Futu Information July 13 | the three major indexes of Hong Kong stocks vary. The Hang Seng Index closed down 0.22%, the Hang Seng Index closed up 0.51%, and the State-owned Enterprises Index closed down 0.64%.

As of the close, Hong Kong stocks rose 858, fell 953, and closed flat at 1077.

The specific industry performance is shown below:

In the sector, most of the large technology stocks fell.JD.com rose nearly 3%, Tencent fell 0.71%, and BABA fell 0.37%.

Catering stocks are bright all day.Haidilao International Holding is up nearly 5%, Helens is up more than 8%, Naixue's tea is up more than 6%, and 99 cents is up more than 2%.

Aviation stocks are among the top gainers.China's China Southern Airlines Company is up more than 3%, Air China Limited is up nearly 3%, and Cathay Pacific is up 0.59%.

Power stocks strengthenXinjiang Goldwind Science & Technology rose by more than 9%, Dongfang Electric by more than 12% and Shanghai Electric by more than 1%.

Auto stocks rose slightly.XPeng Inc. rose by more than 2%, ideal by more than 2%, and NIO Inc. by nearly 2%.

Bank shares fell.China Merchants Bank fell nearly 7 per cent, Bank of China Ltd. fell more than 1 per cent and Industrial and Commercial Bank of China fell more than 1 per cent.

Inner housing and property management stocks fell collectively.Xuhui Holdings fell more than 13 per cent, Country Garden Holdings fell more than 8 per cent, China Overseas Land & Investment fell nearly 3 per cent and Country Garden Services Holdings fell more than 6 per cent.

Individual stocks$Tencent (00700.HK) $跌0.71%。On July 12, 22, the General Administration of Press and publication officially released the approval letter of domestic online games in July 22, and a total of 67 games were issued with version numbers, which was the third since the release of the April 22 edition. Head game companies Tencent and NetEase, Inc have not yet obtained the version number.

$Bilibili Inc.-SW (09626.HK) $It's up more than 3%.The third domestic online game version number issued, Bilibili Inc., byte beat, Kingsoft, Dream Tiandi and other manufacturers were issued with the version number.

$Xinjiang Goldwind Science & Technology (02208.HK) $It's up more than 9%.News side, July 12, Vietnam Charong Dongcheng Phase I 80MW offshore wind power project anchor cage, tower, wind turbine and its ancillary equipment procurement, commissioning procurement results public, Xinjiang Goldwind Science & Technology won the bid.

$Helens (09869.HK) $It's up more than 8%.The agency pointed out that with the warming of 2H22 passenger flow, offline catering will enter a rapid recovery period, superimposed beer consumption season, Helens as a social bistro leader, is expected to seize the first opportunity for recovery.

$Smoore International Holdings Limited (06969.HK) $It's up more than 2%.On the news side, the tobacco monopoly administrative department under the State Council and the relevant provincial tobacco monopoly administrative departments began to accept applications for licenses for tobacco monopoly production enterprises related to stock e-cigarettes.

Chinese traditional medicine (00570.HK) $It fell by nearly 17%.Analysts said that at present, the traditional Chinese medicine formula granule national standard and provincial standard publication and record variety is insufficient, the terminal group is limited, affecting the company's current sales. With the implementation of the national standard for traditional Chinese medicine formula granules, the production cost is significantly higher than before, and the terminal price increase is not fully in place.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $1.125 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Aliyun: invest 1 billion in the next three years to serve 300 cities with distribution partners

On July 13, Aliyun announced that it would invest 1 billion yuan in special funds in the next three years to serve 300 cities across the country with distribution partners. In addition, Aliyun said it will increase the scale of cooperation among institutional partners in professional segments, and provide support for consulting partners to serve Chinese enterprises to go to sea and multinational enterprises to land in China. Cai Yinghua, president of Aliyun Intelligent Global sales, said that Aliyun should form a cooperation model with a clear division of labor with partners and put forward clear numerical requirements for partners' share of income.

TrendForce: in the third quarter, IC prices fell 8% to 10%, and the decline is likely to continue until the end of the year.

According to TrendForce consulting research, terminal demand is weak since this year, leading to inventory pressure continues to rise, in order to effectively control inventory, the pulling momentum of IC also tends to be conservative, especially the shortage of peripheral IC in 2021, such as driver IC, Tcon, panel with PMIC, etc., demand for rapid reverse turn, so that panel factory in the third quarter of the panel driver IC price requirements for a greater decline. In the face of an imbalance between supply and demand and high inventories, the price decline driving IC in the third quarter is expected to widen to 810 per cent, and does not rule out falling all the way to the end of the year. TrendForce Jibang Consulting further said that in order to consolidate the supply momentum, Chinese panel-driven IC suppliers are more willing to cooperate with the requirements of panel manufacturers, with a price reduction of up to 1015%. Under the condition that demand is difficult to improve in a short period of time, panel-driven IC prices do not rule out the possibility that they will continue to fall and will most likely return to the rising point of 2019 sooner than expected.

