This week, the Hong Kong market saw some fluctuations, with the $HSI(HSI)$ dipping slightly by 0.41%.
CRIC announced that the sales of China's top 100 real estate companies reached 435.49 billion yuan in October. That’s a 7.1% year-on-year increase and a 73% jump from the previous month—marking the second-highest monthly sales this year. It’s also the first time this year that we’ve seen positive year-on-year growth in a single month!
In addition, the National Bureau of Statistics released the manufacturing PMI for October, which came in at 50.1, surpassing analysts’ expectations of 49.9. This figure crosses the crucial line into expansion territory, signaling that the manufacturing sector is on the rebound. It’s the first economic data released since the stimulus measures rolled out in September, showing that those efforts are starting to pay off!
Next week is set to be action-packed. On November 5, the U.S. presidential election takes place, and by the afternoon of November 6, we should have a clearer picture of the results. No matter who wins, it’s bound to shake up global markets.
Also, from November 4 to 8, the 12th meeting of the 14th The Standing Committee of the National People's Congress (NPCSC) will take place. After this meeting, we can expect announcements on the specifics of stimulus policies, which could significantly impact the future direction of Hong Kong stocks.
This week, the real estate and consumer sectors performed well, while healthcare and utilities lagged behind.
Interestingly, southbound funds saw a net inflow of HK$15.19 billion this week.
Key Events in Hong Kong Stocks This Week
1. The Hong Kong Stock Exchange announced it will launch a virtual asset index series on November 15.
2. Three Hong Kong-listed real estate companies— $DAFA PPT(06111)$ $JIAYUAN INTL(02768)$ $DATANG GROUP(02117)$—announced their delisting on the same day.
3. $XIAOMI-W(01810)$ 's SU7 Ultra is now available for pre-order, priced at 814,900 yuan.
4. $BYD COMPANY(01211)$ released its third-quarter report, showing a 11.47% year-on-year increase in net profit, but the stock price fell.
5. The EU's anti-subsidy tax on Chinese electric vehicles took effect.
6. Saudi Arabia's first Hong Kong-listed ETF has reached a scale of HK$10 billion.
7. $LI AUTO-W(02015)$ reported its third-quarter results, which were below expectations, causing a sharp drop in its stock price.
8. In October, the top 100 real estate companies achieved sales of 435.49 billion yuan, a 7.1% year-on-year increase and the first positive monthly growth this year.
9. The Caixin China Manufacturing PMI for October rose to 50.3, marking a return to expansion.
10. The Ministry of Commerce plans to introduce new policies aimed at boosting consumer spending.
11. The 12th meeting of the 14th NPCSC will be held in Beijing from November 4 to 8.
Three Stocks Worth Attention Among Top Trading HK Stocks This Week
Top 1: $XIAOMI-W(01810)$ . The company launched the Xiaomi 15 and SU7 Ultra this week. The company also surpassed 20,000 vehicle deliveries in October, setting a new annual sales target and pushing its stock to a yearly high!
Top 6: $SUNAC(01918)$ . With the top 100 real estate companies achieving sales of 435.49 billion yuan in October—a 73% month-on-month increase—real estate stocks surged.
Top 9: $LI AUTO-W(02015)$ . It's third-quarter report exceeded expectations, but fourth-quarter revenue guidance fell short, leading to a significant drop in its stock price.
Next Week's Hong Kong Stock Market Events
1. November 5, U.S. presidential election voting, with results expected to be finalized by the afternoon of November 6.
2. Next Thursday, China will release October trade data, keep an eye on whether export growth picks up.
3. Next Friday, the Fed will announce its interest rate decision, watch for signs of potential rate cuts and future monetary policy.
4. Major semiconductor players like $Qualcomm(QCOM)$ $ARM Holdings Ltd(ARM)$ will report earnings next week, which could impact the semiconductor sector in Hong Kong.
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