Futu News on April 20, the Hang Seng Index opened lower today and rose at one point in intraday trading, but then weakened again. As of press time, it is now down 0.33% or 96 points at 29009 points.

XIAOMI rose 0.94%. According to Wind data, southbound funds bought a net HK $5.113 billion yesterday, of which XIAOMI Group-W bought a net HK $981 million.

XIAOMI Group-W announced that on April 19, 2021, the company repurchased 7.4 million Class B common shares at a price of HK $26.45-HK $26.60 per share, at a total cost of nearly HK $200m.

Meituan has changed from falling to rising, and is now up 0.62%. The Board is pleased to announce that the Company, Tencent and the placing Joint bookkeeping Manager entered into the placing and subscription Agreement on 19 April 2021, pursuant to which Tencent agreed to appoint the Joint placing bookkeeping Manager, and the placing Joint bookkeeping Manager agreed to act as agent for Tencent to procure the Placees to purchase the placing shares at the placing Price of HK $273.80 per placing share on a fully underwritten basis.

In response, Daiwa issued a report that Meituan raised a total of nearly US $10 billion through the placement of 187 million shares and the issuance of convertible bonds, and the new shares involved are expected to have a diluted impact of about 3.6 per cent on existing shareholders. The bank maintains its "buy" rating with a target price of HK $500.

Tencent fell by more than 1%. Macquarie maintains Tencent's target price of HK $778.

As of April 19, the proportion of Tencent's latest cow-bear street goods was 93.6 and 6.4. According to Futu data, the Niuzheng Street heavy cargo area is in the recovery price range of HK $580 to HK $589.99, where the latest number of bull certificates is 852000 shares, an increase of 73000 shares over the previous trading day.

BABA fell more than 2%. On the evening of April 19, the listed company Minmetals Development announced that the company had recently received a case investigation letter issued by the State Administration of Market Supervision and Administration ("State Administration of Market Supervision and Administration"). Because "the transaction is suspected to constitute an illegal concentration of operators", a joint venture steel vertical e-commerce company set up with BABA will be investigated.

Baidu, Inc. fell more than 2% to HK $205.

Alibaba Health Information Technology fell 0.65%, JD Health fell more than 1%. According to the research report released by the Exchange, Alibaba Health Information Technology was promoted in China's online medical sector, believing that its BMI system linked to the government and Alipay would serve as a catalyst to increase revenue from social insurance business. It also took a positive view of China's online medical industry, giving Alibaba Health Information Technology a target price of HK $33.50 and a "buy" rating, as well as JD Health's target price of HK $154and "buy" rating.

Other stocks, Ping An Healthcare And Technology rose more than 1%, China Literature rose slightly, Semiconductor Manufacturing International Corporation fell slightly, and Huahong fell more than 5%.