To The Moon

Last week, the good news continued, first the United States in October CPI was lower than expected, the Federal Reserve rate hike probability plunged, the global stock market soared. After that, the presidents of China and the United States met and reached a number of consensus, and the external environment became warmer.

However, after Wednesday's rally, the $HSI(HSI)$ fell for two days in a row, bringing it back to square one.

Why are Hong Kong stocks insensitive to heavy profits? There may be three reasons:

First, a number of China concept stocks released quarterly reports last week, in which $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ 's third quarter results exceeded expectations, but the stock price opened high and went low.

While $Alibaba(BABA)$ $Alibaba(09988)$ 's financial report was hidden worries, Alibaba Cloud and Freshippo spin-off listing plan blocked, while affected by Jack Ma family is about to reduce holdings, the stock price plummeted nearly 10%, with the collapse of China concept stock;

Second, the real estate data released last week are not good. In October, 70 large and medium-sized cities housing prices fell by a record month-on-month since February 2015, causing foreign investors to worry about the momentum of economic recovery;

Third, southward funds are frantically high-selling and low-sucking, and madly selling HK $10 billion when the Hang Seng Index soared on Wednesday:

In the absence of long-term confidence in funds, it is not difficult to understand the sharp rise and fall. In the sector, the best performers last week were telecommunications services, and real estate and consumer and consumer sectors underperformed:

Key Events in Hong Kong Stocks Last Week

1. Xiaomi Automobile was approved by the Ministry of Industry and Information Technology: BAIC, CATL, BYD supply batteries;

2. Us CPI for October fell short of expectations;

3. Industrial value added over October increased by 4.6% year on year;

4. The stamp duty rate on stock transactions has been reduced to 0.1%, effective from November 17;

5. The two presidents met and reached a number of agreements;

6. The floor area of commercial housing sold in the January-October period was 925.79 million square meters, down 7.8% year on year, according to the National Bureau of Statistics. The sales volume of commercial housing was 9,716.1 billion yuan, down 4.9% year on year;

7. $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ posted third quarter earnings that beat market expectations;

8. $JD.com(JD)$ $JD-SW(09618)$ released its third quarter report, with revenue and net profit exceeding market expectations;

9. $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ released the third quarter report, and the gross profit margin was lower than expected;

10. $Alibaba(BABA)$ $Alibaba(09988)$ released its financial report, cancelled the spin-off and listing plan of Alibaba Cloud and Hema, and Jack Ma's family announced that it would reduce its shares;

11. $NetEase(NTES)$ $NTES-S(09999)$ Q3 revenue increased by more than 11% year-on-year, and the intraday stock price hit a new high for the year.

Four Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ , the company car manufacturing has made new progress last week, according to the data disclosed by the Ministry of Industry and Information Technology. Xiaomi Automobile appearance attractive, the battery is used BYD and CATL, by BAIC foundry;

Top2: $Alibaba(BABA)$ $Alibaba(09988)$ , the company released financial results last week, Taotian Group's revenue missed expectations, Alibaba Cloud and Hema canceled the spin-off listing plan, Jack Ma's family announced that it would reduce its shares,causing the stock price to plummet;

Top5: $WUXI XDC(02268)$ , the leading contract manufacturer of ADC, landed on the Hong Kong Stock Exchange last Friday. It rose 35.92% on the first day of listing, and Hong Kong stocks have picked up significantly;

Top10: $ALPHAMAB ONCOLOGY(ALMOF)$ $ALPHAMAB-B(09966)$ , investors must pay attention to the risk of innovative drug research and development because of poor clinical trial data of its core drugs, which triggered a sharp fall in its share price last week.

This week's Hong Kong stock market events

1. U.S. stocks markets will be closed Thursday for Thanksgiving Day.

2. U.S. stocks markets will be closed early on Friday for Thanksgiving Day.

3. This week, $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ $KUAISHOU-W(01024)$ $MINISO Group Holding Limited(MNSO)$ and other companies will release financial results, please follow.