The Hang Seng Index closed at 20,506 on Monday (4th), up 189 points or 0.9%. The total market turnover was 141.4 billion yuan. The country index rose by 78 points or 1.1% to 7,342; the technology index fell by 15 points or 0.3% to 4,483. According to the China Securities Index Research Institute statistics, the sales of the top 100 mainland real estate developers increased by 10.6% year-on-year in October, and mainland real estate stocks are highly sought after. Longfor (00960) rose by 3.3% today, up 7.2% for the week, performing as the best blue chip this week; Macau's October gambling revenue exceeded expectations, surpassing 20.7 billion yuan, the highest monthly total since January 2020. Casino stocks are performing well. Sands China (01928) surged by 5.4%, making it the blue chip with the largest increase today.

The Dow Jones closed at 41,793 on Monday (4th), down 257 points or 0.61%. The S&P 500 reversed by 0.28% to 5,712 points; the Nasdaq fell by 0.33% to 18,179 points; Apple suffered another round of shareholding reduction by the 'Stock God' Buffett's flagship County Hand, causing Apple's stock price to temporarily drop by 1.4%, closing down by 0.4%; County A's shares fell by 2.1%. Nvidia was included in the Dow Jones components, with a maximum stock price increase of 2.6%, closing up by only 0.5%; Intel, which was removed from the components, plunged by 2.9%, becoming the worst performing Dow Jones component. Some individual movements in the Asia-Pacific stock market this morning (5th), the Nikkei 225 Index is currently at 38,282 points, down 798 points or 2.04%. The South Korea composite index is currently at 2,570 points, down 18 points or 0.7%. The market is cautiously waiting for the results of the U.S. election and interest rate decisions, and Hong Kong stocks are in a quiet tug of war.

Market Focus: JD Logistics (02618)

This year, the number of billion subsidies for products on JD's 'Singles' Day' has increased by more than four times compared to last year. JD Logistics' (2618) subsidiary, Deppon Logistics, released its financial report for the third quarter of 2024 on October 30, 2024. The report shows that Deppon Logistics' revenue slightly increased by 1.03% in the third quarter, reaching approximately 9.85 billion yuan. The data for the first nine months from the beginning of the year to the end of the reporting period show that revenue and net income attributable to Deppon shareholders increased by 11.21% and 9.71% respectively, while net income excluding non-recurring gains and losses increased significantly by 24.65%. Due to cost optimization and continued economies of scale, the group achieved a break-even in the second quarter of 2024 and rapidly improved its profitability in the subsequent quarters. In addition, after the group fully connected to the Taobao Tmall platform, Cainiao will officially connect to the JD third-party platform. JD users can also enjoy the accurate appointment, delivery, and installation of large appliances and other logistics services provided by Cainiao. The group is expected to continue benefiting from China's 'Trade-in-Old-for-New' policy driving appliance sales, which also benefits its parent company, JD Group.

Target: $18, Stop-loss price: $14.2

(The author is a licensed person of the China Securities Regulatory Commission and does not hold any of the above stocks.)

Author: Dr. Tang Shengxing, Chairman of the Hong Kong Stock Analysts Association.