Original title: Hong Kong stocks knew for a long time: pay attention to short-term price fluctuations of gold and silver stocks. Cobalt price is expected to rebound to drive China Molybdenum.Source of profit repair: Zhitong Finance Network
[Zhitong Viewpoint]
1. Overnight US stocks closed, with the Dow down 104.53 points, or 0.38%, at 27686.91; the Nasdaq down 185.53 points, or 1.69%, at 10782.82; and the S & P 500 down 26.78 points, or 0.80%, at 3333.69. The three major indexes of US stocks collectively closed lower, while the ADR index of Hong Kong stocks followed suit, closing at 24797 points, down 92.79 points and 0.37% on a pro rata basis.
2. China added 992.7 billion yuan in RMB loans in July, the money supply M2 increased by 10.7 percent over the same period last year, and the scale of social financing increased by 1.69 trillion yuan, both of which were lower than market expectations. According to central bank data, household deposits fell by 720 billion yuan in July, deposits by non-financial enterprises decreased by 1.55 trillion yuan, and deposits by non-banking financial institutions increased by 1.8 trillion yuan. China Minsheng Banking CorpWen Bin, the lead researcher, believes that there is mainly a marked increase in the number of deposits entering the stock market.
3. Precious metals plummeted across the board. Gold, silver, platinum and palladium fell across the board, spot gold and platinum fell more than 4% in the day, spot palladium fell more than 6%, spot silver fell more than 7%, gold Tender fell nearly 5%, Shanghai gold futures contract fell more than 5%, silver Tender and Shanghai silver fell more than 6%. Precious metals stocks fell sharply, while US stock Barrick Gold fell more than 9%. Pay attention to the short-term price fluctuations of gold and silver stocks.
4. The price of cobalt products has risen 8 times in a row, and the profitability of companies in the industry has been repaired. According to Baichuan information monitoring, after a sharp rise last week, cobalt prices continue to accelerate this week, cobalt salt products, cobalt tetroxide and cobalt oxide have achieved 8 consecutive rise, cobalt powder 7 consecutive rise. On August 11, the latest price of cobalt tetroxide was 238000 yuan / ton, up 2.15% from the previous day and more than 14% in the past week; the latest average price of cobalt oxide was 228000 yuan / ton, up 2.24% from the previous day and 14% in the past week. The gap between supply and demand is expected to expand, cobalt prices are expected to rebound strongly, driving cobalt companies to repair profits. Pay attention to the stock price trend of China Molybdenum (03993).
5. The Mexican Foreign Ministry said on Tuesday that Mexico will pay tribute to CANSINOBIO.Biology-B (06185) and Watson BiologyThe vaccine developed by the technology company conducted phase III clinical trials. CANSINOBIO A shares will be listed on the Shanghai Stock Exchange Science and Technology Innovation Board on August 13, 2020. The trend of A-share listing has a great impact on Hong Kong stock CANSINOBIO-B (06185).
6. After the adjustment of biological fair value, the medium-term profit attributable to shareholders of WH Group Limited (00288) decreased by 44.3% to $317 million. Before adjusting for biological fair value, the profit attributable to the company's owners was $550 million, an increase of 18.8 per cent year-on-year. In China, the rise in pork prices outweighed the decline in sales. The performance of the stock, the U. S. business impact is too great, the second half of the year uncertainties remain, as Hang Seng constituent stocks, the lack of short-term share price rising catalyst.
7. At the 10th anniversary speech of XIAOMI (01810), Lei Jun said that XIAOMI's R & D budget exceeded 10 billion yuan in 2020. XIAOMI released the world's first mass-produced transparent TV, which uses a 55-inch transparent OLED screen and supports 120Hz refresh rate at a price of 49999 yuan.
[company news]
CANSINOBIO-B (06185) has completed the A-share issue and will start trading on August 13.
Geely Automobile (00175): France-Pakistan personal Finance will increase its stake in Jizhi Auto Finance to a maximum of 50%.