Two sectors: encourage banking financial institutions to innovate credit products and services to support energy conservation and carbon reduction in urban and rural construction

The Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission recently issued a circular on the issuance of the carbon peak implementation plan in the field of urban and rural construction. The plan proposes to improve the relevant fiscal policies to support carbon peak in urban and rural construction and implement preferential tax policies. We will strengthen green financial support and encourage banking financial institutions to innovate credit products and services to support energy conservation and carbon reduction in urban and rural construction under the principles of risk control and business autonomy. We will rationally open the market for investment, construction and operation of urban infrastructure, and attract social capital investment by means of franchising and government purchase of services. We will improve policies on differential electricity prices, time-of-use electricity prices and residential tiered electricity prices, and speed up the promotion of heating metering and charging according to heat supply.

The terminal demand of CINNO Research:7 is low, and the price of mobile phone panel continues to decline.

According to a research report released by CINNO Research, terminal demand remained depressed in the first half of 2022, mainly due to the war between Russia and Ukraine, rising inflation and repeated epidemics in some areas, and LCD smartphone panel prices continued to decline. A-Si/LTPS panel prices declined at a monthly rate of 0.10 US dollars for six consecutive months from January to June, with a cumulative decline of 5% and 3% respectively. In July 2022, the price of LCD smartphone panel is still in the decline channel, and the price of a-Si/LTPS panel will continue to drop by 0.10 US dollars.

Institutional viewpoint

Tianfeng Securities: the release of the game version number is expected to be normal, which is expected to boost the low undervalued game plate.

Tianfeng Securities pointed out on July 13 that the release of the game version number is expected to be normal, which is expected to boost the low undervalued game plate. The continuous release of game version numbers indicates that industry regulation is expected to return to normalization, promote the project launch progress and performance of relevant game companies in the short term, and help to restore industry confidence in the medium term, while in the long run, games as a highly relevant industry in meta-universe, VR, AR and so on have room for imagination for the reshaping of industrial space.

Minsheng Securities: China's new energy vehicle penetration rate before 50% may not slow down

Deng Yongkang, assistant dean of Minsheng Securities Research Institute and chief analyst of the power equipment new energy industry, said that the Chinese market is the fastest growing market for electric vehicles, and the penetration rate of electric vehicles in China will certainly be much higher than that of overseas markets. it may rise rapidly to a level of 50% or more in the future. "you can see that the most acceptable market for many emerging consumer electronics products, including smartphones, is Asia, and the hardest place to accept is Europe, and so are cars. "said Deng Yongkang. As far as the domestic market is concerned, I don't think there will be a slowdown until the penetration rate of new energy vehicles reaches 50%. Deng Yongkang further pointed out that in overseas markets, the penetration of new energy vehicles will continue to spread. Therefore, on the whole, the world will be in the process of increasing the penetration of new energy vehicles in the next decade or more.

Morgan Stanley: the market is right.$Byd Company Limited (01211.HK) $Expectations are high, any uncertainty or greater short-term volatility

According to a report issued by Morgan Stanley, due to the transfer of shares indicated by the HKEx's central clearing and settlement system, the market was worried that Byd Company Limited's major shareholders might reduce their holdings. Its H shares and A shares fell 11 per cent and 6 per cent respectively yesterday. However, the bank's investigation by BYD shows that there has been no significant change in its major shareholder structure. The bank said BYD's fundamentals are still strong, but in addition to outperforming the group's annual car sales guidelines, the market also expects a significant increase in gross profit margins and breakthroughs in the electric car battery project. The bank believes that because of the high expectations of BYD and the fragility of market sentiment, any speculation or uncertainty could lead to greater volatility for shares in the short term. Morgan Stanley maintains a synchronized rating of BYD's H-shares with the big market, with a target price of HK $300.

Macquarie: optimistic about the development of the online game industry, preference$Tencent (00700.HK) $及$NetEase, Inc-S (09999.HK) $

Macquarie released a research report saying that the development of the online game industry is optimistic, followed by e-commerce and cloud services, mainly due to the higher regulatory transparency and profitability visibility based on the game industry, as well as the new engine of growth brought about by globalization. Macquarie prefers Tencent and NetEase, Inc-S, with Tencent as the first choice, saying that monetization of video accounts, international games and cloud services are all key catalysts for re-accelerating earnings growth next year.

CITIC: maintain$JD.com Group-SW (09618.HK) $Buy rating with a target price of HK $275

Citic Securities cloth research report said that since May, the company's growth has recovered orderly and improved month by month, and the cash flow under lean operation is healthy and profitable. The bank expects JD.com 's second-quarter revenue to grow 2.9 per cent from a year earlier, with non-universal criteria (Non-GAAP) net profit of 4.83 billion yuan and a corresponding net interest rate of 1.85 per cent. In the medium and long term, JD.com 's supply chain and logistics advantages are expected to further consolidate users, commercial value and society are expected to continue to increase market share.