[Important Data]
[Zhitong Views]
1. On Thursday, investors were worried that the second wave of health incident would have another impact on the economy. In addition, the employment data performed worse than expected. The US stock market fell across the board, the Dow Jones Industrial Average lost 26,000 points during the session, fluctuated at a low level throughout the day, and rose slightly in the late trading. As of the close, the Dow Jones Industrial Average closed down 39.51 points or 0.15% to 26,080.10 points; the Nasdaq rose 32.52 points or 0.33% to 9,943.05 points; the S&P 500 rose 1.85 points or 0.06% to 3,115.34 points. The Hong Kong stock ADR index fell slightly throughout the day, and closed at 24,399 points, down 65 points.
2. Shandong Gold (01787) announced that the company's wholly-owned subsidiary Shandong Gold Hong Kong will acquire Katino Resources Co., Ltd. through an over-the-counter tender offer at a price of AUD 0.60 per share. If all shareholders of the target company except Shandong Gold Hong Kong accept the offer and the offer is successful, the total investment in this transaction is approximately AUD 321 million, equivalent to RMB 1.565 billion. This transaction is not an related transaction and does not constitute a major asset restructuring. The Target Company is a gold exploration and development company founded in 2010 and headquartered in Perth, Australia. The target company's securities are currently listed on both the ASX and the Toronto Stock Exchange . This transaction is the second transaction announced by Shandong Gold this year. Unlike the wholly-owned acquisition of TMAC, this time it adopts an over-the-counter acquisition of shares to seek controlling rights, but it does not necessarily require the target company to delist.
3. On June 18, both ZTE AH shares rose sharply. In response, ZTE (00763) responded that everything in the company was normal and no incidents that could affect the stock price occurred. Regarding the news that ZTE said on the interactive platform yesterday that "has chip design and development capabilities, 7nm chips have been mass-produced in large-scale global 5G deployment, and 5nm chips are being imported." The company said that the relevant news is not new information, and the company has disclosed it in its 2019 annual report and other reports.
3. WHO: There are 3 candidate vaccines that will enter the third phase in the next few weeks. British Health Secretary Hancock announced on Thursday that the vaccine developed by Oxford University has begun to be produced by AstraZeneca, so that once the vaccine is clinically approved, inventory will be ready. This week, the vaccine developed by Imperial College also entered the first phase of human clinical trials. Hancock said that the vaccination will be given priority after the vaccine is released. Morgan Stanley (Morgan Stanley) analysts suggest that during the first wave of health, vaccine pricing could start from $5 to $10 per dose, and then increase the price of preventive doses to $13 to $30 in the coming years. Although global sales are more difficult to predict, prices and vaccination rates may vary significantly in developed and developing countries. If sales in developed countries will reach half or two-thirds of the U.S. dollar level and poor countries can only earn around 5%, then BMO predicts that vaccine sales will exceed $30 billion by 2026. Continue to pay attention to the stock price of CanSino Biologics-B (06185).
5 and Tesla (TSLA.US) told Texas officials that it hopes to build a new automobile assembly plant in the southwest of the United States as early as the third quarter of this year. However, Tesla has not yet decided to build a factory in Texas or Oklahoma. According to a document written by Texas officials, Tesla hopes to build a new factory with a floor of 4 million to 5 million square feet, with an investment of US$1 billion, and the new factory will employ 5,000 people. Tesla temporarily hopes to build a new factory in Austin, Texas, but tax incentives and other conditions must be considered. It is not ruled out that it will be built in a city in Oklahoma. Tesla continues to expand production, which is conducive to the continued strengthening of upstream companies Ganfeng Lithium (01772).
