Daily Bulls and Bears | Hong Kong stocks net inflow of 28 million Hong Kong dollars in light positions, with a bull-bear street ratio of 63:37; Galaxy Ent fell more than 5% yesterday, while put warrants rose over 5 times.
As of the close of yesterday, the market turnover was 208.369 billion Hong Kong dollars, with a total turnover of 19.177 billion Hong Kong dollars for all warrants. This accounts for 9.2% of the market turnover, with 5.1% held in the 'good depot' category and 4.1% in the 'weak depot' category.
Hong Kong stocks: Hang Seng Index fell 31 points, mainland real estate stocks surged while consumer stocks softened.
After falling more than 700 points yesterday (the 13th), the Hang Seng Index fluctuated soft today (the 16th), opening low with a 174-point decline before reversing gains, rising to 229 points at 20,548 points, then falling back again before the market close, ending the day with a 31-point or 0.2% decline at 20,286 points; the H shares Index fell by 9 points or 0.1%, closing at 7,267 points; the Hang Seng Tech Index dropped by 48 points or 1.1%, closing at 4,402 points. The total turnover of the market shrank to 208.369 billion yuan for the day. The Ministry of Housing and Urban-Rural Development, together with the People's Bank of China, will hold a press conference tomorrow (the 17th) to promote the development of the real estate market. Mainland real estate stocks surged, with Country Garden (01918.HK) and Sunac China Holding Ltd.
Hong Kong Stock Market | Cement stocks lead the gains, Huadong Cement significantly raises prices, industry cooperation in the off-season price increase is expected to support profits in the second half of the year.
Cement stocks lead the gains, as of the publication deadline, cnbm (03323) rose by 8.62% to HK$3.15; bbmg corporation (02009) rose by 6.85% to HK$0.78; conch cement (00914) rose by 4.47% to HK$22.2; huaxin cement (06655) rose by 4.03% to HK$7.74.
China National Building Material Expects to Swing to Loss in January-September; Shares Up 8%
HK Stock Market News: cnbm (03323) rose more than 8%, ubs group expects its third-quarter profit improvement to be better than market expectations on a quarter-on-quarter basis.
Cnbm (03323) rose more than 8%, as of the deadline for submission, up 8.28%, trading at 3.14 Hong Kong dollars, with a transaction value of 0.249 billion Hong Kong dollars.
Citi raises UBS Group's ubs group on China National Building Material (03323.HK) target price to 3.2 yuan. Third-quarter profit improved quarter by quarter.
cnbm (03323.HK) issued a profit warning, expecting a loss of about 0.7 billion yuan in the first three quarters due to the decrease in commodity prices. UBS Group published a research report stating that based on this estimate, the company's loss in the first half of the year was 2.018 billion yuan, turning to a profit of 1.318 billion yuan in the third quarter. Based on communication with investors, the bank believes that cnbm's third-quarter profit improvement will be better than market expectations. Due to the profit warning, UBS Group adjusted its earnings forecast for cnbm, with the earnings per share forecast for each year from 2021 to 2026 revised to 14 cents, 28 cents, and 39 cents, extending the valuation basis to 2025 with a forecast market-to-book ratio of 0.2.