Futu News reported on November 9 that the three major indices of Hong Kong stocks had mixed ups and downs. The Hang Seng Index closed down 0.33%, the Science Index rose 0.08%, and the National Index fell 0.16%.
By the close, Hong Kong stocks had risen 651 shares, down 1,172 shares, and closed at 1,143.
The specific industry performance is as follows:
In terms of the sector, SciNet stocks had mixed ups and downs.JD fell about 2%, Baidu and Tencent fell nearly 1%, Alibaba fell slightly, Xiaomi and NetEase rose about 2%, Bilibili rose more than 1%, and Kuaishou rose slightly.
Auto stocks have been rising one after another,Ideal rose nearly 4%, Brilliance China rose more than 2%, Xiaopeng and BAIC rose more than 1%, Zero Run rose nearly 1%, and BYD rose slightly.
Domestic housing stocks and property management stocks continued to decline.Country Garden fell nearly 10%, Sunac China and Yuexiu Real Estate fell nearly 9%, Ocean Group fell nearly 8%, Xincheng Development fell more than 6%, Longhu Group fell more than 5%, and China Resources Land fell more than 3%.
Coal stocks were active throughout the day.Yankuang Energy rose nearly 4%, Shougang resources rose more than 3%, China Coal Energy rose more than 2%, and China's Shenhua rose more than 1%.
Gaming stocks have plummeted.MGM China fell more than 4%, Sands China Limited and Wynn Macau fell nearly 3%, and Bank Entertainment fell about 2%.
Other aspects, in October, Chinese mobile game manufacturers absorbed a total of 1.91 billion US dollars, and game concept stocks generally strengthened. China's mobile games experienced an impressive 10% rise in the intraday period; telecom stocks, gold stocks, and port shipping stocks mostly rose.
In terms of individual stocks,$Link Real Estate Investment Trust (00823.HK)$The increase was nearly 3%, and the total amount of distributable increased 1.7% year over year to HK$3,333 billion.
$LI AUTO-W (02015.HK)$The increase was nearly 4%, and the cumulative delivery volume of models sold exceeded 100,000 vehicles.
$PING AN (02318.HK)$The decline was more than 1%, false reports were clarified, and regulations recently regulated short-term health insurance business.
$HUTCHMED (00013.HK)$Down 5%, Takeda obtained approval from the US FDA for FRUZAQLA (furoquintinib).
$COUNTRY GARDEN (02007.HK)$A drop of nearly 10%. The Wall Street Journal reports that Ping An of China will buy Country Garden, and Ping An of China refutes rumors.
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 inflow of HK$5.041 billion today.
Agency Perspectives
Citibank: Maintaining the “buy” rating, with a target price of HK$61.4, reiterated as the first choice
According to a report published by Citi,$Link Real Estate Investment Trust (00823.HK)$The interim results were in line with the bank's and market expectations. Revenue increased 11.3% year-on-year to HK$6.725 billion, equivalent to 49.2% of the bank's full-year forecast of HK$13.68 billion. The increase in rental income was mainly due to newly acquired Singaporean assets and the strong performance of the Hong Kong market. The increase in rental income was mainly due to newly acquired Singaporean assets and the strong performance of the Hong Kong market. The renewal rent of the Hong Kong retail business increased by 8.7% during the period, in line with the guidelines.
Omo: Maintaining Galaxy Entertainment's “Accumulation” rating, with a target price of HK$58
Morgan Stanley published a report saying$GALAXY ENT (00027.HK)$Quarterly results were in line with expectations. The adjusted EBITDA for the third quarter rose 17% quarterly to HK$2,881 billion, in line with the bank's and market expectations. The share of the midmarket market rose 1.1 percentage points to 19.1% on a quarterly basis, which was better than the bank's expectations and was positive. Total midfield gaming revenue increased 18% on a quarterly basis, reaching 105% in the same period in 2019. The bank gave it a target price of HK$58 and maintained its rating as “increased holdings”.
Bank International: The industry preferred BYD, with a target price of HK$309.67 and a “buy” rating
According to a report issued by Bank International, passenger car sales in the mainland reached 2,033 million units in October 2023, continuing to reach the highest level in the same period since 2018.$BYD COMPANY (01211.HK)$It is still the first choice. The target price is HK$309.67. We are optimistic about the increase in sales of high-end models and the continued increase in exports in the second half of the year.
Edit/Chris