Futu Information on March 10 | Hong Kong stocks opened high and fluctuated in the morning. As of noon, the Hang Seng Index was up 0.45% at 28904 points; the National Index was up 1.26%.

Plate aspectTechnology stocks rebounded, and the Hang Seng Technology Index was up 3.58% at midday. Among the constituent stocks, Meituan rose 6.29%, JD.com 5.44%, NetEase, Inc 5.06%, Tencent 2.8%, BABA 2.32%, Semiconductor Manufacturing International Corporation 1.64% and XIAOMI 0.91%.

Catering stocks generally rose, 99 cents up 5.33%, quack feeding rose 6.64%, Haidilao International Holding 3.65%, Cuihua Holdings rose 2.99%, Da Happy and Taixing Group followed. Under the catalysis of this year's local Spring Festival policy, the catering market in first-and second-tier cities is hot during the Spring Festival: the same-store turnover rate of Haidilao International Holding during the Spring Festival is close to the level of the same period in 19 years; during the second Spring Festival, there is a big increase in the same store year-on-year; during the Spring Festival, the same-store food is basically the same as the same store during the Spring Festival; the same-store performance is excellent during the Spring Festival, and the same-store has a certain increase compared with the same period last year.

Auto stocks rebounded sharply, with Byd Company Limited up 7.2%, Great Wall Motor 5.56%, Geely Automobile 3.34% and DongFeng Motor Group 2.48%. According to data from the Federation of passengers, wholesale sales of new energy passenger vehicles reached 100000 in February, an annual increase of 640.2%, while monthly decline of 39.5%. Retail sales of new energy passenger vehicles reached 97000, an annual increase of 675%, but a monthly decline of 37.9%.

SaaS concept stocks rose across the board, including likes and cards in China by more than 9%, vobile group by more than 7%, Weimeng and Yidu Technology by more than 6%, and Huitou Technology by 5.71%. Mobile card is the leading payment-based technology platform in China, and the business model of "payment + value-added services" plays an important role in To B industry. CICC pointed out in a research newspaper a few days ago that it is optimistic that the company will quickly transform to technology-enabled commercial services, relying on the advantage of code-scanning payment. Vobile group sent Yingxi this Monday. Huilun Technology previously said that its cloud computing business brand SpotMax has officially launched AWS Marketplace.

The photovoltaic solar plate is stronger, Xinte Energy is up 14.29%, Xinyi Glass is up 10.57%, Flat Glass Group is up more than 9%, Xiexin New Energy and Poly Xiexin Energy is up about 6%, Xinyi Solar is up 5.72%.

Individual stocks$Sunny Optical Technology (02382.HK) $At noon, it closed up 6.79% at HK $190.3. The company announced on the 9th that it shipped 129 million mobile phone lenses in February, an increase of 34.4% over the same period last year, mainly due to the company's rising market share of mobile phone lenses; mobile camera module shipments of 65.94 million pieces, an increase of 51.6% over the same period last year and 1.2% month-on-month growth, mainly due to the increase in the market share of the company's mobile camera modules.

$China Telecom Corporation (00728.HK) $It closed up 1.13% at HK $2.68 at noon. China Telecom Corporation announced yesterday that he intends to list on the main board of the Shanghai Stock Exchange, with no more than 12.093 billion A-shares, that is, no more than 13 per cent of the company's total issued share capital after the A-share offering. In addition, the company reported revenue of 393.6 billion yuan in 2020, an increase of 4.7% over the same period last year, and profits attributable to shareholders of the company were 20.9 billion yuan, up 1.6% from the same period last year. Morgan Stanley has recently maintained its "overweight" rating with a target price of HK $3.50.

$Yadi Holdings (01585.HK) $At noon, it closed up 5.51% at HK $16.46. Daiwa issued a research report, saying that Yadi Holdings, as China's largest electric car manufacturer, believes the epidemic will accelerate the development of electric vehicles in the mainland, and expects Yadi's profit to grow at a compound annual growth rate of 78.2% in 2021-2022, compared with 13.3% in 2013-2019. Daiwa is first given a "buy" rating by Yadi Holdings and is the first choice in the industry, with a target price of HK $25.3.

$Kuaishou Technology-W (01024.HK) $At noon, it closed up 6.32% at HK $289.2. Nomura released a research report saying that the short video market has great growth potential, and the time users spend on short videos is expected to increase by 2025, from 26% last year to 49% in 2025. Kuaishou Technology, an industry leader in short video in China, is optimistic about the growth prospects of the company's advertising and live streaming business. It is expected that revenue will grow at a compound annual rate of 45% in 2020-23. It is the first to give Kuaishou Technology a "buy" rating with a target price of HK $333.

$Ganfeng Lithium (01772.HK) $At noon, it closed up 11.29% at HK $97.1. Vermilion Bird Fund Management Co., Ltd. increased its stake in Ganfeng Lithium by 352000 shares at a price of HK $95.56 each, for a total of about HK $31.0507 million, according to the latest data from the Hong Kong Stock Exchange. After the increase, the latest number of shares is 57.8018 million shares, and the latest shareholding ratio is 24.06 per cent.