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Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
Large bank rating | Citibank: q tech's FPM shipment volume exceeds expectations and will continue to grow.
Citigroup released a report indicating that due to q tech (1478.HK) benefiting from the strong performance of flagship models from vivo, Honor, and Huawei in October, demand in November is stronger than expected, allowing for some elasticity in the shipments of the 32MP+ models in November. It is anticipated that shipments of mobile camera modules (CCM) in December will be driven by the continued launch of flagship models, although this is partially offset by year-end inventory adjustments from its clients. At the same time, it is believed that a better product mix and higher average selling prices will drive growth in shipments of ultrasonic fingerprint modules (FPM). The rating is maintained as "Neutral" with a target price of 4.6 HKD.
Citi: Maintains q tech (01478) "Neutral" rating with a target price of 4.6 Hong Kong dollars.
Citi expects that q tech's smartphone camera module (CCM) shipments in December will be driven by the continuous release of flagship models.
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, LONGFOR GROUP achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; CSPC PHARMA's application for the marketing of SYHX2011 for the treatment of advanced breast cancer has been accepted.
Hong Kong stock announcement to explore opportunities | Mao Geping has a limit price, the Hong Kong public offering has been subscribed 919.18 times.
In November, q tech (01478) sold approximately 40.306 million mobile camera modules, an increase of 5.4% compared to the previous month.