Futu Information on August 18 | the volatility of the three major indexes of Hong Kong stocks weakened, the Hang Seng Index closed down 0.8%, the Hang Seng Index closed down 1.09%, and the State-owned Enterprises Index closed down 0.81%.

By the end of the day, Hong Kong stocks were up 560, down 1209 to close flat at 1130.

The specific industry performance is shown below:

In terms of the plate, science and Internet stocks generally fell.Bilibili Inc. fell by more than 4%, BABA fell by more than 2%, Tencent rose by more than 3%, and Meituan rose slightly.

Beer concept stocks are active throughout the day.China Resources Beer rose by nearly 5%, Tsingtao Brewery by nearly 2%, and Budweiser Brewing Company APAC Limited by more than 1%.

The trend of power stocks is divided.China Resources Power Holdings and Huadian International Power rose by more than 1%, Huaneng International Power fell by more than 1%, and China Power fell by more than 2%.

Automobile stocks led the decline.Great Wall Motor fell nearly 6%, NIO Inc. fell more than 4%, XPeng Inc. and Geely fell more than 3%.

Bank stocks in Hong Kong fell collectivelyBank of East Asia and Hang Seng Bank fell more than 3%, BOC Hong Kong (Holdings) Limited fell more than 2%, and HSBC fell more than 1%. The Fed says it may need to slow the pace of raising interest rates.

Other aspectsAviation stocks, home appliance stocks, Hao gambling stocks, catering stocks, pharmaceutical stocks have fallen, while consumer electronics stocks, mobile games and other sectors rose against the trend.

Individual stocks$Tencent (00700.HK) $Up 3.1 per cent to HK $312.6, the company's Q2 revenue was 134 billion yuan and net profit was 18.6 billion yuan. Tencent executives said on a conference call that they believe revenue growth will resume in the coming quarters, even if game revenue remains the same.

$Wuxi Biologics (02269.HK) $The company's medium-term net profit rose by nearly 3%, and the company's medium-term net profit increased by 37.6% compared with the same period last year. Morgan Stanley has an overweight rating with a target price of HK $119.8.

$China Resources Beer (00291.HK) $Up nearly 5%, the company's performance exceeded expectations, revenue increased by 7% in the first half, and profit attributable to core shareholders increased by 20% compared with the same period last year. In addition, high temperatures in many places are conducive to boosting beer sales.

$Development Pharmaceutical Industry-B (09939.HK) $Up more than 8%, its drug Fretaine in the treatment of alopecia II clinical completion of patients into the group.

$TCL Electronics (01070.HK) $It rose nearly 7% to a 15-month high, surged more than 38% in the week, and will release the list tomorrow.

$Samsonite (01910.HK) $Against the market rose nearly 10%, medium-term net sales increased by 58.9%, net profit turned into profits, after the performance of a number of major banks raised the target price.

$Geely Automobile (00175.HK) $After a drop of more than 3 per cent, the company announced its interim results this afternoon. Sales of new energy vehicles rose nearly fourfold, with a profit attributable to shareholders of 1.552 billion yuan, but net profit fell 35 per cent in the first half of the year, dragged down by falling sales of fuel vehicles.

$Country Garden Holdings (02007.HK) $Down more than 5%, the company's executive vice president said that the most difficult time in the industry is over, and the company will maintain a more orderly sales pace in the second half of the year.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, today, the Hong Kong Stock Connect (southbound) has a net inflow of over HK $600 million.

Today's turnover of Hong Kong shares TOP20

Message surface

• Ministry of Commerce: the Chip and Science Act of the United States is a typical policy to support differentiated industries.

Shu Pingting, a spokeswoman for the Ministry of Commerce, said that the introduction of the Chip and Science Act by the US side, which provides huge subsidies and tax concessions to the local chip industry in the United States, is a typical policy to support differentiated industries. Some of these provisions restrict the normal economic, trade and investment activities of relevant enterprises in China, which are obviously discriminatory, seriously violate market laws and international economic and trade rules, and will distort the global semiconductor supply chain and disrupt international trade. The Chinese side firmly opposes this. The implementation of the US bill should comply with the relevant rules of the WTO, comply with the principles of openness, transparency and non-discrimination, and be conducive to maintaining the security and stability of the global industrial chain supply chain and avoiding fragmentation. China will continue to follow the implementation of the bill and, if necessary, take effective measures to safeguard its legitimate rights and interests.

• Jibang: global sales of new energy vehicles reached 2.19 million in the second quarter of this year, rising to 11.2% of BYD.

Global sales of new energy vehicles reached 2.192 million, up 53.5 per cent from a year earlier, according to Jibang consultancy. Pure electric vehicles (BEV) sold 1.608 million units, up 64.9% from the same period last year, while plug-in hybrid vehicles (PHEV) sold 580000 units, up 29% from a year earlier. Tesla, Inc. still tops the BEV brand rankings, but its market share fell from 20.1 per cent in the first quarter to a new low of 15.9 per cent in the second quarter. BYD ranked second, with its global market share rising to 11.2% from 9.3% in the first quarter of 2022.

