Editor / Futu Information roy
Futu News on June 17, the Hang Seng Index changed from falling to rising. As of press time, it is now up 0.08% or 21.9 points at 28458 points.
Meituan rose 0.21%, XIAOMI fell 0.18%, and Tencent fell 0.42%.
Southbound Capital sold a net HK $2.637 billion yesterday. Meituan, Tencent and XIAOMI Group received a net sale of HK $1.151 billion, HK $708 million and HK $364 million respectively. Among them, XIAOMI Group was sold net for the 13th day in a row.
As of June 16, the proportion of Tencent's latest cow-bear street goods is 93.1%. According to Futu Niuniu, Niuzheng Street heavy cargo area in the recovery price range of HK $569.99, the latest number of shares in this range of 1.108 million shares, an increase of 16000 shares over the previous trading day.
Morgan Stanley released a research report to maintain Kuaishou Technology-W "overweight" rating, with a target price of HK $300,000, saying that the company aims to spend more than 1 billion US dollars (US dollars, the same below) this year, and that competition with Douyin and its peers is expected to bring a long-term investment cycle. starting to realize in the fourth quarter or next year.
The bank said it spent 250 million in the first quarter and about 100m in April, bringing the number of monthly active users (MAU) to more than 100m in the first quarter, more than 150 million in April and expected to reach 250 million by the end of the year. The company is currently focusing on operations in Latin America, Southeast Asia and the Middle East and North Africa, with populations of 646 million, 675 million and 247 million respectively in 2019. According to Morgan Stanley, it took Douyin 3-4 years to reach more than 1 billion MAU. Assuming that the company achieves the same MAU as Douyin within 4 years, its investment will increase several times its current expenditure.
Other stocks, Bilibili Inc. rose 2%, JD.com Group rose more than 1%, BABA, Baidu, Inc., NetEase, Inc weakened.
Zhongan Online rose 1.88%. Zhongan Online announced that on June 16, 2021, the company entered into an insurance agreement for Tencent contacts, including: after renewing the Tencent Technology employee insurance agreement, the company agreed to provide comprehensive insurance services to Tencent Technology employees and their immediate family members; Chongqing Rui Deming employee insurance agreement, the company agreed to provide comprehensive insurance services for Chongqing Rui Deming employees and their immediate family members.
Other stocks, Hua Hong Semiconductor rose more than 2%, China Literature and Semiconductor Manufacturing International Corporation rose more than 1%, JD Health rose slightly, Alibaba Health Information Technology fell more than 1%, New Oriental Education & Technology Group fell more than 5% online.
