Hong Kong Stock Market News:
1) Company News
$SUNSHINE INS (06963.HK)$In the first seven months, the original premium income of China Pacific Insurance was 28.628 billion yuan, up 11.59% year-on-year; The original premium income of China Pacific Life Insurance was 58.01 billion yuan, up 13.64% year-on-year.
$CHINA POWER (02380.HK)$In the first seven months, the total sales volume of electricity was 76.5872 million megawatt hours, up 32.65% year-on-year.
$CHINA COAL (01898.HK)$In the first seven months, the sales volume of commodity coal was about 0.157 billion tons, down 7.5% year-on-year; The sales volume of commodity coal in July was 23.43 million tons, up 1.3% year-on-year.
$NCI (01336.HK)$In the first seven months, the accumulated original insurance premium income was RMB 111.875 billion, a decrease of 6.44% year-on-year.
$R&F PROPERTIES (02777.HK)$In the first seven months, the cumulative contract sales were 6.38 billion yuan, a decrease of 56.12% year-on-year.
$CATHAY PAC AIR (00293.HK)$In July, there were 2.0082 million passenger trips, up 15.1% year-on-year, and the passenger load factor fell 3.8 percentage points to 85.5%.
Business performance update:
$CHINAHONGQIAO (01378.HK)$Revenue in the first half of the year was RMB 73.592 billion, up 11.95% year-on-year, and net profit was RMB 9.155 billion, up 272.66% year-on-year.
$ZTE (00763.HK)$Revenue in the first half of the year was approximately RMB 62.487 billion, up 2.94% year-on-year, and net profit was approximately RMB 5.732 billion, up 4.76% year-on-year.
$LI NING (02331.HK)$Revenue in the first half of the year was RMB 14.345 billion, up 2.33% year-on-year, and the number of Li Ning YOUNG sales outlets increased by 10 this year.
$CITIC (00267.HK)$It is expected that the net profit in the first half of the year will remain basically flat year-on-year.
$HK & CHINA GAS (00003.HK)$Revenue in the first half of the year was HKD 27.496 billion, a decrease of 5.76% year-on-year, and net profit was HKD 3.04 billion, a decrease of 15.88% year-on-year.
$SANDS CHINA LTD (01928.HK)$The net income in the first half of the year was USD 3.551 billion, up 22.7% year-on-year; the profit was USD 0.541 billion, up 209.1% year-on-year.
$CR BLDG MAT TEC (01313.HK)$Revenue in the first half of the year was approximately RMB 10.312 billion, a decrease of 13.9% year-on-year, and net profit was approximately RMB 0.166 billion, a decrease of 70.2% year-on-year.
$SOUTH MANGANESE (01091.HK)$Revenue in the first half of the year was HKD 5.733 billion, a decrease of 25.86% year-on-year; Loss of HKD 0.163 billion.
$FENGXIANG CO (09977.HK)$Revenue in the first half of the year was approximately RMB 2.436 billion, with a net profit of RMB 82 million. Although the sales volume of chicken products increased, the average selling price decreased.
$YONGDA AUTO (03669.HK)$It is expected that the net profit in the first half of the year will not decrease by more than 75%.
$DINGDANG HEALTH (09886.HK)$In the first half of the year, the revenue was 2.268 billion yuan, a year-on-year increase of 0.92%, and a net loss of 84.491 million yuan, a year-on-year decrease of 24.95%.
$OCFT (06638.HK)$In the first half of the year, the revenue was about 1.416 billion yuan, and the net profit was about 0.139 billion yuan, a year-on-year turnaround to profit.
$EC HEALTHCARE (02138.HK)$The overall sales in the second quarter is expected to be no less than 1.04 billion Hong Kong dollars, a year-on-year decline of no more than 4%.
$REMEGEN (09995.HK)$In the first half of the year, the revenue was 0.74 billion yuan, up 76.5% year-on-year, and the net loss was 0.78 billion yuan, an expansion of 10.96% year-on-year. The strong year-on-year growth in sales revenue was mainly due to the increase in sales of its own immune products Tai Tai Xi Pu and anti-tumor products Vidyas Viscidone.
