Futu Information on August 12 | the three major indexes of Hong Kong stocks closed higher, the Hang Seng Index rose 0.46%, the Hang Seng Index closed up 0.54%, and the State-owned Enterprises Index rose 0.50%.

As of the close, Hong Kong stocks rose 1012, fell 745, and closed flat at 1141.

The specific industry performance is shown below:

On the plate side, most of the science and Internet stocks rose.Bilibili Inc. and Shangtang rose by about 2%, BABA and Meituan rose by more than 1%, and Tencent, NetEase, Inc and Kuaishou Technology rose slightly.

Power stocks are strong throughout the day.China Electric Power rose nearly 6%, Huaneng International Power rose by more than 4%, China Resources Power Holdings rose by more than 3%, Huadian International Power and Datang Power Generation rose.

Most auto stocks are up.XPeng Inc. and NIO Inc. rose by more than 4%, ideal by nearly 2%, and Byd Company Limited and Geely Automobile followed.

Coal stocks rose.Yanzhou Mining Energy rose nearly 3%, China Coal Energy, coal Australia rose nearly 2%, China Shenhua Energy followed.

Sporting goods stocks strengthenLi Ning Co. Ltd. rose nearly 5%, Xtep rose more than 3%, Topsports International Holdings Limited, 361 degrees followed.

Oil stocks roseCNOOC rose by more than 2%, China Petroleum & Chemical Corp by nearly 2% and Petrochina Company Limited by more than 1%.

The decline of semiconductor stocks widened after afternoon.Semiconductor Manufacturing International Corporation fell nearly 4%, while Shanghai Fudan fell by more than 1%.

Individual stocks$China Mobile Limited (00941.HK) $It's up more than 1%.Xiaomo released a research report to maintain China Mobile Limited. "The "overweight" rating, with a target price of HK $65, is considered to have a strong balance sheet, high visibility of growth and attractive dividend payouts, and is the most defensive and liquid in the telecommunications industry.

$XPeng Inc.-W (09868.HK) $It's up more than 4%.Morgan Stanley reported that XPeng Inc. SUV flagship G9 opened pre-order on Wednesday (10th). With the debut of the G9, the company will disclose information about the interior and related functions of its model, which is expected to be a key catalyst for XPeng Inc. and his main products in the high-end SUV field in the second half of this year.

China Electric Power (02380.HK) $Up nearly 6%.Changjiang Securities released a research report that, at the current time, the tension of power supply and demand is not the tension of coal supply, but more is that there is a hard gap in load, and the shortage of power supply and demand may run through the whole "14th five-year Plan" period.

$Semiconductor Manufacturing International Corporation (00981.HK) $Down nearly 4%.The company yesterday reported interim results for the period ended June 30, 2022, with a profit attributable to owners of about $514 million, down 25.22% from a year earlier.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $989 million from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Six departments: speed up scene innovation and promote high-quality economic development with high-level application of artificial intelligence

According to the Ministry of Science and Technology released on August 12, six departments, including the Ministry of Science and Technology, the Ministry of Education, the Ministry of Industry and Information Technology, the Ministry of Transport, the Ministry of Agriculture and villages, and the National Health and Health Commission, issued the guidance on speeding up scene Innovation and High-level Application of artificial Intelligence to promote High-quality Economic Development. The "guidance" proposes to make great efforts to create a major scene of artificial intelligence. Improve the innovation ability of artificial intelligence scene. Accelerate the opening of artificial intelligence scenes. Encourage the regular release of artificial intelligence scene list, support the holding of high-level artificial intelligence scene activities, and expand the channels for innovative cooperation and docking of artificial intelligence scene. Strengthen the supply of innovative elements of artificial intelligence scene. Promote the opening of scene computing facilities, gather artificial intelligence scene data resources, carry out scene innovation personnel training through multiple channels, and strengthen the supply of scene innovation market resources.

Ministry of Industry and Information Technology: focus on rural and elderly markets to promote the expansion and upgrading of household appliance consumption

The responsible person of the Consumer goods Industry Department of the Ministry of Industry and Information Technology said that in order to further promote the high-quality development of the home appliance industry and constantly meet the people's demand for high-quality life, it is necessary to do a good job in the following aspects: first, to strengthen technological innovation, promote the high-end and intelligent development of the home appliance industry, and consolidate the foundation for industrial development; the second is to strengthen the stable chain, enhance the modernization level of the industrial chain supply chain, and achieve high-level self-reliance. The third is to optimize the supply system, give full play to the advantages of super-large-scale market, focus on the rural and elderly markets, and promote the expansion and upgrading of household appliance consumption; the fourth is to deepen digital empowerment and promote the industry to improve quality and efficiency; fifth, to practice the concept of double carbon, strengthen green design and enhance supply capacity, vigorously promote green manufacturing, and promote green consumption of household appliances. The sixth is to create multiple scenarios, further give play to the lasting pulling effect of consumption on economic development, smooth the channels between consumers and producers, and promote the efficient convergence of production and consumption.

Ministry of Culture and Tourism: investigate and deal with all kinds of illegal and illegal acts in the tourism market, such as "irrationally low-priced tours", designated specific shopping places, forced or forced shopping by tour guides in disguise, etc.

The general office of the Ministry of Culture and Tourism issued a notice on strengthening industry supervision and further standardizing the order of the tourism market, the document mentioned that all localities should further strengthen the law enforcement of the tourism market, investigate and deal with various kinds of illegal and illegal behaviors in the tourism market, such as "unreasonable low-cost tourism", designated specific shopping places, forced or forced shopping by tour guides in a disguised form, and issue guidance cases in a timely manner to deter illegal and illegal business practices. Further standardize the order of the tourism market. It is necessary to pay close attention to the network public opinion, improve the ability to find problems, find problems in time, and investigate and deal with them in accordance with the law. It is necessary to improve the efficiency of handling tourism complaints, deal with reporting clues and disputes in accordance with the rules and regulations, and protect the legitimate rights and interests of tourists.

