Futu Information on August 15 | the volatility of the three major indexes of Hong Kong stocks weakened, the Hang Seng Index closed down 0.67%, the Hang Seng Index closed down 0.96%, and the State-owned Enterprises Index closed down 0.63%.

As of the close, Hong Kong stocks rose 664, fell 1132, and closed flat at 1102.

The specific industry performance is shown below:

Plate aspectMost of the science and Internet stocks fell, Baidu, Inc., Tencent, BABA, Weibo Corp fell more than 1%, NetEase, Inc fell 0.77%, Kuaishou Technology fell 0.66%.

Shipping stocks plummetedOrient Overseas fell more than 14 per cent, SITC International Holdings fell more than 6 per cent, COSCO Shipping Holdings fell more than 4 per cent, and Pacific Shipping fell more than 4 per cent.

Semiconductor stocks led the decline.Semiconductor Manufacturing International Corporation is down more than 6%, Hua Hong Semiconductor is down more than 3%, and Hongguang Semiconductor is down more than 2%.

Property management stocks fell.Country Garden Services Holdings fell nearly 5 per cent, Xuhui Yongsheng service fell more than 4 per cent, Jinke service fell more than 4 per cent, and Shimao service fell more than 2 per cent.

Stocks of brokerages generally fell.Everbright Securities, Oriental Securities, China Galaxy, Haitong, China International Capital Corporation and GF Securities Co., LTD. all fell more than 1 per cent.

Auto stocks fell slightlyXPeng Inc. fell nearly 3%, Guangzhou Automobile Group, Great Wall Motor, Geely Automobile and Li Auto Inc. fell more than 1%, and Byd Company Limited fell 0.28%.

Other aspectsSectors such as oil, gambling, aviation and home appliances fell one after another, while wind power, coal, catering and Internet medical stocks rose.

Individual stocks$Tencent (00700.HK) $It fell by more than 1%.Zheshang Securities Research newspaper said that Tencent's action of "reducing costs and increasing efficiency" has been partially completed, the pace has slowed down, and the negative financial impact has been basically digested before H2, after which earnings will appear, thus predicting H2 net profit to exceed expectations.

$Country Garden Services Holdings (06098.HK) $It's down nearly 5%.Nomura said in a research report that it reiterated Country Garden Services Holdings's "reduced" rating, bearish on scale growth and gross profit margin, and expected to lead to a slowdown in NIO Inc. 's size and profit growth due to the company's excessive cash use on several flagship acquisitions in previous years.

$Gao Wei Electronics (01415.HK) $It's up more than 8%.On the news side, Gao Wei Electronics announced interim results, the company realized income of US $405 million, an increase of about 35.9% over the same period last year, and the profit attributable to shareholders was US $31.391 million, up 40% from the same period last year.

$Trip.com-S (09961.HK) $It's up more than 1%.In the past five years, ticket orders for night tours at scenic spots during the summer vacation have been 120% higher than the usual daily average, according to data released by Trip.com on Aug. 12. Taking the data of July this summer as an example, ticket orders for night tours in scenic spots increased by 138% over the previous month, and the number of tourists increased by 165% compared with the previous month.

$Haidilao International Holding (06862.HK) $Up nearly 8%.In the news, Haidilao International Holding announced on the evening of August 14 that compared with the same period in 2021, the income of the group is about 20.1 billion yuan, and the group's income for the six months ending June 30, 2022 is expected to be no less than 16.7 billion yuan. Since the second half of the year, the restaurant performance of Haidilao International Holding Chinese mainland and other regions has improved significantly month-on-month.

$Pop Mart International (09992.HK) $It's up more than 3%.CITIC said recently that Pop Mart International's second-quarter performance was more affected by the epidemic than the bank had expected, and the second half of the year is expected to be repaired, but it is cautiously expected that offline traffic and consumers' willingness to buy trendy consumption will still take some time to recover.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, Hong Kong Stock Connect (southbound) has a net inflow of more than HK $200 million today.

Today's turnover of Hong Kong shares TOP20

Message surface

China Automobile Association: from January to July, the added value of the automobile manufacturing industry changed from negative to positive compared with the same period last year.

On August 15, according to data released by the National Bureau of Statistics edited by the China Association of Automobile Manufacturers, in July 2022, the added value of the automobile industry increased by 22.5% compared with the same period last year, which was 19.7 percentage points higher than that of industries above the national scale in the same period. From January to July, the added value of the automobile manufacturing industry increased by 1.3% compared with the same period last year, from negative to positive.

National Bureau of Statistics: in the next stage, efforts should be made to expand effective demand and infrastructure investment.

Fu Linghui, spokesman for the National Bureau of Statistics, said: generally speaking, industrial production continues to recover and the supply chain of the industrial chain gradually opens up, but the recovery of market demand lags behind, which restricts industrial production and leads to an increase in the inventory of finished products in enterprises. tight cash flow is not conducive to the virtuous operation of the supply and demand cycle. In the next stage, efforts should be made to expand effective demand, give full play to the role of special debt, expand infrastructure investment, promote the growth of investment in relevant manufacturing industries, promote the implementation of policies to promote consumption, and promote foreign trade to promote stability and quality. At the same time, we will properly implement various policies to reduce taxes and help enterprises bail out hardship, reduce enterprise costs, and consolidate the foundation for the recovery of industrial production.

