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Updated2024/10/31 15:10
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<H Shrs>HSI Sheds 62 pts at Noon; TME Craters 17%, while WH GROUP Hikes 6%+
HSI waned 62 points or 0.4% to 17,111 at half-day. HSCEI descended 25 points or 0.4%, to 6,023. HSTECH dipped 27 points or 0.8% to 3,402. Half-day turnover in the market shrank to ...
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<H Shrs>HSI Sheds 62 pts at Noon; TME Craters 17%, while WH GROUP Hikes 6%+
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HSI waned 62 points or 0.4% to 17,111 at half-day. HSCEI descended 25 points or 0.4%, to 6,023. HSTECH dipped 27 points or 0.8% to 3,402. Half-day turnover in the market shrank to $35.642 billion.

TME-SW (01698.HK)  +0.050 (+0.113%)    Short selling $8.91K; Ratio 1.917%   ADR crashed 15% in the US last night, and its H-shares also cratered 17.1% in the morning session, amid concerns over weaker-than-expected music subscription revenue guidance for 2H24 and 2025. TENCENT (00700.HK)  -6.400 (-1.557%)    Short selling $151.93M; Ratio 1.632%   , which is due to announce results within the day, dropped 1.7% to $372.2.

For other tech stocks, BABA-SW (09988.HK)  -1.300 (-1.356%)    Short selling $321.53M; Ratio 7.135%   , XIAOMI-W (01810.HK)  +0.700 (+2.692%)    Short selling $825.04M; Ratio 15.448%   and BILIBILI-W (09626.HK)  +1.800 (+1.066%)    Short selling $21.63M; Ratio 5.010%   decremented 0.1% to 0.2%, MEITUAN-W (03690.HK)  -2.200 (-1.191%)    Short selling $264.29M; Ratio 7.716%   and KUAISHOU-W (01024.HK)  -0.300 (-0.649%)    Short selling $110.97M; Ratio 9.651%   descended 1.2% and 0.7%, while JD-SW (09618.HK)  -0.400 (-0.257%)    Short selling $140.67M; Ratio 10.772%   and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $69.01M; Ratio 16.863%   advanced 0.3% and 0.2%. NTES-S (09999.HK)  -1.800 (-1.433%)    Short selling $56.59M; Ratio 8.788%   and KINGSOFT CLOUD (03896.HK)  -0.060 (-3.822%)    Short selling $17.42M; Ratio 33.851%   faltered 3.7%. XD INC (02400.HK)  -0.050 (-0.239%)    Short selling $5.83M; Ratio 12.725%   and EAST BUY (01797.HK)  +0.440 (+3.064%)    Short selling $8.70M; Ratio 5.429%   plummeted 5.2% and 6.5%, as CHINA LIT (00772.HK)  -0.100 (-0.355%)    Short selling $5.65M; Ratio 11.931%   waned 3.4%.

WH GROUP (00288.HK)  -0.320 (-5.016%)    Short selling $16.53M; Ratio 8.413%   logged an 81% hike in 1H24 net profit before biological fair value adjustments, and its interim dividend doubled to HK10 cents. Its shares hiked 6.1% to $5.57. TINGYI (00322.HK)  -0.260 (-2.238%)    Short selling $16.72M; Ratio 17.653%   was upgraded to Buy by HSBC Global Research, and its shares elevated 2.2%. As for other consumer stocks, MENGNIU DAIRY (02319.HK)  +0.580 (+3.448%)    Short selling $190.78M; Ratio 29.001%   , CHINA FEIHE (06186.HK)  +0.020 (+0.342%)    Short selling $28.14M; Ratio 18.406%   , TOPSPORTS (06110.HK)  -0.040 (-1.527%)    Short selling $6.48M; Ratio 13.756%   , CTG DUTY-FREE (01880.HK)  -0.400 (-0.748%)    Short selling $2.26M; Ratio 2.969%   , SAMSONITE (01910.HK)  +0.060 (+0.330%)    Short selling $15.43M; Ratio 12.342%   and TOPSPORTS (06110.HK)  -0.040 (-1.527%)    Short selling $6.48M; Ratio 13.756%   were all down more than 2%.

In car stocks, shares of XPENG-W (09868.HK)  +1.000 (+2.265%)    Short selling $128.02M; Ratio 21.827%   rose 1.9% after it started mass production of its Mona model and the milestone of acquiring DiDi's assets has been reached. NIO-SW (09866.HK)  -0.950 (-2.230%)    Short selling $49.33M; Ratio 34.626%   rose 1.9%, but BYD COMPANY (01211.HK)  -13.600 (-4.610%)    Short selling $496.12M; Ratio 15.422%   and LI AUTO-W (02015.HK)  -1.200 (-1.105%)    Short selling $278.36M; Ratio 17.192%   lowered 0.7% and 1.3%.

CKI HOLDINGS (01038.HK)  +0.650 (+1.196%)    Short selling $33.21M; Ratio 22.373%   declined 1.4% after it led a $3.5 billion consortium to buy a portfolio of onshore wind assets in the UK. Participating investor CK ASSET (01113.HK)  0.000 (0.000%)    Short selling $9.96M; Ratio 8.166%   increased 0.8%, while another participant POWER ASSETS (00006.HK)  0.000 (0.000%)    Short selling $38.27M; Ratio 21.134%   incremented 0.1%. HKELECTRIC-SS (02638.HK)  -0.010 (-0.190%)    Short selling $1.54M; Ratio 24.101%   saw its interim net profit dropping 3.6% and kept its interim distribution per unit at 15.94 cents. Its stock fell 1.8%.

SINO BIOPHARM (01177.HK)  +0.020 (+0.570%)    Short selling $61.37M; Ratio 16.405%   recorded a 1.4x surge in half-year net profit, and its shares rose 2%. The rest of the pharma stocks generally retreated, with WUXI APPTEC (02359.HK)  0.000 (0.000%)    Short selling $19.03M; Ratio 9.398%   , PHARMARON (03759.HK)  -0.200 (-1.312%)    Short selling $14.34M; Ratio 9.300%   , WUXI BIO (02269.HK)  -0.020 (-0.122%)    Short selling $67.29M; Ratio 9.586%   , HANSOH PHARMA (03692.HK)  -0.160 (-0.874%)    Short selling $37.89M; Ratio 11.250%   , and GENSCRIPT BIO (01548.HK)  +0.040 (+0.337%)    Short selling $22.62M; Ratio 23.785%   shedding 3.6% to 4.1%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-31 16:25.)

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