Futu Information on August 17 | the afternoon volatility of the three major indexes of Hong Kong stocks narrowed, the Hang Seng Index closed up 0.46%, the Hang Seng Index closed up 0.42%, and the State-owned Enterprises Index closed up 0.41%.

As of the close, Hong Kong stocks rose 935, fell 841, and closed flat at 1123.

In the sector, most of the large technology stocks rose.Meituan rose by more than 3%, NetEase, Inc by more than 1%, JD.com by nearly 1%, Baidu, Inc. by nearly 1%, BABA by 0.44% and Bilibili Inc. by 0.68%.

The eyes of home appliances are bright all day.TCL Electronics rose by more than 17%, Techtronic Industries by more than 10%, Haier Smart Home by more than 3%, and Hisense Home Appliances by more than 1%.

Power stocks remain strongChina Electric Power rose by more than 8%, China Longyuan Power Group Corporation by more than 7%, Datang New Energy by more than 5%, China Resources Power Holdings by more than 5%, and Huaneng International Power by more than 2%.

Aviation stocks rose.Air China Limited, Meilan Airport, Beijing Capital Airport and China China Eastern Airlines Corp Ltd all rose more than 1 per cent, while China China Southern Airlines Company rose nearly 1 per cent.

Beer stocks strengthenYiyuan wine industry rose by more than 7%, China Resources Beer by nearly 4%, Tongtian wine industry by more than 3%, dynasty wine industry by nearly 3% and Budweiser Brewing Company APAC Limited by more than 1%.

Brokerage stocks roseEverbright Securities rose more than 4%, China Galaxy rose nearly 2%, GF Securities Co., LTD., CSC FINANCIAL CO.,LTD, Oriental Securities and China International Capital Corporation all rose more than 1%.

Gas stocks led the decline.Hong Kong China Smart Energy fell more than 6 per cent, China Gas fell more than 4 per cent, ENN Energy fell more than 3 per cent and China Resources Gas fell more than 2 per cent.

Other aspectsTourism, logistics, semiconductors, building materials and other sectors have risen, property management, medicine, Internet medical care, non-ferrous metals, SaaS concept stocks have fallen.

Individual stocksChina Graphite (02237.HK) $It rose by more than 47%.Guotai Junan released a research report, saying that the lower reaches of graphitization are mainly graphite electrodes and lithium graphite negative electrodes. Since negative electrode material enterprises have mastered the graphitization processing of coke raw materials, the demand for artificial graphite anode materials, which has benefited from the outbreak of automobile electrification, has become the main driver to promote the development of graphitization. The bank estimates that global demand for graphitization will be about 2.4 million tons and CAGR 36.6% in 2025.

China Electric Power (02380.HK) $It's up more than 8%.The agency said that the recent hot weather continued to stimulate domestic demand for electricity. The tight supply and demand pattern in the short term will accelerate the landing of favorable policies in industries such as document No. 303. Q3 thermal power profitability is expected to usher in month-on-month improvement.

$TCL Electronics (01070.HK) $It rose by more than 17%.Recently, a number of major banks have paid attention to Hong Kong stock TCL electronics. Bank of China Securities issued a research report covering TCL Electronics for the first time and gave it a "buy" rating. The bank pointed out that among the three major business structures of TCL Electronics, the smart screen business is among the top three in the world and is optimistic about the company's long-term competitiveness in overseas markets.

$Pop Mart International (09992.HK) $It's up more than 3%.On the news side, in response to the "normative guidelines on Blind Box Business activities (trial) (draft for soliciting opinions)" issued by the State Administration of Market Supervision and Administration, Pop Mart International, a leading company in the blind box industry, said that blind box is a popular sales form in the fashion play industry, and the introduction of this opinion draft is of positive significance.

$China Resources Beer (00291.HK) $Up nearly 4%.China Resources Beer released interim results, during which the group achieved a turnover of 21.013 billion yuan (RMB, the same below), an increase of 7.02% over the same period last year; profit attributable to shareholders was 3.802 billion yuan, down 11.4% from the same period last year; basic profit per share was 1.17 yuan; and an interim dividend of 0.234 yuan per share was proposed.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $2.405 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

National Climate Center: at present, the comprehensive intensity of high temperature heat wave events in China has reached the strongest since 1961.

According to the news from the National Climate Center on August 17, the National Climate Center recently monitored and evaluated, taking into account the average intensity, scope of influence, and duration of high temperature heat wave events, the comprehensive intensity of regional high temperature events since June 13 this year has reached the strongest since the complete meteorological observation records began in 1961.

Sichuan Electric Power: the hydropower generation capacity of Sichuan has dropped by more than 50%.

According to a report by CCTV's Economic Information Network on August 17, Zhou Jian, deputy chief engineer of the Sichuan Electric Power Regulation and Control Center of the national network, said: 80% of Sichuan's power supply comes from hydropower. Sichuan Province suffered a high temperature and drought disaster rarely seen in 60 years this year, which lasted for a long time, resulting in a serious lack of water from major river basins, some of the main hydropower plants have bottomed out, and the province's hydropower generation capacity has dropped by more than 50%. The State Grid Corporation urgently mobilizes power resources from outside the province to fully support Sichuan. At present, all power channels into Sichuan are fully loaded, and industrial enterprises are required to give electricity to the people by means of high-temperature holidays.

