Recently, the policy side is constantly good, bull engine securities stocks frequently change, but it takes time to stimulate the policy landing, coupled with the external market turmoil, superposition the Hong Kong stock market short-term rise is larger, last week the Hang Seng index $HSI(HSI)$ rose and fell 1.89%.
In terms of the sector, on Monday, the National Development and Reform Commission issued 20 measures to promote consumption. Consumer stocks soared at one time, and Hong Kong stock EFUND LIQUOR ETF $EFUND LIQUOR(03189)$ rose more than 4% at one point.
On Wednesday, the People's Bank of China again stressed that it would guide commercial banks to adjust the interest rate of stock personal housing loans in an orderly manner in accordance with the law. Bank stocks fell sharply, driving the Hang Seng Index to weaken. The pharmaceutical sector, affected by the anti-corruption, led Hong Kong stocks down last week:
Southbound funds flowed slightly into HK $1.6 billion last week:
Looking ahead to next week, both China and the United States will release blockbuster data that are expected to have an impact on global capital markets.
Key Events in Hong Kong Stocks Last Week
1. Haidilao $HAIDILAO(06862)$ expects the company's profits to increase by more than 30 times in the first half of the year compared with the same period last year.
2. The National Development and Reform Commission issued 20 measures to promote consumption.
3. Evergrande $EVERG VEHICLE(00708)$ soared 59.68% on Monday.
4.The manufacturing PMI in July was 49.3%, up 0.3% from the previous month.
5. The Central Commission for Discipline Inspection will focus on tackling corruption in the pharmaceutical sector, and the pharmaceutical sector has fallen across the board.
6. Li Qiang presided over an executive meeting of the State Council, which stressed the need to strengthen counter-cyclical regulation and policy reserve research, and introduce new policy measures.
7. Kuaishou $KUAISHOU-W(01024)$ issued a positive profit forecast, and it is expected that the net profit in the first half of the year will not be less than 560 million yuan, thus turning losses into profits.
8. The TikTok account of BEST BUY $Best Buy(BBY)$ store has been reopened.
9. A number of new energy vehicle companies have announced the delivery of new cars in July 2023. Li $Li Auto(LI)$ and NIO $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ delivery volume has set a record, and Xpeng $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ has returned to the camp of 10,000 vehicles.
10. The People's Bank of China announced that it would guide commercial banks to adjust the interest rates of individual housing loans in an orderly manner in accordance with the law.
Four Stocks Worth Attention Among Top Trading HK Stocks Last Week
Top5: Xpeng Motor $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ , affected by Volkswagen's stake, Xpeng's share price rose continuously, rising more than 12% at one point on Monday, reaching an one-year high. However, due to the huge increase, coupled with Xpeng's July delivery volume of only 11008 vehicles, and the departure of Wu Xinzhou, the soul of smart driving, also exerted great pressure on Xpeng's stock price.
Top6: Kuaishou $KUAISHOU-W(01024)$ , last week, Kuaishou issued a performance forecast that the net profit for the first half of the year is not less than 560 million yuan, turning losses into profits.
Top7: Evergrande New Energy Vehicle Group $EVERG VEHICLE(00708)$ , on Monday, the second trading day of Evergrande Review, its share price rose nearly 60%.
Top8: NIO $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ , on August 1st, NIO released July sales date, delivering a total of 20426 vehicles recordly, of which the new ES6 delivered 10, 000 units a month, creating the best results.
Next week's Hong Kong stock market events
1. Next Tuesday, China's July import and export data will be release, which can reflect the domestic economic recovery or have a greater impact on the stock market. Before the US stock market, Li $Li Auto(LI)$ will releas its second quarterly report, and analysts expected revenue of 27.03 billion yuan. Focus on whether it is in line with expectations and sales guidelines for the next quarter.
2. Next Wednesday, China will release CPI data in July, focusing on whether it is mired in deflation.
3. Next Thursday, the US CPI data in July will be release, with economists forecasting a median of 3.2%, compared with 3% last month. The data will have a significant impact on the Fed's interest rate hike, focusing on whether it is in line with expectations; Alibaba $Alibaba(BABA)$ $Alibaba(09988)$ will release its quarterly report for fiscal year 2024, and analysts expect revenue of 222.88 billion yuan; SMIC $SMIC(00981)$ , Li Ning $LI NING(02331)$ $Li Ning Co., Ltd.(LNNGF)$ and other companies will release financial results.
4. After Friday trading, China will release M2 and new loan data, focusing on whether monetary policy continues to ease.
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