According to Futu News on March 8, Hong Kong stocks were weak throughout the day. By the close, the three major indexes had fallen, with the Hang Seng Index down 2.35%, the Hang Seng Technology Index down 3.23%, and the National Index down 2.68%.
By the end of the day, Hong Kong stocks were up 480, down 1419, and closed flat at 1090.
The specific industry performance is shown below:
In terms of the plate, science and Internet stocks fell generally, Meituan, XIAOMI and JD.com fell by more than 4%, BABA, Baidu, Inc. and Bilibili Inc. fell by more than 3%, and Tencent and Kuaishou Technology fell by more than 2%.
Education stocks tumbled, thinking music education fell nearly 17 per cent, New Oriental Education & Technology Group-S and New Oriental Education & Technology Group fell about 10 per cent online.
Auto stocks fell, XPeng Inc. fell by more than 7%, Li Auto Inc. and Great Wall Motor fell by about 6%, and Geely Automobile fell by more than 4%.
Apple Inc's concept stock fell, Sunny Optical, BYD Electronic and AAC Technologies Holdings Inc. fell by more than 3%, and Gao Wei fell by more than 2%.
Infrastructure stocks rose against the market, with China Communications and Construction up more than 5%, China Rallway and China Railway Construction Corporation up more than 2%.
Individual stocks$TVB (00511.HK)$The stock price soared 85%. TVB Taobao was broadcast live for the first time, with sales of 23.5 million in six hours.
$HK TECH VENTURE (01137.HK)$Up more than 27%, its e-commerce platform live section "HKTVLive" plans to launch in May.
$TRANSCENTA-B (06628.HK)$Up more than 9%, the company's targeted CLDN18.2 immune PET probe released the results.
$GOME RETAIL (00493.HK)$It rose by more than 2%, and the Goddess Festival Super Live GMV increased by 18% month-on-month. The company previously said it would deepen MCN cooperation and increase the live streaming business.
$GREATWALL MOTOR (02333.HK)$Falling more than 5%, the agency said the company's sales of new energy vehicles were lower than expected, and the market was worried about the coming wave of price cuts for fuel vehicles.
Today's turnover of Hong Kong shares TOP20
Hong Kong stock exchange fund
As for Hong Kong Stock Connect, there was a net inflow of HK $7.555 billion from Hong Kong Stock Connect (southbound) today.
Institutional viewpoint
Goldman Sachs Group: maintain HKEx's buy rating with a target price of HK $437
Goldman Sachs Group released a research report saying that to maintain$HKEX (00388.HK)$The "Buy" rating continued on the "sure Buy" list, but the earnings per share forecast was downgraded to reflect the relatively weak situation in February, with the target price lowered from HK $441 to HK $437. The bank believes that the upward cycle of trading volume on the HKEx will continue to be supported by the macro and corporate earnings recovery and the clarity of listing rules.
Daiwa: maintain Trip.com 's "outperform" rating, and raise the target price to HK $322
Daiwa released a research report saying that maintenance$TRIP.COM-S (09961.HK)$"outperform the market" rating, due to the high profit margin of outbound travel business, Trip.com 's income recovery is expected to be stronger than expected in the second half of this year, or promote earnings growth, raising the target price from HK $310 to HK $322. The company's revenue and operating profit exceeded expectations in the fourth quarter of last year, and the revenue outlook for the first quarter of this year also improved. In February this year, the capacity of international routes returned to 15% of that in the same period in 2019, up significantly from 8% in January. It is expected that it will return to 70% and 80% of the same period in 2019 by the end of this year.
Credit Suisse: maintain SITC International Holdings's "outperform" rating, raising the target price to HK $21.50
Credit Suisse released a research report that maintained$SITC (01308.HK)$The "outperform" rating was raised by 7.5 per cent from HK $20 to HK $21.5. According to the report, the company made a net profit of $1.944 billion last year, meaning a net profit of $776 million in the second half of the year, in line with the bank's expectations. Fourth-quarter shipping volume was flat year-on-year, beating the bank's expectations and offsetting a weaker-than-expected freight performance (down 18 per cent). The final dividend is 1.6 yuan per share, with a dividend ratio of 70%, which means that the dividend yield is 17%, in line with expectations.
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