On the morning of October 22nd, the three major indices of Hong Kong stocks opened with mixed results. The Hang Seng Index fell 0.22% to 20433.49 points, the Hang Seng Science and Technology Index rose 0.37%, and the State owned Enterprises Index fell 0.08%. On the market, the rise and fall of Sci Tech stocks are mixed, with most automotive stocks opening higher and most brokerage stocks rising. In terms of ETFs, the Hang Seng Technology Index ETF (513180) continued to rise with the index after opening, rising nearly 1.5% at one point. Holding stocks such as Xiaopeng Motors and Ideal Motors led the gains, while heavyweight stocks such as JD Group and Meituan rose more than 1%.
Regarding the performance forecast for the third quarter report, Guohai Securities believes that JD Group's trade in policy will drive revenue growth and recovery, and profits will be steadily released. Specifically, it is expected that the year-on-year growth rate of total revenue in Q3 2024 will rebound compared to Q2 2024, mainly due to the recovery of the growth rate of electrified products under the recent trade in policy; It is expected that the Non GAAP net profit margin will improve year-on-year in Q3 2024, mainly due to the healthy growth of profits in JD Retail/JD Logistics business.