Spark Global Limited reports:
On July 22, Hong Kong’s Hang Seng Index opened up 0.88%. The Hang Seng Technology Index rose 1.22%.
After the opening, Hang Seng Technology Index gains extended to 2%, Kuaishou, Meituan up more than 5%.
Oil stocks surged, with PetroChina shares up more than 4%.
Some semiconductor stocks in Hong Kong were higher, with Huahong Semiconductor up more than 5% and SMIC and ASM Pacific up more than 2%.
Shipping stocks were stronger, with OOCL up 9.4%, CCOSC up 5.1%, Haifeng International up 3.4% and CCOSC up 2.6%.
Online education plate continued yesterday’s strong trend, thinking music rose 17%, New Oriental online up more than 10%, New Oriental up more than 6%, net dragon, excellent education with the rise. Cryptocurrency market picked up, Hong Kong stock block chain plate rose, Oke cloud chain, Huobi technology up 5.5%, Bai Neng Group up 3.5%, Meitu up 2%. Evergrande is a short – term pull up, Evergrande car continued to pull up, now the increase expanded to 30%. Faraday Future (FF), which will begin trading on Nasdaq this evening, has a 20% stake in Evergrande Automotive. China Evergrande rose more than 9 per cent and Evergrande Property rose 3 per cent. Earlier, Evergrande Group issued a statement that the recent pre-litigation preservation has reached a settlement with Guangfa Bank.
Micro union group rose more than 10%, to buy back not more than 10% of the shares. Lianyirong Technology shares rose more than 8 percent after the company issued a statement denying allegations of short selling agencies.
Hong Kong shares of Xiaopeng Automobile extended gains to more than 6%, the stock hit a new high since its listing, the stock has rallied more than 18% in the past 5 days. Overnight in the concept of new energy vehicles rose, last night the United States stock Xiaopeng automobile rose more than 7%.
Yip Chemical Group in the morning opened more than 8% higher than expected interim net profit growth of more than 390% to 440%.
Ganfeng Lithium rose more than 5% in early trading, continuing to set a new record high.
Shanghai’s Fudan shares plunged 20 percent to HK $24.40 after the company priced its A-shares at HK $6.23.
Autohome fell nearly 7% to HK $102, its lowest since listing.
NEW YORK (AP) — Stocks continued their rebound Wednesday after strong overnight earnings fueled optimism about corporate solidity. At the close, the Dow was up 286.01 points, or 0.83%, at 34,798. The S&P 500 rose 35.63 points, or 0.82 percent, to 4,358.69. The Nasdaq Composite Index rose 133.08 points, or 0.92 percent, to 14,631.95. In general new energy vehicles rose, the ideal car up more than 8%, Xiaopeng car up more than 7%. Hong Kong’s ADR index was up 188.44 points, or 0.69 percent, in pro rata terms at 27,412.
International oil prices rose more than 4 percent, with U.S. crude back at $70, and EIA Cushing oil stocks last week fell to their lowest level in 18 months. In addition to the rise in risk appetite, analysts say there will be almost no oil left at the Cushing delivery point if extraction continues at the current rate, and the market’s renewed awareness that the oil market remains very tight will help underpin the price rebound in the short term. Oil prices rose for a second straight day, recouping most of the losses since Monday. Related to Hong Kong stocks including “three barrels of oil” and the upper and lower industry chain.
China Evergrande: For a long time, Guangdong Development Bank and Evergrande Group have maintained a good business relationship. As for the recent civil adjudication of property preservation before litigation, the two sides have properly resolved it through full communication. The two sides will continue to consolidate and deepen business cooperation and continue to strengthen cooperation to achieve mutual benefit and common development.
On July 22, Faraday Future (FF) will begin trading on Nasdaq. Evergrande Automotive owns 20% of FF.
Research CITIC Securities pointed out that the downstream demand growth, lithium carbonate prices rise again. It is expected that the current upward cycle of lithium prices will continue for at least one more year, and the price height can be seen as RMB120,000-150,000 / ton. The high certainty and long-term growth of the lithium sector is expected to attract continued inflows of funds. The bank continues to be optimistic about the allocation value of the lithium sector and focuses on recommending Ganfeng Lithium (01772.HK) and Shengxin Lithium Neng.
In IPO news, iMec plans to go public in Hong Kong this year, raising $2 billion to $3 billion. The company has chosen CICC and JPMorgan Chase to arrange the listing and plans to file an application with the Hong Kong stock exchange this month or next.
