Futu Information on November 29 | the three major indexes of Hong Kong stocks rose further in late trading. The Hang Seng Index rose 5.24%, rose 905 points, regained the 18000 mark, the National Index rose 6.2%, and the Hang Seng Technology Index rose 7.66%. There was a net outflow of HK $1.098 billion from southward funds throughout the day.

As of the close, Hong Kong stocks rose 1393, fell 512, and closed flat 1040.

The specific industry performance is shown below:

In terms of the plate, the science and Internet stocks rose collectively.Bilibili Inc. rose by more than 13%, Meituan by more than 11%, JD.com by nearly 11%, BABA by 9% and Kuaishou Technology by more than 8%.

Inner housing stocks and property management stocks are strong throughout the day.Sunac Services rose 25%, China Vanke and Country Garden Services Holdings rose more than 13%, and Longfor Group rose more than 11%.

Anti-epidemic concept stocks strongly pull upGregory Pharmaceuticals rose by more than 15%, CANSINOBIO by more than 6%, Clover by nearly 6%, and Tengshengbo by more than 4%.

Auto stocks rose in the afternoon.Li Auto Inc. rose by nearly 13%, Great Wall Motor by more than 10%, Geely Automobile by more than 6%, XPeng Inc. and NIO Inc. by more than 5%.

Gaming stocks continue to riseMelco International Development rose nearly 14 per cent, Wynn Macau rose nearly 13 per cent, and Galaxy Entertainment and SJM Holdings rose more than 6 per cent.

Individual stocks$JD.com, Inc.-SW (09618.HK)$Up nearly 11%, CITIC Construction Investment said that the overall cross-border e-commerce has entered a stage of stable development this year.

$CANSINOBIO-B (06185.HK)$With an increase of more than 6%, the State Council issued the work Plan for strengthening the vaccination of novel coronavirus for the elderly.

$Haidilao International Holding (06862.HK)$It surged nearly 12%, bringing the market capitalization back above HK $90 billion.

$Jinxin Fertility (01951.HK)$It rose by nearly 14%, and increased by more than 20% in two days.

$Everbright (06178.HK)$Up more than 6%, institutions refer to the phased recovery of market trading, optimistic about the value of plate valuation and repair.

Today's turnover of Hong Kong shares TOP20

Institutional viewpoint

• Daiwa: reiterate their positive views on Chinese Internet stocks, Tencent is the first choice for the industry.

According to a research report released by Daiwa, the weak flow of major games in China in the third quarter may be a drag on overall game revenue in the first half of next year. The bank reiterated its positive view on the Chinese Internet sector, and this month's industry preferences are as follows$TENCENT (00700.HK)$, followed by$Meituan-W (03690.HK)$、$Alibaba (BABA.US)$、$Pinduoduo (PDD.US)$和$Trip.com (TCOM.US)$. Among them, it is believed that Tencent launched major games earlier than expected, and the better-than-expected revenue from video accounts next year will be the catalyst for stock prices. Be optimistic about Meituan to improve the efficiency of takeout. It is also believed that macroeconomic improvement and stock buybacks will become catalysts for BABA's share price in the near future.

• Fu Rui: prefer original equipment manufacturers, preferred BYD and Li Auto Inc.

Fu Rui published a research report pointing out that in the face of the expiration of the stimulus measures, it is believed that overall passenger car sales will fall 10 per cent year-on-year to about 20 million next year. On the other hand, sales of new energy vehicles are expected to grow 31 per cent to 8.5 million units year-on-year next year, pushing the penetration of new energy vehicles on the mainland to about 39 per cent. The bank prefers shares in the original equipment manufacturer (OEM), which is the first choice.$BYD COMPANY (01211.HK)$及$Li Auto-W (02015.HK)$It is optimistic about BYD's pricing power in the mass market next year, as well as being a pioneer exporter in Europe. As for the ideal, it is the bank's favorite new energy vehicle start-up, which is believed to have a first-mover advantage in the hybrid market, accurate product positioning and operational efficiency.

• Bank of America Securities: the outlook of the mainland insurance market has changed, preferring AIA and Pacific Insurance.

According to a report issued by BofA Securities, the future growth prospects of the mainland insurance industry will change, and the focus will shift from former high-profit products and middle-class customers to low-profit products and mass markets. More basic products and services will be encouraged to be provided to the mass market at affordable prices, and as the middle class can buy similar products and services, the sales of high-margin products may be more challenging. The line refers to the priority.$AIA (01299.HK)$和$CPIC (02601.HK)$The target prices are HK $91 and HK $27.7 respectively, with a buy rating. Line pair$PICC P&C (02328.HK)$Maintain neutral rating, while property insurance business is defensive in nature. The target price is HK $8.4.

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