HSI 27,000 pull saw

Hong Kong stocks rose yesterday and then fell

The market focus Alibaba (09988) returned with a market value of 4 trillion yuan and a daily trading volume of about 14 billion yuan. In addition, the third phase of A-share “entry into Morocco” capacity expansion stimulated market transactions. Suddenly, the day-to-day turnover of Hong Kong stocks increased sharply to 133 billion yuan. The Hang Seng Index closed at 26913 points yesterday, down by 0.29%, and the H-Share Index closed at 10617 points, down by 0.11%. As the month closes, the market outlook is expected to continue to be seen at the 27000 level.

Tencent loses funds for Malaysia

As the third company with different voting rights structure (W shares) listed in Hong Kong, Giant.com Alibaba saw a high of 189.5 yuan in the early stage and closed at 187.6 yuan, which is a 6.6% increase from the IPO price of 176 yuan, and it earns 1160 yuan per 100 shares. . The market expects that Ali will be included in the “Hong Kong Stock Connect” and eventually return to the mainland A-shares. In fact, the company was listed in the United States in 2013. With the endless game between China and the United States, the return of the shares to Hong Kong has the role of “buying insurance”, and it is expected to attract other Chinese companies listed in the United States to follow suit.

Major banks have sang the prospect of Ali, and HSBC gave a buy rating with a target price of 241.6 yuan. However, recently, the related shares of the science and technology network that benefited from the shadow effect have seen a pullback profit situation. The most obvious one is Tencent (00700). Tencent opened higher and closed lower yesterday, closing at 335.6 yuan, down 0.9%, with a turnover of up to 9.9 billion. It does not rule out that there is money to reduce the weight of Tencent and change to Ali, who is considered to have faster business growth. As for another fund, New Guimei Group Review (03690), it was successfully promoted to the red bottom stock, which rose 2.5% yesterday to generate 100.8 yuan.

The third phase of the expansion of A shares ‘entry into motorcycles took effect after the market closed yesterday. The A shares’ inclusion factor in the MSCI Emerging Markets Index was expanded from 15% to 20%, which made the performance of related A shares in the Mainland more and more shameful, but based on earlier steps. Fry the authors, do not rule out that some will ship on good news. Cinda Bio (01801), which was included in the MSCI China Index, rose 1.75% yesterday, Hansen Pharmaceutical (03692) rose 0.39%, Ping An Good Doctor (01833) and Ya Life (03319) also rose 0.88% and 0.36%, respectively.

Trading in the mainland stock market was also active. The Shanghai Composite Index closed at 2907 points yesterday, up slightly by less than 1 point. The Shenzhen Component Index closed at 9767 points, up 0.53%. It is worth mentioning that Accor (03313), which was previously postponed by MSCI to become a constituent stock, was closed by large shareholders due to the sharp decline in stock prices. Although it was as high as 0.82 yuan yesterday morning, the closing price fell more than 14% to 0.52 yuan. The stock price spiked to a high of 14.96 yuan, a total of 97%!

Leading stocks in the pharmaceutical sector successively announced quarterly results. China Biopharmaceuticals (01177) announced revenues of approximately RMB 19.32 billion in the first nine months, a year-on-year increase of 22.8%. Profit attributable to owners of the parent company was approximately RMB 2.25 billion, year-on-year. Earn 2.5% more, but the performance is not lost, it has a neutral impact on the stock price.

The catering industry in Hong Kong has entered an ice age. Everyone (00341), which is engaged in fast food business in Hong Kong and the Mainland, has an interim net profit of 150 million yuan as of the end of September, a year-on-year decrease of 34.5%, an EPS of 25.81 cents, and an interim dividend of 19 cents. Driven by the decrease in business revenue growth in Hong Kong, revenue for the period was 4.264 billion yuan, a year-on-year increase of only 1.55%. The gross profit margin narrowed from 13.4% in the same period last year to 11.7%.

In the first half of the year, the revenue of catering in Hong Kong increased by only 2.2% to 3.133 billion yuan, but the performance of the segment plunged 21.2% to only 298 million yuan. Everyone Le shares retested the recent lows, and the weakness remained unchanged. It closed at 19.6 yuan yesterday, down 2%. The performance of the industry’s leading stocks is average, and the performance of other peers may be difficult to perform well.

China Gas (00384), which recently announced its interim results, increased its profit by 16% year-on-year to 4.9 billion yuan and paid an interim dividend of 10 cents. The stock fell to a one-month low of 28.65 yuan yesterday, and then the decline narrowed to 1.7% to close at 31.15 yuan.

China Gas is still well received by major players. Nomura raised its target price to 40.3 yuan and gave a buy rating, saying that its net profit was dragged down by one-off items, or its core profit rose 22% year-on-year. Other gas stocks performed well. China Resources Gas (01193) and Xinao Energy (02688) both rose more than 2%. Power stocks also performed well. China Resources Power (00836) rose 1.62% and Huaneng Guodian (00902) rose. 0.52%.

Mengniu acquires positive market response

Recently, a number of Chinese-funded enterprises have acquired business and assets from overseas, which have different effects on individual stock prices. Mengniu Dairy (02319) following the acquisition of an Australian organic infant formula manufacturer in September, Mengniu Dairy acquired another 3.186 billion yuan to acquire Lion-Dairy & Drinks. Lion-Dairy is mainly engaged in the production and marketing of dairy products and beverages. Some brands rank first in the Australian market. It purchases about 825 million liters of milk every year. It also has a cold chain distribution network of 35,000 customers, including Southeast Asia and China. The acquisition was seen by the market as synergistic, and happened to coincide with the slowing Australian economy and the weak Australian dollar. In the positive market response, Mengniu rose 3% yesterday, making 30.55 yuan.

As for the recent China Merchants Port (00144) investing US $ 468 million in the French shipping company CMA CGM, involving 10 terminal assets, it seems to cooperate with China to actively develop world-class port and terminal business, especially for the European market to make up for the future US market Slowdown. The company’s major shareholder even granted a loan of nearly 2.186 billion yuan to upgrade Haixing Wharf, which seems to be a strategic expansion deployment, but it is necessary to pay attention to whether the company’s short-term dividend payout ability will be affected. China Merchants Port closed at 12.3 yuan yesterday, down 0.97%.


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