On November 13, Futu News reported that the three major stock indices in Hong Kong experienced mixed performance, with Hang Seng Index down 0.12%, Tech Index down 0.03%, and National Index turning positive in the afternoon, closing up 0.05%.
As of the market close, 755 stocks in Hong Kong rose, 1,111 fell, and 1,217 remained flat.
The specific industry performance is shown in the following figure:
In terms of sectors, network technology stocks weakened, Kuaishou-W rose by 3.90%, jd.com-SW fell by 1.60%, Xiaomi-W rose by 1.58%, Baidu-SW fell by 0.54%, NetEase-S fell by 0.25%, Meituan-W fell by 0.17%, Tencent fell by 0.00%, Alibaba-W fell by 0.00%.
Most biotechnology stocks declined, with Innovent Bio falling by 9.02%, Wuxi Apptec falling by 4.10%, Akeso falling by 4.05%, Wuxi Bio falling by 3.37%, Beigene falling by 3.31%, Beigene falling by 2.30%, Genscript Bio remaining flat.
The lithium battery sector saw gains, with Ganfeng Lithium rising by over 6%, Tianqi Lithium Corporation up by nearly 4%, Veson Holdings up by nearly 3%, and Tsaker NE rising by over 2%.
Dining stocks mostly trended downwards, with Helen of Troy rising by 4.83%, Haidilao falling by 2.72%, Yum China dropping by 1.90%, Cafe de Coral Holdings rising by 0.81%, Naixue's Tea up by 0.66%, Jiumaojiu falling by 0.55%, DPC Dash up by 0.27%, Super Hi rising by 0.15%.
Stocks in property services and management generally declined, with A-Living Services falling by 3.72%, China Resources Mixc down by 3.19%, Sunac Services down by 2.05%, China OVS PPT down by 1.39%, Poly PPT Services down by 1.06%, CG Services down by 0.91%, Greentown Management falling by 0.63%, Wanyecloud up by 0.22%.
Pharmaceutical stocks generally fell, with Pharmaron down 3.83%, hutchmed (china) down 2.53%, cspc pharma down 1.69%, Innovent Bio down 1.59%, Hansoh Pharma down 1.50%, United Lab up 1.18%, Sino Biopharm down 0.89%, Chinares Pharma down 0.54%.
In terms of individual stocks,$KUAISHOU-W (01024.HK)$Rose nearly 4%, the company released its singles' day sales report, Citigroup stated that GMV growth during the period may exceed the quarterly growth rate.
$CHINA TELECOM (00728.HK)$ Rose nearly 3%, teamed up with Huawei to complete the first nationwide 5G low-cost high-precision positioning commercial pilot.
$CICC (03908.HK)$ Rose nearly 3%, institutions indicated that the current equity market sentiment has significantly improved, expecting to continue driving brokerage performance back to growth range.
$TIANQI LITHIUM (09696.HK)$ Up nearly 4%, Tianqi Lithium Corporation hit a six-month high, with a 51% year-on-year increase in power battery loading.
$YADEA (01585.HK)$Rising by nearly 7%, the industry is benefiting from new policies and subsidies in the short term, with the company's operational turning point in sight.
$ZHONGSHENG HLDG (00881.HK)$Increasing by nearly 8%, signing a preliminary negotiation agreement with Chongqing Sokon Industry Group Stock, receiving positive recommendations from several major brokerages.
TOP 10 trading volume today
Hong Kong Stock Connect Fund
In terms of the Hong Kong Stock Connect, the net outflow of Hong Kong Stock Connect (Southbound) was 4.551 billion Hong Kong dollars today.
Institutional perspective:
Goldman Sachs: Xiaomi's Singles' Day sales exceeded expectations, target price remains at 30.7 Hong Kong dollars.
Goldman Sachs released a report indicating, $XIAOMI-W (01810.HK)$ During the November 11 shopping festival, the total commodity trading volume (GMV) exceeded expectations, mainly driven by the strong sales of Xiaomi 15 series and white products. It maintains a 'buy' rating on Xiaomi with a 12-month target price of 30.7 Hong Kong dollars. The report indicates that Xiaomi's GMV across all channels during the Singles' Day promotion period (pre-sale starting on October 14, earlier than last year's October 23) was 31.9 billion yuan, about 42% higher than the GMV during last year's Singles' Day promotion period.
Citi: Tencent Music's third-quarter profit slightly exceeded expectations, giving it a 'buy' rating.
Citi released a report stating, $TME-SW (01698.HK)$ The adjusted net profit for the third quarter increased by 29.1% year-on-year to 1.94 billion yuan, exceeding the bank's and the market's expectations of 1.89 billion and 1.92 billion yuan by 2.7% and 1.1%, mainly due to revenue and gross margin meeting expectations, while sales and marketing expenses were lower than expected, offset by higher general administrative expenses. The bank rates Tencent Music as 'buy' with a target price of $15.
UBS: Raises the HKEX target price to 346 Hong Kong dollars, expecting strong daily average trading volume in the near term.
UBS released a research report indicating that recent daily average trading volumes are expected to remain strong. $HKEX (00388.HK)$ Recent strong daily average trading volumes are expected to persist for three reasons: investors' differing views on any additional policy stimulus in the Mainland may spur trading activity, recent adjustments may provide more attractive entry points, and foreign institutional funding remains significantly underweight. The bank has raised its earnings per share forecasts for HKEX from 2021 to 2026 by 1%, 3%, and 3% to 10.36 Hong Kong dollars, 9.83 Hong Kong dollars, and 10.12 Hong Kong dollars respectively, with the target price raised slightly from 344 Hong Kong dollars to 346 Hong Kong dollars, and maintains a 'neutral' rating.
编辑/Wade