The price of carbon emission quota (CEA) listing agreement on the national carbon market has risen for 3 consecutive days since the “carbon emission right” trading officially opened last Friday. According to data from the Shanghai Environment and Energy Exchange, CEA opened at 54.2 yuan/ton, reached a high of 55.5 yuan/ton and a low of 54.07 yuan/ton, with trading volume of 112,000 tons. With the deepening of carbon trading, the demand for photovoltaic will continue to increase, and the energy storage is an inseparable link. We will continue to pay attention to Xinte Energy (01799), Kamdanko (00712), Sunlight Energy (00757), and GCL New Energy (00451).
Issued by the Shanghai “Shanghai” difference “strategic new industry and leading industry development plan, by 2025, the added value of strategic emerging industries accounted for more than the proportion of GDP reached 20%, the added value of more than 1 trillion yuan, the economic development of the main engine is more outstanding, has the global influence of integrated circuits, biological medicine, Shanghai highland basic form of artificial intelligence. This theme belongs to the deepening of the theme of Pudong Development Zone last time. The main varieties are Shanghai Fudan (01385) with chips, and Fosun Pharmaceutical (02196) with biological medicine. References to the last trend are high fall, so pay attention to a good rhythm.
Sinopec (00386) successfully completed the first bulk agreement transaction in the national carbon market, buying 100,000 tons of carbon quota in the national carbon market from China Resources Group. According to transaction data disclosed by the Shanghai Environment and Energy Exchange, the deal was the first block deal since the official launch of the national carbon market, and the only block deal deal all day.
According to “High-tech Lithium Power” news, recently some lithium salt manufacturers in the industrial chain have increased the prices of industrial-grade lithium carbonate and battery-grade lithium carbonate, and the current price of battery-grade lithium carbonate has stabilized at more than 90,000 / ton. Downstream enterprises from resistance to price rise to gradually accept, which marks the lithium prices start a new round of rise. The underlying logic behind the price rise of lithium carbonate lies in the shortage of upstream lithium resources. Considering the significant downstream production cycle, the release of new capacity of 300,000 tons of lithium iron phosphate and 200,000 tons of ternary cathode, which brings the demand for lithium salt stock in advance, it is expected that the supply and demand of lithium salt will become tighter month by month in the second half of the year, and the lithium price may further increase. Related Hong Kong stocks include Ganfeng Lithium (01772).
This year’s IGBT power semiconductor price increase comes from: the new energy vehicle and photovoltaic market for IGBT rapidly growing demand. The market expects that after 2022 to 2023, the epidemic has eased the factory to resume work, and the delivery time of Infineon may ease. However, for IGBT modules, the automotive and photovoltaic markets are growing fast and the shortage is likely to continue. Until Infineon 12 inches, and several domestic 12 inches (Shilanwei, Huahong, Jeta, China Resources Micro, etc.) production lines are launched, it is possible to ease. According to the market research institute, from 2019 to 2021, CRRC Times Electric (03898) will carry out chip revision, as well as close cooperation with Tier-1 customers. Currently, Huichuan, Xiaopeng and Ideal have carried out quality verification on CRRC for two years. This year, the company’s IGBT will have the opportunity to use passenger cars in large quantities. CRRC Times Electric (03898) the current product quality to meet the requirements of car regulations, Bestat, BYD are good; CRRC’s FAB plant and sealing plant also reached the car regulation level, this year in the car after the volume to see his failure rate. If this year’s numbers are ideal, CRRC has the opportunity to take a bigger share.
Russia has announced it will impose a tax of at least 15 per cent on exports of steel, nickel, aluminium and copper from August 1, at varying rates, in an effort to curb soaring commodity prices and boost state Treasury assets. The Russian government says the tax, which lasts until the end of the year, will be temporary, after which it will seek more sustainable measures. Rusal (00486) said recently that the Russian government may restrict the export of aluminum after the imposition of export taxes next month. The company exports about 3m tonnes of aluminium a year, and this year could see exports cut by hundreds of thousands of tonnes because the tax will make some exports unprofitable. The tax could mean Rusal is considering halting some unprofitable production, while construction on the new Taishet project could start more slowly than previously expected. Related Hong Kong stocks also include Aluminum Corporation of China (02600), China Hongqiao (01378).
New energy has become the biggest outlet of public fund layout. Just disclosed 2021 fund second quarter report shows that as of the second quarter, in the public offering fund top 50 stocks, new energy concept stocks as high as 11. Among them, Ningde Times was promoted to the second largest position of public funds, holding a market value of up to 123.7 billion yuan, just one step away from Kweichow Moutai.
China Photovoltaic Industry Association: China’s industry has basically satisfied the global supply chain, and the distribution rates of polysilicon, silicon wafer and battery wafer components produced in mainland China are 76%, 96%, 83% and 70% respectively in the world.
Reprint indicated source：Spark Global Limited information