Financial Associated Press (Shanghai, editor Hu Jiarong) news, Tuesday Hong Kong stocks major index ushered in a collective rebound, Hang Seng Technology Index rose significantly, and led the Hang Seng Index rebound rhythm, leading the stock Alibaba intraday recorded the largest one-day increase since the listing, as of the close, the company rose 12.24%.
SPDB International said that most Internet companies are still at a low level in recent years, and the valuation of the sector is currently attractive. The short-term fluctuations in stock prices caused by previous policy supervision have not changed the long-term trend, which is conducive to the sustainable development of industry norms.
As of the close, the Hang Seng Index rose 2.72% to close at 23983.66; the Hang Seng Technology Index rose 4.21% to 5968.50; the State-Owned Enterprises Index rose 3.05% to close at 8527.12; and the Red Chip Index rose 1.22% to close at 3839.56.
In terms of concept stocks and sectors, the Hong Kong-returning Chinese stocks and mainland property management stocks led the gains, with gains of 7.15% and 7.03% respectively. Tobacco Concept and Tesla Concept stocks led the decline, but the decline was not large, 1.31% and 0.30%, respectively.
In terms of news, the US-listed Chinese stocks rebounded sharply in the US stock market, stimulating the Hang Seng Technology Index to rebound sharply. Among them, Alibaba-SW (09988.HK) and Autohome-S (02518.HK) rose the most, with 12.24% and 12.08% respectively.
Alibaba's chairman and CEO, Daniel Zhang, sent an internal letter on Monday announcing that the company had upgraded its "diversified governance" system and appointed Dai Shan and Jiang Fan to be responsible for the newly established "China Digital Commerce" and "Overseas Digital Commerce" sectors, respectively.
Kaiyuan Securities said that at the moment when the regulatory impact or has been fully expected by the market and the valuation of the plate has been greatly adjusted, the good time for long-term allocation of high-quality Internet companies has arrived, and it is recommended to actively pay attention to the vertical Internet head platform with content or technical barriers and outstanding operational efficiency, as well as the comprehensive head platform with high valuation and cost performance.
In addition to Alibaba's sharp rebound, the aviation sector on Tuesday ushered in a surge, as of the close, the sector rose 5.88%, including Air China (00753. HK) and China Southern Airlines (01055.HK) were the most upticks, at 6.5% and 5.82% respectively.
In terms of news, the United States infectious disease expert Fauci recently said that the infection data report from South Africa shows that although Ami Kerong has become the dominant variant of the virus in the local area, the hospitalization rate has not increased at an alarming rate, and the current performance of Omilon infected people is mild to moderate symptoms. At the same time, he also pointed out that Thermorkron may be less dangerous than Delta.
CITIC Securities pointed out that the short-term profit pressure on the aviation sector does not need to be overly pessimistic, and the benefits such as therapeutic drugs and vaccination rates are accumulating, and the impact on the mutant virus Omicron does not have to be overly pessimistic. It is expected that 2022 Q2 will start or usher in a rapid repair of domestic route demand and international routes may be opened.
CICC recently pointed out that although there is uncertainty or may continue to fluctuate in the Current Hong Kong stock market, the pessimism and panic in the market may be excessive, which can also be confirmed by the high short selling transaction ratio of Hong Kong stocks. Factors such as RRR cuts and continued domestic policy easing, changes in the policy of U.S.-listed Chinese stocks, regulatory policies, and the impact of the epidemic on global supply chains and inflation are likely to dominate short-term market performance and deserve close attention.
Southbound funds
Southbound funds flowed in for five consecutive trading days, with a net inflow of HK$3.166 billion.
Hong Kong market stock news and changes
[R&F sells assets to Blackstone Group and the debt due at home and abroad exceeds 15 billion yuan next year]
R&F Real Estate (02777. HK) rose 7.14% to close at HK$4.2. R&F Real Estate announced that the company intends to sell a 30% interest in the R&F Integrated Logistics Park at Guangzhou International Airport to Sonic Holdings I Limited, a subsidiary of the Blackstone Group Fund. It is estimated that the Company will receive $1.263 billion in cash from the sale. This is not the first time the company has sold its stake in the project. In November 2020, R&F sold a 70% interest in the Guangzhou International Airport Integrated Logistics Park to Blackstone Group for RMB4.41 billion.
【Sensor Tower: Tencent mobile game revenue ranked first in the world in November】
According to Sensor Tower store intelligence, a total of 37 Chinese manufacturers were shortlisted for the top 100 global mobile game publisher revenue list in November, with a total of more than 2.23 billion US dollars, accounting for 38.3% of the revenue of the world's top 100 mobile game publishers. Tencent (00700.HK) and NetEase (09999.HK) are not surprisingly ranked first and second. As of the close, Tencent and NetEase rose 3.57% and 5.83% to close at HK$463.8 and HK$170.6 respectively.
[E-House Enterprise Holdings rose 15% previously announced the completion of the acquisition of the joint venture TM Home equity 】
E-House Enterprise Holdings (02048.HK) rose 15.46% to close at HK$2.24. E-House Holdings previously announced that the sale and purchase agreement and subscription for the acquisition of the joint venture TM Home Limited were completed on 24 November, and upon completion, the joint ventures will be held by E-House and Alibaba Investment for approximately 70.23% and approximately 29.77% respectively. As a result, the joint venture becomes a non-wholly-owned subsidiary of E-House and its financial results will be incorporated into E-House's accounts.
【CIMC vehicles up 16.01% New energy brand Ling Yu joined hands with Huawei to promote digitalization】
CIMC Vehicles (01839.HK) rose 16.01% to close at HK$6.52. CIMC Vehicles recently said that the company is actively developing and promoting new energy, intelligence, digitalization and lightweight green products, and has built the largest green manufacturing system in the semi-trailer and special vehicle industry. The company comprehensively promotes the key project of "oil to electricity" and successfully jointly develops a pure electric concrete mixer truck.
【Geely Automobile up 4.49% in November new energy vehicle sales up 137% year-on-year】
Geely Automobile (00175. HK) rose 4.49% to close at HK$23.25. Geely Automobile announced total vehicle sales of 135,900 units in November, down approximately 10% year-on-year and up approximately 22% month-on-month. Among them, sales of new energy and electrified vehicles in November were 16,161 units, an increase of 137% year-on-year.
Bank of America Securities released a research report saying that it maintained geely automobile (00175) "buy" rating with a target price of HK$35.