Another miserable week, $HSI(HSI)$ fell 4.15% in last week, below 17,000 points round mark, hit a new low for the year!
On the macro, the official manufacturing purchasing managers' index (PMI) fell further to 49.4 in November, worse than market expectations.
On the micro, $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ and other Chinese stocks intensive disclosure of financial results last week, but most of the less than expected, resulting in a plunge in stock prices. Among, Meituan weekly drop of 19.43%, Bilibili for 19.39%!
Pessimism is spreading in the market, southbound funds also uncharacterisically. They did not buy more and more from the past, with only a small inflow of HK $3.49 billion last week. If you deduct Monday's sharp inflow of HK $5.29 billion, southbound funds this week's confidence seems insufficient:
By sectors, all except the materials sector fell last week, led by real estate and consumption:
Key Events in Hong Kong Stocks Last Week
1. The IPO market of Hong Kong stocks recovered, and four shares such as $SINOSYNERGY(09663)$ and $DEKON AGR(02419)$ opened their offerings on the same day;
2. The futures price of lithium carbonate plunged, and the share prices of companies such as $GANFENGLITHIUM(01772)$ fell;
3. The Central bank and other eight departments jointly issued the Notice on Strengthening Financial Support Measures to Help the Development and Growth of the Private Economy, proposing 25 specific measures to support the private economy;
4. Grizzly bears, an American short seller, claimed that $SENSETIME-W(00020)$ artificially inflated its income through related party transactions and other means;
5. The mass production of $Apple(AAPL)$ Vision Pro is imminent, and individual stocks in the industrial chain change;
6. $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ 's third-quarter report fell short of market expectations, and its stock price plummeted, hitting a new low since April 2020;
7. $Pinduoduo Inc.(PDD)$ greatly exceeded expectations in the third quarter, and its market value approached Alibaba $Alibaba(BABA)$ $Alibaba(09988)$ ;
8. Investment tycoon Duan Yongping re-bought $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ , costing nearly 60 million yuan;
9. Shares of $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ fell sharply after third-quarter results missed expectations;
10.The PMI rose to 50.7 in November, the highest in three months;
11. $Pinduoduo Inc.(PDD)$ surpassed $Alibaba(BABA)$ $Alibaba(09988)$ in market value;
12. New energy vehicles released sales data for November.
Four Stocks Worth Attention Among Top Trading HK Stocks Last Week
Top1: $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ , the company announced third quarter reports last week, although both revenue and net profit increased, the growth rate of takeout business is expected to decline in the fourth quarter, the growth of new business is challenging, and the stock price has plummeted;
Top3: $Alibaba(BABA)$ $Alibaba(09988)$ , $Pinduoduo Inc.(PDD)$ , one of the three giants of e-commerce, released financial results last week, revenue increased by 94%, the performance exceeded expectations, and the market value exceeded Alibaba, causing hot discussion in the market;
Top7: $SENSETIME-W(00020)$ , the company was shorted by US short-seller Grizzly Bear last week, which said SenseTime artificially inflated its revenue through related party transactions and other means. Although SenseTime denied it, the share price still fell;
Top10: $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ , the company released its third quarter report, with slowing revenue growth and a sharp decline in its game business, and its stock price plummeted.
This week's Hong Kong stock market events
Pre-market this Tuesday, $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ will release its financial report, focusing on whether it meets expectations:
Comments