BeiGene, Ltd. (06160) issued 24700 shares due to the exercise of share options.
Junzhi Group (01300) won the bid China Telecom Corporation Power Cable (2020) centralized Purchasing Project
Putian Communications Group (01720) affiliated or winning bid China Telecom Corporation centralized procurement project winning bid amount from 98.8 million yuan to 102 million yuan
Kangfang Bio-B _ (09926) PD-1/VEGF (AK112) obtained the clinical trial approval of the State Drug Administration of China.
Chenming Paper Industry(01812): Huanggang Chenming signed the construction agreement for the second phase of Huanggang Chenming project with a total investment of 12.8 billion yuan.
BYDThe share (01211) will pay a 2019 final dividend of HK $0.06562 per H share on August 18.
BYD Electronic (00285) proposes to pay a final dividend of HK $0.07765 per share in 2019
Huatai(06886) 1.091 million A shares were repurchased at a cost of 22.9656 million yuan on August 11.
Cofco Packaging (00906) cancels 7.695 million repurchased shares on August 11.
Fengsheng Holdings (00607) affiliated to China High Speed Transmission (00658) sold a total of 11.0498 million Riyue shares.Cash out 207 million yuan
China Huarong plans to reduce its holdings of Nanjing PandaElectronic shares (00553) not exceeding about 18.2768 million A shares
Zhongjiao Holdings (00839) plans to place 130 million shares first and then new to raise a net HK $2.002 billion
Wise Vision Education (06068) plans to issue 130 million additional shares
Over-allotment option exercised Jiaxing Gas (09908) issued 4.5045 million shares on August 11th
Follett.Glass (06865) awarded 4.6 million A-share restricted shares to 15 incentive subjects
As far as executives are concerned, the first 1/4 of the total stock options of Hua Hong Semiconductor (01347) will belong on December 24th.
Jiangxi copper industryShares (00358) intend to apply for the issuance of corporate bonds of no more than 15 billion yuan
China Overseas Land & Investment (00688) will issue special corporate bonds for housing rental of no more than 9.5 billion yuan.
Zijin Mining Group(02899) subsidiary Jinjian Global renewed to provide $74.43 million in stock shareholder loans to Golden Eagle Mining.
Xintian Green Energy (00956) plans to use 160 million yuan to raise capital to Fengning Construction Investment Co., Ltd.
[financial report data]
From profit to loss New Weston (08242) the loss attributable to the owner in the first half of the year was HK $66.769 million
Time Neighbourhood (09928) medium-term core net profit attributable to shareholders increased by 76.2% to 84.2 million yuan
China Tower Corporation (00788) the profit attributable to shareholders in the first half of the year was 2.978 billion yuan, an increase of 16.9% over the same period last year.
The profit attributable to shareholders of Shengjie Enterprise (06090) increased 16% year on year to S $21.005 million in the first half of the year.
China Literature's income in the first half of 00772 increased 9.7% to 3.26 billion yuan compared with the same period last year.
China Longyuan Power Group Corporation's medium-term return net profit increased 3.8% to 3.331 billion yuan in 00916.
Chenming Paper (01812) medium-term net profit increased by 1.28% to 516 million yuan
Proposed allocation of HK8 cents per share China Everbright Green (01257) medium-term profit attributable to shareholders increased by 1% to HK $822 million
After the adjustment of biological fair value, WH Group Limited's (00288) medium-term profit attributable to shareholders decreased by 44.3% to US $317 million in Shuanghui development.Medium-term net profit after tax increased 25% to 3.111 billion yuan over the same period last year.
Hua Hong Semiconductor (01347) second quarter profit attributable to shareholders decreased 59% year on year to $17.8 million medium-term profit attributable to owners of the parent company decreased 58% year on year to $38.14 million
Prudential plc (02378) medium-term net profit after tax decreased 73% year on year to US $534 million per share.
Hongteng Precision (06088) medium-term profit attributable to shareholders decreased by 78.23% year-on-year to US $22.173 million
From profit to loss Giordano International (00709) the loss attributable to shareholders in the first half of the year was HK $175 million.
