Hong Kong Stocks Lunch Commentary | Hong Kong stocks opened lower and moved higher, education and auto stocks were dazzling, and New Oriental Online soared 37%

Futu Information, June 10 | The three major indexes of Hong Kong stocks have diverged. The Hang Seng Index fell 0.18% at noon, the HSCEI rose 0.16%, and the Hang Seng Index rose 0.89%.

As of the noon close, Hong Kong stocks rose 642 stocks, fell 923 stocks, and closed flat at 1305 stocks.

The specific industry performance is as follows:

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In terms of sectors, the trend of large technology stocks is divided, Ali rose nearly 2%, Bilibili fell more than 7%, Baidu fell more than 2%, and Tencent rose 0.05%.

Auto stocks strengthened. Ideal Motors rose more than 3%, Great Wall Motors rose more than 5%, and Wuling Motors rose more than 8%.

Shipping stocks continued to fall, with Pacific Shipping down more than 4%, COSCO SHIPPING Holdings down more than 3%, and Orient Overseas International fell more than 3%.

Education stocks rose mixed, New Oriental Online rose more than 37%, China Education Holdings rose more than 2%, and Hope Education fell more than 3%.

Retail stocks strengthened, Chow Tai Fook rose more than 4%, and Excellent Holdings rose more than 3%.

Insurance stocks were among the top losers, with AIA down more than 2 percent and Ping An of China down 0.72 percent.

In terms of individual stocks, New Oriental Online (01797.HK) rose by more than 37%, and has risen by nearly 30% in the month . After the selection of Oriental, Yu Minhong led the team to set up the “New Oriental Live Room”, which specializes in promoting education and related products, including books, intelligent software and hardware learning equipment, cultural and educational supplies, etc.

$ Chow Tai Fook (01929.HK) $ rose more than 4%. Chow Tai Fook announced the 22Q1 results announcement. As of the end of March this year, the annual profit was 6.712 billion Hong Kong dollars, an increase of 11.38% year-on-year. The company’s turnover increased by 41% year-on-year to 98.938 billion Hong Kong dollars. This is due to strong demand for gold jewelry and products, and the company’s sales in China Driven by the expansion of the retail network in the Mainland.

$Wuling Motors (00305.HK)$ rose more than 8%. On June 9, SAIC-GM-Wuling and DJI officially announced that the first global strategic cooperation between the two parties has officially landed, and the world’s first mass-produced new energy model equipped with DJI’s in-vehicle system will be launched soon.

$NIIO-SW(09866.HK)$’s decline narrowed to 0.81%. Today, it opened lower and moved higher, and once fell more than 7% during the session.

$bilibili-SW(09626.HK)$ fell more than 7%. According to the agency, Bilibili’s loss continued to expand in the first quarter, and its performance was lower than market expectations. The growth rate of advertising slowed down significantly due to macro interference, and the net loss rate expanded to 33%.

AIA (01299.HK) fell more than 2%. The company announced that it will repurchase 1.98 million shares on June 9, 2022, at a repurchase price of HK$81.55 to HK$82.50 per share, involving a capital of 163 million yuan.

Half-day turnover TOP20

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