficiency and demand response capacity, and play a positive role in promoting the revolution of energy consumption in the industrial field.

China Automobile Association: the export of 290000 automobile enterprises continued to hit a new high in July, and the export of 54000 new energy vehicles increased by 89.9% compared with the previous month.

According to the China Automobile Association, in July, automobile companies exported 290000 vehicles, a record high in a row, with the export volume increasing by 16.5% month-on-month and 67% from the same period last year. In terms of car models, passenger vehicles exported 242000 this month, up 22 percent from the previous month and 73.1 percent over the same period last year; commercial vehicle exports were 49000, down 5.1 percent from the previous month and up 42.2 percent from the same period last year. The export of new energy vehicles was 54000, an increase of 89.9% over the previous month and 37.6% over the same period last year, showing a momentum of rapid growth. From January to July, automobile enterprises exported 1.509 million vehicles, an increase of 50.6 percent over the same period last year, and exports for the whole year are expected to exceed 2.4 million, in line with expectations at the beginning of the year. In terms of vehicle models, the export of passenger vehicles was 1.186 million, up 54 percent over the same period last year, and the export of commercial vehicles was 322000, an increase of 39.2 percent over the same period last year.

Ministry of Industry and Information Technology: publish the catalogue of new energy vehicles exempted from vehicle purchase tax (57th batch)

On August 10, the Ministry of Industry and Information Technology released the catalogue of new energy vehicles exempted from vehicle purchase tax (57th batch), including XPeng Inc. G9, Namao S, BYD Dolphin, BYD EA1 and other models.

Strategy Analytics: Chinese smartphone brands are expected to account for half of folding screen smartphone shipments in the Asia-Pacific region

Chinese smartphone brands are expected to account for half of shipments of folding screen smartphones in the Asia-Pacific region, according to data released by Strategy Analytics in the second quarter of the global folding screen smartphone market. Samsung leads the market in the world, but in the Asia-Pacific region, its share is likely to fall below 50% in the coming quarters. So far, Huawei, OPPO, vivo, Glory and XIAOMI have limited market share outside China, but are still trying to catch up with Samsung.

Institutional viewpoint

Lyon: maintain$Techtronic Industries (00669.HK) $"Buy" rating, target price reduced to HK $104

Lyon released a research report saying that it maintained Techtronic Industries's "buy" rating and lowered its core profit forecast for 22-24 by 13.2 per cent, 16.9 per cent, 14.7 per cent, and the target price was lowered from HK $183to HK $104m. The company's net profit grew faster than the market in the first half of 2022, and the long-term growth rate is expected to normalize in an environment of rising interest rates and return to the mid-ten-digit level.

Nomura: reiterate$Country Garden Services Holdings (06098.HK) $"downgrade" rating, target price reduced to HK $13

Nomura issued a research report reiterating Country Garden Services Holdings's "downgrading" rating, bearish on scale growth and (52.5,0.45,0.86 per cent) gross profit margin, lowering the target price from HK $15.1 to HK $13, and lowering this year's earnings per share forecast by 6.8 per cent to Rmb1.37, and lowered earnings per share forecasts for 2023 and 2024 by 5.5 per cent and 6.6 per cent.

CICC: maintain$Sunny Optical Technology (02382.HK) $"outperform industry" rating, with a target price of HK $150.8

CICC released a research report saying that it maintains Sunny Optical's "outperform industry" rating with a target price of HK $150.8, and is optimistic that the intensive release of new cars in the auto market in the second half of the year will boost the overall demand for in-car lens market, and that as a leading car lens manufacturer, it is expected to continue to benefit.

CITIC: maintain$Geely Automobile (00175.HK) $Buy rating with a target price of HK $25

CITIC released a research report saying that to maintain Geely Automobile's "buy" rating, Raytheon power model sales climbed rapidly, raising the annual net profit forecast for 2022-23-24 to 70gam100 / 14 billion yuan, with a target price of 25 Hong Kong dollars. The company sold 123000 vehicles in July, with new energy vehicles accounting for 26.1%, an all-time high. The bank is optimistic that Raytheon Power based on the series-parallel dual-motor DHT route will become the main PHEV route, and the Dihao L Raytheon Power Edition is expected to become the model that will turn the tide in the market. It is suggested that we should continue to pay attention to the sales potential. If successful, there will be great hope that the technology will be transplanted to other existing fuel models to achieve plug-in + electrification transformation.