Another day when technology stocks were hit without warning.
Hong Kong stocks maintained a weak shock momentum after the low opening in the morning. However, affected by the market news in the afternoon, technology stocks suddenly plunged, Tencent (0700. HK) fell by more than 5%, and the topic of “Tencent will be hammered” also rushed to the hot search.
Dragged down by technology stocks, the Hang Seng index once fell below 24000 points, rebounded in the late trading, and finally closed at 24170 points, down 0.65%. The Hang Seng state-owned enterprise index also fell 0.96% at the same time. The Hang Seng technology index closed down 2.78%, only about 100 points from the historical low. The number of stocks falling all over the world reached 1180, and only 643 stocks closed up.
rumors triggered an avalanche of technology stocks
On the 21st, a crazy news on a snowball triggered a sharp drop in Tencent’s share price. At 1:49 p.m., the snowball user nicknamed “Crazy Panda 233” released a message saying, “Tencent’s colleagues confirmed that they were hammered again, and it was a heavy hammer, enough to subvert Tencent’s sledgehammer. It is estimated that the news will be out soon.”
The news triggered a panic flight of funds, and Tencent’s share price began to fall in the afternoon, closing at HK $445.4, down 5.23%. Through the Shanghai Shenzhen Hong Kong stock connect, mainland investors net sold Tencent shares of more than HK $3 billion.
Subsequently, Zhang Jun, general manager of Tencent’s public relations department, clarified that the news was a rumor through a circle of friends. At present, the snowball users who released the news have cleared the news and actively cancelled their accounts.
China Merchants Securities Co.Ltd(600999) recently released a research report that Tencent maintained its “strongly recommended – a” rating. It is expected that the short-term growth of advertising business will continue to be under pressure in the fourth quarter of 2021 due to changes in the macro consumption environment and industrial regulatory policies. However, at the same time, the company actively arranged the innovative business related to “Quanzhen Internet”, and its long-term competitive advantage is still stable.
Another market rumor has dragged down more technology stocks – some media quoted the person in charge of game companies as saying that it is the biggest bad news for the mainland not to issue edition numbers this year, and the industry has known this news long before the Spring Festival. There were rumors in the market last week that the approval of domestic game version numbers suspended since July last year may have significant changes, including the implementation of new regulations on game version numbers, which makes it difficult for some games to pass the audit. Today’s market news further exacerbated the panic mentality of investors, many game stocks fell, and the concept of short video was also affected.
On the 21 day, the 2013.HK and 9626.HK declined the most, dropping nearly 10%, Kwai (1024.HK) fell 7.29%, and Tencent and Jingdong health (6618.HK) also fell by more than 5%.
After the closing, relevant persons from relevant departments of the State Press and publication administration responded that they are still receiving the version number of the game company normally, and there is no clear response to the application. They can pay attention to the announcement information on the official website.
In addition, on the news side, the development of meta universe business is also facing more stringent requirements. China Mobile communications union yuan universe Industry Council official website issued the “Yuan universe industry self-regulation Convention (to be passed by the plenary session”), and proposed that the yuan universe business should be based on the service of the real economy, and resolutely resist the use of the concept of the yuan universe hot spot for capital speculation, so as to avoid the formation of a market bubble. In addition, the Convention also proposes to strengthen the subject responsibility and stay away from the illegal mode. Resist illegal financial activities such as fabricating false yuan universe investment projects and issuing yuan universe virtual coins, stay away from new scams under the banner of Yuan universe games, be alert to the risk of speculation on new targets such as virtual real estate, and avoid the dissemination of bad information in Yuan universe projects.
Open source securities recently released a research report saying that the open world is an important game form in the future, which can effectively improve the bearing scale of game users, prolong the game life cycle and improve the income of game life cycle. Under the neutral assumption, the scale of the open world game market may reach 44.8 billion yuan in 2025, with large growth space. Head game R & D companies with advantages in platform, capital, technology and talent reserve may benefit more from the rapid growth of the open world game market, including Tencent Holdings (0700. HK) and Netease (9999. HK).
outbreak of logistics sector
Today, despite the overall weakness of Hong Kong stocks, the logistics sector broke out under the stimulation of favorable policies.
Last Friday, the all China Federation of supply and marketing cooperatives released the special plan for the development of public Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics of national supply and marketing cooperatives during the 14th five year plan, which made it clear that during the 14th Five Year Plan period, the national supply and marketing cooperative system will build 600 County origin Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics centers, 100 Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics hub bases and 200 urban land sales Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics centers.
During the period of “XIV. Building the national backbone logistics network of cooperatives” and “building the regional supply and marketing network of cooperatives Shenzhen Agricultural Products Group Co.Ltd(000061) “. By 2025, the whole system cold chain logistics infrastructure will be improved, the service capacity will be significantly enhanced, and the industry influence will be significantly improved, playing an active role in the development of national cold chain logistics.
Driven by the news, the Hong Kong stock procurement and supply chain management sector as a whole last week was 8.37%, of which JD logistics (2618. HK) increased the most. It rose sharply at the opening and closed at HK $26.7, up 8.54%.
As early as last October, JD logistics established a strategic cooperation relationship with China Agricultural batch, a wholly-owned enterprise under the all China supply and Marketing Cooperation Corporation. China Agricultural batch is also a leading enterprise in the field of comprehensive Shenzhen Agricultural Products Group Co.Ltd(000061) circulation. The first step of the strategic cooperation between the two has been sold – the cold chain special line (Tianjin Xinxiang Yuxuan) project has been officially implemented. According to the data of JD logistics interim report, as of June 30 last year, the company operated more than 100 temperature controlled cold chain warehouses for fresh, frozen and refrigerated food, with an operating area of more than 600000 square meters.
the concept of “counting from the east to the west” rose at the end
The concept of “counting East and counting West” in the blowout of A-share market also led to the rise of relevant stocks in Hong Kong stocks.
Recently, Zte Corporation(000063) (0763. HK) said on the investor interaction platform that the company actively participates in the construction of ICT infrastructure in China. On the 21st, Zte Corporation(000063) fluctuated upward throughout the day, with an increase of more than 4% at the end of the day to close at HK $20.8, up 4.21%.
“Counting from the east to the west”, “counting” refers to data, and “counting” refers to computing power, that is, by building a new computing power network system integrating data center, cloud computing and big data, we can orderly guide the computing power needs of the east to the west, optimize the construction layout of data center, optimize resource allocation and improve the efficiency of resource use.
According to the research report released by Anxin securities, the overall layout design of the national integrated big data center system has been completed, and the “counting from the east to the west” project has been officially launched. The promulgation of relevant policies on computing power has created a good policy environment for the construction of computing power infrastructure in China. It is suggested to pay attention to the leading industry segments such as IDC operators, ICT equipment, optical modules and optical devices, data center ups and temperature control equipment.
capital inflow index upstart
In addition to the benefits brought by the policy, the adjustment of constituent stocks of Hang Seng index last week also brought incremental funds to the newly included stocks.
Shangtang (0020. HK), which was included in the Hang Seng Composite Index and Hang Seng technology index, rose sharply against the market opening. It rose by more than 11% in the morning and finally closed at HK $6.61, up 6.79%.
Lenovo Group (0992. HK), which returned to the Hang Seng Index, rose 10% in the opening and ended up 5.39% at HK $9.
The performance of “shuimao” nongnongshanquan (9633. HK) was relatively weak. The opening share price was under pressure, once falling by 5%, but soon the share price rebounded, rising slightly by 0.52% to close at HK $48.15.
