2024-08-08
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
Cailianshe News, August 8 (Editor: Hu Jiarong)Today, the three major Hong Kong stock indices performed differently, with the Hang Seng and China Enterprises Index closing slightly higher. As of the close, the Hang Seng Index rose 0.08% to 16,891.83 points; the Technology Index fell 0.47% to 3,366.68 points; and the China Enterprises Index rose 0.14% to 5,941.47 points.
Today's Market
Judging from the performance of individual stocks, real estate and pharmaceutical stocks performed best, while automobile, shipping, beverage and gold stocks declined.
The real estate markets in various regions released positive signals, and Shimao Group led the rise of related stocks
Among real estate stocks, Shimao Group (00813.HK), Sino-Ocean Group (03377.HK), and Sunac China Holdings (01918.HK) rose 6.06%, 3.13%, and 2.97%, respectively.
In terms of news, the real estate markets in various places have continued to release positive signals recently. On August 6, the Housing and Urban-Rural Development Bureau of Huadu District, Guangzhou City, issued a policy that buyers of houses can enjoy "quasi-hukou" treatment, taking the lead in firing the first shot of "buying a house and settling in" in first-tier cities; on August 7, Shenzhen Anju plans to purchase commercial houses for use as affordable housing, which is also the second first-tier city after Guangzhou to start the "buying instead of building" model.
Furthermore, yesterday's report pointed out that Shanghai once again gave birth to the most expensive land in China. Greenland won the Xietu Street plot in Xuhui District for 4.805 billion yuan, with a transaction floor price of 131,045 yuan per square meter and a premium rate of up to 30%.
Pharmaceutical stocks continued to rise, BeiGene rose nearly 6%
Among pharmaceutical stocks, BeiGene (06160.HK), Fosun Pharma-B (02137.HK), and WuXi Biologics (02268.HK) rose 5.61%, 3.16%, and 1.60%, respectively.
In terms of news, the National Healthcare Security Administration released the list and information of drugs that have passed the preliminary formal review for the 2024 national medical insurance catalog adjustment. It received 626 corporate application information and 440 drugs passed the preliminary review.
Compared with last year, the number of drugs applied for by enterprises this year has increased. Except for the ikiorencel injection of Reindeer Biopharmaceuticals, all domestic CAR-T products have been included, including BeiGene's dactuximab beta injection, Simcere Pharmaceuticals' new generation EGFR antibody drug cetuximab beta injection, Kangfang Biopharmaceuticals' tumor immunity bispecific antibody new drug cardunilimab injection and other blockbuster innovative drugs.
In addition, BeiGene announced its first-half results yesterday, with revenue of 11.996 billion yuan, a year-on-year increase of 65.4%, and a net loss of 2.877 billion yuan attributable to the parent company, which was narrower than the same period last year. The company also stated that if calculated based on adjusted data, the second quarter achieved an operating profit of 48.464 million US dollars, turning losses into profits.
Poor performance of the auto market in July caused concerns, and Xpeng Motors fell more than 3%
Among auto stocks, Xpeng Motors-W (09868.HK), NIO-SW (09866.HK), and BYD Co., Ltd. (01211.HK) fell 3.44%, 3.33%, and 1.70%, respectively.
According to preliminary statistics from the China Passenger Car Association, from July 1 to 31, the passenger car market sold 1.729 million vehicles, down 2% year-on-year and 2% month-on-month. So far this year, the cumulative sales volume has reached 11.568 million vehicles, up 2% year-on-year.
From July 1 to 31, preliminary statistics show that the passenger car market retailed 879,000 new energy vehicles, a year-on-year increase of 37% and a month-on-month increase of 3%. The cumulative retail sales so far this year reached 4.991 million vehicles, a year-on-year increase of 34%. From July 1 to 31, the national passenger car manufacturers wholesaled 955,000 new energy vehicles, a year-on-year increase of 30% and a month-on-month decrease of 3%. The cumulative wholesale sales so far this year reached 5.575 million vehicles, a year-on-year increase of 30%.
In addition, the latest issue of the "China Auto Dealer Inventory Warning Index Survey" VIA released by the China Automobile Dealers Association on August 5 shows that the China Auto Dealer Inventory Warning Index in July 2024 was 59.4%, up 1.6 percentage points year-on-year and down 2.9 percentage points month-on-month. The inventory warning index is above the boom-bust line, and the automobile distribution industry is in a recession.
The main contract of container shipping on the European line weakened significantly, and Orient Overseas International fell more than 4%
Among shipping stocks, Orient Overseas INTERNATIONAL (00316.HK), COSCO SHIPPING (01919.HK), and SITC INTERNATIONAL (01308.HK) fell 4.02%, 3.89%, and 3.30%, respectively.
On the news front, the main contract of the European container line fell by more than 15% to close at 2754.9. In addition, Maersk said earlier that due to the continued existence of market risks, global container demand is expected to continue to grow in the next few quarters, but the growth rate will slow down.
Beverage stocks mostly fell, with Uni-President China falling more than 9% after results
Among beverage stocks, Uni-President China (00220.HK), Tingyi Holdings (00322.HK), and Nongfu Spring (09633.HK) fell 9.16%, 6.99%, and 2.53%, respectively.
From the above chart, Uni-President Enterprises China ranked first in the decline. The company announced its first half results yesterday, with revenue of 15.4486 billion yuan, a year-on-year increase of 6%; net profit of 965.7 million yuan, a year-on-year increase of 10.2%.
Macquarie expects Uni-President to continue to face adverse effects from price competition in the second half of the year. Management said the full-year sales growth target of 8% to 12% set at the beginning of the year may be difficult to achieve, and the guidance will be lowered to a more reasonable level of 5% to 8%.
Gold stocks are collectively under pressure as the central bank suspends gold holdings for three consecutive months
Among gold stocks, Zhaojin Mining (01818.HK), China Gold International (02099.HK) and Shandong Gold (01787.HK) fell 4.52%, 2.39% and 2.16% respectively.
In terms of news, data released by the central bank showed that at the end of July, the central bank's gold reserves were 72.8 million ounces, which remained unchanged for three consecutive months. The central bank ended its 18-month gold buying campaign in May.
Southbound Funds
After a massive inflow of over HK$10 billion yesterday, southbound funds outflowed HK$6.087 billion today. Since the beginning of this year, the cumulative inflow has reached HK$406.6 billion.
Stock news and changes
[Techtronic Industries rose more than 3% and institutions expect its brands to achieve double-digit growth in the next five years]
Techtronic Industries (00669.HK) rose 3.11% to close at HK$97.7. In terms of news, the company released its first-half results, with revenue of US$7.312 billion, up 6.3% year-on-year; and net profit of US$550 million, up 15.7% year-on-year. JPMorgan Chase pointed out that the company's Milwaukee brand's long-term revenue will be able to maintain double-digit growth in the next five years, as well as faster profit and free cash flow growth. The bank also raised Techtronic's target price from HK$126 to HK$135, maintaining its "overweight" rating.
[Sunny Optical Technology rose more than 3% and its profit in the first half of the year exceeded expectations]
Sunny Optical Technology (02382.HK) rose 3.10% to close at HK$43.2. On the news front, Sunny Optical previously announced a profit forecast, expecting the company's first-half performance to reach 1.048-1.08 billion yuan, a year-on-year increase of 140%-150%, exceeding market expectations.
Collect and organize the latest news information and make it available for free for everyone to read