China Federation of things: will focus on promoting the development of hydrogen energy industry

According to the news of China Federation of Logistics and Purchasing on August 17th, the 2022 hydrogen heavy truck ecological conference was held in Zhangjiagang on August 16. Cai Jin, vice president of China Federation of Logistics and Purchasing, attended the conference and delivered a speech. He said that the China Federation of Logistics and Purchasing focuses on promoting the development of hydrogen energy industry. Hydrogen-powered vehicles have great potential and broad prospects for development. It is predicted that hydrogen heavy trucks will develop rapidly in the 30 years from 2030 to 2060, and the market share will grow from thousands to 1.23 million, an increase of hundreds of times. it can be seen that the development potential of hydrogen heavy trucks is huge. Hydrogen heavy truck is an emerging market worth developing.

Ministry of Housing and Construction: construction of indemnificatory rental housing has been started nationwide to solve the housing difficulties of 7 million new citizens and young people.

Pan Wei, deputy director of the Housing Security Department of the Ministry of Housing and Urban-Rural Development, said that over the past year, the Ministry of Housing and Urban-Rural Development, together with relevant departments, has guided various localities to support rural collective economic organizations, enterprises and institutions, park enterprises, housing rental enterprises, and other multi-body investment, multi-channel supply, and speed up the development of indemnificatory rental housing. Indemnificatory rental housing is mainly for new citizens and young people without houses, the rent is lower than the rental housing rent of the same quality market in the same location, and pay attention to the balance of employment and living. In the past two years, the country has started the construction of 2.56 million units of indemnificatory rental housing, which can solve the housing difficulties of 7 million new citizens and young people. 8.7 million units are planned to be built and raised during the 14th five-year Plan period, which can help more than 26 million new citizens and young people improve their living conditions.

Institutional viewpoint

Dama: if$Tencent (00700.HK) $Reduction of holding$Meituan-W (03690.HK) $It will release the hidden investment value, which is a positive event.
Morgan Stanley issued a report saying that if Tencent reduces his stake in Meituan, it will release the hidden investment value, which is a positive event, and the proceeds can be used to pay special interest or more aggressive share buybacks. The bank believes that Tencent's reduction of Meituan's holdings has little impact on its business operations, that most of its profits are through its own ecosystem, and its cooperation with Tencent may not be affected, similar to Tencent's strategic cooperation with JD.com in reducing its holdings.

Daiwa: the inner room industry is still uncertain in the short term. Investors are advised to pay attention to it.$China Resources Land (01109.HK) $及$Longfor Group (00960.HK) $And other developers with strong financial strength

Although Daiwa expects the central government to provide further support measures to inner housing, there is still uncertainty in the industry in the short term, such as more housing companies suffering from liquidity problems and housing sales continue to stagnate. Investors are advised to pay attention to the housing enterprises with strong financial strength, such as China Resources Land and Longhu. Daiwa is different from some parts of the market. I believe that even during the downward cycle of the industry, some quality housing enterprises will still be able to continue to improve.

Dama: I believe$Kuaishou Technology-W (01024.HK) $The stock price will outperform the market within 60 days.

Morgan Stanley published a research report that expects Kuaishou Technology's share price to outperform the market by more than 80% in the next 60 days, as recent market sales have made Kuaishou Technology's short-term valuation more attractive and given an "overweight" rating. Morgan Stanley pointed out that the results of DouYu International Holdings Limited and Tencent Music showed strong cost control capabilities in the second quarter, and Kuaishou Technology is expected to have the potential to achieve the maximum increase in profit margins in the industry, and believes that driven by Kuaishou Technology's closed-loop ecosystem and strong flow growth, growth will be stronger in the second half of the year, with a target price of RMB100.

Credit Suisse: upward adjustment$Beijing Oriental Jingdian (00710.HK) $The target price is 22.2 yuan, rated as "outperforming the market".

Credit Suisse issued a rating report that JD.com Fang Jingdian's performance in the first half of the year was in line with expectations, with revenue rising 51 per cent to 4.8 billion yuan and net profit rising 164 per cent to 251 million yuan a year, benefiting from strong car demand, continued optimization of the scale and mix of high-end products, and cost control. Management expects car display sales to show a strong upward trend and will continue into the second half of the year.

Goldman Sachs Group: it is expected that the Bank of Hong Kong will raise the prime rate no later than September 22nd.$BOC Hong Kong (Holdings) Limited (02388.HK) $

Goldman Sachs Group Goldman Sachs Group published a report predicting that the US Federal Reserve will raise interest rates again in September. Hong Kong banks are about to raise the best lending rate (Prime rate) (P), which is estimated to be no later than 22 September, that is, after the Federal Reserve negotiates interest rates. The bank is bullish on BOC Hong Kong (Holdings) Limited because Bank of China is less dependent on retail banks than Hang Seng and has put it on the convinced buy list. Compared with Standard Chartered, SCC has a higher Hong Kong business portfolio and a larger Hong Kong / global retail banking business, maintaining a "buy" rating on these two shares.