China Insurance Industry Association: the number of motor vehicles covered by strong traffic insurance increased by 7.3% in 2021.

The China Insurance Industry Association today released the operation of compulsory traffic insurance in 2021. In 2021, the number of motor vehicles covered by compulsory traffic insurance was 323 million (including 287 million vehicles), an increase of 7.3 percent; the amount of insurance was 64 trillion yuan, an increase of 48.8 percent; and the compensation cost was 176.3 billion yuan, an increase of 27.4 percent. 2021 is the first complete operating year after the comprehensive car insurance reform. The dividend of the comprehensive car insurance reform policy deeply benefits consumers. The liability limit of compulsory insurance is raised from 122000 yuan to 200000 yuan. In 2021, the insurance amount is increased by 21 trillion yuan and the indemnity is increased by 9 billion yuan. The optimization of the floating scheme of compulsory insurance rates has reduced the average premium per car by 1.8% and saved 8.2 billion yuan for consumers.

Research shows that the overall chip delivery time has been shortened, but there is still a shortage in some areas.

Susquehanna Financial Group's latest research shows that chip delivery times are shrinking, but shortages remain in many areas. The average time between order and delivery of semiconductors was 26.9 weeks in July, the third month in a row. Although overall indicators have improved, the supply of power management components and microcontrollers, especially those used by automakers and industrial equipment manufacturers, remains tight. For the industry as a whole, people are still waiting for the inventory and order glut to subside, according to analysts at the company. The decline in demand in some areas of the chip industry, particularly for components used in personal computers and smartphones, has not yet translated into the end of industry-wide supply shortages.

Institutional viewpoint

Everbright Securities: the IP industry chain is extended in a loop, releasing value in a multi-dimensional way

Everbright Securities pointed out that the IP industrial chain extends in a loop, releasing value in a multi-dimensional way. IP is the core of the pan-entertainment ecosystem, IP fans have high loyalty, long life cycle, cross-border linkage; IP industry chain is circular, covering online text, film and television, animation, games, physical derivatives and other categories, IP can be originated in any link and expanded to other forms. The head enterprises that have high-quality native IP and open up the industrial chain to form a closed-loop business will enjoy the IP development dividend: 1) be optimistic about the online article leader with rich high-quality copyright resources, recommend China Literature and Chinese online; 2) those film and television production companies that have obvious advantages in multi-track movies, dramas and animations, recommend light media and mango supermedia. 3) be optimistic about the leading companies in the game industry with steady progress and rich categories, recommend Tencent and NetEase, Inc-S * 4) be optimistic about the physical field leading companies that have initially established a brand moat, and recommend Pop Mart International.

CICC: the semiconductor industry is in the downward phase of the cycle, and the time to lay out the next cycle may not be far away.

CICC released a research report that said that semiconductors are both growth + cycle industry, previous cycles have similarities and differences, the semiconductor cycle since 1978 is reviewed. The bank believes that an average of 4-5 years will go through a semiconductor cycle, showing "bull long and bear short" characteristics; from the perspective of secondary market investment, in the upside and downside stages, the SOX index usually goes through "Davis double click" and "Davis double kill"; in the process of cycle bottoming and reversal, the SOX index is often 3-9 months ahead of fundamentals; in each cycle, there are opportunities for stocks to significantly outperform the SOX index. Referring to the historical data, it is considered that 2022 is in the downward phase of the cycle, the current valuation is already at the bottom of history, and the time to lay out the next cycle may not be far away.

Macquarie: downgrade$Techtronic Industries (00669.HK) $The target price is HK $110, with a rating of "outperforming the market"

Macquarie issued a report that Chuangke's net profit in the first half of 2022 was better than the bank expected, cutting its profit forecasts by 5 per cent in 2022 and 8 per cent in 2023 to 16 per cent in 2022-2025 due to falling consumer demand. The bank lowered the price of the subject from HK $170 to HK $110, giving it a rating of "outperforming the market". Chuangke management downgraded its 2022 revenue forecast and expects medium-unit growth, which Macquarie believes means the company's goal of clearing inventory by the end of the year, which will rebound revenue growth in 2023. Macquarie cut its revenue and net profit forecasts for the second half of 2022 by 11% and 9%, respectively, taking into account the removal of consumers, DIY tools and floor care tools. Macquarie believes Chuangke can return to 9 per cent revenue growth and gross profit margin expansion in fiscal 2023, and the company estimates revenue growth of 5 per cent in fiscal 2022, which will still outperform the medium-to high-unit decline in revenue forecasts for its tools and outdoor businesses by peers Stanley Black and Decker.

Goldman Sachs Group:$Li Ning Co. Ltd. (02331.HK) $Medium-term net profit beat expectations, with a target price of HK $91

Goldman Sachs Group issued a report saying that Li Ning Co. Ltd. 's net profit in the first half of the year was better than that of the bank, keeping the stock on the convinced buy list with a target price of HK $91. Goldman Sachs Group said gross margins were lower than the bank had expected due to channel mix and investment, offset by better sales, government subsidies and financing revenues. The bank believes that Li Ning Co. Ltd. has given a solid performance in a difficult environment, especially from a high base last year, reflecting the strong momentum of its brand and the strong executive power of its management.