Affected by the overnight US stock adjustment, the Hang Seng Index closed down slightly, led by pork and automobile sectors, both of which fell by more than 3%. However, it is gratifying that CXO and property management sectors continued to rebound, of which ya life service and Hangzhou Tigermed Consulting Co.Ltd(300347) increased by more than 6%.
For today’s market from up to down in the afternoon, some analysts said that the recent fed interest rate hike is expected to tighten the market capital risk appetite, and liquidity will become the focus of the market. At the same time, given that the valuation of Hong Kong stocks is in the bottom area and less affected by the fed than other markets, Hong Kong stocks still maintain a volatile pattern in the short term.
Although there is uncertainty in the market due to the impact of the Fed’s interest rate increase, the recent continuous repurchase of Hong Kong stock listed companies has played a supporting role in the rise of Hong Kong stocks. China Industrial Securities Co.Ltd(601377) pointed out that the repurchase tide may be a leading signal of future stock price rise. Since 2008, Hong Kong stocks have experienced five rounds of corporate buybacks, all of which occurred in a bear market. The price of Hang Seng Index shows a negative correlation with the number of corporate buybacks. Large scale corporate buybacks often herald a phased bottom, and follow-up are accompanied by a wave of rising market.
Note: Hang Seng Index
As of the close, the Hang Seng Index fell 0.03% to close at 23739.06; Hang Seng technology index fell 0.1% to close at 5619.67; The SOE index rose 0.04% to close at 8369.01; The red chip index rose 0.06% to close at 4076.67.
In terms of concepts and sectors, the concept of pharmaceutical outsourcing and the steel and metal sector led the rise, up 5.58% and 3.59% respectively; The pork concept and automobile sectors suffered market declines, with declines of 4.04% and 3% respectively.
Today, pharmaceutical outsourcing concept stocks rose for four consecutive days, and Yaoming Department rose sharply. Among them, Yaoming Biology (02269. HK) and Wuxi Apptec Co.Ltd(603259) (02359. HK) rose significantly, up 6.08% and 5.99% respectively.
The rise in Yao Ming may be related to the news from the 40th annual health care conference of JPMorgan Chase being held today. Hu Zhengguo, vice chairman and global chief investment officer, said at the meeting that the company’s turnover and profit growth this year will further improve compared with 2021. This year, it will continue to actively improve the capacity of global business departments to meet strong customer demand.
Zheshang Securities Co.Ltd(601878) once pointed out that the revenue of Wuxi Apptec Co.Ltd(603259) is expected to continue high growth from 2022 to 2025, and the acceleration of commercialization projects will accelerate the year-on-year growth of revenue. It is expected that the year-on-year growth of small molecule cdmo revenue of Wuxi Apptec Co.Ltd(603259) will gradually accelerate from 24% in 2018 to 41% in 2020.
In addition, the pork sector, which rose sharply in the early stage, made a correction. As of the closing, only one stock in this sector rose, among which COFCO jiajiakang (01610. HK) and Wison International (01340. HK) led the decline, down 6.85% and 5.68% respectively.
According to the trend of pig price of China pig breeding network, the average price is 7.255 yuan / kg, which is 0.195 yuan / kg lower than yesterday; Pig prices fell 15.25% month on month and 59.46% year-on-year. At the same time, the market is not optimistic about the pig price in 2022. With the increase of live pigs, the pork price may tend to lower.
southbound fund
Southbound funds maintained a net inflow of 1.778 billion today, with a cumulative inflow of HK $12.298 billion in the past five trading days.
news and changes of individual stocks in Hong Kong market
[HKEx: the average daily turnover in 2021 was HK $166.7 billion, a year-on-year increase of 29%]
The Hong Kong Stock Exchange (00388. HK) fell 1.22% to close at HK $452.6. According to the latest data of HKEx, the average daily turnover in 2021 was HK $166.7 billion, up 29% from HK $129.5 billion in 2020; The total fund-raising amount in 2021 was 770.7 billion yuan, an increase of 3% over 747 billion yuan in 2020.
[property management sector Sanlian yangya life service and Aoyuan health increased by more than 5%]
The property management sector rose again on Tuesday, up 1.21% as of the close, with ya life service (03662. HK) and Aoyuan health (03316. HK) leading the gains, up 6.59% and 5.26% respectively. Citic Securities Company Limited(600030) development research reported that the property management sector experienced a substantial adjustment in six months, and the adjustment has been adequate. Some companies already have significant investment value.
[Yiwei group fell by 80% and major shareholders significantly reduced their holdings of 45.32 million shares]
Yiwei group (03893. HK) fell 83.62% to HK $0.38. According to relevant data, the original actual controllers of the company have reduced their holdings for many times in the last half of the year, and the shareholding ratio has greatly decreased from 62.5% to 13.94%. It is reported that Yiwei group is mainly engaged in selling metal, glass and wood products, furniture and curtain wall manufacturing in Hong Kong and the mainland, as well as providing interior design, project consulting, maintenance and interior solution services.
[China youzan fell 16.84% and the company placed about 800 million shares, with a cumulative income of HK $310 million]
China youzan (08083. HK) fell 16.84% to HK $0.395. Through the placing agent, the company placed up to 810 million shares at HK $0.385 per share, with a net proceeds of HK $309 million. The company plans to use the net proceeds for system upgrading, product development and marketing expenses; Additional funds for potential strategic investments and acquisitions; And used as the general working capital of the group.
[ Great Wall Motor Company Limited(601633) acquisition of Indian factory extension company shares fell 4.15%]
Great Wall Motor Company Limited(601633) (02333. HK) fell 4.15% to HK $24.24. According to relevant reports, according to local news in India, Great Wall Motor Company Limited(601633) reached an agreement with GM on the acquisition of talegaon on January 10, extending the acquisition period to March this year, up to June this year. The reason is that GM has not reached an agreement on labor disputes with the workers of the Tarigan plant in India, so the acquisition project has not been approved by the local regulatory authorities.
(source: financial Associated Press)
