Market summary

Futu News, April 17, although the economic data further reflect how much damage the COVID-19 epidemic has done to the US economy, led by technology stocks, the three major indexes collectively closed higher. The Dow Jones industrial average closed up 33.33 points, or 0.14%, at 23537.68; the Nasdaq composite index rose 139.19 points, or 1.66%, at 8532.36; and the s & p 500 index rose 16.19 points, or 0.58%, at 2799.55.

In terms of Chinese stocks, most of the star Chinese stocks rose, while e-commerce stocks and technology stocks continued to lead the rise.

Among stars, BABA rose 2.16%, JD.com 6.50%, Taiwan Semiconductor Manufacturing 5.52%, Pinduoduo 2.80%, Vipshop Holdings Limited 6.58%, Bilibili Inc. 2.42%, JOYY Inc 5.75%, Sina 5.37%, Sohu.com Ltd 6.98%, NetEase, Inc 3.54%, ZTO Express 9.26%. Among them, Vipshop Holdings Limited and BABA have risen for four consecutive days, and JD.com and Pinduoduo have risen for five days in a row. In addition, the share price reached an all-time high of US $46.43 in multiple trading.

Other Chinese stocks showed big gains: SPI Energy Co Ltd rose 38.71%, Dianniu Finance 26.62%, American Securities 23.60%, Huize Holding Limited 16.79%, Acorn International 15.17%, Powerbridge Technologies 13.39%, EHang Holdings Limited 11.36%. Shangrong can rise 10.71%, Jianpu Technology Inc 9.48%, Taiying Technology 8.57%.

The biggest declines were: Borqs Technologies Inc down 15.15%, China Pharma Holdings down 12.87%, Guoshuang down 11.18%, Xinerfu-10.81%, Jiangsu Huarui clothing-10.35%, Origin Agritech Ltd-10.31%, Tuniu Corp-10.14%, Dunxin Financial Holdings Ltd-9.87%, Fuling Global-9.21%, Aptorum Group Ltd-8.66%, KBS clothing-8.62%, Lizhi-7.73%.

Top five trading lists

Among Chinese stocks, BABA topped the list with a turnover of US $3.447 billion, followed by JD.com with a turnover of US $988 million. In addition, a total of 15 stocks have a turnover of more than 100 million US dollars.

Hot news

Taiwan Semiconductor Manufacturing Co Ltd released Q1 results: revenue of US $10.31 billion and net profit soared by 90%.

Taiwan Semiconductor Manufacturing Co Ltd's first-quarter revenue was 10.31 billion US dollars, up 45.2 percent from the same period last year, down 0.8 percent from the previous month. Q1 revenue exceeded the previous upper limit of performance guidelines of US $102-10.3 billion. Gross profit margin was 51.8 percent, 10.5 percent higher than the same period last year, 1.6 percent higher than the previous year, and gross profit margin was close to the best level in history. Net profit was 3.89 billion US dollars, an increase of 90.6% over the same period last year and 0.8% month-on-month. Profit in a single quarter reached another all-time high.

Sohu.com Ltd announces submission of final merger plan for Changyou privatization transaction

Sohu.com Ltd announced that in accordance with the relevant provisions of the merger Agreement and Plan (hereinafter referred to as the "merger Agreement") jointly signed by Sohu.com Ltd and its indirect wholly-owned subsidiary Sohu.com (Game) Limited ("Sohu.com Ltd Games"), and Sohu.com Ltd Game's direct wholly-owned subsidiary Changyou Merger Co. Limited ("Changyou M & A Company") on January 24, 2020. Changyou merger and acquisition Company and Changyou have signed and submitted a final version of the merger Plan to the Cayman Company Registry. If the Changyou merger is completed when it takes effect, it will make Changyou a private company directly or indirectly wholly owned by Sohu.com Ltd, Changyou will be delisted from NASDAQ, and Changyou's American depositary stock program will be terminated.

BABA established a new company in 10 million, which covers the sales of medical devices.

