Evaluation of Hong Kong stocks

The three major indexes of Hong Kong stocks closed higher, while the Hang Seng Index rose in early trading and rose again after the afternoon shock. By the close, the Hang Seng Index was up 2.11% at 24890 and the National Index was up 1.63% at 10153.

Plate aspectSporting goods stocks rose sharply, Li Ning Co. Ltd. rose more than 10%, a new high for listing, ANTA Sports Products and Topsports International Holdings Limited rose more than 6%, and Xtep International rose nearly 3%. A few days ago, the Sports Bureau of Shandong Province issued "Ten measures to further promote Sports consumption" and Beijing held the first "August 8 Sports consumption Festival". The sportswear industry received favorable policies. Guotai Junan pointed out that the profit of the sporting goods industry in the first half of this year is expected to exceed expectations.

The new energy sector rose sharply, Xiexin New Energy soared by 24%, downwind clean energy rose by more than 16%, and Poly Xiexin Energy rose by 10%. It is reported that the initial issue of more than 140 billion yuan of bonds to solve the arrears of new energy subsidies is expected to be completed by the end of this year. At present, the people's Bank of China, the Ministry of Finance, the National Development and Reform Commission and other departments have agreed that the two major power grid enterprises will issue bonds to solve the problem of undercompensation of new energy.

Catering stocks broke out collectively, Haidilao International Holding rose 12% to a new high, 99% rose more than 7% to break the top, Jiafu, everyone happy group rose. According to a recent report by the central bank, the next step should be to meet the people's yearning for a better life, improve the adaptability and flexibility of catering supply to changes in demand on the basis of inheritance and innovation, and promote the quality and efficiency of the catering industry. Stimulate the vitality of catering enterprises by increasing credit, taxes and fees and other support policies.

Gold and precious metal stocks plunged. As gold and silver prices fell sharply, spot gold fell below the $2000 mark, Zhaojin Mining and Shandong Gold Mining fell more than 5%, and Zijin Mining Group fell more than 4%.

Aviation stocks rose generally, China Southern Airlines rose 5%, Air China Limited, China China Eastern Airlines Corp Ltd and Cathay Pacific Airways rose more than 3%.

The Internet medical sector fell, with Zhongan Online down 4.88%, Ping An Healthcare And Technology down 3.82% and Alibaba Health Information Technology down 2.98%.

Individual stocks，$Tencent (00700.HK) $It closed up 2.29%, with a turnover of 13.1 billion and a market capitalization of 4.9 trillion. Goldman Sachs Group said in a research report that Tencent is about to announce second-quarter results, with revenue expected to grow 28 per cent to 114 billion yuan and operating profit under non-general accounting standards to grow 31 per cent to 35.8 billion yuan. the adjusted net profit is expected to increase by 25 per cent to 29.3 billion yuan. The bank raised Tencent's target price by 3 per cent to HK $556, maintaining its "buy" rating.

$Haidilao International Holding (06862.HK) $At one point, it rose more than 15%, a record high, and finally closed up 12.95%, with a market capitalization of 226.5 billion. According to the market point of view, Haidilao International Holding seized the opportunity to clear the shops under the epidemic, the third and fourth lines sank and the exhibition stores exceeded expectations, and investment opportunities emerged.

$Kaisa Group (01638.HK) $It hit a more than two-year high in intraday trading, closing up 7.84%, with a total market capitalization of HK $24.3 billion. Kaisa Group's contract sales in July increased by about 78.3% to 9.535 billion yuan. From January to July, total contract sales were about 45.567 billion yuan, with a floor area of about 2.68 million square meters, an increase of about 13.8% and 14.8% respectively over the same period last year. In addition, the company held a board meeting on August 27 to approve interim results.

Evergrande Health (500) (00708.HK) $It continued to decline, closing down 11%, down more than 25% in the past five trading days, and the market capitalization fell to HK $234.1 billion. Evergrande recently announced that its two production bases of China Evergrande New Energy Vehicle in Shanghai and Guangzhou have entered the stage of equipment commissioning and installation, building and assembling 2545 intelligent robots in accordance with Industrial 4.0. at present, the base temporarily uses the parts of old models for debugging. Hengchi series models will be produced in the future.

