HONG KONG MARKET HOW HAS TRUMP CONTRACTING TRADING MATTERS SERIES: TRADING FLOWS COVID-19 AFFECTED MARKETS? An overview of the performance DIGITAL ENGAGEMENT TEAM of companies in the market 9 OCTOBER 2020 Hang Seng Index Key Events Summary 200 Day MA 32,000 100 Day MA 2 Oct 30,000 50 Day MA Stocks fall 28,000 following Trump’s positive virus test, but close off the 26,000 worst levels on stimulus hopes 5 Oct 24,000 Dow ends 465 09 Oct 2020: points higher 22,000 after Trump 24,119.13 cleared to leave hospital after 3- 20,000 12 Oct night stay Jan Feb Mar Apr May Jun Jul Aug Sep Oct China Sep Exports release Market Commentary • China’s yuan climbs, stocks gain in upbeat return 15 Oct for traders (09 oct, Bloomberg) China Sep CPI o Stock Connect/Markets reopen after national Release Golden Week holiday in China • A slew of China data will give the latest read on the strength of the economy’s recovery in the final 19 Oct month of 3Q (09 Oct, Bloomberg) o 12 Oct: China Sep Exports, estimate +8.4% China 3Q GDP Release o 15 Oct: China Sep CPI, estimate +1.8% • Macau casinos drop as golden week results don’t impress market (09 oct, bloomberg) o Gross gaming revenue -76% from the same 3 Nov period a year ago, according to Bernstein • Hang Seng Index holding support at 24,000 US Presidential psychological level, below key 50/100/200 Day Elections Moving Averages Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components: Movers and Laggards TOP PERFORMING SINCE 05 OCTOBER 2020 LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%) WUXI BIOLOGICS CAYMAN INC 7.42% -60.44% AAC TECHNOLOGIES HOLDINGS IN 6.95% 7.12% SUNNY OPTICAL TECH 6.34% -5.39% HSBC HOLDINGS PLC 5.54% -52.41% TENCENT HOLDINGS LTD 5.47% -0.44% COUNTRY GARDEN HOLDINGS CO 5.06% -10.83% AIA GROUP LTD 4.94% -47.34% TECHTRONIC INDUSTRIES CO LTD 4.63% -52.01% CSPC PHARMACEUTICAL GROUP 4.40% -39.50% HANG LUNG PROPERTIES LTD 4.19% -35.00% WORST PERFORMING SINCE 05 OCTOBER 2020 LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%) SANDS CHINA LTD -5.03% 74.49% WHARF REAL ESTATE INV -3.33% 74.56% LINK REIT -2.38% 1.69% CHINA UNICOM HONG KONG LTD -0.59% -32.19% WH GROUP LTD -0.48% 24.24% BANK OF CHINA LTD-H -0.42% -30.01% SUN HUNG KAI PROPERTIES -0.30% -3.85% IND & COMM BK OF CHINA-H -0.25% -30.14% HENGAN INTL GROUP CO LTD -0.18% -7.93% CITIC LTD -0.18% -36.00% Data extractedfromBloomberg asof previous closing unlessotherwisestated Overnight Flows Summary: As of 09 October 2020 TOP 10 MOST ACTIVE SECURITIES BY TRADED VALUE TRADED VALUE COUNTER LAST PRICE PRICE CHANGE (%) ($’000s) 1 TENCENT HOLDINGS LTD 539.50 0.84% 8,213,727 2 ALIBABA GROUP HOLDING LTD 286.20 -1.17% 6,415,638 3 MEITUAN DIANPING-CLASS B 270.00 1.20% 6,304,381 4 EVEREST MEDICINES LTD 72.75 32.27% 3,078,792 5 XIAOMI CORP-CLASS B 20.95 0.48% 2,447,587 6 JD.COM INC - CL A 307.80 0.92% 1,948,431 7 PING AN INSURANCE GROUP CO-H 80.80 0.62% 1,815,818 8 XINYI SOLAR HOLDINGS LTD 13.66 -10.13% 1,392,688 9 BYD CO LTD-H 122.40 -4.67% 1,260,378 10 GEELY AUTOMOBILE HOLDINGS LT 15.80 1.28% 1,095,910 STOCKS HITTING 52 WEEKS HIGHS (TOP 5 BY MARKET CAP) COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK HIGH 1 ALIBABA GROUP HOLDING LTD 286.20 -1.17% 293.00 2 HAIDILAO INTERNATIONAL HOLDI 59.55 -3.64% 63.00 3 SHENZHOU INTERNATIONAL GROUP 135.40 0.59% 138.60 4 GREAT WALL MOTOR COMPANY-H 11.00 -1.61% 11.48 5 YUM CHINA HOLDINGS INC 413.60 0.63% 416.60 STOCKS HITTING 52 WEEKS LOWS (TOP 5 BY MARKET CAP) COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK LOW 1 SHENZHEN EXPRESSWAY CO-H 6.72 0.45% 6.65 2 HUI XIAN REIT 1.54 0.00% 1.36 3 KOWLOON DEVELOPMENT CO LTD 7.83 -1.02% 6.28 Stocks have been filtered to show only those >US$1b