The market continued to fall, the trading volume shrank to the low of this month, and the Hang Seng Index retreated to the 23500 line. There was no significant rebound in the main index, and the Hengke index broke the new low since this round of adjustment in the morning. This week, the stock index adjusted significantly. The Hang Seng Index fell by 5.7% for the whole week, the state-owned enterprise index fell by 6.6%, and the Hang Seng Index fell even more, with a total decline of 9.9%. As of the closing, the Hang Seng Index fell 1.08%, or 256.92 points, to 23550.08 points, with a full day turnover of HK $125.699 billion; The state-owned enterprise index fell 0.98% to 8210.29 points; The Hang Seng technology index fell 1.71% to 5291.70.
On the impact of Hang Seng index points: HSBC Holdings (00005) contributed 36.62 points and Alibaba SW (09988) contributed 21.09 points; In terms of decline, AIA (01299) pulled down 76.46 points, HKEx (00388) pulled down 42.51 points, Yaoming biological (02269) pulled down 19.40 points and China Merchants Bank Co.Ltd(600036) (03968) pulled down 16.66 points.
blue chip performance:
Heavy blue chips showed differentiation, led by automobile and medicine. In the Hang Seng technology index, cloud services and the concept of secondary listing led the decline, while Ruisheng Technology (02018) rose 0.9% against the market.
As of the close, HSBC Holdings (00005) rose 1.74% to HK $55.60; Alibaba SW (09988) rose 1.38% to HK $110.00. Hong Kong Stock Exchange (00388) fell 4.17% to HK $436.40; AIA (01299) fell 4.04% to HK $80.85; Yaoming biological (02269) fell 3.76% to HK $74.30; China Merchants Bank Co.Ltd(600036) (03968) fell 3.41% to HK $65.05.
Founder Securities Co.Ltd(601901) said that in the short term, the Fed’s interest rate hike will have a negative impact on Hong Kong stocks, but with the bottom of A-Shares and the bearish landing of the Fed’s interest rate hike, Hong Kong stocks are expected to rebound in February. However, in the follow-up, we still need to pay attention to whether the economic data can exceed expectations under the action of steady growth policy, whether the international situation has changed suddenly, and whether the Federal Reserve’s interest rate meeting in March will bring new impact.
On January 26 local time, the Federal Reserve announced the statement of the FOMC meeting in January, and fed chairman Powell was interviewed. China International Capital Corporation Limited(601995) the comments pointed out that the tone of the Fed’s interest rate meeting was “Eagle”, and the policy statement implied an interest rate increase in March, but the range and follow-up path of interest rate increase remain to be discussed. In view of Powell’s repeated emphasis on the strong US economy and excessive inflation, the Fed still has the possibility of tightening beyond expectations.
On January 28, JD group issued an internal letter announcing that it would invest more than 400 million yuan to increase welfare subsidies for front-line employees who stick to the Spring Festival. According to the internal letter, in the first half of last year, the average monthly salary and welfare expenditure of logistics front-line employees exceeded 11000 yuan. With the acceleration of the Rural Revitalization of Jingdong’s “going rich plan”, in October 2020, Jingdong proposed to drive the rural areas to achieve trillion output value within three years. By the end of 2021, it had achieved 320 billion, which is expected to achieve the goal ahead of schedule.
disk sectors and hot spots:
1. Higher education and vocational education stocks rebounded collectively, and the education sector became the main highlight of the disk. As of the close, hope Education (01765) rose 23.17% to HK $1.01; Gaoxin Education Group (02001) rose 15.45% to HK $2.54; China Kepei (01890) rose 15.38% to HK $2.55; Thinking Music Education (01769) rose 8.25% to HK $1.05; China Oriental Education (00667) rose 7.83% to HK $4.13.
Tianfeng Securities Co.Ltd(601162) said that the market over decomposed the risk of reading higher education policies, resulting in the irrational decline of higher education. On the premise of asset attributes and the development of high-quality vocational education, excluding the influence of sentiment, the sector has a valuation bottom, and the value of medium and long-term cash flow and dividend yield is significant. At present, it has a high sex price ratio.
