Today is the settlement day for index futures and is the peak of the results announcement period, and the Hong Kong market lowered repeatedly in the morning. HSI slumped 105 points, or 0.6%, to 16,512 for the half-day. HSCEI declined 52 points or 0.9% to 5,773. HSTECH descended 57 points, or 1.7%, to 3,413. Half-day turnover totalled $60.663 billion.

As for tech stocks, BABA-SW (09988.HK)  -0.350 (-0.408%)    Short selling $326.15M; Ratio 7.174%   sells all of its Bilibili ADS (BILI.US)      holdings, BILIBILI-W (09626.HK)  -1.000 (-0.775%)    Short selling $160.47M; Ratio 15.910%   dropped 2.9%. BABA withdrew Cainiao's listing application, and its shares retreated 2.2%. TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.12B; Ratio 12.629%   agreed to develop apps for Apple's (AAPL.US)      VisionPro, and TENCENT elevated 2.2% to $306. GDS-SW (09698.HK)  +0.350 (+3.902%)    Short selling $5.10M; Ratio 14.337%   crashed 26.2% after last year's loss widened to RMB4.29 billion. SENSETIME-W (00020.HK)  +0.170 (+12.143%)    Short selling $100.27M; Ratio 3.062%   plummeted 7.7% after its loss last year widened to RMB6.44 billion.

Related NewsBOCI Raises Baidu (BIDU.US) TP to US$169.87; AI Propels Continued Growth
BYD ELECTRONIC (00285.HK)  +0.550 (+1.627%)    Short selling $44.15M; Ratio 9.204%   annual net profit hiked 1.18x, and its shares mounted 3%. SUNNY OPTICAL (02382.HK)  +0.150 (+0.341%)    Short selling $36.78M; Ratio 7.604%   shares decreased 4.5% after several brokers expressed dissatisfaction about its performance guidance. BYD COMPANY (01211.HK)  +4.400 (+1.977%)    Short selling $245.32M; Ratio 21.639%   net profit grew 81%, but its shares dipped 3.9%.

PICC GROUP (01339.HK)  +0.010 (+0.341%)    Short selling $15.14M; Ratio 11.833%   full-year net profit declined 12%, while PICC P&C (02328.HK)  +0.080 (+0.758%)    Short selling $59.15M; Ratio 14.527%   full-year net profit decreased 16%, but raised its final dividend. They lifted 1.6% and 2.9% respectively. ZA ONLINE (06060.HK)  +0.120 (+0.770%)    Short selling $24.96M; Ratio 18.092%   turned a loss into a profit of RMB4.078 billion last year, and its share price spiked 8.3%.

A number of blue chips announced their results, MENGNIU DAIRY (02319.HK)  +0.320 (+1.905%)    Short selling $84.02M; Ratio 17.448%   full-year net profit waned 9%, and its shares crumpled 7.7%. NONGFU SPRING (09633.HK)  +0.250 (+0.539%)    Short selling $23.48M; Ratio 19.073%   full-year net profit mounted 42%, and its shares fell 0.7% for the half-day. WH GROUP (00288.HK)  -0.010 (-0.178%)    Short selling $7.91M; Ratio 10.649%   net profit before biological fair value adjustment plummeted 57% last year, but its share price inclined 2.3% at midday.

Related NewsM Stanley: CN Banks Supported by Home Inventory Digestion, Supports to NIM & Rational Balance Sheet Growth
HANSOH PHARMA (03692.HK)  +0.140 (+0.768%)    Short selling $10.54M; Ratio 16.015%   annual net profit rose 27%, while WUXI BIO (02269.HK)  -0.020 (-0.142%)    Short selling $18.38M; Ratio 1.762%   annual net profit descended 23%. Their shares ascended 4.7% and 1.8% respectively. SHENZHOU INTL (02313.HK)  +0.700 (+0.863%)    Short selling $31.90M; Ratio 9.884%   management showed optimism about this year's business outlook, and its shares surged 12%.

For other shares, CHINA OILFIELD (02883.HK)  +0.550 (+6.358%)    Short selling $8.40M; Ratio 4.414%   net profit advanced 28% last year, and its shares hiked 5.4% in half a day. FLAT GLASS (06865.HK)  -0.220 (-1.366%)    Short selling $27.29M; Ratio 11.661%   full-year net profit climbed 30%, with HSBC Research raising its target price. Its shares rallied 7.3%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-20 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsHSBC Global Research Ratings, TPs on CN Developers (Table)