$China Tower Corporation (00788.HK) $Closing down 3.31%, the company announced today that revenue for the first half of 2020 was 39.794 billion yuan (RMB, the same below), up 4.8% from the same period last year; operating profit was 5.841 billion yuan, up 3.8% from the same period last year; profits attributable to shareholders of the company were 2.978 billion yuan, up 16.9% from the same period last year; basic and diluted earnings per share were 0.0170 yuan, excluding interim dividends.

In terms of funds for Hong Kong stock exchanges

As for Hong Kong Stock Connect, there was a net inflow of HK $1.902 billion from Hong Kong Stock Connect (southbound) today.

Message surface

Data securityThe Ministry of Industry and Information Technology openly solicited opinions on the Guide to the Construction of data Security Standard system in Telecom and Internet Industry (draft for soliciting opinions)。According to the draft for soliciting opinions, on the basis of the basic common standards, key technical standards, and safety management standards, and combined with the development of the new generation of information and communication technology, focus on the layout of key areas such as 5G, mobile Internet, vehicle Internet, Internet of things, industrial Internet, cloud computing, big data, artificial intelligence, and blockchain, and gradually cover other important areas in the light of industry development. Combined with the development of key areas and the needs of data security protection, formulate relevant data security standards.

Consumer electronicsIn the second quarter of 2020, shipments of China's tablet computer market increased by 17.7% compared with the same period last year. According to the latest quarterly tracking report of tablets released by IDC (International data Center), the Chinese tablet market shipped about 6.61 million units in the second quarter of 2020, an increase of 17.7 percent over the same period last year. Among them, Apple Inc iPad shipped about 2.76 million units, an increase of 18.7% over the same period last year, accounting for 41.8% of the market share, returning to the first place of shipment. Huawei shipped about 2.45 million tablets, an increase of 59.5% over the same period last year, with a market share of 37.1%, keeping the highest year-on-year growth rate.

SemiconductorsHuawei set up a department to make screen driver chips to enter the screen industry. Huawei Yu Chengdong recently issued a document entitled "notice on the Establishment of display driver products in the Terminal Chip Business Department", which shows that Huawei wants to set up a department to make screen driver chips and enter the screen industry.

In terms of automobile industryAccording to the China Automobile Association, China produced 2.201 million vehicles in July, up 21.9 percent from a year earlier, and sales of 2.112 million vehicles, up 16.4 percent from a year earlier. The output of new energy vehicles increased by 15.6% compared with the same period last year. Sales of new energy vehicles increased by 19.3% compared with the same period last year. Xu Haidong, deputy chief engineer of the China Automobile Association, said that new energy vehicles will maintain relatively steady growth in the second few months of this year, and the domestic new energy vehicle market is expected to sell 1.1 million units this year.

Institutional viewpoint

Anxin International said that the Hong Kong stock market is still in a period of adjustment, but there is not much room for decline, and the Hang Seng Index can stand firm above 24000. With the peak of the results announcement approaching in August, it is recommended to deploy shares with surprise interim results ahead of time.

Guotai Junan pointed out that the current Hong Kong stocks show a volatile trend, the medium-term important support at 23000 points. The view of medium-term outlook: the concept of "spiral wheel configuration" follows the plate rotation of "growth-cycle-consumption". In the direction of allocation, the short-term market focuses on the necessary consumption, property management and gold stocks with strong profit certainty. Medium-term focus on consumer stocks and cyclical stocks.

GF Securities Co., LTD. said that the superimposed exchange rate conditions of "a weak US dollar, a strong Hong Kong dollar and a rebound in RMB" are conducive to upward capital inflows and profit expectations, a rebound in market risk appetite, and continue to be bullish on the medium-term bull market in Hong Kong stocks.

Zhang Yidong, a strategist of stock promotion strategy, believes that the bull market of the core assets in the next few years is a high probability event, and the growth of science and technology is the main theme of this round of market. The traditional industry valuation repair is an interlude of "a rising tide lifts all boats", which is different from 2001-2010. Technology-based advanced manufacturing industry has both growth and cyclical characteristics, which is the optimal solution for medium-and short-term and medium-and long-term.

CITIC's latest research report points out that from the perspective of industrial trends, 5AIoT dividends are coming, and industrial trends such as 5G, cloud computing, IoT and semiconductor localization are improving; although mobile Internet dividends are gradually weakening, Internet giants with stronger R & D strength, talent reserves and cash flow have the opportunity to achieve breakthroughs and rapid growth in more scenarios.