To The Moon

There were fewer events at home and abroad last week, and Hong Kong stocks performed flat, with the $HSI(HSI)$ up 0.6% and the $HSTECH(HSTECH)$ up 1.12%.

Although the market did not surprise, the performance of individual stocks and sectors is very wonderful. Among them, $Baidu(BIDU)$ $BIDU-SW(09888)$ surged 14.2% last week due to the higher-than-expected results.

In terms of sectors, the worst real estate sector of the year rose sharply under the influence of the restructuring of overseas debt, the reduction of the down payment ratio of second homes in Shenzhen and the regulation of the financing "whitelist" of 50 real estate enterprises:

By sector, all sectors rose last week, but southbound funds unexpectedly net outflow of HK $2.09 billion:

In different trading days, southbound funds frantically sold high and bought low. For example, last Monday, the Hang Seng Index rose 1.86%, with a net outflow of HK $6.1 billion.

Last Tuesday, the Hang Seng index rose higher and fell, and the southbound funds sold HK $2.44 billion again. Last Wednesday, the Hang Seng Index did not rise or fall, and the southbound funds inflow was HK $5.16 billion. Last Thursday, the Hang Seng Index opened lower and rose 1%, southbound funds outflowed HK $5.75 billion. Last Friday, the Hang Seng Index fell nearly 2%, and the southbound funds inflowed HK $8.73 billion!

Such high selling and low absorption is really eye-opening. Should we criticize the lack of pattern of domestic capital, or should we thank them for acting as a stabilizer for Hong Kong stocks?

Key Events in Hong Kong Stocks Last Week

1. The discount rate of AH shares narrowed, and some companies appeared upside down;

2. Completed the restructuring of $SUNAC SERVICES(01516)$'s overseas debt, resolving about 90 billion yuan of debt;

3. The regulator has drawn up a "whitelist" of 50 housing enterprises financing, and $COUNTRY GARDEN(02007)$ $Country Garden Holdings Co., Ltd.(CTRYF)$ and other risky housing enterprises are listed;

4. $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ 's net profit in the third quarter soared 182.9% year-on-year, but its stock price fell after the financial report;

5. $KUAISHOU-W(01024)$ $KUAISHOU TECHNOLOGY(KUASF)$ 's revenue in the third quarter was 27.95 billion yuan, an increase of 20.8% year-on-year;

6. $Baidu(BIDU)$ $BIDU-SW(09888)$ 's earnings beat expectations, and its share price continued to rise;

7.FINI platform was officially launched, and Hong Kong IPO settlement entered the "T+2" era;

8. $Contemporary Amperex Technology Co.,Ltd.(300750)$ is considering listing in Hong Kong;

9. Shenzhen issued a new housing policy, lowering the down payment ratio of second homes to 40%;

Three Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ , the company released its third quarter results last Monday, showed outstanding results and made progress in car construction, but its share price fell against the trend, falling by 5.9% in a week;

Top3: $COUNTRY GARDEN(02007)$ $Country Garden Holdings Co., Ltd.(CTRYF)$ , the real estate market continues to be good las week, real estate stocks soared, Country Garden weekly increase reached 26%;

Top8: $Baidu(BIDU)$ $BIDU-SW(09888)$ , the company released its third quarter results last Tuesday, which exceeded expectations, the stock price rose sharply in a row.

This week's Hong Kong stock market events

1. This Thursday, China will release its November manufacturing PMI index, which is expected to be 49.6 by Bloomberg economists.

2. This week, $Tiger Brokers(TIGR)$ , $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ $Pinduoduo Inc.(PDD)$ and other Chinese stocks will release financial results: