This week, the weakness of Hong Kong stocks fluctuated, with the Hang Seng Index down 2.26%, the Hang Seng Technology Index down 5.04% and the National Index down 2.92%. For individual shares, $Shandong Xinhua Pharmaceutical Co., Ltd. (00719.HK) $Surging more than 83% this week, the company said it was working overtime to produce ibuprofen tablets, vitamin C tablets and other markets in urgent need of drugs.

$AAG ENERGY (02686.HK)$It is up nearly 30% this week, as the market hopes that parent company New Natural Gas will propose to privatize Asia-American Energy.Sichuan Liming Energy Development Co., Ltd. will increase its investment in Hong Kong Liming Holdings Limited by no more than 2 billion yuan or the equivalent of Hong Kong dollars in cash, New Natural Gas announced on December 9. New natural gas announced on the same day that the company intends to apply to the bank for a comprehensive credit line of no more than 2.5 billion yuan, with a credit period of one year.

$SITC (01308.HK)$With a weekly increase of more than 25%, collection and transportation companies continue to expand the scale of shift reduction to stabilize freight rates, and the decline in freight rates has slowed down in the past three weeks.The European and Mediterranean lines both fell by less than 2% in a week.

$H&H INTL HLDG (01112.HK)$The weekly increase is nearly 22%, and the cumulative increase within the month has been nearly 80%.Abbott Laboratories China official announced on December 14 that it will adjust its business, focus on developing medical nutrition business, and will gradually stop the operation and sale of infant and child nutrition products in the Chinese mainland market, which will be gradually completed in the coming year. Only cross-border channels will be retained. According to the company's unaudited operating data for the first nine months of 2022, as of September 30, 2022, the group's revenue was 9.18 billion yuan, a reported increase of 13.4%. Among them, infant nutrition and care products business (BNC) revenue reached 4.75 billion yuan, the largest contribution group revenue share.

$VINDA INT'L (03331.HK)$The weekly increase is nearly 19%.Recently, A, H shares paper plate collectively higher, the analysis pointed out that due to the impact of the upstream pulp raw material prices fell sharply, accounting for 70% of the cost of raw materials began to plummet, the paper plate may usher in Davis double-click.According to CICC, paper mills are expected to enjoy low-cost pulp cost dividends in February-March, while profit elasticity may continue to show month-on-month in the second-third quarter of next year; if pulp prices continue to fall faster than expected, the specialty paper sector will have room for super-market expectations in 2023.

On the other hand, the weaker stocks this week are as follows:

Looking forward to the future, Everbright Securities believes that the PCAOB statement "boots landed", the risk of delisting of China-listed stocks is further lifted, which is good for the valuation and repair of the Internet plate. The Internet sector has undergone a long-term adjustment affected by the superposition of multiple factors, and its valuation is low; the bottom of the current platform economic policy has arrived, and the adjustment of domestic epidemic control policies has boosted the expectation of economic recovery. We are optimistic about the double repair of the valuation and performance of the Internet sector of Hong Kong stocks in the past 23 years.