To The Moon

When investors were worried about this week's market, the trend of HK stocks was surprising.

On Monday, $HSI(HSI)$ opened slightly lower and then went higher, closing up 2.69% against the trend.

In the middle of the week, Hong Kong stocks retreated and the market sentiment was sluggish.

But on Friday, there were two good news that prompted the rally:

1. US October CPI is lower than the forecast, and US stock soars;

2. The National Guard Health Committee issued 20 articles to optimize the pandemic prevention and control, which stimulated the Hang Seng Index to jump 7.7% on Friday.

Throughout the week, the Hang Seng Index rose 7.2%, recovering 17,000 points to 17,325.66.

Performance by sectors

This week the raw materials industry led the rally with 2%; Health care sector fell 1.1%:

Southbound funds ended net buying

Although Hong Kong stocks surged on Friday, there was a net sell-off of from the Southbound funds, ending the trend of daily net inflows since the end of September:

Key Events in Hong Kong Stocks Last Week:

1. $KOOLEARN(01797)$ hit an all-time high on Monday, up more than 14 times from its May low.

2. Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu said: An additional RMB stock exchange counter will be set up in the second quarter of next year;

3. China's CPI rose 2.1% year-on-year in October, leaving ample room for monetary policy;

4. The financing volume of real estate companies is currently increasing, supporting private property companies to issue bonds to push up the collective surge of real estate property stocks;

5. $NIO Inc.(NIO)$ released the third quarter report, the fourth quarter sales volume guidance missed estimates, but the sales volume will hit a record high;

6. Buffett once again reduced his holdings of more than 5.78 million shares of $BYD COMPANY(01211)$ to 16.62%;

7. The US CPI rose 7.7% year-on-year in October, lower than the expected 7.9%. The inflation peak triggered expectations that the Fed would slow down interest rate hikes, with the $NASDAQ(.IXIC)$ soaring 7.4% on Thursday;

8. The government issued 20 articles to optimize the prevention and control of the pandemic, cancelled the fuse mechanism for inbound flights and shortened the isolation period.

3 Stocks Worth Attention Among Top Trading HK Stocks Last Week

TOP 6 $SENSETIME-W(00020)$

$SENSETIME-W(00020)$ jumped 35.3% on monday.

The Ministry of Industry and Information Technology recently approved the establishment of three national manufacturing innovation centers, namely, the National Graphene Innovation Center, the National Virtual Reality Innovation Center and the National Ultra HD Video Innovation Center.

Citic Securities believes that the top-down policy support is expected to lay the foundation for the development of the domestic virtual reality industry, and the clear sales target is also expected to continue to promote the prosperity of the industry.

TOP 9 $NIO Inc.(NIO)$

Nio's share price hit a new low since its Hong Kong listing last week. But Friday saw a 20.4% jump, spurred by the third-quarter report.

TOP10 $COUNTRY GARDEN(02007)$

Last week's positive real estate policies continued, and the issuance of bonds by private enterprises is expected to accelerate. The property sector surged, with Country Garden's growth last week reaching a staggering 76%.

Key Earnings This Week

1. On Wednesday, $TENCENT(00700)$ will release its financial results. Bloomberg analysts unanimously expected revenue to be RMB141,597 million, down 0.5% year-on-year:

2. Before the bell on Thursday, $Alibaba(09988)$ and $NetEase(NTES)$ will release financial results.

Bloomberg analysts unanimously expected $Alibaba(BABA)$ quarterly revenue to be 209.244 billion RMB, up 4.3% year-on-year;

Netease's revenue is expected to be 24.386 billion, up 9.9% year-on-year:

3. Before the bell on Friday, $JD.com(JD)$ will release financial results.

Bloomberg analysts unanimously expected revenue of 243.14 billion, up 11.2% year-on-year: