Futu News on November 17 | Hong Kong stocks opened lower in the morning. The Hang Seng Technology Index fell 4.81% to close the 3600 mark, while the Hang Seng Index and the National Index fell 2.53% and 2.95% respectively.
By midday's close, Hong Kong stocks were up 326, down 1335, and closed flat at 1278.
Plate aspectLarge-scale technology stocks fell collectively, with Meituan and Baidu, Inc. down nearly 6%, BABA down 4% and Tencent down more than 2%.
Auto stocks continued to fall. XPeng Inc. fell nearly 11%, NIO Inc. fell more than 8%, Li Auto Inc. fell more than 7%, and retail sales in the passenger car market fell 12% in the second week of November compared with the same period a year earlier.
Mobile game stocks opened high and left low, heartbeat company fell by more than 14%, NetEase, Inc fell nearly 11%, and middle-hand swimming fell nearly 8%.
As Micron Technology Inc was bearish about the market outlook, the semiconductor sector generally fell, Hua Hong Semiconductor fell nearly 4%, Semiconductor Manufacturing International Corporation fell nearly 3%.
Inner housing stocks and property management stocks continued to fall back. Xuhui Holdings fell nearly 5%, Vanke fell nearly 3%, and Xuhui Yongsheng Service fell by more than 7%.
The insurance sector led the decline, with Zhongan Online and Ping An Insurance down more than 5%, AIA Group Limited and China Taiping down more than 2%.
In other respects, biomedical stocks, power stocks and coal stocks all fell. However, some agricultural products stocks and telecommunications services stocks are in the red.
Individual stocks，$TENCENT (00700.HK)$Drop by more than 2%$Meituan-W (03690.HK)$It fell nearly 6%, and the financial report showed that Tencent's net profit increased by 2% compared with the same period last year, stabilizing after four consecutive quarters of profit decline. In addition, the company will declare 958 million Meituan shares as a special dividend.
$NetEase, Inc.-S (09999.HK)$Plummeting nearly 11%, the company responded to the suspension of cooperation with Activision Blizzard, saying that after long negotiations, it was still unable to agree on some key terms of cooperation with Activision Blizzard.
XPeng Inc.-W (09868.HK) $fell nearly 11% to lead auto stocks lower. Xiaomo had previously said that given that part of the recovery in demand was due to lower prices, and the recent reduction in battery production also indicated that the first quarter of 2023 may inevitably record a decline.
CANSINOBIO (06185.HK) $has risen nearly 2%. According to news, Beijing has started CANSINOBIO inhaled COVID-19 vaccination one after another.
$CLOVER BIO-B (02197.HK)$It rose by more than 22% against the market, and nearly tripled this month. During this period, capital going south has greatly increased its holdings by 8%.
Daiwa: l$TENCENT (00700.HK)$Target price to HK $400, quarterly results are expected and in-kind allocation of Meituan
Daiwa reported that Tencent's third-quarter results were better than the bank's expectations, especially in online games and advertising, indicating that adjusted profits returned to positive year-on-year growth (up 2 per cent), mainly driven by cost control, while Tencent also announced the physical allocation of Meituan. The bank reiterated its "buy" rating on Tencent, raising its target price to HK $400 from HK $395 as its valuation extended to 2023 and raised its earnings per share forecast for 2022 to 2024 by 1-6 per cent because of rapid growth in advertising revenue. The online advertising business shows a clear growth path in 2023, and it is expected that the company's video stream advertising is likely to become a new revenue pillar, and the company is expected to reach a milestone of 1 billion yuan in the fourth quarter of this year. According to management, access to different audiences through video accounts results in a pricing premium compared to their short video counterparts.
Half-day turnover TOP20
For more popular sections, please see "Futu Niuniu app- Market-Thermal Map":
Edit / new