[Company News]
China Evergrande (03333) spent 50.4256 million Hong Kong dollars on June 18 to repurchase 2.55 million shares
Huatai Securities (06886) spent 28.1784 million yuan on June 18 to repurchase 1.55 million A shares
Hualing Pharmaceutical-B (02552) completed Dorzagliatin's Phase III single drug test SEED
Yuanda Housing (02163) plans to issue 8 6.054 million A shares and listed on the Shenzhen Stock Exchange Growth Enterprise Market
Wugang Real Estate (00230) plans to spend 1.475 billion yuan to acquire 49% equity of Tianjin Yijiahe
Jiayuan International Holdings (02768) acquires the land use rights of Changshu plots for 761 million yuan
Dingfeng Group Holdings (06878) plans to acquire 49% equity of Weihai Zhongtian Real Estate and 51% equity of Shanghang Fengda Real Estate
Two plots of affiliated land under the imperial furniture (01198) will be taken back by the land Expected earnings of 1.35 billion yuan, resumed trading on the 19th
Tianjin Development (00882) plans to sell all equity in Tianjin Tiangong Grape Wine for 331.9 million yuan
MBV INTL (01957) plans to issue 157 million shares It is expected to be listed on July 8
[Real performance express]
Yingmei (02368) expects annual profit attributable to shareholders to increase significantly by 55% to 65%
Boya Interactive (00434) expects shareholders to decrease by about 70% year-on-year in the first quarter
Wugang Real Estate (00230) expects medium-term net profit to decrease by about 70% The profit attributable to equity holders fell by 13.7% to HK$743 million
Siberia Mining (01142) Siberia Mining (01142) expected annual net profit to be reduced by no more than 55%
Hutai Textile (01382) The profit attributable to equity holders fell by 13.7% to HK$743 million
Siberia Mining (01142) expected annual pre-tax loss of 1.2 billion to HK$1.4 billion
profit to loss Sasha International (00178) annual net loss was HK$516 million
[Macro and Industry]
1. Bridgewater founder Rui Dalio warned that the US stock market may encounter "lost 10 years".
2. The United States requested 1.508 million initial unemployment benefits in the week ending June 13, with an expected 1.29 million people, compared with the previous value of 1.542 million. The number of people who renewed unemployment benefits in the week of June 6 was 20.544 million, with an expected 19.85 million, compared with the previous value of 20.929 million.
3. The Baltic dry bulk index rose 281 points or 22.6% on Thursday to 1,527 points, the highest level since December 10 last year. The capesized ship freight index rose 1217 points or 49.6% to 3672 points, the highest since September 25 last year, with an average daily profit of $6,244 to $25,280.
4. The Asian Development Bank (ADB) released a report on the 18th saying that due to the health incident, the bank lowered its economic growth forecast for Asia-Pacific developing economies in 2020 to 0.1%, far lower than the 2.2% forecast in April this year; the growth rate of Asia-Pacific developing economies in 2021 is expected to be 6.2%, consistent with the April forecast.
5. Central Bank Governor Yi Gang: Shanghai can go further in terms of free use of the RMB and convertible capital projects, and try first. As long as it meets the regulatory requirements for anti-money laundering, anti-terrorist financing, and anti-tax evasion, funds required for normal trade and investment can be freely in and out. Monetary policy will also maintain a reasonable level of liquidity in the second half of the year, and is expected to drive the annual loan increase of nearly 20 trillion yuan, and the increase in social financing scale exceeds 30 trillion yuan.
6. State Grid Corporation revealed that the national power generation volume is growing at a faster pace in June after the growth rate in May rebounded significantly. In early June, the national full-scale power generation increased by about 9.1% year-on-year. Judging from the dispatched power generation and reception capacity, in early June, the growth rate of 11 provincial power grids in the State Grid business scope was higher than 10%, mainly distributed in East China, Central China and Southwest China. Among them, the dispatched power generation and reception volume in Henan, Anhui, Gansu and Jiangsu increased by 18.6%, 16.1%, 14% and 12.4% year-on-year respectively.
7. The Ministry of Industry and Information Technology released the "Economic Operation of the Communications Industry from January to May 2020". The report shows that in May, the scale of cellular IoT users of the three major operators continued to expand rapidly. As of the end of May, the three basic telecommunications companies developed 1.097 billion cellular Internet of Things terminal users, a year-on-year increase of 44%, a net increase of 68.86 million from the end of last year, of which the growth of end users used in intelligent manufacturing, intelligent transportation, and intelligent public utilities reached about 30%.
8. Ministry of Finance: From January to May, stamp duty was 133.2 billion yuan, an increase of 9.9% year-on-year. Among them, the stamp duty for securities transactions was 81.7 billion yuan, an increase of 18.4% year-on-year.
