Futu Information on August 16 | the three major indexes of Hong Kong stocks fell sharply, the Hang Seng Index closed down 1.05% and fell below 20000 points, the Hang Seng Index closed down 2.03%, and the State-owned Enterprises Index closed down 1.27%.

As of the close, Hong Kong stocks rose 811, fell 961, and closed flat at 1126.

The specific industry performance is shown below:

On the plate side, large-scale technology stocks rise and fall differently.Meituan fell more than 9%, Kuaishou Technology fell more than 4%, BABA fell nearly 2%, Baidu, Inc. fell 0.67%, Bilibili Inc. fell more than 0.51%, and Tencent rose 0.87%.

SaaS concept stocks fellWeimeng Group is down more than 15%, Kingdee International Software Group is down 2%, Kingsoft is down more than 1%, and China Software International is down 0.27%.

Medical and American stocks callbackYonghe Medical fell by more than 6 per cent, Angelalign Technology Inc. by more than 5 per cent, Gusheng Hall by more than 4 per cent, Hagia Medical by more than 1 per cent and Ping An Healthcare And Technology by nearly 1 per cent.

Semiconductor stocks continue to fallHua Hong Semiconductor fell nearly 3 per cent, Shanghai Fudan fell more than 1 per cent, Hongguang Semiconductor fell more than 1 per cent and Semiconductor Manufacturing International Corporation fell more than 1 per cent.

The inner room and property management unit are bright all day.Country Garden Services Holdings rose by more than 15%, Xuhui Yongsheng service by more than 13%, Xuhui holding group by nearly 13%, Longfor Group by more than 12%, Country Garden Holdings by more than 9%, and Shimao service by more than 6%.

Power stocks strengthenHuadian International Power rose by more than 6%, China Resources Power Holdings by more than 5%, Huaneng International Power by more than 4%, and China Power by more than 4%.

Shipping stocks reboundedProfit maritime rose by more than 8%, Cosco Haineng by more than 6%, Orient Overseas by more than 4% and SITC International Holdings by more than 2%.

Individual stocks$Meituan-W (03690.HK) $Down more than 9%.Tencent did not respond to market rumors that Tencent planned to sell all or most of Meituan's shares.

$Yanzhou Mining Energy (01171.HK) $It fell by more than 3%.On the news side, analysts said that thanks to the continuous promotion of the policy of increasing production and ensuring supply, coal production remained high, making the overall supply and demand of thermal coal balanced this summer, resulting in a dilemma between rising and falling prices. But later demand will be seasonally weaker, supply and demand fundamentals will be loose, and prices will still face downward pressure.

$Angelalign Technology Inc. (06699.HK) $It fell by more than 5%.On the news side, National Healthcare Security Administration decided to comprehensively carry out the investigation and registration of oral implant fees and medical service prices. Prior to this, Angelalign Technology Inc. issued a mid-term earnings warning.

$SITC International Holdings (01308.HK) $It's up more than 2%.SITC International Holdings released interim results, the group achieved revenue of about US $2.258 billion, an increase of about 69.2% over the same period last year; profit attributable to shareholders was US $1.167 billion, up 140.4% from the same period last year; basic profit per share was 43.95 cents; and an interim dividend of HK $2.40 per share was proposed. The increase in the group's earnings during the period was mainly attributable to the increase in average freight and container volume of container shipping and extended logistics operations, the announcement said.

$Kerry Logistics (00636.HK) $Up nearly 7%.UBS's latest report said that the company's current forecast price-to-earnings ratio had exceeded the freight adjustment, so it upgraded the company's rating from "neutral" to "buy" and raised its target price from HK $18.50 to HK $21.

Hong Kong stock exchange fund

As for the Hong Kong Stock Connect, there was a net outflow of HK $1.957 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

HKSARG: issue the first phase of consumption vouchers to about 29000 people

Today, the Secretariat of the consumption Voucher Scheme issued the first phase of consumption coupons to about 29000 successful registrants, a spokesman for the Hong Kong SAR Government said. The spokesman also said that the HKSARG has issued Phase II consumption coupons in phases since August 7, and has issued Phase I vouchers to about 104000 registrants who have successfully reviewed the vouchers. As at 13 August, a total of about 170000 applications for review have been received.

Development and Reform Commission: speed up the release of advanced coal production capacity and strive to do a good job in the implementation of medium-and long-term contracts for power coal

According to reports, in the next step, the National Development and Reform Commission will speed up the release of advanced coal production capacity and strive to do a good job in the implementation of medium-and long-term contracts for thermal coal to ensure the security of energy and power supply. First, to strengthen supervision and implementation, all coal-producing provinces and autonomous regions have signed a letter of responsibility for coal safety supply, and we will guide and supervise the implementation of coal production and power coal supply and other tasks. The second is to speed up the formalities of capacity approval and nuclear increase, coordinate and solve outstanding problems in a timely manner, and accelerate the release of advanced production capacity. Third, we should pay close attention to the supervision of medium-and long-term contract performance of power coal, organize and carry out performance verification in due course, and regularly carry out the collection and verification of non-performance cases to ensure that the contract implementation is in place. The fourth is to strengthen the guarantee of medium-and long-term contract transportation of thermal coal, optimize the dispatching organization, maximize the efficiency of railway transport, and ensure the transportation of thermal coal as much as possible.