$ZHONGLIANG HLDG (02772.HK)$It is expected to have a loss of about 1.5 billion yuan to 2 billion yuan in the first half of the year, turning from profit to loss year-on-year.
$CENTRAL CHINA (00832.HK)$It issued a profit warning, and it is expected that the net loss in the first half of the year will expand to about 2.5 billion-3.5 billion yuan.
$MINMETALS LAND (00230.HK)$It is expected to have a net loss of about 1 billion yuan in the first half of the year. This is mainly due to the significant reduction in revenue from the real estate development business and a significant decline in gross profit margin.
$SFCE (01165.HK)$It is expected to have a loss of 0.219 billion yuan in the first half of the year.
3) Buyback Dynamics
$TENCENT (00700.HK)$It spent about 1.003 billion Hong Kong dollars to buy back 2.69 million shares, with a repurchase price of 368.80-375.00 Hong Kong dollars per share.
$AIA (01299.HK)$It spent 0.254 billion Hong Kong dollars to buy back 4.887 million shares, with a repurchase price of 51.75-52.45 Hong Kong dollars per share.
$HSBC HOLDINGS (00005.HK)$It spent 0.185 billion Hong Kong dollars to buy back 2,8628 million shares, with a repurchase price of 63.85-64.75 Hong Kong dollars per share.
Focus on hotspots:
S&P, Nasdaq rose for seven consecutive days, the three major indexes hit the largest weekly increase in the year.
Last Friday, the three major indexes of US stocks rose slightly, drawing a stable conclusion for a week of trading. This is also the seventh consecutive trading day that the S&P 500 Index and Nasdaq have risen together, ending the previous four weeks of consecutive decline.
At the close, the S&P 500 index rose 0.2%, with a cumulative increase of 3.93% last week; the Nasdaq index rose 0.21%, with a cumulative increase of 5.29% last week; the Dow Jones Industrial Average rose 0.24%, with a cumulative increase of 2.94% last week. Statistics show that the three major indexes have hit the largest weekly increase since the "US stock market reversal" at the end of October 2023.
The volatility of technology giants has decreased significantly, with Apple up 0.59%, Microsoft down 0.61%, Amazon down 0.3%, META down 1.84%, Google-A up 1.03%, Tesla up 0.92%, NVIDIA up 1.4%, and Intel up 0.87%.
Chinese concept stocks showed a general rise, with the Nasdaq China Golden Dragon Index up 1.92%. Alibaba rose 4.58%, Baidu rose 3.23%, Pinduoduo rose 2.9%, JD.com rose 8.48%, NetEase fell 0.18%, NIO rose 3.13%, Li Auto Inc rose 6.93%, Xpeng rose 1.46%.
Hang Seng Index Company announced the quarterly review results, involving many companies such as New Oriental.
The Hang Seng Index Company announced the quarterly index review results after the market on Friday. The report showed that the number of constituent stocks in the Hang Seng Index remained at 82. $Hang Seng H-Share Index ETF (02828.HK)$will be added to the index.$J&T EXPRESS-W (01519.HK)$,$NEW ORIENTAL-S (09901.HK)$ removed$SENSETIME-W (00020.HK)$,$JD LOGISTICS (02618.HK)$They respectively received net purchases of HKD 2.38 billion, HKD 0.693 billion and HKD 0.419 billion; and net sales of HKD 0.259 billion, HKD 0.132 billion and HKD 67.69 million.$Hang Seng TECH Index (800700.HK)$Tracker Fund of Hong Kong ETF removed Ping An Healthcare and added$ASMPT (00522.HK)$.
The largest magnitude of change this time is$Hang Seng Composite Index (800701.HK)$constituent stocks,$HANG LUNG GROUP (00010.HK)$are among the 38 stocks newly included in Hang Seng Composite Index; while$XIABUXIABU (00520.HK)$are among the 29 stocks removed, increasing the number of constituent stocks from 509 to 518.
