The three major indexes of Hong Kong stocks rose collectively in the morning trading. The Hang Seng Index rose 0.44% to 26132 points, the National Index rose 1.07% to 9372 points, and the Hang Seng Technology Index rose 1.9% to 6761 points.
By midday's close, Hong Kong stocks were up 917, down 753, to close flat at 1166.
Plate aspectTechnology stocks are active again. Kuaishou Technology is up nearly 5%, NetEase, Inc is up more than 3%, Baidu, Inc. and XIAOMI are up 1.4%, and Tencent and Meituan are up 1%.
Home appliance stocks soared collectively, with Haier Smart Home up more than 7%.
Auto stocks were among the top gainers, with Byd Company Limited up 5%, Li Auto Inc. up more than 4% and Geely Automobile nearly 2%.
Real estate stocks continued to rebound, with Sunac China and Yuzhou Group up more than 8%, China Olympic Garden up nearly 8%, Hejing Pacific Group and Longfor Group up more than 6%, and China Resources Land nearly 5%.
The non-ferrous metals plate fell, Zhongguang Nuclear Mining fell by more than 7%, and China Nonferrous Mining, China Hongqiao and Minmetals fell by more than 4%.
In terms of individual stocks$Kuaishou Technology-W (01024.HK) $It rose nearly 5%, and Kuaishou Technology expects its total income to grow 31% year-on-year to 20 billion yuan in the third quarter.
$Sunac China (01918.HK) $It rose more than 8%, and contract sales in the first nine months rose 21% from a year earlier to 461.82 billion yuan, with a high target price of HK $30.82.
$Byd Company Limited (01211.HK) $It rose by more than 5% to an all-time high. Some models of Tesla, Inc. are equipped with lithium iron phosphate batteries, BYD or battery suppliers.
$Tianli Education (01773.HK) $At one point, the resumption of trading fell more than 15%, but closed up 1.82% at midday. Luo Shi, chairman of the board and controlling shareholder, is being assisted in the investigation.
$Xuhui Yongsheng Service (01995.HK) $Up nearly 3%, it is proposed to buy 80% stake in Shanghai Meikailong property management from Hongxing Meikailong (01528) for 696 million yuan.
$China Feihe Limited (06186.HK) $Up more than 4%, the agency said raw milk prices are expected to slow year-on-year growth in the fourth quarter, dairy profits may accelerate the release.
$Sihuan Medicine (00460.HK) $It rose 3.5%, and the application for the listing of the new drug Annalrazole Sodium was accepted by the State Drug Administration.
$Vinda International (03331.HK) $It fell by about 8%, and the gross profit margin fell again.
$New Town Development (01030.HK) $It rose 11.51%, and Jiang Jinzhi, a shareholder, increased its stake by 2.574 million shares.
UBS: maintain$China Unicom (00762.HK) $Buy rating with a target price of HK $7.According to the report, China Unicom's net profit in the third quarter rose 15% from a year earlier, lower than the bank and the market expected, mainly due to higher-than-expected depreciation and amortization expenses. With the increase in 5G penetration, management is expected to maintain its forecast of 7.5% year-on-year increase in revenue and 21% year-on-year profit. Based on the fact that the current market price is equal to 6 times next year's forecast earnings, the bank believes the company is undervalued. The bank believes that the Chinese telecom sector remains positive. Due to the gradually improved 5G penetration and healthy market competition environment, it is believed that China Unicom can maintain a stable user base in the mobile and fixed broadband markets, and is optimistic that new business growth will support long-term development.
HSBC Research:$Hong Kong Exchanges and Clearing (00388.HK) $The target price was lowered from HK $564 to HK $510 and the rating was downgraded from buy to hold.The bank expects HKEx's results to slow moderately in the third quarter, with its forecast for earnings per share falling 6.9% year-on-year to HK $2.47. The average daily turnover in the first nine months was about HK $180 billion, an annual increase of 43%. The initial public offering raised HK $285.4 billion, an annual increase of 32%. The average daily turnover of southbound and northbound derivatives rose due to the strong performance in the first quarter, but the daily turnover of derivatives excluding stock options and LME declined, and investment income forecasts also declined due to the low interest rate environment.
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