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港股11月14日早报:房地产迎财税大礼包 热门中概股多数下跌

Hong Kong stocks morning report on November 14: real estate welcomes a large financial and tax package while most china concept stocks declined.

cls.cn ·  07:10

① In October, the usa's CPI rose 2.6% year-on-year, meeting market expectations. ② The three major indices of the usa stock market showed mixed performance, with most china concept stocks declining. ③ The real estate sector welcomes a generous financial and tax package, with reductions in deed tax and value-added tax. ④ President-elect Trump nominates several individuals for key positions. ⑤ The usd reached a one-year high. ⑥ After bitcoin broke above $0.093 million to reach a new high, it turned to decline.

According to the Financial Associated Press on November 14 (editor Tong Gu), today's important news before the Hong Kong stock market includes:

Hot news

[The usa's CPI rose 2.6% year-on-year in October, meeting market expectations]

Data released by the usa Bureau of Labor Statistics shows that the CPI rose 0.2% month-on-month in October and 2.6% year-on-year, both meeting market expectations. The "CPI has decreased for six consecutive months" has now halted; core CPI, as in September, continues to remain at 3.3%. The "hawkish" representative of the Federal Reserve, Minneapolis Fed President Kashkari, stated that overall the data confirms the path the Federal Reserve is taking. He also expressed confidence that "inflation is developing in the right direction", but it still requires patience.

[Real estate sector welcomes a financial and tax package: deed tax and value-added tax reductions]

On November 13, the Ministry of Finance announced several tax policies to promote the steady and healthy development of the real estate market, clarifying multiple supportive tax incentives for the real estate market, including reductions in deed tax and value-added tax.

[President-elect Trump nominates several individuals for key positions]

On November 13, local time, US President-elect Trump nominated Florida Republican Senator Marco Rubio as his Secretary of State candidate after taking office; nominated former Democratic Congresswoman Tulsi Gabbard as his Director of National Intelligence after taking office; nominated Florida Republican Congressman Matt Gaetz as his Attorney General candidate after taking office.

[USD Index reaches a new high in a year]

On November 13, the central parity rate of the RMB against the USD reported 7.1991, depreciating by 64 basis points compared to the previous trading day, marking the lowest value since September 11, 2023. As of the time of publication, the USD index reported 106.48, reaching a new high in a year.

[Bitcoin surges past $0.093 million then turns to decline]

Bitcoin yesterday broke through $93,000 for the first time in history. As of the time of publication, it has fallen back to around $89,000.

Global Markets

The three major US stock indexes had mixed performances last night, as the October CPI met expectations, further supporting bets for a rate cut by the Federal Reserve in December. By the close, the Dow rose 0.11% to 43,958.19 points; the Nasdaq fell 0.26% to 19,230.74 points; the S&P 500 index rose 0.02% to 5,985.38 points.

Most large technology stocks rose, with intel increasing by over 3%, amazon up over 2%, netflix rising by more than 1%, while microsoft, apple, and tesla saw slight increases; nvidia and google fell by more than 1%, while Meta experienced a slight decline.

Most china concept stocks fell, with the Nasdaq Golden Dragon China Index closing down 1.09%. New Oriental fell over 4%, Xiaopeng Motors, Tencent Music, and iqiyi each dropped over 2%, while zhihu soared over 13%.

After a low opening on Wednesday, the three major Hong Kong stock indices recovered some ground. At the close, the hang seng index fell 0.12%, closing at 19,823.45 points; the technology index fell 0.03%, closing at 4,455.67 points; the hang seng china enterprises index rose 0.05%, closing at 7,130.93 points.

From the market performance, the auto and pharmaceutical stocks weakened, while the telecommunication sector and auto retail stocks performed better.

Company News:

AMD: Taking some targeted steps to lay off about 4% globally.

Tencent (00700): Revenue for the first three quarters was 487.811 billion yuan, a year-on-year increase of 7%; net income was 142.749 billion yuan, a year-on-year increase of 62%. In the third quarter, revenue reached 167.193 billion yuan, a year-on-year increase of 8%; net income was 53.23 billion yuan, a year-on-year increase of 47%.

Samsonite (01910): Net sales for the first nine months were 2.646 billion USD, a year-on-year decrease of 3.2%; net income was 0.236 billion USD, a year-on-year decrease of 7.5%.

Ali Health (00241): Released interim results for the six months ending September 30, 2024, with revenue of 14.274 billion yuan, an increase of 10.2% year-on-year; profit of 0.769 billion yuan, an increase of 72.45% year-on-year.

Sino-Ocean GP (03377): The cumulative contract sales from January to October reached 26.87 billion yuan, with sales in October amounting to 2.73 billion yuan.

China Aluminum International Engineering Corporation (02068): Its wholly-owned subsidiary, Shenyang Aluminum Magnesium Design Research Institute, signed the general contracting agreement for the 0.35 million tons green electricity aluminum project in Tuanjie City, with a total project contract amount of approximately 2.799 billion yuan, of which the company is responsible for implementing 2.381 billion yuan, accounting for about 10.66% of the audited revenue for 2023.

ZA Online (06060): The total amount of original insurance premium income obtained in the first ten months is approximately 28.354 billion yuan, an increase of 13.04% year-on-year.

Important data

18:00 Adjusted GDP quarterly growth rate for the eurozone in the third quarter.

21:30 USA initial jobless claims for the week ending November 9, October PPI year-on-year.

Financial Events

17:00 IEA releases the monthly crude oil market report.

20:00 Federal Reserve Governor Cook delivers a speech.

20:30 The European Central Bank publishes the minutes of the October monetary policy meeting.

22:00 In 2024, FOMC voting member and Richmond Fed President Barkin will deliver a speech.

To be determined The APEC summit will be held, and U.S. President Biden will attend the summit until the 16th.

The translation is provided by third-party software.


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