Ministry of Industry and Information Technology: from January to July, the new production capacity of photovoltaic calendered glass increased by 63.6% compared with the same period last year.

On August 16, the Ministry of Industry and Information Technology released the operation of the photovoltaic Calendering glass industry from January to July 2022. According to the data of China Architectural Glass and Industrial Glass Association, from January to July, the new production capacity of photovoltaic calendered glass increased by 63.6% compared with the same period last year. By the end of July, there were 38 photovoltaic Calendering glass production enterprises in the country, with a production capacity of 65000 tons per day, including 93 kilns and 315 production lines, with a capacity of 60000 tons per day. The cumulative output of photovoltaic calendered glass was 8.212 million tons, an increase of 50.8% over the same period last year. Of this total, photovoltaic Calendering glass output in July was 1.356 million tons, an increase of 62.8 percent over the same period last year. The inventory was about 21 days at the end of July, an increase of 3 days over the inventory at the end of June.

National Healthcare Security Administration: pilot deployment of multiple health insurance bureaus to investigate oral implant fees

National Healthcare Security Administration recently studied and carried out special control work on charges for oral implant medical services and consumables prices in accordance with the "key points of work on correcting unhealthy tendencies in the field of pharmaceutical purchase and sale and medical services in 2022" of the nine ministries and commissions. The special management work will focus on standardizing the charging method of oral implant, regulating the price around the whole process of dental implant, strengthening the supervision and guidance of oral implant price in medical institutions, organizing the implementation of centralized purchase of implant volume, and so on.

Institutional viewpoint

DBS: it is expected that the mainland will launch a new round of policies to support the property market to stabilize the mood of property buyers.

DBS released a report saying that under the influence of worries about "loan suspension" and a slowdown in the start of the project, the mainland's national real estate sales were hit in July, pointing out that the authorities needed to strengthen policy support under the downturn of the physical market, waiting for a potential new round of policy support. high-quality inner housing stocks should be selected, and the preferred stocks, including China overseas Hongyang, China Resources Land, China overseas and Yuexiu, are all rated as "buy". The target prices are 7.03, 50.93, 31.89 and 10.12 respectively.

Morgan Stanley: heat wave pushes up electricity demand in the mainland, coal-fired power companies may reverse losses and record small profits in July

Morgan Stanley expects some independent coal power companies to break even or make small profits in July as coal production increases in July and the NDRC enforces coal contract pricing. However, due to power cuts in Sichuan, it is expected that the local polysilicon supply may be interrupted, and the polysilicon supply is still tight in the near future, and any supply interruption may lead to a sustained rise in prices.

Macquarie: maintenanceChina Resources cement Holdings (01313.HK) $"outperform" rating, target price reduced to HK $3.8

Macquarie released a research report that maintained China Resources cement's "outperform" rating, with an adjustment of + 4 per cent to 2 per cent per share for 2022-24, with a target price cut of 10 per cent to HK $3.80. Based on the company's market share strategy, sales of cooked cement are expected to be flat this year, meaning sales rose 27 per cent in the second half compared with the same period a year earlier, the bank said.

Goldman Sachs Group: downgrade$Li Auto Inc.-W (02015.HK) $Target price to HK $179, keep it on the buy list

Goldman Sachs Group issued a report that ideal-W recorded a Non-GAAP loss of 183 million yuan in the second quarter of this year, which was in line with the bank and market expectations, but the guidance in the third quarter was lower than the bank's expectations. The bank cut its ideal sales forecast for 2022-2025 by 6 per cent to 12 per cent to reflect the aging of ideal ONE and the erosion of sales by L9, and lowered its Non-GAAP net profit forecast for this year from 1.9 billion yuan to 1.5 billion yuan, and Non-GAAP net profit from 2023 to 2025 by 8% to 10%. The target price will be lowered from $199 to $179, keeping it on the "buy with certainty" list.

Xiao Mo: to reiterate$Li Ning Co. Ltd. (02331.HK) $Increase the rating and raise the target price to HK $94

Xiaomo released a research report, reiterating Li Ning Co. Ltd. 's "overweight" rating, raising its net profit forecast for the 2022-24 fiscal year by 1% to 2%, and raising its target price from HK $88 to HK $94. The company's net profit rose 12% year-on-year in the first half of the year, driven by a 22% year-on-year increase in sales, but sales growth was partially offset by a contraction in gross profit margin due to strong discounts, cost inflation and channel mix. Maintain the sales growth guidance of 23% for this year, and guide that the net profit margin may reach a high double-digit rate (about 16%, 19%).

Fu Rui: to$Semiconductor Manufacturing International Corporation (00981.HK) $"Buy" rating, target price reduced to HK $25.28

Fu Rui released a research report that lowered the target price to HK $25.28 for Semiconductor Manufacturing International Corporation's "buy" rating, and concerns about the impact of the half-downside cycle could limit the revaluation and cut its 2022-24 income forecast by 8 per cent to reflect deteriorating downstream demand.