The medium-term net loss of China Ding Yifeng (00612) decreased by 59.1% to HK $71.25 million compared with the same period last year.
Hopson Development (00754) total contract sales of 15.523 billion yuan in the first 7 months increased by 20.7% compared with the same period last year.
PICC Property and Casualty (02328) the total income of the original insurance premium of 276.63 billion yuan in the previous 7 months increased by 4.3% compared with the same period last year.
The People's Insurance's premium income in the first seven months of 01339 increased by about 4.24% to 370.942 billion yuan compared with the same period last year.
Sunny Optical Technology (02382) July mobile phone lens shipments increased by 25% year-on-year to 136 million pieces
Gross profit of natural uranium trade increases sharply (01164) medium-term net profit is expected to increase by 30% to 50%.
Turn loss to profit Sansheng Holdings (02183) it is estimated that the profit attributable to shareholders in the medium term is not less than 150 million yuan.
China Oriental Group(00581) expected medium-term net profit will decrease by 50% compared with the same period last year.
Tomson Group (00258) expects the comprehensive profit attributable to shareholders to decline by 90% year on year in the medium term.
Green King China Real Estate (00095) expects that the profit attributable to shareholders in the medium term will be reduced by about 95% compared with the same period last year.
Aowei Holdings (01370) has a medium-term forecast loss of no more than 100 million yuan.
[macro and Industry]
1. The Ministry of Commerce monitored the national edible agricultural products last week (August 3-9).The market price rose 0.5% over the previous week, 0.3% lower than the previous week; the market price of the means of production rose 0.1% over the previous week. Among them, meat prices rose slightly, of which the wholesale price of pork was 48.75 yuan per kilogram, up 1.2%, and the wholesale prices of beef and mutton rose 0.2% and 0.1% respectively.
2. Short-term prospects for the following year of EIA in the United States in August, US crude oil production is expected to be 11.26 million b / d, with a previous value of 11.63 million b / d, while EIA in August is expected to be 11.14 million b / d, with a previous value of 11.01 million b / d.
3. On August 11, China Information and Communication Institute released a report on the analysis of the domestic smartphone market in July 2020. Data show that in July 2020, the domestic mobile phone market shipped 22.301 million units, down 34.8% from the same period last year. From January to July, the domestic mobile phone market shipped a total of 175 million units, down 20.4% from the same period last year.
4. According to the latest quarterly tracking report released by IDC, the Chinese tablet market shipped about 6.61 million tablets in the second quarter of 2020, an increase of 17.7% over the same period last year. Among them, Apple Inc (AAPL.US) 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 shipments. 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.
5. On August 11, the China Association of Automobile Manufacturers released the latest sales figures, showing that passenger car sales in China increased by 8.5% in July compared with the same period last year. China produced 2.201 million cars in July, up 21.9 per cent from a year earlier; sales rose 16.48 per cent from a year earlier. China produced 100000 new energy vehicles in July, up 15.6 per cent from a year earlier; sales rose 19.3 per cent from a year earlier.
6. The Federation of passengers released an analysis of the national passenger car market in July. Figures show that retail sales of passenger cars reached 1.597 million in July, up 7.7 per cent from July last year and the strongest positive growth since May 2018. A total of 9.309 million retail vehicles were sold in the national passenger car market from January to July, with retail sales down 18.5 percent from the same period last year, up 4 percentage points from January to June.
7. The operating results of A-share listed securities firms in July have been announced one after another. According to the data, 39 listed securities firms achieved a total operating income of 48.634 billion yuan and net profit of 23.044 billion yuan in July, and a total of 30 brokerages increased their monthly operating income by more than 100% compared with the same period last year. While the head brokerage shows a bright "report card", the growth rate of small and medium-sized securities firms is also rapid. (classics reference)
8. Xinhua News Agency reported that under the influence of the new US financial regulatory policy on US-listed Chinese stocks, more US-listed Chinese stocks may speed up the pace of secondary listing in Hong Kong. Deloitte expects 6-9 Chinese stocks to list in Hong Kong in the second half of the year.
