Futu Information on December 6 | Hong Kong stock market volatility weakened, the Hang Seng Index fell 0.4%, the Hang Seng Index fell 1.82%, and the National Index fell 0.8%.

As of the close, Hong Kong stocks rose 916, fell 975, and closed flat at 1056.

The specific industry performance is shown below:

Plate aspectScience and Internet stocks generally fell.Bilibili Inc. fell nearly 7%, BABA fell more than 3%, JD.com fell more than 2%, NetEase, Inc fell more than 5%, Tencent and Meituan fell slightly.

Real estate and property management stocks strengthened in the afternoon.Xuhui Holdings rose by more than 12%, Sunac Services by more than 13% and Country Garden Services Holdings by nearly 4%.

Education stocks maintained a rising trend throughout the dayOriental education in China has risen by nearly 12%. It is hoped that education will rise by more than 6%, and New Oriental Education & Technology Group online by nearly 2%.

Gambling stocks rose generally.Wynn Macau rose more than 5%, MGM China rose nearly 4%, Sands China rose nearly 2%, and Galaxy Entertainment rose slightly.

Coal stocks rose slightlyYanzhou Mining Energy rose nearly 5%, Yanzhou Coal Australia rose more than 4%, China Shenhua Energy rose slightly.

Internet medical stocks weakenPing An Healthcare And Technology fell nearly 9%, Alibaba Health Information Technology fell nearly 2%, and Zhongan Online fell more than 4%.

Individual stocks$Eternity Technology (01725.HK)$Soaring nearly 66%, its "Golden Bauhinia-Qilu constellation" project 8 business stars will be launched this month.

$SCICLONE PHARMA (06600.HK)$Up nearly 18%, the company's core self-developed product, Ridaxian, has been included in the treatment guidelines issued by the National Health Commission, the Chinese Medical Association and other professional associations for the treatment of sepsis, pancreatic cancer, liver cancer, COVID-19 and gastric cancer.

$SUNAC SERVICES (01516.HK)$Up more than 13%, Guojin Securities pointed out that with the shift in real estate policy, the valuation of the property sector has been slightly repaired, and the current valuation of some high-quality property companies in the secondary market is lower than that of mergers and acquisitions in the primary market, highlighting that the impact of property stocks dragged down by real estate is far greater than the negative performance level.

$NAYUKI (02150.HK)$It rose nearly 5 per cent after it announced plans to buy a 44 per cent stake in Lele Tea by 525 million.

$YANKUANG ENERGY (01171.HK)$Up nearly 5%, the agency expects international seaborne coal prices to continue to strengthen in the future.

$MEDBOT-B (02252.HK)$Up by more than 8%, the swan ®orthopedic surgery robot has been certified by European CE.

Today's turnover of Hong Kong shares TOP20

Institutional viewpoint

• Morgan Stanley: optimistic about the follow-up recovery of gaming stocks, preferring Sands China and Wynn Macau

According to a research report released by Morgan Stanley, Macau gaming stocks rose in November due to the resolution of the gambling card problem, and the industry has outperformed the Hang Seng Index by 32% year-to-date. However, the industry's market capitalization is still 42 per cent below its pre-epidemic level at the end of 2019. Preference in Macau gaming stocks$SANDS CHINA LTD (01928.HK)$、$WYNN MACAU (01128.HK)$. The bank believes that epidemic mitigation and travel will be key themes for Macau's gaming industry next year, which could normalize industry revenues in 2024.

• CICC: give BABA a rating that outperforms the industry, with a target price of HK $137

CICC released a research report saying that$BABA-SW (09988.HK)$The "outperform industry" rating, revenue and profit forecasts remain unchanged, with a target price of HK $137, with 48% room for growth. Recently, the bank invited BABA management to conduct a non-trading roadshow, where the group answered key questions of concern to the market, including changes in monetization, advertising adjustment, e-commerce performance in the fourth quarter and next year, and trends and prospects for the cloud computing industry. The bank is optimistic about the cloud process of enterprises for a long time, and the cloud computing business is expected to recover gradually.

• CITIC: maintain XPeng Inc. 's "buy" rating, and lower the target price to HK $51

CITIC released a research report saying that to maintain$XPENG-W (09868.HK)$According to the "Buy" rating, competition in the price range of P7 and P5 this year has become increasingly fierce due to the increase in high-quality supply; in addition, Tesla, Inc. 's October price reduction has had an impact on its sales, and the market feedback after the launch of the new model G9 has been lower than expected, resulting in weak 22Q4 sales guidelines, and intensified competition has also put some pressure on 2023-24 sales, with the target price lowered to HK $51.

• CICC: maintain Naxue's tea-neutral rating, with the target price rising to HK $7.3

CICC released a research report saying that maintaining$NAYUKI (02150.HK)$The "neutral" rating, carefully considering the impact of the epidemic, lowered its adjusted net profit forecast by 70 million yuan to-270 million yuan in 2022, 28% to 260 million yuan in 2023 (650 million yuan in 2024), and raised the target price by 18% to HK $7.30. The company announced on December 5 that it intends to invest 525 million yuan in the operation of Lele Tea Brand Shanghai Tea Catering Management Co., Ltd. after completion, it is expected to hold about 43.64% of its expanded equity equity. The bank recommends paying attention to the process of improving Lele Tea's profitability and thickening its performance in the future.

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