2. At the same time, individual shares in property management, medical treatment, gambling, telecommunications, highways and other sectors rose slightly. As of the closing, rongchuang service (01516) rose 6.27% to HK $8.65; China Resources medical (01515) rose 3.59% to HK $4.33; Anhui Expressway Company Limited(600012) (00995) rose 4.57% to HK $6.64; CITIC International Telecom (01883) rose 2.91% to HK $2.83; Sands China Limited (01928) rose 1.41% to HK $21.60.
3. In terms of decline, electric vehicles, electric power, photovoltaic equipment and biotechnology stocks led the decline. As of the close, ideal car-w (02015) fell 3.10% to HK $92.25; Great Wall Motor Company Limited(601633) (02333) fell 2.84% to HK $20.50; Huaneng Power International Inc(600011) electric power (00902) fell 5.11% to HK $3.90; Flat Glass Group Co.Ltd(601865) glass (06865) fell 8.60% to HK $31. Xinyi Guangneng (00968) fell 4.46% to HK $12.42; Xintong medical-b (02160) fell 8.24% to HK $3.23; Kangfang bio-b (09926) fell 4.26% to HK $20.25.
UBS said today that Chinese carmakers are mostly in net cash status, and it is expected that the change of RMB interest rate will not have a great impact on corporate profits. However, if mainland auto companies are listed in the United States and Hong Kong, China, they use the US dollar as the investment currency unit. If the future interest rate change in the United States is potentially significant, it will have an impact on the internal valuation of mainland auto stocks listed in Hong Kong.
4. In addition, resource stocks, daily consumption, internal housing and finance also fell. As of the close, Aluminum Corporation Of China Limited(601600) (02600) fell 6.61% to HK $4.10; Yankuang energy (01171) fell 5.60% to HK $16.52; Bubble Mart (09992) fell 6.22% to HK $37.70; Dali food (03799) fell 7.17% to HK $4.14; Metro Development (01030) fell 3.37% to HK $5.16; Guolian Securities Co.Ltd(601456) (01456) fell 5.58% to HK $4.23.
other hot change stocks:
1. China Education Holdings (00839) stopped falling and rose sharply to close at HK $7.02, up 43.27%.
On January 26, China Education Holdings (00839) took the initiative to announce that it confirmed that the business operation of the group remained normal. On the same day, the announcement again disclosed that the controlling shareholder entered the site to increase its holdings of 1.4 million shares on the same day, and the total shareholding ratio rose to 62.84%.
2. Lianyirong technology-w (09959) rose sharply to close at HK $7.81, up 7.58%.
Last month, the supply chain asset service scale of lianyirong technology-w (09959) exceeded 40 billion yuan in a single month. The data also shows that as of September 2021, lianyirong has 560 core enterprise partners and 268 financial institution partners, serving more than 120000 small and medium-sized enterprises in total.
3. The results fluctuated sharply on the release day. Huahong semiconductor (01347) was heavily traded, closing at HK $36.15, down 5.37%.
At noon today, Huahong semiconductor (01347) released the results of the fourth quarter of last year. In that quarter, the sales revenue reached US $528 million, and the gross profit margin rose to 29.3%. The data is better than the company expected. At the same time, Huahong also provided performance guidelines for the first quarter of 2022.
4. The mother and son of the actual controller were investigated one after another. Huabao International (00336) fell sharply again to close at HK $4.37, down 11.54%.
Huabao International (00336) said that Lin Jiayu, executive director and co chairman of the company, is now under investigation on suspicion of violating the law. Lin Jiayu is the son of Zhu linyao, the actual controller of Huabao Flavours & Fragrances Co.Ltd(300741) . Previously, Zhu linyao had been filed for investigation by the local supervision organ in Hunan.
5. When the auditor resigned, Hesheng Chuangzhan group (00754) fell sharply, closing at HK $13.54, down 17.14%.
Hesheng Chuangzhan group (00754) announced that the company and PricewaterhouseCoopers could not reach a consensus on audit fees, and PricewaterhouseCoopers considered resigning as the company’s auditor with effect from today.
