Statistics on the capital trend of the ChiNext Stock Connect (T+2) | August 23rd.
Capital trend of the Intelligent Hong Kong-Stock Connect|August 23rd
Bearish pressure continues to push the Hang Seng Index down for two consecutive days. The market has turned cold and the technology sector is showing weakness. | Hong Kong stock market barometer.
① The Hang Seng Index continued to fall for the second consecutive time under the pressure of short selling. Why does the market continue to be weak? ② The tech stocks are weak, what risks need to be noticed?
Full text | Quick Hand Q2 earnings conference transcript: Nearly 0.02 million Quick Hand Merchants used big models in the first half of the year, and the results of cooperation with Meituan exceeded expectations.
Kuaishou (HKEX: 1024) today released the financial report for the second quarter of fiscal year 2024 ending June 30: revenue was 310 billion yuan, an increase of 11.6% year-on-year; net income was 4 billion yuan, while net income for the same period last year was 1.5 billion yuan. Under Non-International Financial Reporting Standards, adjusted net income was 4.679 billion yuan, compared to 2.694 billion yuan for the same period last year. After the financial report was released, Kuaishou CEO Cheng Yixiao and CFO Jin Bing attended the subsequent financial report conference call to interpret the key points of the financial report and answer analysts' questions. The following is the main content of the Q&A session of this conference call:
[Brokerage Focus] Guoyuan International stated that after the internet plus-related sector's performance, market pessimism has eased and the sector continues to rebound.
Jingu Wealth News | Guoyuan International published a research report, stating that after the mid-term performance disclosure in the internet plus-related sector, the pessimistic sentiment in the market has eased, and the sector as a whole has continued to recover. The bank stated that currently, the valuation cost-effectiveness of the sector has become very significant, and it is expected to attract more inflow of funds. Although the macro economy still faces certain pressures, the bank has observed some positive changes. Currently, the leading companies in the Hong Kong stock internet plus-related sector have shown the characteristics of bottoming out in fundamentals, and although the macro economy still shows some pressure, the core business of internet companies has also gradually moved towards differentiated development in competition.
Zhitoon Hong Kong stocks interpretation | The Federal Reserve agreed to cut interest rates by 25 basis points, with strong financial reports from leading companies driving the collective growth.
Yesterday, the sluggish performance of internet-related giants caused the Hang Seng Index to stagnate. Today, the situation quickly reversed as the financial reports of several major giants were strong, resulting in across-the-board increases.
Meituan-W rose more than 4% in the afternoon, reaching a strategic cooperation agreement with Midea Group Co., Ltd.
Meituan-W (03690) rose by 4.20% in the afternoon and is currently trading at HKD 106.70, with a turnover of HKD 1.908 billion.
