Express News | Henan Provincial Market Supervision Bureau and other departments issued administrative guidance and talked to 13 companies including jd.com as a warning.

Breakings19:16

Hong Kong market watch | Hong Kong stocks have a weak performance, with the Hang Seng Index slightly down by 0.03%; active trading in apple suppliers and semiconductor stocks.

During the trading day, the three major indices of the Hong Kong stock market all rose by 1%, showing a low opening and high closing trend in the morning. In the afternoon, there was a decline in the market. As of the close, the Hang Seng Index and the H-share index both fell slightly by 0.03% and 0.02%, respectively. The Hang Seng Tech Index rose slightly by 0.05%, while the Hang Seng Index failed to hold above the 18,000 point level.

Futu News16:22

Goldman Sachs: Maintains a "buy" rating for JD.com (09618), with a target price of HK$161.

Goldman Sachs released a research report stating that it maintains a Buy rating on JD.com with a target price of HKD 161, reflecting the company's leadership position in retail scale, unique online direct sales and market model coupled with its industry-leading internal warehousing and supply chain capabilities. The report quoted JD.com's management as saying that given the recent 618 event and the status of Chinese consumers, it is expected that active users in the first quarter will continue to grow at a double-digit pace, with an ideal performance in the supermarket category. Regarding e-commerce competition, JD.com believes that the e-commerce market is not a situation where the winner takes all, and each company will find its own differentiated positioning.

Zhitong Finance13:59

Hong Kong stock market midday review | Three major indexes open low and go high, Apple supplier concept rises strongly, BYD electronic rises more than 6%, soaring more than 70% compared to April lows.

Hong Kong's three major stock indices opened low and rose high, with the Hang Seng Index and National Index both rising more than 1% at one point during the trading day. At noon, they rose by 0.2% and 0.25% respectively, while the Hang Seng Tech Index rose by 0.12%. The three major indices initially fell more than 1%.

Futu News12:10

Goldman Sachs: Due to the high base period of the same period last year, it is expected that JD.com (09618.HK) will continue to slow down its revenue growth in the second quarter.

Goldman Sachs released a research report stating that due to the relatively high base last year, the revenue growth of JD.com (09618.HK) in the second quarter of this year is expected to slow to about 5% year-on-year, while the market expects an increase of 6%, and the first quarter is expected to increase by 7%. The bank maintains its 2024 forecast, with revenue up 6% annually and net profit for the Group up 7% annually, with a return to net profit growth annually in the second half. Even though the bank adjusted its e-commerce industry preference due to soft online consumer trends in June and JD.com's short-term profit staying flat, it believes that there will be more opportunities in the industry starting from the second half of this year due to its low base and profit in the second half of the year.

AASTOCKS11:23

Quick look at the market | All three major Hong Kong stock indices rose; chip stocks and auto stocks rose, Brilliance Chi rose more than 22%.

Network technology stocks are mixed, with Kuaishou and NetEase up nearly 2%, Meituan and Tencent up over 1%, Ping An Good Doctor down more than 3%, and Ali Health and JD Health down more than 2%.

Futu News10:41