Important adjustments to the Shanghai-Hong Kong Stock Connect trading information disclosure mechanism will be made starting from August 19th.
The Shanghai Stock Exchange and Shenzhen Stock Exchange previously announced that they decided to adjust the Shanghai-Hong Kong Stock Connect trading information disclosure mechanism from August 19th. After the close of trading on each Shanghai Stock Connect trading day, the total turnover and total number of transactions of the Shanghai Stock Connect on the day, the total turnover of ETFs, the list of the top ten active securities in terms of trading volume and their total turnover, and the summary of the above data will be published monthly and annually. On the fifth trading day of each quarter, the total number of shares held by Shanghai Stock Connect investors for a single security at the end of the previous quarter will be announced.
Efforts are being made from multiple parties to prevent Monkeypox from entering China.
On the 14th, the World Health Organization issued the highest-level alert for the second time since July 2022, which has attracted public attention. Recently, the General Administration of Customs also issued a notice on preventing Monkeypox from spreading in China, reminding people coming from countries where Monkeypox outbreaks have occurred to voluntarily declare to customs if they have been in contact with Monkeypox cases or have symptoms such as fever, headache, back pain, and muscle pain when entering the country. Last Friday, GeoVax Labs, an American concept stock related to Monkeypox, rose over 110%, while Emergent BioSolutions rose more than 24%. Monkeypox-related drugs Hong Kong stocks include:$ASCLETIS-B (01672.HK)$.
Ministry of Commerce: Further relax restrictions on foreign investors' strategic investment in listed companies.
Li Yongsha, the Deputy Representative of International Trade Negotiations of the Ministry of Commerce, stated that efforts will continue to be made to relax market access restrictions on foreign investment, revise and publish the new version of the negative list for foreign investment access as soon as possible, achieve "zero" restrictive measures for the manufacturing industry nationwide, and promote the orderly expansion of opening up in fields such as telecommunications, internet, education, culture, and medical care. Promote the pilot demonstration of expanding opening up in the service industry. In addition, the Ministry of Commerce will also revise and release the "Measures for the Management of Strategic Investment by Foreign Investors in Listed Companies," further relax restrictions on foreign investors' strategic investment in listed companies, expand channels for foreign investment, and guide more high-quality foreign investment to enter the capital markets for long-term investment.
Expectations of a Fed rate cut have pushed gold to a record high of $2,500.
Spot gold broke through $2,500/ounce last Friday. Amid worries about the Fed's imminent resumption of rate cuts, geopolitical conflicts, and uncertainties over the U.S. election, the price of gold has picked up momentum recently, rising 21% so far this year.
At the close of the night session of July 27th,
As of last Friday, the Shanghai Composite Index closed at 17,575 points, up 151 points or 0.867%, with a high water mark of 145 points, and a total of 117,744 outstanding contracts. $HSI Futures Current Contract (HSIcurrent.HK)$ As of last Friday, the latest bull-bear street ratio of the Hang Seng Index was 49:51.
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Hang Seng Index Bull & Bear Certificates
According to the data in the bull-bear certificate street cargo distribution chart of the Hang Seng Index, the bear-certificate cargo heavy area is in the range of 17500-17599, with the latest number of bear-certificates in this range being 967, an increase of 113 from the previous trading day; the most new bear-certificates are added in the range of 17800-17899, with the latest number of bear-certificates in this range being 931, an increase of 557 from the previous trading day.
The bull-certificate street cargo heavy area is in the range of 16700-16799, with the latest number of bull-certificates in this range being 738, a decrease of 191 from the previous trading day; the most new bull-certificates are added in the range of 17000-17099, with the latest number of bull-certificates in this range being 358, an increase of 358 from the previous trading day.
The heavy goods area of Niu Zheng Street is in the range of 16700-16799, and the latest number of Niu Zhengs in this range is 738, a decrease of 191 from the previous trading day; the highest increase is in the range of 17000-17099, and the latest number of Niu Zhengs in this range is 358, an increase of 358 from the previous trading day.
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Editor/Emily