Futu News June 12th - The three major Hang Seng indices fell all day today. As of the close, the Hang Seng Index fell 1.31% and lost the 18,000 mark, while the National Index and the Hang Seng Technology Index fell by 1.44% and 1.71%, respectively.

As of the close, 697 stocks rose, 1192 fell, and 1132 remained flat on Hong Kong stocks.

The specific industry performance is as follows:

In terms of sectors, network technology stocks fell across the board, Alihealth fell more than 6%, Meituan, Ctrip fell more than 2%, Tencent, Alibaba fell nearly 1%.

Biotechnology sector was strong all day, Wuxi Apptec rose by more than 14%, Wuxi Biologics rose by more than 10%, Wuxi Joint-Alliance rose by more than 8%.

Apple concept stocks were strong, AAC Tech rose nearly 6%, Q Tech, BYD Electronic both rose by nearly 4%.

Semiconductor stocks continued to be under pressure with SMIC, Solomon Systech fell more than 4%, Hua Hong Semi fell more than 1% in the afternoon.

Automobile stocks fell sharply, with Everg Vehicle falling by nearly 21%, Nio Inc. falling by more than 8%, and Xpeng falling by more than 5%.

In terms of individual stocks,$WUXI APPTEC (02359.HK)$Wanka Online rose by more than 8%, and the company responded that the inclusion of the Biodefense Bill in the NDAA was not approved, and the company will continue to closely monitor legislative progress in this area.

Mainland real estate stocks continued to weaken.$SHIMAO GROUP (00813.HK)$New home sales during the Dragon Boat Festival holiday fell short of expectations, and the sustainability of real estate policies needs to be observed. Mainland Real Estate was the sector leader with a decline of more than 6%.

$EVERG VEHICLE (00708.HK)$Everg Vehicle fell nearly 21%, after being ordered to rectify and return 1.9 billion yuan in subsidies.

$PACIFIC BASIN (02343.HK)$HSBC previously stated that the company's first-half earnings may fall short of expectations, and it continued to sink, down by more than 5%.

$CGN POWER (01816.HK)$Titanium stocks rose by more than 4%.

$WANKA ONLINE (01762.HK)$There was a net inflow of HKD 6.871 billion from Hong Kong stocks (southbound) today.

Today's top 10 Hong Kong stock turnover

Hong Kong Stock Connect Fund

China International Capital Corporation is optimistic about the possibility of Apple AI driving replacement cycle and is paying attention to related concept stocks.

Institutional perspective

• According to a research report released by China International Capital Corporation, Apple Intelligence is an important symbol of Apple's entry into the AI terminal market. Coupled with the computing power support of end-cloud collaboration, the issue of user privacy is expected to be resolved. At the same time, this Apple Intelligence is only supported by the iPhone 15 Pro series and M series iPad and MacBook products. The bank believes that due to the large amount of memory consumption for model training and inference, older models with insufficient memory cannot experience related functions, so it is optimistic that Apple AI will drive the replacement cycle and related concept stocks.

According to a research report by CICC, Apple Intelligence is an important milestone for Apple's entry into AI terminals. With the support of edge-cloud collaborative computing, privacy issues are expected to be resolved. At the same time, this Apple Intelligence is only available on iPhone 15 Pro series, M series iPad and Macbook products. The bank believes that the main reason is that model training and inference consume a lot of memory, and old models with insufficient memory cannot experience related functions. Therefore, bullish on the prospects of Apple AI driving a replacement wave.

The bank is optimistic about the future hardware average price and shipment volume, which is expected to be driven by Apple's replacement cycle. As for H shares, investors are advised to pay attention to; For A shares, investors are advised to pay attention to Luxshare Precision Industry (002475.SZ), Lens Technology (300433.SZ), Avary Holding (002938.SZ), Shenzhen Sunway Communication (300136.SZ), Zhuhai Glory Electronic (688772.SH), Suzhou Dongshan Precision Manufacturing (002384.SZ), Universal Scientific Industrial (Shanghai) Co., Ltd. (601231.SH), Goertek Inc. (002241.SZ), Suzhou Anjie Technology (002635.SZ), Zhejiang Crystal-Optech (002273.SZ), Sunwoda Electronic (300207.SZ), and Shenzhen Desay Battery Technology (000049.SZ). $AAC TECH (02018.HK)$, $COWELL (01415.HK)$, $SUNNY OPTICAL (02382.HK)$, $BYD ELECTRONIC (00285.HK)$China Merchants Energy Shipping (601872.SH) is recommended to buy in the second and third quarters of this year during the off-season, according to Morgan Stanley's research report, as the tight supply is expected to lead to a rising cycle of oil tankers in the next 1-2 years. If the Red Sea continues to interfere, the rising trend of spot freight rates for containers may continue until summer, but the problem of oversupply still remains a concern. $Luxshare Precision Industry (002475.SZ)$, $Lens Technology (300433.SZ)$, $Avary Holding (002938.SZ)$, $Foxconn Industrial Internet (601138.SH)$, $Shenzhen Sunway Communication (300136.SZ)$, $Zhuhai CosMX Battery (688772.SH)$, $Suzhou Dongshan Precision Manufacturing (002384.SZ)$, $Universal Scientific Industrial(Shanghai)Co., (601231.SH)$, $Goertek Inc. (002241.SZ)$, $Suzhou Anjie Technology (002635.SZ)$, $Zhejiang Crystal-optech (002273.SZ)$, $Sunwoda Electronic (300207.SZ)$, $Shenzhen Desay Battery Technology (000049.SZ)$and other companies.

• Morgan Stanley: If the Red Sea interference continues, the rising trend in container spot freight rates may continue into summer.

Goldman Sachs stated that oil tanker demand will remain very optimistic for the next 1-2 years due to tight supply. If the Red Sea interference continues, the rising trend of spot freight rates for containers may continue until summer, but the problem of oversupply still remains a concern. The bank advises investors to buy during the off-season in the second and third quarters of this year. $COSCO SHIP ENGY (01138.HK)$ and $China Merchants Energy Shipping (601872.SH)$.

• Goldman Sachs maintains a 'buy' rating on Meituan and the new buyback plan demonstrates the company's continued commitment to returning value to shareholders.

Goldman Sachs released a report stating that $MEITUAN-W (03690.HK)$The board of directors has approved the buyback of up to $2 billion in Class B common stock in the open market. The company completed a $1 billion buyback announced in November last year on about February 7. The new buyback plan, equivalent to 2.3% of the market value, is believed to demonstrate the company's continued commitment to rewarding shareholders.

Editor/Emily