9. Since 2020, the total amount of overseas US dollar bonds issued by real estate companies has been US $45.2 billion, down 16.7% from US $54.3 billion in the same period in 2019. The reporter combed and found that of the 142 US dollar debt financing during the year, 44 had financing costs of more than 10 per cent. The 44 financing totaled US $13.55 billion, accounting for 30% of the total US dollar financing of housing enterprises during the year, and most of the issuers were small and medium-sized housing enterprises, or those that had just landed H shares in the past two years.
10. The State Post Bureau released the report on China Express Development Index in July 2020. Data show that in July, the development scale index of express delivery was 272.4, an increase of 28.2% over the same period last year. Judging from the itemized indicators, the volume of express delivery business is expected to complete 6.93 billion pieces, an increase of 32% over the same period last year, with an increase of more than 1.5 billion pieces for four consecutive months; the revenue of express delivery business is expected to complete 73.92 billion yuan, an increase of 21.5% over the same period last year, and the growth gap between volume and income is further narrowed, basically the same as in April.
[major shareholders increase or decrease their holdings]
On Aug. 5, JPMorgan reduced its stake in CAAC Information Network (00696) about 9.8638 million shares at a price of about HK $14.96 per share, for a total amount of about HK $148 million. After the reduction, the latest number of shares is 44.4017 million shares, and the latest shareholding ratio is 4.76 per cent.
On Aug. 4, Wellington Management Group LLP reduced its stake in China Oilfield Services (02883) 5.832 million shares at HK $6.097 each, for a total amount of about HK $35.5577 million. After the reduction, the latest number of shares is 85.9195 million shares, and the latest shareholding ratio is 4.74%.
[big Bank rating]
Goldman Sachs Group: raise Tencent's (00700) target price to HK $556 to maintain a "buy" rating
UBS: maintain Hysan Societe Generale (00014) "neutral" rating target price of HK $24
HSBC: raise Zhongsheng Group's (00881) target price to HK $60 to maintain "buy" rating
CICC: give Galaxy Entertainment (00027) "outperform Industry" rating target price of HK $56.80
Morgan Stanley: downgrade Everbright International (00257) target price to HK $5.40 to "keep pace with the market"
[transaction alarm]
Trend of new shares:无;
Results announcement:Tencent (00700), China Unicom(00762), Guotai Junan(02611), Cathay Pacific (00293), New City Hyatt Service (01755), Kangzhe Pharmaceutical (00867), Adima (08418), China Gas (08246), Vertical and horizontal Travel Holdings (08069), des Holdings (08437), United (00486), Global Digital creativity (08271), Inmars Group (08136), Gao Xin Retail (06808), Agile Group (08507), HMVOD Video (08103), China Biotechnology Services (08037) China Everbright Water (01857), PACIFIC LEGEND (08547), China New Telecom (08167), F8 Enterprise (08347), Yigao International Holdings (08218), Zhiyi Group Holdings (08370), Bay area Development (00737), Cornerstone Finance (08112), Huiyou Life Sciences (08088), Jiayuan International Holdings (02768), Aidali Network (08033), Shengang Holdings (08631), Goos International (08042), koala Financial Group (08226), Techtronic Industries (00669) Haowen Holdings (08019), China Science and Technology Industry Group (08111), Zoneng Holdings (08133), China basic Energy (08117), Zhiyi Holdings (08100), BC Technology Group (00863), Tongjing New Energy (08326), Hengqin Group (08331), Yi Lighting (082222), Capital Financial Holdings (08239), Weiyang Wine Holdings (08509), Agili Industries (01639), Baiying Leasing (08525), Baoji Capital (08168), China Acer (08646) Anyue International Holdings (08245), China Network Information Technology (08055), White Horse Outdoor Media (00100), Global Printing Museum (08448), China Coal bed methane (08270), Jingyang Group (08257).
