央行行长潘功胜还在2024金融街论坛年会上表示，9月27日，已下调存款准备金率0.5个百分点，预计年底前视市场流动性情况，择机进一步下调存款准备金率0.25-0.5个百分点；下调公开市场7天期逆回购操作利率0.2个百分点；中期借贷便利利率下降0.3个百分点。Editor's note: "US Stock Gold Mining" Keep up with daily market trends, insight, and consolidate hot and outstanding stocks, providing multi-dimensional investment opportunities for Mooer and helping them grasp investment opportunities with one chart! Focus on: 1. Performance and stock prices take off! Global fast fashion giant $Gap Inc (GPS.US)$ soared nearly 29% after its performance, reaching a new high for the year. Gap announced its first fiscal 2023 first-quarter results, with net sales of $3.4 billion, exceeding analysts' expectations of $3.28 billion, and earnings per share of $0.41, with overall comparable sales growth of 3%, better than expected 0.91%. In addition, the gross profit margin for the quarter reached 41.2%, higher than analysts' forecast of 38.5%. Its subsidiary brand Old Navy's same-store sales grew by 3%, exceeding market expectations of 2.5%. Based on this, Gap raised its sales and operating profit outlook for the year. Baird has recently raised its target share price for Gap from $23 to $28, and Goldman Sachs has raised its target share price for Gap from $20 to $27. 2. US electric power stocks collectively agitated! The largest wind and solar power generator developer in the United States $NextEra Energy (NEE.US)$, the fourth largest power plant in the United States $Southern Company (SO.US)$, the power and natural gas company $CenterPoint Energy (CNP.US)$, and the electrical production and transmission company $Edison International (EIX.US)$ have all reached new highs for the year. On the news front, as AI technology often requires a lot of energy to develop and operate, utility stocks are becoming a new opportunity for investors. 3. Low-key AI beneficiaries! Data storage giantThis week's bullish stocks in Hong Kong and the US stock markets.This section closely follows market trends every week, reviews the weekly performance of the Hong Kong and US stock markets, and helps mooers sort out the hot sectors, strong individual stocks, and major news of the week, looking for investment themes with profit potential.
本周港股三大指数延续调整，在连续4个交易日下跌后，周五市场迎来大幅反弹。截止周五收盘，恒生指数累计下跌2.11%，报20804.11点；同期恒生科技指数累计下跌2.86%，报4600.85点；国企指数同期累计下跌1.95%，报7471.95点。
周五港股市场走强的主要利好是央行的重磅发声。央行行长潘功胜在2024金融街论坛年会上表示，支持资本市场稳定发展的两项金融工具，人民银行与证监会、金融监管总局组建了工作专班，证券、基金、保险公司互换便利已开始接受金融机构申请，股票回购、增持专项再贷款政策文件于今天发布实施。
Pan Gongsheng, Governor of the People's Bank of China, also stated at the 2024 Financial Street Forum Annual Meeting that on September 27th, the reserve requirement ratio was lowered by 0.5 percentage points. It is expected that by the end of the year, depending on market liquidity conditions, further reductions of 0.25-0.5 percentage points in the reserve requirement ratio, 0.2 percentage points in the 7-day reverse repo operation rate, and 0.3 percentage points in the medium-term lending facility rate will be implemented.
具体个股方面，港股芯片股巨头$SMIC (00981.HK)$ This week's cumulative increase is nearly 20%. On Friday, the technology boom suddenly swept the market, with Semiconductor Manufacturing International Corporation soaring more than 16% on the day.
On the news front, the senior management proposed to promote China's modernization, with technology leading the way. Technological innovation is the only way. They highly value and cherish technology talents. "How many chances does one have in life" - everyone should loosen up and continue to work hard, contributing intelligence and wisdom to achieve technological independence and self-improvement.
Recently, a series of incremental policies have been successively released. Tianfeng Securities believes that if this domestic incremental policy effectively stimulates the consumption side, it is expected to raise the semiconductor demand expectations across the entire industry chain, becoming one of the driving forces for the upturn in this cycle. Bullish on the performance of domestic semiconductor demand after the incremental policy.
In addition, the semiconductor manufacturing giant $Taiwan Semiconductor (TSM.US)$ significantly exceeded market expectations, with a substantial 54% increase in net income in the third quarter, stimulating speculative sentiment in chip stocks. This news has strengthened the industry's confidence in the semiconductor sector, and has had a positive impact on the domestic semiconductor design, manufacturing, and testing industries.
Alibaba has made new progress in selling Sunart Retail equity. This Wednesday, which has been suspended for nearly 20 days, $SUNART RETAIL (06808.HK)$ Officially resumed trading, the stock price surged more than 15% on the same day, with a weekly cumulative increase of over 25%.
Sunart Retail announced on the 15th that the board of directors received a letter of contact from a potential bidder on September 27, 2024, expressing interest in making a conditional voluntary offer for all issued shares of the company. Market rumors suggest that Hillhouse Capital, Ruentex Group, and KKR Group may be interested in taking over, with Hillhouse Capital having the highest likelihood.
In addition, Sunart Retail announced that it expects the after-tax surplus profit to reach 0.15 billion to 0.2 billion yuan within the six months ending on September 30, 2024, compared to an after-tax loss of 0.378 billion yuan in the same period last year, achieving a turnaround from losses to profits.
Numerous favorable policies have been introduced throughout the year, and the country's talks are expected to promote a long-term increase in innovative drug volumes. Biotechnology stocks $ZAI LAB (09688.HK)$ and $ASCENTAGE-B (06855.HK)$ Both rose more than 10% this week.
On October 18, the National Medical Products Administration reviewed and approved the "Biological Product Segmented Production Pilot Work Plan." This pilot work is based on the current status and regulatory practices of China's biopharmaceutical industry, actively responding to industry development needs, and exploring the segmented production of innovative and clinically urgent biological products through contract manufacturing. This will help further stimulate the research and development innovation vitality of enterprises, promote specialization in drug research and production, enhance product quality and safety assurance levels, strengthen the supply guarantee capabilities of innovative and clinically urgent biological products, and meet the medication needs of the general public.
Everbright Securities believes that since the beginning of this year, a series of favorable policies have been successively introduced for the innovative pharmaceutical sector. The new policies focus on promoting the commercialization and research and development of innovative drugs from various dimensions such as payment, financing, evaluation, and assessment, demonstrating the high level of attention that some provinces are paying to supporting the entire chain of innovative drugs. With the implementation of these policies, the development of innovative drugs is expected to enter the fast lane.
The second-hand car trading platform, which surged nearly 90% last week.$AUTOSTREETS (02443.HK)$The stock price continued to rise this week, with a cumulative increase of over 30%; on October 15, the stock independently trended upwards by nearly 76% in the market as the broader market significantly corrected, with an intraday increase of over 88%.
On September 9, the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements adjusting the list of securities eligible for the Hong Kong Stock Connect. Autostreets was officially included in the Hong Kong Stock Connect, effective from September 10, 2024. However, after Autostreets was officially included in the Connect on September 10th, welcoming stock investors, it faced a significant drop of 17.65% on the 11th. Subsequently, the stock traded sideways for about 10 trading days, with daily turnover less than one million Hong Kong dollars. Until October 9th, the stock also independently trended upwards in the Hong Kong stock market, with an intraday surge of 344% and a closing increase of over 95%.
On the other hand, the following stocks performed weakly this week:
