Futu Information on November 5 | the three major indexes of Hong Kong stocks fell in the morning, with the depressed trend of weighted technology stocks dragging down market sentiment. The Hang Seng Index fell 0.95% to 24985 points, the National Index fell 0.78% to 8883 points, and the Hang Seng Technology Index fell 0.76% to 6326 points.

By midday's close, Hong Kong stocks were up 586, down 1109, to close flat at 1134.

On the plate side, large-scale technology stocksGeneral decline, B station fell nearly 5%, BABA, Tencent fell more than 2%, Meituan, Baidu, Inc. fell more than 1%.

Semiconductor plateAgainst the market rise, Hua Hong Semiconductor rose more than 5%, four days tired up more than 20%; Jingmen Semiconductor rose more than 1%, Semiconductor Manufacturing International Corporation have followed.

Shipping unitCollective decline, Pacific Shipping fell 6%; Cosco Haineng fell more than 4%, COSCO Shipping Holdings fell more than 4%, Cosco Haifa fell more than 2%.

Oil stocksAll fell, Petrochina fell by more than 3%, COSL by more than 2%, China Petroleum & Chemical Corp by more than 1%, and CNOOC by more than 1%.

Iron and steel stockLower, Angang shares fell by more than 7%, Chongqing Iron and Steel shares fell by more than 6%, Maanshan Iron and Steel shares and iron goods fell by more than 3%.

Individual stocks$time Electric (03898.HK) $It is up more than 2%. The progress of the business of Magi IGBT is better than expected, and revenue is expected to grow significantly next year and the year after next.

$Hua Hong Semiconductor (01347.HK) $Rose more than 5% to lead the semiconductor sector, the Philadelphia semiconductor index hit a record high for the fourth day in a row.

$Li Ning Co. Ltd. (02331.HK) $With a further increase of more than 4%, Morgan Stanley is optimistic about the increase in its business income and market share.

Corning Jerry Pharmaceuticals-B (09966.HK) $Increased by more than 2%, open up the pharmaceutical industry ALK-1 monoclonal antibody combined with Corning Jerry KN046 clinical trial to complete the first patient administration.

$HSBC Holdings PLC (00005.HK) $After falling more than 5%, the UK failed to raise interest rates and depressed bank stocks.

$Aluminum Corporation Of China Ltd (02600.HK) $It fell by more than 6%, and Shanghai aluminum futures have been adjusted back by 25%.

Angang Co., Ltd. (00347.HK) $Fell by more than 7%, rebar and iron ore prices adjusted sharply in October.

$Dongyue Group (00189.HK) $It has plummeted by more than 14%, and the proportion of Hong Kong stocks has continued to decline in the past two months.

UBS: maintain$Lenovo Group Limited (00992.HK) $Buy rating, target price rises to HK $11.50.UBS issued a research report that Lenovo Group Limited's second-quarter fiscal year 2022 results, income, net profit and gross profit margin are higher than UBS and the market generally expected. Management said that it is still optimistic about the demand for personal computers and expects the total size of the global PC market to remain at 340 million to 355 million units in the next few years, while inventory levels are gradually returning to normal, but still below pre-epidemic levels. UBS raised its earnings per share forecast for the 2022-2023 fiscal year by 10 per cent and 5 per cent, correspondingly raising its target price from HK $11 to HK $11.50. The impact of the expected withdrawal of the CDR has been reflected in the share price, as better PC demand will boost the share price and maintain Lenovo's "buy" rating.

Credit Suisse: to maintain the rating of the three major operators outperforming the market, the first choice$China Telecom Corporation (00728.HK) $。Credit Suisse reported that after meetings with the three major Chinese telecommunications companies, they all expected the strong momentum in the first half of the year to continue into the second half of the year, competition remained stable, average revenue per user (ARPU) was recovering, and saw great growth potential in the cloud business. Credit Suisse estimates that potential electricity price increases will affect EBITDA profit margins by 0.3 to 0.4 percentage points, while net profits are expected to be affected by 2 to 5 per cent. The bank has reduced the earnings of China Mobile, China Telecom and Unicom by 1% each this year and 2%, 3% and 5% respectively next year to reflect the potential increase in electricity prices, due to the small financial impact. As a result, the target prices of China Telecom and Unicom's H shares remain at HK $6.1 and HK $6.5 respectively, while the target price of China Mobile is slightly lowered from HK $85 to HK $84.9. In addition, as the fundamentals of the mainland telecommunications industry continue to improve and valuations are low, competition will remain moderate for at least two to three years, and it will also benefit from the digitization trend in the mainland, maintaining the "outperform" rating of the three major Chinese telecommunications companies. China Telecom is the first choice, followed by China Mobile and then China Unicom.

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