China Fund News Chenxi
Hello everyone! Let's pay attention to the market situation and the latest information in the morning~
On the morning of May 14, the three major A-share indexes collectively dived shortly after opening, and then rebounded slightly. As of noon close, the Shanghai Composite Index was at 3144.15 points, down 0.12%; The Shenzhen Component Index edged down 0.01%, while the ChiNext Index fell 0.18%. 3,774 stocks were in the red, 181 were flat, and 1,406 were in the green; The half-day turnover was 528.829 billion yuan.
On the disk, the rotation of hot spots in the morning is more frequent, optical modules, CRO, and high-speed copper connections have risen successively, online games and real estate are strong in the afternoon, and concepts such as short dramas, Sora, and virtual humans are active. Coal stocks collectively pulled back, and the concepts of phosphorus chemicals, photovoltaics, and household appliances were sluggish.
Hong Kong stocks opened higher in the morning and fell in the morning. As of press time, the Hang Seng Index fell 0.13%, Hang Seng Technology rose 0.98%, and Hang Seng State-owned Enterprises fell 0.06%. Oriental Selection rose more than 15%, leading the rise of Hang Seng Technology.
Let's see the details -
Media stocks collectively pulled up the concept of online games
On the morning of May 14, media stocks rebounded again, and concepts such as online games, virtual humans, and skit games rose one after another. The online game index rose before noon, up 4.73%, with a total market value of 399.8 billion yuan.
Tom Cat touched the 20CM daily limit before noon, Dasheng Culture, Caesar Culture, Zitian Technology, Zhongqingbao, Xunyou Technology and other stocks rose sharply.
Recently, Tencent WeGame's official Weibo announced that the annual press conference "Game Night" will start at 8 pm on May 19. NetEase Games' official Weibo announced that the 2024 NetEase Games 520 online conference will be held at 19:30 on May 20, and the games participating in the conference include "Sixteen Voices of Yanyun", "Firefly Assault", "Marvel Ultimate Reversal", "Pokémon Adventure", "Egg Boy Party", "The Lord of the Rings: Discord", etc.
Tianfeng Securities Research Report believes that from the second quarter of 2024, with the return of the base of the top long-term games and the improvement of operations (including "Honor of Kings" and "BrawlStars", etc.), as well as the successive launch of heavyweight new games (including "Dungeons and Warriors: Origin", "SquadBuster", etc.), it is expected that the growth of the game business will enter the recovery track, which will drive the revenue growth rate to pick up, and there is room for further improvement in the short-term fundamental valuation constraints.
In addition to the concept of online games, the concept of online education in the morning is also on the rise. Onlly Education and Shengtong shares both rose by the limit, and many shares such as ST Kaiyuan, Henghua Technology, and Century Tianhong rose sharply.
According to the news on the website of the Ministry of Education on May 14, recently, the General Office of the Ministry of Education issued the "Notice on Carrying out the Action of the "Standardized Management Year" of Basic Education, which put forward requirements for the work objectives, key points of standardization and rectification, implementation steps, and improvement of the working mechanism for the "Standardized Management Year" action of basic education.
Auto stocks bucked the trend and strengthened, with many stocks rising to the limit
On the morning of May 14, the automobile sector bucked the trend and strengthened, and the concept of new energy vehicles rose. Zhongtong Bus has two boards, Jinlong Automobile, Zhenghe Industry, Ankai Automobile and other shares have a daily limit, and Siling Shares, Qianjiang Motorcycle, Great Wall Motor, etc. have followed up.
On the news side, the export sales of passenger cars in April hit a new monthly high. Passenger vehicle exports in April totaled 417,000 units, up 38% y/m/m/m, and the highest monthly export volume in history. NEV exports totaled 115,000 units, up 26.8% y/y, and 27.9% of passenger vehicle exports were down 2.9 percentage points y/y.
Recently, Cui Dongshu, Secretary-General of the Passenger Association, said that China's auto market will face a continuous improvement in 2024. In March, the automobile market was greatly boosted by the start of commercial vehicles and the end of the quarter, and the passenger car market declined greatly due to the wave of price cuts, but the overall performance was still good. With the increase of policy guidelines for the automobile industry at the national level, further stabilizing and expanding automobile consumption, coupled with the contribution of the Spring Festival factor, the auto market grew strongly from January to April. Recently, passenger car exports have contributed a large amount, and the overall automobile market continues to strengthen, and the full year is expected to remain at a record high.
Oriental Selection rose more than 15%
On the morning of May 14, Oriental Selection continued to open higher, with the highest intraday share price reaching HK$18.96 per share, an increase of up to 15.89%.
On the news side, Dongfang Selection recently announced its work report in April, the second anniversary of the launch of Dongfang Selection's self-operated products, and the cumulative sales of self-operated products in Douyin stores exceeded 100 million orders, and Dongfang Selection also launched a total of 48 self-operated products in April this year. In addition, the Hunan special event held by Oriental Selection a few days ago had a cumulative sales volume of 110 million yuan in two days, and the number of orders exceeded 1.8 million.
In addition, BAIC Blue Valley recently held a media communication conference, and this year will focus on word-of-mouth marketing and digital marketing. Zhang Guofu, deputy general manager of BAIC Blue Valley, revealed that he has recently cooperated with Dong Yuhui's "Walking with Hui", and the current feedback is very good, and the in-depth cooperation between the two sides will be implemented in May. The leaders of many teams such as intelligence and chassis are already doing live broadcasts, and they are also continuing to pay attention to and learn the communication methods of senior executives of friends on social platforms.
Editor: Captain
Review: Muyu