Futu News reported on November 22 that the three major indices of the Hong Kong stock market fluctuated and settled flat. The Hang Seng Index rose slightly, the Science Index fell 0.18%, and the National Index fell 0.03%.
By the close, Hong Kong stocks had risen 766 shares, down 1,074 shares, and closed 1127 shares.
The specific industry performance is as follows:
On the sector side, Internet stocks had mixed ups and downs. Baidu rose more than 4%, Kuaishou rose nearly 3%, Alibaba, NetEase, and Meituan rose about 1%, Bilibili fell more than 2%, Xiaomi Group fell more than 1%, and JD Group and Tencent Holdings fell slightly.
Auto stock trends were divided. Zero Sports Auto rose more than 2%, Brilliance China rose more than 1%, Xiaopeng Motor fell more than 2%, Geely Automobile, Great Wall Motor, and NIO fell more than 1%, and BYD shares fell about 1%.
Domestic housing stocks and property management stocks were strong throughout the day. Country Garden rose nearly 5%, Sunac China rose more than 4%, Ocean Group rose more than 3%, and Longhu Group, China Overseas Development, and Vanke Corporation rose nearly 1%.
Most pharmaceutical stocks fell. Genting Xinyao fell nearly 7%, Kingsray Biotech and Pharmacology Kant fell by more than 3%, Pharmaceuticals Biotech fell by more than 2%, Connaught fell nearly 2%, and Kangfang Biotech fell by more than 1%.
Most semiconductor stocks were under pressure. Huahong Semiconductor and CLP Huada Technology fell more than 2%, and SMIC and Shanghai Fudan fell more than 1%.
Gold stocks generally rose. Lingbao Gold rose more than 4%, Zhaojin Mining and Shandong Gold rose about 3%, and Zijin Mining rose slightly.
In other aspects, experts say that the development of vocational education in China has entered the fast track, with education stocks rising collectively, leading the K12 education concept direction; camera module shipments have declined or expanded to 8.9% per year, mobile phone industry chain stocks have plummeted, and Tongda Group has fallen sharply by more than 15%.
In terms of individual stocks,$KUAISHOU-W (01024.HK)$With an increase of nearly 3%, the Kuaishou Big Model has reached the industry's leading level on the same scale.
$SUNAC (01918.HK)$The increase was more than 4%, and the company's overseas debt was successfully restructured, and Huarong received a loan of 3.48 billion yuan from Huarong for the Shanghai Yalong project.
$EAST BUY (01797.HK)$The increase was more than 4%, and it is planned to sell education business to parent company New Oriental for 1.5 billion yuan.
$BIDU-SW (09888.HK)$The increase was more than 4%, and the profit attributable to shareholders in the third quarter was 6.681 billion yuan, turning a year-on-year loss into a profit.
$GOME RETAIL (00493.HK)$The increase was more than 30%, saying that the possibility of exploring new retail project opportunities in the future is not ruled out.
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$5.163 billion today.
Agency Perspectives
CICC: Maintaining the Xiaomi Group's “outperforming the industry” rating, the target price increased by 8.6% to HK$19
CICC released a research report saying that it maintains$XIAOMI-W (01810.HK)$The “Outperform the Industry” rating, considering that the gross margin of Xiaomi phones exceeded expectations, raised the adjusted net profit forecast for this year and next two years by 3.4% and 3.3% to 17.152 billion yuan and 15.586 billion yuan respectively. Based on optimism about high-end mobile phones, the target price was raised 8.6% to HK$19.
Daiwa: Maintains Ctrip Group's “buy” rating, and the target price rises to HK$430
Yamato released a research report saying, maintain$TRIP.COM-S (09961.HK)$“Buy” rating, target price increased 10% from HK$390 to HK$430. The company's adjusted operating profit margin reached a record high of 32% in the third quarter, but it is generally in line with investor expectations. It is believed that further relaxation of visa conditions and improved capacity will be the main driving force for outbound travel revenue.
Jefferies: Maintaining Kuaishou's “buy” rating, the target price was raised to HK$114
Jefferies released a research report saying, maintain$KUAISHOU-W (01024.HK)$The “buy” rating believes that its fundamentals are stable, and the target price was raised from HK$113 to HK$114. According to the report, the company's third-quarter revenue was in line with expectations, and adjusted net profit exceeded expectations.
Edit/Chris