The situation in Hong Kong is turbulent
The mainland’s A-shares are sluggish. Hong Kong stocks are under pressure. Apart from the local stocks, some of the strong stocks are also rampant. Only some industry stocks are defensive. The conflict in Hong Kong has warmed up, which has diminished the investment climate. However, the investment value of Chinese stocks has limited impact and can be absorbed.
The Hang Seng Index opened lower by 289 points and went down
It fell 820 points in the afternoon and 26,830 points in the afternoon. It closed at 26,926 points, down 724 points or 2.62%. The H-Share Index fell 2.47%. The market turnover was 86.6 billion yuan, higher than the average of 10% in 60 days, and the transaction was stable. The Hang Seng Index fell below 10 antennas and 20 antennas in one breath, and should quickly recover lost ground to maintain the recent strong situation.
In terms of the market, according to the “Ming Pao” Hong Kong stock database, the ratio of rise and fall is 4 to 96, which is more than 3% and 40% of the decline. The candlestick is 7 to 93. The market is almost full-line, and the pressure is heavy. The industry is resilient. The 30 industries tracked by the newspaper database fell across the board, with technology equipment and local retail services falling by more than 4%. Housing funds, medical care, gas supply, and public utilities fell about 1.5%; among them, nearly 30% of pharmaceuticals rose, with the highest percentage of the industry. Pharmaceutical stocks (1093) and Weigao (1066) remained strong; individual strong L’Occitane (0973), BOC Aviation (2588) and Haifeng (1308) also reversed the market.
However, overall, strong stocks failed to avoid the pressure of rolling stocks, which have continued to climb the 52-week high of Conch Ventures (0586) in the past month and more than 4% yesterday. Conch Ventures uses cement kiln to co-dispose domestic garbage and grate furnace waste to generate electricity, develop into a core energy-saving and environmental protection business, and enter an explosive growth stage. Last year, solid waste disposal and garbage disposal revenue increased by 2.5 times and 47% year-on-year, accounting for business income. More than 70%.
Conch entrepreneurs enter an explosive growth stage
In the first year of the five-year plan for the implementation of Conch Ventures, the environmental protection business maintained strong growth in the first half of the year. The revenue from solid waste hazardous waste and garbage disposal increased by 90% and 1.9 times. As of the end of June, the solid waste disposal capacity was about 1.65 million tons per year. The annual processing capacity of waste-to-energy is 1.53 million tons, and it is facing 10 million tons of solid waste disposal signing year in 2023. The grate furnace waste power generation contracted to target 18 million tons of development. Although the business continues to expand, the Group’s debt ratio remains healthy at around 20% and will support sustainable development.
In the past six months, in the past six months, Conch Ventures has clearly outperformed other environmental protection stocks such as China Everbright International (0257) and Green Power (1330). However, the stock was not spared yesterday. Hey, fell below 10 antennas and 20 antennas, approaching the 30-yuan mark support position, keeping the material at a high level, and entering the market short-term can receive 50 antennas or about 29 yuan stop loss