9. Gao Feng, spokesperson of the Ministry of Commerce, said that from January to May, the actual use of foreign capital nationwide was 355.18 billion yuan, a year-on-year decrease of 3.8% (equivalent to US$51.21 billion, a year-on-year decrease of 6.2%; excluding the banking, securities and insurance sectors, the same below), a decrease of 7 percentage points from the first quarter.In May, the actual use of foreign capital nationwide was RMB 68.63 billion, an increase of 7.5% year-on-year (equivalent to US$9.87 billion, an increase of 4.2% year-on-year).
10. The economic operation of the communications industry from January to May 2020 released by the Ministry of Industry and Information Technology on June 18 showed that the growth rate of telecommunications business revenue continued to increase slightly. From January to May, the cumulative revenue of telecommunications business reached 574.1 billion yuan, a year-on-year increase of 2.8%, an increase of 2.5 percentage points year-on-year, and an increase of 0.5 percentage points from January to April.
11. According to reports, HTHT.US, a Chinese hotel chain, also plans to return to Hong Kong. Sources pointed out that the company is discussing with financial advisers on a second listing in Hong Kong, and plans to go public at the end of this year as soon as possible, with plans to go public at US$500 million to US$1 billion (HK$3.9 billion to HK$7.8 billion).
12. Data shows that "Battle of the Wild" developed by Supercell and jointly released by Tencent and Youzu was launched on June 9 and was popular among players. It was estimated that the download volume in the first week of iOS in China reached 4.8 million, and it attracted $17.5 million. Over the past week, Brawls has estimated revenue of $28.8 million on the global App Store and Google Play, of which 60.7% come from iOS in China.
13. In the early morning of June 19, Alibaba announced that as the largest consumption season since the health incident, the cumulative order amount of Tmall 618 in 2020 was 698.2 billion, setting a new record.
14.JD.com announced the 618 full battle report in the early morning. Data shows that from 0:00 on June 1, 2020 to 24:00 on June 18, JD.com's cumulative order amount reached 269.2 billion yuan in the Global Mid-Year Shopping Festival, setting a new record.
[Major shareholders increase and decrease their holdings]
On June 12, Xiaoma increased its holdings in CNOOC Oilfield Services (02883) by approximately 8.905 million shares, with a price of HK$7.3731 per share, with a total amount of approximately HK$65.6575 million. After the increase in holdings, the shareholding ratio is 7.24%.
htmlOn June 12, Citi reduced its holdings in Great Wall Motors (02333) by approximately 6.3984 million shares, with a price of HK$53,938 per share, with a total amount of approximately HK$34.5118 million. After the reduction, the shareholding ratio is 6.89%. htmlOn June 11, Xiaomax reduced its holdings in Chuangke Industrial (00669) by approximately 3.1411 million shares, with a price of HK$735,186 per share, with a total amount of approximately HK$231 million. After the reduction, the shareholding ratio is 7.97%. htmlOn June 15, MFC increased its holdings in China Railway Construction (01186) by approximately 5.5803 million shares, with a price of HK$68,208 per share, with a total amount of approximately HK$38.0622 million. After the increase in holdings, the shareholding ratio is 8.03%.[Big Bank Rating]
CICC: Give Skyworth Group (00751) a "neutral" rating, with a target price of HK$2.8.
Goldman Sachs : Downgraded Air China (00753) target price to HK$7.3 and gave it a "buy" rating.
Goldman Sachs: Raising China Eastern Airlines (00670) target price to HK$4, giving it a "buy" rating.
Citi: Upgrade Geely Auto (00175) target price to HK$20 and give it a "buy" rating.
Nomura: Give China Pacific Insurance (02601) a "buy" rating and raise the target price to HK$30.31.
[Trading Alarm]
In the Issuance: MBV INTL (01957)
Pricing date: HYGIEIA (01650), Kangji Medical (09997), Haiji Medical (06078)
Performance announcement: Oriental Press Group (00018), Zhongtian Hongxin (00994), China Metal Utilization (01636), Biyou Group (08053), Junbaiyan Group (08372), Chuang Hui Jewelry (08537), Meijiehui Holdings (01389), Deyongjia Group (00321), Nanxuan Holdings (01982), Aochuan Siwei Holdings (08091), Zhongzhi Capital International (08295), China Changyuan (00110), Wanjing Holdings (02193), Yuanli Holdings (01933), Jianhong Group Holdings (01557), Kuang Wenji (08023), TERMBRAY IND(00093), Huasheng International Holdings(01323), Huaxia Energy Holdings(08009), NIRAKU(01245)
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