To The Moon

On the last trading day of the first half of 2023, the Hang Seng Index $HSI(HSI)$ edged down 0.09%, putting an end to a humiliating first half.

Looking back at the trend of Hong Kong stocks in the first half of the year, at the beginning of the year, the capital market expects the economy to recover strongly under the cancellation of epidemic prevention and control, and Hong Kong stocks have come to a wave of recovery cattle.

However, with the release of monthly economic data, the market was dismayed to find that the economic recovery was not smooth sailing, and Hong Kong stocks began to fall on their own against global stock markets after falling below expectations.

In the first half of 2023, the Hang Seng Index fell 4.37%.

In terms of the sectors, the worst sector of the year was still real estate, which fell 14.4% in the first half of the year, followed by the healthcare industry, with the biggest increase in the optional consumer sector:

Southbound fund had a net inflow of HK $123.55 billion in the first half of the year, down 40.5% from the same period in 2022:

In terms of gains, the top 10 stocks in the first half of the year are as follows:

$MOG DIGITECH(01942)$ $AIM VACCINE(06660)$ $ZTE(00763)$ $LI AUTO-W(02015)$ $CORNERSTONE RTS(08571)$ $LEAPMOTOR(09863)$ $FLAT GLASS(06865)$ $CRRC(01766)$ $YADEA(01585)$ $NTES-S(09999)$

Key Events in Hong Kong Stocks Last Week

1. Alibaba $Alibaba(BABA)$ $Alibaba(09988)$ will split the Freshippo into the HK IPO as soon as November;

2. Berkshire Hathaway $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ , Buffett's company, reduced its stake in BYD $BYD Co., Ltd.(BYDDY)$ $BYD COMPANY(01211)$ 's Hong Kong shares to 8.98% from 9.21%;

3. The Ministry of Housing and Urban-Rural Development explore the establishment of a housing pension system to provide security for the whole life cycle of houses;

4. Premier Li Qiang attended the World Economic Forum Global Entrepreneurs Dialogue in Tianjin on the afternoon of June 27, and he is expected to achieve the annual growth target of around 5%;

5. The buyback amount of Hong Kong stocks in the first half of the year exceeded HK $44 billion, hitting a record high since records began in 2002;

6. Cainiao Group announced the launch of its own quality express business "Cainiao Express";

7. Meituan $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ acquired all the equity of Light Years Beyond, the transaction price is about 2.065 billion yuan;

8. Dali Foods $DALI FOODS(03799)$ announced privatization;

9.Keep $KEEP(03650)$ launches IPO;

10. The RMB exchange rate against the US dollar exceeded 7.28;

11. China's official manufacturing PMI49 for June was 0.2 higher than the previous month.

Three Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: Xiaomi Group $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ , different from the Internet industry last week, Xiaomi bucked the trend, rose as high as 7.3% in a week. According to the news, there are reports that mobile phone sales picked up in May;

Top5: Xpeng Motor $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ , according to the June sales data released by Li Auto $Li Auto(LI)$ , Xpeng sales picked up, the new model G6 released at the end of the month, the market praise is continuous, its stock price rose;

Top7: Yaoshibang$YSB(09885)$, last Wednesday, Yaoshibang landed on the Hong Kong Stock Exchange, rose 10% on the first day of trading and 1.5% in a week;

Next week's Hong Kong stock market events

1.On Monday, Caixin manufacturing PMI data will be released, the market expected 50.2, pay attention to whether it exceeded expectations; Us markets closed three hours early for Independence Day;

2.Us stocks will be closed on Tuesday;

3.On Thursday, the Federal Reserve will release the minutes of its June monetary policy meeting, focusing on raising interest rates.