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《港股》恒指收跌182點 美團績前受壓 農夫山泉挫一成

Hang Seng Index fell by 182 points, Meituan's performance was under pressure, nongfu spring dropped by ten percent.

AASTOCKS ·  Aug 28 16:34

The market continued to watch the US PCE inflation data and NVIDIA (NVDA.US) quarterly performance. The Hang Seng Index opened 26 points lower, then rose by 4 points initially, reaching 17,879 points at one point, but then dropped again. In the afternoon, it dropped by 215 points to a low of 17,659 points, closing with a 182-point decline or 1.1%, at 17,692 points; the China Enterprises Index fell 80 points or 1.3%, to 6,225 points; the Hang Seng Tech Index fell 55 points or 1.6%, to 3,445 points. The total turnover of the day in the market was 93.93 billion yuan.

Several blue chip companies released their earnings reports. Anta Sports (02020.HK) saw a 63% increase in mid-year profits, a 44% increase in interim dividend, and planned to buy back up to 10 billion yuan, resulting in a 4.5% increase in stock price. Johnson Electric (03692.HK) reported a 1.1 times increase in mid-year profits, leading to a 13.1% increase in stock price. China Resources Mixc (01209.HK) earned 36% more in the first half, distributed a special dividend of 85.4 cents per share, and saw a 3.3% increase in stock price. Haidilao (06862.HK) earned 10% less in the mid-year, resulting in a 0.7% increase in stock price. Haier Smart Home (06690.HK) earned 16% more in the mid-year with no dividend, but the stock price fell by 2.6%. Nongfu Spring (09633.HK) faced an 18% decline in sales in the packaged water business, leading to a 10.4% drop in stock price. Runji Land (01109.HK) saw a 25% decrease in earnings for the half year, resulting in a 5.2% drop in stock price.

In the technology sector, Alibaba (09988.HK) had its dual primary listing on the HKEX approved, with the stock falling by 1.1% with the overall market decline. Meituan (03690.HK) announced its earnings after market close, resulting in a 3.2% decrease. Tencent (00700.HK), Netease (09999.HK), Kuaishou (01024.HK), and Bilibili (09626.HK) all fell by 2% to 2.6%, Baidu (09888.HK) fell by 3.2%, and Xiaomi (01810.HK) rose by 0.4%. JD.com (09618.HK) announced a $5 billion share repurchase, leading to a 1.8% increase in stock price. Samsonite (00020.HK) narrowed its mid-year losses to 2.457 billion RMB, resulting in a 5.1% decrease for the day. Kingsoft Cloud (03896.HK) and GDS Holdings (09698.HK) also fell by 5.1% and 6.8%, while Ping An Good Doctor (01833.HK) had its target price lowered by Morgan Stanley, causing a 4.2% drop in stock price.

In the automotive sector, XPeng (09868.HK) launched a mass market brand, leading to a 2.1% increase in stock price. Competitors like Li Auto (02015.HK), Great Wall Motors (02333.HK), and Leapmotor (09863.HK) fell by 3% to 3.8%, with Li Auto preparing to announce its earnings. BYD Company Limited (01211.HK) and Nio Inc (09866.HK) fell by 1.8% and 2.2% respectively. Evergrande Vehicle (00708.HK) is expected to widen its mid-year losses to 20.254 billion RMB, resulting in a 3.5% drop in stock price.

In the financial sector, HSBC (00005.HK) rose by 0.1%, while HKEX (00388.HK) and AIA (01299.HK) fell by 1.4% and 0.8% respectively. China Taiping (00966.HK) saw an 84% increase in new business value at mid-year, resulting in a 14.2% increase in stock price for the day. ZhongAn Online (06060.HK) suffered a 75% decline in half-year net profit, leading to a 17.4% decrease in stock price.

Other companies' performance in different sectors - Mainland Real Estate Jinmao (00817.HK) saw a 1.33 times increase in earnings for the half-year and announced an interim dividend of 3 Hong Kong cents, resulting in a 1.5% increase in stock price. Gaming stock Melco (00880.HK) narrowed its half-year losses to 0.162 billion yuan, resulting in a 2.5% drop in stock price. Real estate stock Sunac China (00083.HK) saw a 15% decline in basic profits for the year, leading to a 2% drop in stock price. Cement stock Conch Cement (00914.HK) earned 48% less in the mid-term, resulting in a 3.3% drop in stock price. China National Building Material (03323.HK) transformed from mid-term profit to loss, causing a 6.7% decrease in stock price. China Unicom (00552.HK) saw over 4% increase in earnings for the mid-year and received target price upgrades from major banks, yet stock price still fell by 3.8%. Beijing Enterprises Water (00371.HK) earned 18% less in the mid-year, leading to a 6.3% drop in stock price.

Other stock movements - Dining stock jiumaojiu (09922.HK) and Yihai International (01579.HK) fell by 5.5% and 6% respectively, while Home Appliances stock Hisense Ha (00921.HK) fell by 4.2%. Electrical Utilities runteng (00836.HK) saw a price decline of 5.4%. Mainland Real Estate Yuexiu Property (00123.HK) fell by 6.4%, while China National Offshore (00688.HK), China Vanke (02202.HK), and Sunac China (01918.HK) fell by over 4%, and Country Garden (01918.HK) fell by 3.1%.

The translation is provided by third-party software.


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