Express News | The Ministry of Commerce: There has been some progress in exchanging views on the price commitment plan for the EU's anti-subsidy case against Chinese electric vehicles.
Express News | Xiaomi SU7 Ultra appearance time announced, Lei Jun: The fastest on the planet!
Tracker fund of hong kong net outflow of 6.418 billion Hong Kong dollars
Northbound net inflows into SMIC (00981.HK), alibaba (09988.HK), and Sunac (01918.HK) reached 1.61 billion Hong Kong dollars, 0.258 billion Hong Kong dollars, and 0.198 billion Hong Kong dollars respectively. Northbound net outflows from Tracker Fund of Hong Kong (02800.HK), Tencent (00700.HK), and Xiaomi Group (01810.HK) reached 6.418 billion Hong Kong dollars, 0.559 billion Hong Kong dollars, and 0.161 billion Hong Kong dollars respectively. The highest net funding inflow stock of the Hong Kong Stock Connect (Shanghai) is SMIC (00981.HK) at 0.899 billion Hong Kong dollars, while the highest net funding inflow
Major rating | Bank of America: Raises Xiaomi's target price to HK$32, raises third-quarter sales forecast by 4% to 91 billion yuan
November 7th, Guolonghui | Bank of America Securities research report pointed out that it raised Xiaomi's third-quarter sales forecast by 4% to 91 billion yuan to reflect better smart phone delivery volumes and steady sales of electric vehicles. It also raised the actual operating profit forecast by 3% to 5.3 billion yuan, mainly due to better economies of scale and the upward trend in gross profit due to the decline in accessory prices. The bank pointed out that the company's fourth-quarter smart phone sales would further increase due to year-end promotions and the launch of new models, with positive trends expected for next year and 2026, mainly benefiting from stronger demand in emerging markets and Xiaomi's successful entry into the high-end market. At the same time, the company's electric vehicles also recorded strong demand.
A glimpse ahead: The Chinese concept stock financial report season has begun! Tencent and Alibaba are the first to release their reports. Who is expected to sound the horn of a new round of "counterattack"?
Starting next week, a new round of financial reporting season for Chinese network technology stocks will officially begin. Star companies such as Tencent, alibaba, and Meituan will release their financial reports one after another. The capital markets once again focus on Chinese concept stocks, can this financial reporting season bring surprises to the market?
Hong Kong stock market retreats from its high levels, with the Hang Seng Index and the H-share Index both falling by over 1%; the real estate and brokerage sectors decline, Sunac drops more than 9%, Citic Securities falls by nearly 6%.
Network technology stocks decline, NetEase-S drops by 5.61%, Meituan-W drops by 4.05%; Securities and brokerage stocks weaken, CSC drops by 5.45%, China International Capital Corporation drops by 4.34%; Coal industrial concept stocks weaken, China Coal Energy drops by 4.22%, Kinetic Dev drops by 3.18%.