Futu News reported on September 13 that the three major Hong Kong stock indices declined slightly.$Hang Seng Index (800000.HK)$It closed down 0.09%,$Hang Seng TECH Index (800700.HK)$Decreased by 0.56%,$Hang Seng China Enterprises Index (800100.HK)$Decreased 0.39%.
By the close, Hong Kong stocks had risen 711, fell 1,164, and closed 1,086.
The specific industry performance is as follows:
In terms of the sector, Science and Technology Network stocks have generally weakened.$MEITUAN-W (03690.HK)$,$BILIBILI-W (09626.HK)$It fell more than 1%,$BIDU-SW (09888.HK)$,$JD-SW (09618.HK)$,$NTES-S (09999.HK)$,$BABA-SW (09988.HK)$,$TENCENT (00700.HK)$It fell nearly 1%,$KUAISHOU-W (01024.HK)$Slight decline.
The decline in auto stocks widened in the afternoon.$BYD COMPANY (01211.HK)$It fell nearly 3%,$XPENG-W (09868.HK)$It fell more than 2%,$GEELY AUTO (00175.HK)$It fell nearly 2%,$GWMOTOR (02333.HK)$It fell more than 1%,$NIO-SW (09866.HK)$It fell nearly 1%,$LI AUTO-W (02015.HK)$Slight decline.
The trend of real estate stocks is divided,$POWERLONG (01238.HK)$An increase of more than 6%,$AGILE GROUP (03383.HK)$An increase of more than 5%,$SUNAC (01918.HK)$An increase of nearly 4%,$COUNTRY GARDEN (02007.HK)$An increase of nearly 3%,$SHK PPT (00016.HK)$An increase of nearly 2%,$CHINA RES LAND (01109.HK)$An increase of nearly 1%,$SINO-OCEAN GP (03377.HK)$Decreased by more than 18%,$EVERGRANDE (03333.HK)$It fell more than 2%,$LONGFOR GROUP (00960.HK)$Slight decline.
Biotech concept stocks were weak throughout the day.$BEIGENE (06160.HK)$It fell nearly 3%,$AKESO (09926.HK)$It fell more than 2%,$TIGERMED (03347.HK)$It fell nearly 2%,$WUXI BIO (02269.HK)$It fell more than 1%.
Coal stocks strengthened against the market,$YANKUANG ENERGY (01171.HK)$An increase of more than 3%,$YANCOAL AUS (03668.HK)$An increase of more than 2%,$CHINA SHENHUA (01088.HK)$An increase of nearly 2%.
Other than that, lithium battery stocks, home appliance stocks, and semiconductor stocks generally declined; military stocks and power stocks rose slightly at the end of the session.$AVICHINA (02357.HK)$An increase of about 2%.
In terms of individual stocks,$XINTE ENERGY (01799.HK)$It has surged by nearly 16%. It is planned to return A-shares to raise 8.8 billion yuan. The price of silicon materials has recently risen.
$POWERLONG (01238.HK)$It has risen by more than 6%, and real estate policies have been updated in many places.
$SUNNY OPTICAL (02382.HK)$It increased by more than 3%, and shipments of mobile phone lenses increased 17% year on year in August.
$COUNTRY GARDEN (02007.HK)$With an increase of nearly 3%, the “20 Bidi 04” bond rollover plan was approved.
$BEKE-W (02423.HK)$It fell by more than 6%, and the agency said the subsequent effects of the policy are still to be seen.
Today's Top 20 Hong Kong Stock Turnovers
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, Hong Kong Stock Connect (Southbound) had a net outflow of HK$1,768 million today.
Agency Perspectives
J.P. Morgan Chase expects China's rebound to be difficult to sustain, and reiterated the proposal to absorb the views of state-owned enterprises on domestic housing at bargain prices
J.P. Morgan Chase published a report on the domestic housing industry. Domestic housing stocks have still outperformed the state-owned enterprises index in the past week. I believe the main reason is companies in trouble$SUNAC (01918.HK)$Stock prices have strengthened, but the bank believes that the trend is unsustainable, because it believes that there has been no fundamental improvement in the fundamentals of related companies, indicating that Sunac China's current valuation has reached 0.4 times the predicted market account rate, which is almost similar to the valuation level of domestic housing stocks in state-owned enterprises, and believes that this situation is unreasonable.
Morgan Stanley lowered the Bank of China Hong Kong target price to HK$25.9, and the rating was in sync with the market
According to a report published by Morgan Stanley,$BOC HONG KONG (02388.HK)$After announcing the results for the first half of the year, the profit forecast for the three fiscal years 2023 to 2025 was lowered by 3.2%, 6.2% and 6.2%, respectively. To reflect relevant adjustments, the target price was lowered from HK$26.7 to HK$25.9, and the ratings were synchronized with the market.
CICC: Shunyu has entered the peak picking season and is focusing on the new machine preparation cycle for major customers in North America
According to a report published by CICC,$SUNNY OPTICAL (02382.HK)$In August, 52.963 million mobile camera modules were shipped, down 2.9% month-on-month and 36.8% year-on-year; 108 million mobile camera modules were shipped, up 13.2% month-on-month, and 17% year-on-year. The bank believes that the Android phone market pull momentum has gradually stabilized and has entered the third quarter of the peak pickup season; in August, the monthly growth rate of mobile phone lenses was superior to that of mobile phone module products, reflecting that major North American customers have begun the traditional new phone stocking cycle.
editor/tolk