in market capitalisation. Figures as of previous closing Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components Summary (1/2) Analysts Upside/Downside Consensus from Analyst Counter Price RSI Latest Dividend Ex Date 12M Target Consensus Price (%) AAC TECHNOLOGIES HOLDINGS IN 44.65 51.35 0.1 9/9/2020 53.89 20.70% AIA GROUP LTD 79.65 56.63 0.35 7/9/2020 85.76 7.67% ALIBABA GROUP HOLDING LTD 286.20 65.99 N/A N/A 313.90 9.68% BANK OF CHINA LTD-H 2.39 38.02 0.191 7/7/2020 3.47 45.05% BANK OF COMMUNICATIONS CO-H 3.79 37.83 0.315 6/7/2020 5.08 34.16% BOC HONG KONG HOLDINGS LTD 21.25 48.31 0.447 15/9/2020 27.00 27.06% CHINA CONSTRUCTION BANK-H 5.02 29.08 0.32 2/7/2020 7.30 45.39% CHINA LIFE INSURANCE CO-H 17.96 50.72 0.73 7/7/2020 25.72 43.20% CHINA MENGNIU DAIRY CO 37.45 56.85 0.181 5/6/2020 41.25 10.15% CHINA MOBILE LTD 49.95 38.78 1.53 27/8/2020 70.42 40.98% CHINA OVERSEAS LAND & INVEST 19.90 34.75 0.45 18/9/2020 32.01 60.85% CHINA PETROLEUM & CHEMICAL-H 3.17 37.64 0.07 14/10/2020 4.61 45.50% CHINA RESOURCES LAND LTD 36.10 55.75 0.168 24/9/2020 43.82 21.38% CHINA UNICOM HONG KONG LTD 5.02 43.88 0.148 1/6/2020 7.17 42.81% CITIC LTD 5.68 26.57 0.1 14/9/2020 9.02 58.89% CK ASSET HOLDINGS LTD 38.40 37.50 0.34 7/9/2020 54.19 41.12% CK HUTCHISON HOLDINGS LTD 47.25 43.32 0.614 7/9/2020 68.65 45.30% CK INFRASTRUCTURE HOLDINGS L 36.60 38.72 0.68 4/9/2020 51.13 39.69% CLP HOLDINGS LTD 73.00 47.12 0.63 2/9/2020 88.62 21.39% CNOOC LTD 7.65 38.89 0.2 3/9/2020 10.92 42.79% COUNTRY GARDEN HOLDINGS CO 9.96 59.17 0.2055 16/9/2020 12.84 28.90% CSPC PHARMACEUTICAL GROUP LT 15.66 52.36 0.06 10/9/2020 19.70 25.79% GALAXY ENTERTAINMENT GROUP L 52.10 39.93 N/A 25/9/2020 63.12 21.15% GEELY AUTOMOBILE HOLDINGS LT 15.80 48.86 0.25 28/5/2020 19.10 20.87% HANG LUNG PROPERTIES LTD 20.40 52.01 0.17 11/9/2020 22.60 10.76% Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components Summary (2/2) Analysts Upside/Downside Consensus from Analyst Counter Price RSI Latest Dividend Ex Date 12M Target Consensus Price (%) HANG SENG BANK LTD 117.30 45.66 0.8 15/10/2020 120.88 3.05% HENDERSON LAND DEVELOPMENT 28.95 48.11 0.5 2/9/2020 35.94 24.15% HENGAN INTL GROUP CO LTD 56.15 36.68 1.2 10/9/2020 77.27 37.61% HONG KONG & CHINA GAS 11.20 47.04 0.12 31/8/2020 11.09 -0.95% HONG KONG EXCHANGES & CLEAR 372.00 57.75 3.71 1/9/2020 408.04 9.69% HSBC HOLDINGS PLC 31.45 50.32 N/A N/A 36.03 14.56% IND & COMM BK OF CHINA-H 4.01 35.36 0.2628 22/6/2020 5.86 46.18% LINK REIT 61.50 46.84 1.4572 12/6/2020 77.14 25.43% MTR CORP 38.65 42.76 0.25 19/8/2020 44.17 14.28% NEW WORLD DEVELOPMENT 38.10 52.91 1.48 30/11/2020 52.73 38.41% PETROCHINA CO LTD-H 2.27 27.63 0.08742 29/9/2020 3.43 50.92% PING AN INSURANCE GROUP CO-H 80.80 43.20 0.8 16/9/2020 102.85 27.29% POWER ASSETS HOLDINGS LTD 41.00 42.38 0.77 3/9/2020 51.08 24.58% SANDS CHINA LTD 28.35 31.72 N/A 3/2/2021 37.66 32.83% SHENZHOU INTERNATIONAL GROUP 135.40 69.62 0.9 7/9/2020 133.01 -1.76% SINO BIOPHARMACEUTICAL 8.47 43.98 0.02 14/9/2020 10.88 28.48% SUN HUNG KAI PROPERTIES 98.50 49.28 3.7 9/11/2020 129.81 31.78% SUNNY OPTICAL TECH 125.80 60.77 0.728 27/5/2020 143.49 14.06% SWIRE PACIFIC LTD - CL A 37.80 42.67 0.7 9/9/2020 60.64 60.43% TECHTRONIC INDUSTRIES CO LTD 106.30 69.79 0.53 1/9/2020 108.00 1.60% TENCENT HOLDINGS LTD 539.50 58.74 1.2 15/5/2020 613.88 13.79% WH GROUP LTD 6.25 42.20 0.05 24/8/2020 9.72 55.49% WHARF REAL ESTATE INVESTMENT 30.45 44.61 0.78 17/8/2020 35.73 17.34% WUXI BIOLOGICS CAYMAN INC 202.60 65.43 N/A N/A 208.61 2.97% XIAOMI CORP-CLASS B 20.95 50.09 N/A N/A 23.99 14.52% Data extractedfromBloomberg asof previous closing unlessotherwisestated Upcoming Economic, Trading and Earnings Calendar Monday, 12 Oct 1.