After announcing the extension of the exemption from purchase tax on the weekend, today Electric Vehicles are the brightest star in the Hong Kong stock market.
Among them, Geely surged by 13%, mainly because its high-end brand Zeekr 001 sold 5,022 units in July, a 16.7% month-on-month increase, setting a new monthly delivery record. At the same time, in July, the pre-orders for Zeekr 001 (with a non-refundable deposit of 5,000 yuan) broke ten thousand again.
The significant increase in Electric Vehicles sales will lower production costs, and they are already capable of generating revenue. The impact of subsidy reductions is relatively small, and the extension of the tax exemption policy will drive sales to maintain healthy growth rates, which is more in line with the development trends of Electric Vehicle companies.
The good news is finished, and the next two are bad news.
After nearly five months, Tencent's stock price has once again fallen below the 300 Hong Kong dollar mark. Since June 27, when the South African major shareholder announced a gradual Shareholding reduction, the stock price has dropped by 25% over more than a month, resulting in a Market Cap evaporation of nearly one trillion.
Tencent's previous low was 295.4 Hong Kong dollars, this time it may need to drop to around 280 to stabilize, and I plan to buy some at 280 Hong Kong dollars.
This wave of losses has trapped many investors in Tencent, and many people ask what to do; I can only say:For Tencent, either endure (Hold), or be aggressive (bottom fishing), or leave (walk away).
Companies in the real estate chain have been struggling lately, with Banks not even mentioned; this time, real estate has brought its subsidiaries down.
JINKE SERVICES fell sharply today by 37%, with its stock price hitting a new low since its listing.
The reason is that JINKE SERVICES will provide JINKE REAL ESTATE with a loan of no more than 1.5 billion, at an annual interest rate of 8.6%.
Previously, EVERG SERVICES used its 13.4 billion deposits to offset...