• Central Internet Information Office: it is speeding up the introduction of the regulations on the Network Protection of minors

The propaganda Department of the CPC Central Committee today held a press conference on the measures and effectiveness of propaganda and cultural work in the new era. Sheng Ronghua, deputy director of the Central Internet Information Office and deputy director of the State Internet Information Office, said at the meeting that the next step is to achieve "two enhancements": one is to enhance the ability of minors' network protection work, and the other is to enhance the effectiveness of minors' network protection. The main measures can be summarized into two sentences and eight words, which are called "there are laws and punishments, and they can be managed well." "having a law" means perfecting and perfecting laws and regulations. At present, the Internet Information Office is speeding up the introduction of the regulations on the Network Protection of minors, improving the supporting system of the Law on the Protection of minors, and providing more powerful legal protection for the network protection of minors.

• The Coal Management Company of the State Energy Group coordinates the flow of coal from Shaanxi, Gansu and Xinjiang into Sichuan and Chongqing.

The State Energy Group focuses on the coal-fired inventory of power plants in Yunnan, Guizhou, Sichuan and Chongqing, two lakes and one river, comprehensively strengthens the operation and maintenance management of units, and the Sichuan and Chongqing enterprises of the group go all out to ensure safety, supply and power generation. The Coal Management Company of the State Energy Group coordinates the flow of coal from Shaanxi, Gansu and Xinjiang into Sichuan and Chongqing, further increases the number of cars requested by the national railway, and combines the supply of self-produced coal, trade coal and other coal sources. do our best to ensure the demand for coal for regional power plants in Sichuan and Chongqing during the key period.

Institutional viewpoint

• UBS: preference for online games stocks$Tencent (00700.HK) $、$NetEase, Inc-S (09999.HK) $To give a "buy" rating

UBS pointed out that in the long run, online game stocks still prefer Tencent and NetEase, Inc-S, while Tencent has the highest fundamental score, with its successful overseas mergers and acquisitions, global game distribution network and strong R & D capabilities. however, the current high base may lead to a slowdown in overseas growth and rating buying. The bank believes that NetEase, Inc's recent investment in overseas studios has dragged down short-term gross margins, but due to the current low base, there will be upward potential in the long run. With the increasing pressure on the gaming industry, it is believed that the company will shift its focus to overseas expansion and is expected to achieve significant long-term revenue growth opportunities and boost gross margins, the report said. Under basic circumstances, the potential revenue of mainland game developers in the overseas market is expected to reach US $44 billion by 2027, similar to the US $46 billion in the mainland's local game market in 2021, equivalent to a compound growth rate of 16% in 2022-27.

• Pioneering Securities: Sichuan Electric Power supply upgrade, pay attention to the revaluation of Electric Power assets

Pioneer Securities pointed out on August 18 that although the power consumption situation in some areas is tight, there will be no large-scale "switching" phenomenon, but the "tight balance" of power supply and demand will continue in the future. Under the background of tight balance between power supply and demand, nuclear power which belongs to "base load power supply" and thermal power plants with both "base load power supply" and high flexible regulation attributes are expected to usher in a revaluation. Maintain the industry's "bullish" investment rating.

• HSBC Research: will$Tencent (00700.HK) $The target price is raised from HK $475 to HK $495.

HSBC Research released a report that Tencent's second-quarter results were better than expected, and earnings growth may be achieved by cutting costs and advancing advertising performance growth to the third quarter of 2022. The bank raised the group's adjusted net profit forecast for 2022-2024 by 8 per cent to 9 per cent and its target price from HK $475 to HK $495, maintaining rating buying. The bank said Tencent had sufficient resources to fund buybacks and dividends, and while the reduction of Prosus and Naspers holdings by Tencent may continue to be a negative factor, Tencent may resume buybacks after the results are announced to offset this impact because management believes the shares are undervalued.

• Big Motors: maintain$China Resources Beer (00291.HK) $Increase the rating and raise the target price to HK $64

Morgan Stanley issued a report saying that China Resources Beer's management is optimistic about sales growth and further high-end development, and is expected to record low-unit growth in overall sales in the second half of the year, in order to promote positive sales growth for the whole year, and has a positive view on the high-end trend. The industry is expected to grow by more than 20% in the next five years. The bank said it raised its sales and recurrent profit forecasts for 2022 to 2024 by about 2 per cent and between 2 per cent and 3 per cent respectively, taking into account better-than-expected profit performance in the first half of the year and recent sales performance. It also expects sales and recurrent profits to rise 9 per cent and 20 per cent this year, and raised its target price from HK $60 to HK $64, maintaining its rating as overweight.