According to Tianyan survey data, Nantong Runqi Commercial Co., Ltd. was established on April 14, with a registered capital of 10 million yuan and the legal representative of Yuan Bin. its business scope includes the first category of medical device sales and the second category of medical device sales. According to the company's shareholder information, the company is wholly owned by Shanghai Box Horse Network Technology Co., Ltd., which is majority owned by BABA (China) Network Technology Co., Ltd., with a 51% stake.

Alipay opens block chain "electronic contracts" to six major industries

In order to support small and medium-sized enterprises, BABA announced the resumption of the "Spring Thunder Plan" a week ago, and Alipay immediately launched seven support measures to support the service industry. On April 16, Alipay announced that it would jointly open up "electronic contracts" to Mini Program merchants and continue to promote the "Spring Thunder Project". Electronic contracts are based on ant blockchain technology, which can help the service industry upgrade digitally, so that more users can sign contracts without having to go out.

JD.com: Liu Qiangdong's voting rights are 78.5%, and Tencent is still the largest external shareholder.

On April 16, JD.com filed with the US Securities and Exchange Commission document 20murf, disclosing the company's latest shareholder shareholding. As of February 29, Liu Qiangdong, chairman of the board of directors of JD.com, held 15.1% of the shares, down 0.3% from the same period last year, and the right to vote reached 78.5%, according to the document. Tencent remains JD.com 's largest external shareholder, with 17.9 per cent of the shares and 4.6 per cent of the voting rights.

The overall income of Chinese manufacturers going to sea in the month of App Annie:3 is significantly higher than that in February, and NetEase, Inc's position remains unchanged.

App Annie released the ranking of Chinese manufacturers' overseas revenue in March 2012. the head of the list has not changed much this month. Lilith game has topped the list, Tencent and FunPlus have exchanged places, while NetEase, Inc and IGG have maintained their original positions. In addition, the overall income of manufacturers going to sea in March was significantly higher than that in February, and the overseas income of manufacturers of the same rank increased by about 20% month-on-month.

The number of appointments made by JD.com, Apple Inc's new generation iPhone SE, has reached 195000.

Apple Inc's new generation of iPhone SE has been launched on JD.com and has accepted appointments. As of 04:40 in the afternoon of April 16, the number of appointments has reached 195000. JD.com also launched a value preservation program this time. In April, the first batch of users bought a new iPhone SE in JD.com in accordance with the rules, and participated in the trade-in service with their existing phones, and could enjoy a subsidy of up to 300 yuan from JD.com.

Guangzhou-Shenzhen Railway is expected to turn from profit to loss to 450 million-550 million yuan in the first quarter.

Guangzhou-Shenzhen Railway announced that the group expects to achieve a net loss of about 450 million yuan to 550 million yuan (RMB) attributable to the company's shareholders in the three months ended March 31, 2020. compared with the net profit attributable to the company's shareholders in the first quarter of 2019, the net profit fell by about 215% to 241%. The Board is of the view that the loss in the first quarter of 2020 is mainly due to the suspension of service at Hong Kong's Hung Hom Control Point, the suspension of all through trains operated by the Group, and the suspension of service at Lo Wu Control Point, which has not been opened as of the date of this announcement.

X Financial postponed the 2019 Q4 financial report to April 28th.

X Financial, who was scheduled to release Q4 in 2019 and financial results for the whole year before today's trading, issued an announcement, which postponed the reporting time to April 28 due to the impact of the epidemic.

Institutional viewpoint

Haitong strategy:The overseas trust crisis may catalyze the return of high-quality Chinese stocks.

Haitong strategic analysts said that in the new round of overseas trust crisis, the valuation of high-quality Chinese stocks may be under pressure, and the risk of short selling of Chinese stocks will become greater; domestic policies will also continue to improve and guide Chinese stocks to return to their homeland, and the future return of Chinese stocks will also need the help of financial supply-side reform to promote the ecological virtuous circle of the domestic capital market.

Moody's Corporation: for some time to come, the first request data of the week will continue to be the most important economic indicator.

Zhan Di, chief economist of Moody's Corporation, believes that the data requested at the beginning of the week will continue to be the most important economic indicator for at least the next 8-12 weeks. This is the most sensitive, timely and accurate indicator of economic performance, which can be used to judge the severity of unemployment, when the job market will stabilize and when it will rebound.

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