Futu News reported on November 8 that the three major indices of Hong Kong stocks fluctuated downward. The Hang Seng Index closed down 0.58%, the Science Index fell 0.86%, and the National Index fell 0.78%.
By the close, Hong Kong stocks had risen 804 shares, down 1,069 shares, and closed at 1,091 shares.
The specific industry performance is as follows:
In terms of the sector, Science Network shares generally declined.Bilibili fell more than 2%, Baidu, Alibaba, JD, and Kuaishou fell about 1%, Meituan, NetEase, and Tencent fell slightly, and Xiaomi rose more than 2%.
Auto stocks continued to decline,Xiaopeng fell by more than 7%, Ideal and Zero Run by more than 4%, Great Wall and Yadi by about 3%, Geely and NIO by more than 2%, and BYD by nearly 1%.
Housing stocks and property management stocks soared at the end of the session.Sunac China rose more than 30%, Country Garden rose more than 12%, Ocean Group rose about 10%, Longhu Group rose nearly 7%, Greentown China and China's Jinmao rose about 4%, and Vanke Corporation rose more than 3%.
Domestic insurance stocks have declined one after another,China Ping An fell by more than 5%, China Taibao by nearly 4%, China Life Insurance by more than 2%, and AIA by more than 1%.
Oil stocks fell in unison,Pudat Technology fell 12%, CNOOC and CNPC shares fell by more than 2%, and Sinopec fell slightly.
Gold stocks are under pressure,Zijin Mining fell by more than 2%, while Zhaojin Mining and Shandong Gold fell by more than 1%.
Other aspects, the short drama market grew rapidly during the year, movie concept stocks were strong, and Alibaba Pictures and Maoyan Entertainment all bucked the trend.
In terms of individual stocks,$WUXI BIO (02269.HK)$Up nearly 4%, Pharmacology Coalition plans to sell about 178 million shares globally.
$COUNTRY GARDEN (02007.HK)$With an increase of more than 12%, it is planned to hold joint wealth and boost brokerage business.
$CNOOC (00883.HK)$It fell by more than 2%, demand concerns resurfaced, and oil prices plummeted by more than 4% overnight.
$LI AUTO-W (02015.HK)$It fell by more than 4%. Last week's sales volume did not exceed 10,000, and institutions are optimistic that bicycle profits will continue to rise.
$PING AN (02318.HK)$The decline was more than 5%, false reports were clarified, and regulations recently regulated short-term health insurance business.
$XPENG-W (09868.HK)$Falling more than 7%, AEB Technology sparked heated debate. Major banks said that Xiaopeng's gross margin recovery was slower than expected.
Today's Top 20 Hong Kong Stock Turnovers
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, there was a net outflow of HK$1,358 billion from Hong Kong Stock Connect (southbound) today.
Agency Perspectives
Daimo: Giving China Peace an “increase in holdings” rating, with a target price of HK$75
Daimo released a research report saying that$PING AN (02318.HK)$“Excess holdings” rating, with a target price of HK$75. The bank believes that Pingbao's business model has been successful, is optimistic about the refined business of customers, complementary advantages among major subsidiaries, and attractive long-term return on equity, and remains optimistic about the long-term development of this more defensive stock.
Changjiang Securities: Maintaining the “buy” rating of ideal cars, bicycle profits are expected to continue to rise in the future
Changjiang Securities released a research report saying, maintain$LI AUTO-W (02015.HK)$The “buy” rating, and the “dual energy strategy” are expected to further expand the advantages of ideal cars. The subsequent launch of new models will further improve the ideal product matrix and increase the ideal overall sales space. The sales volume is expected to reach 360,000 to 610,000 units (neutral) in 2023-2024. At the same time, the scale effect is expected to further increase the level of profit margins, and bicycle profits are expected to continue to rise in the future.
Nomura: Maintaining Meituan's “buy” rating, with a target price of HK$184
Nomura released a research report saying, maintain$MEITUAN-W (03690.HK)$“Buy” rating, target price HK$184. The bank predicts that the company's third-quarter revenue increased 21% year over year to 76.1 billion yuan, which is generally in line with market expectations. Its non-GAAP (non-GAAP) earnings per share forecast increased 54% year over year to 8.8 cents, slightly higher than market expectations of 8.7 cents, which is generally in line with market expectations.
Edit/Chris