Ministry of Science and Technology: support the construction of a new generation of artificial intelligence demonstration application scenarios

On August 15, the Ministry of Science and Technology issued the Circular on supporting the Construction of a New Generation of artificial Intelligence demonstration Application scenarios, the first batch of which supported the construction of ten demonstration application scenarios, namely, smart farm, smart port, smart mine, smart factory, smart home, intelligent education, self-driving, intelligent diagnosis and treatment, intelligent court, and intelligent supply chain. Among them, in order to meet the demand of self-driving to further expand from specific roads to conventional roads, the key technologies such as high accurate environmental perception and over-the-horizon information sharing of vehicle-end and road-end sensor fusion, and collaborative decision-making and control of vehicle-cloud integration are used to demonstrate and apply self-driving scenes under complex driving conditions such as intersections, roundabout islands, ramps and so on. Promote the development of highway unmanned logistics, high-level self-driving cars, intelligent network-connected buses, autonomous valet parking and other scenarios.

China Iron and Steel Association: in the first ten days of August, the daily steel output of iron and steel enterprises was 1.9426 million tons, an increase of 2.89% over the previous month.

According to the data released by the China Iron and Steel Association on August 15, in early August 2022, iron and steel enterprises produced a total of 19.4331 million tons of crude steel, 17.8997 million tons of pig iron and 19.4256 million tons of steel. Of this total, crude steel produced 1.9433 million tons per day, up 2.81 percent from the previous month; pig iron produced 1.79 million tons per day, up 2.01 percent from the previous month; and steel produced 1.9426 million tons per day, up 2.89 percent from the previous month.

National Bureau of Statistics: retail sales of consumer goods totaled 3.587 trillion yuan in July, up 2.7% from the same period last year.

Retail sales of consumer goods totaled 3.587 trillion yuan in July, up 2.7 percent from a year earlier, according to data released by the National Bureau of Statistics on Aug. 15. Of this total, retail sales of consumer goods other than cars totaled 3.2046 trillion yuan, up 1.9 percent. From January to July, retail sales of consumer goods totaled 24.6302 trillion yuan, down 0.2 percent from the same period last year. Of this total, retail sales of consumer goods other than cars totaled 22.1332 trillion yuan, an increase of 0.2 percent.

Institutional viewpoint

UBS: mainland Cloud Services Market meets structural change$BABA-SW (09988.HK) $及$Tencent (00700.HK) $Material is under pressure, first choice$Baidu-SW (09888.HK) $

UBS reported that structural changes in the mainland cloud services market, a shift in spending from Internet companies to other vertical industries, a shift from public clouds to private clouds and hybrid models, and recent regulatory issues are creating new beneficiaries, will put pressure on leading platforms, and BABA-SW and Tencent are expected to come under more pressure. In the cloud exposure, UBS preferred Baidu, Inc.-SW because Baidu, Inc. can capture more non-Internet application scenarios, especially in the field of self-driving with high gross profit margin.

Nomura: maintain$Semiconductor Manufacturing International Corporation (00981.HK) $"neutral" rating, target price reduced to HK $20

Nomura released a research report saying that it maintained Semiconductor Manufacturing International Corporation's "neutral" rating and lowered its target price from HK $25 to HK $20, but preferred Taiwan Semiconductor Manufacturing Co Ltd in semiconductor wafer shares. Citing management, the bank reiterated its plan to spend $5 billion on capital this year and expected capacity intensity to be maintained, raising its profit forecast for this year and next year by 67% and 58%, mainly reflecting an average rise in average sales prices over the past few quarters and an expansion of gross profit margins. But the bank believes that the company faces cyclical risks, especially if aggressive expansion plans continue, leading to adjustments or greater risks.

UBS: to$Haidilao International Holding (06862.HK) $Neutral rating, target price HK $15.2

According to the Yinfa research report, Haidilao International Holding issued a profit warning yesterday (14th), and his income in the first half of the year is expected to be no less than 16.7 billion yuan, down 17% at most, which is worse than the 18.9 billion yuan and 19.3 billion yuan expected by the bank and the market respectively. Skimming off one-time losses, the group is expected to record a profit of 30 million yuan, roughly in line with the bank's expectations. The bank gave Haidilao International Holding a target price of HK $15.20, with a rating of "neutral".

Morgan Stanley: it is expected that optimizing the calendar of the Shanghai-Shenzhen-Hong Kong Stock Connect is beneficial.$Hong Kong Exchanges and Clearing (00388.HK) $Transaction income, with a target price of HK $340

According to the Morgan Stanley Research report, it is estimated that this will increase the Shanghai-Shenzhen-Hong Kong Stock Connect plan by 10-15 trading days and solve the calendar problems arising from the settlement of "Troup1". Based on the current average daily trading volume of the Shanghai-Hong Kong Stock Connect, it is estimated that there may be a potential increase in the trading volume and portfolio holding fees. It is expected that the trading income of the HKEx may increase by about 100 million yuan, with a target price of HK $340 and a "keep pace with the market" rating.