Zhitong Hong Kong stocks have long known | US CPI in September was higher than market expectations, Longyuan Electric (00916) improved wind power generation in the third quarter

[Today's headlines]

US CPI increased 3.7% year-on-year in September, higher than market expectations

The US consumer price index (CPI) rose 3.7% year on year in September. It is estimated to be 3.6%, compared to the previous value of 3.4%. Bank of America anticipates three rate hikes by June 2027. Traders have increased their bets on the Fed's interest rate hike in October, and the Fed is expected to raise interest rates three more times by the end of 2027.

The Zhitong Finance App learned that Chicago Federal Reserve Chairman Goulsby said on Wednesday that the US Consumer Price Index (CPI) report for September shows that inflationary pressure is spreading widely, and this trend is worrying. At the same time, he warned that the boom in artificial intelligence (AI) data center construction and related investment may cause the US economy to overheat, further making it more difficult for the Federal Reserve to control inflation.

In an interview on Wednesday, Goulsby talked about the US CPI data for September released that day and bluntly stated that the report was “depressing.”

[General outlook]

The Philadelphia Semiconductor Index fell 4.3%

Overnight, the Dow Jones Industrial Average fell 48.62 points to close at 51621.48 points, or 0.09%; the S&P 500 stock index fell 86.51 points, to close at 7718.94 points, or 1.11%; and the Nasdaq Composite Index fell 511.51 points, to close at 26692.87 points, or 1.88%.

Most of the “Big Seven Tech Companies” fell, Meta and Nvidia fell more than 3%, Tesla fell more than 2%, the storage and semiconductor sectors declined, and the Philadelphia Semiconductor Index fell 4.3%. In terms of individual stocks, SK Hynix fell more than 6%, and Sandee fell by more than 5%. The AI cloud and computing power industry chain fell sharply at the same time. CoreWeave plummeted by more than 15%, Nebius by more than 10%, Oracle by nearly 9%, and Vertiv by more than 6%. Precious metals, computer hardware, and cryptocurrency concepts had the highest declines. Dell Technology fell more than 11%, US Gold Company and Quantum fell more than 10%, ultra-microcomputers fell more than 8%, and Coinbase and Pan American Silver fell nearly 5%.

The pharmaceuticals, food and beverage, and oil and gas sectors registered higher gains. Lilly, Roche, and Amgen rose more than 3%, Coca Cola and Sysco rose nearly 2%, and Chevron and ExxonMobil rose more than 1%.

WTI crude oil futures on the New York Mercantile Exchange rose $1.03 for the month to close at $95.17 a barrel, or 1.09%. COMEX gold futures fell $50.00 in consecutive contracts during the month, or 1.20%, to $4127.3 per ounce.

[Hot Topics Preview]

The Federal Reserve's Beige Book: Price increases are accelerating, consumption is under pressure, and AI is beginning to change employment demand

Early Thursday morning, Beijing time, the October Economic Situation Report “Beige Book” released by the Federal Reserve shows that while the US economy continues to expand, it is also facing multiple pressures: price increases are accelerating in some regions, the impact of energy and other costs is still being transmitted along the supply chain, and consumption is fragmented, and more households, including middle class households, are seeking rent and mortgage assistance. Meanwhile, investment in AI and data centers continues to support manufacturing and related construction activities, but some companies have adjusted their recruitment arrangements due to AI efficiency improvements.

HKEx Core Climate completes first green electricity certificate cross-border pilot

On October 14, the Hong Kong Stock Exchange announced that the first batch of China's renewable energy green power certificate cross-border pilot programs facilitated by its Core Climate has been completed, and a cooperation agreement has been signed with the Guangzhou Electric Power Trading Center to allow Hong Kong companies to purchase green certificates through the Guangzhou Electric Power Trading Center. The pilot brought together 15 companies from different industries, and the transaction volume of green power certificates was about 100,000. Each green electricity certificate represents one megawatt-hour of renewable electricity.

Cathay Pacific Haitong (02611) publicly issued sustainable subordinated bonds to professional investors and obtained registration approval from the China Securities Regulatory Commission

Approve the company's registration application to publicly issue perpetual subprime bonds with a total face value of not more than 45 billion yuan to professional investors.

China Merchants Securities (06099): Public issuance of short-term corporate bonds to professional investors obtained registration approval from the China Securities Regulatory Commission

Agree to the company's registration application for the public issuance of short-term corporate bonds to professional investors. The face value balance of this public offering of short-term corporate bonds does not exceed 48 billion yuan.

A subsidiary of Black Sesame Intelligence (02533) signed an AI computing server sales contract of about 300 million yuan with an A-share listed company

The sales contract is the first batch of orders for the Group's AI computing servers. The board of directors believes that the signing of this sales contract is an important substantial step forward in expanding the AI computing server business based on the Group's AI computing platform.

China Innovation Aviation (03931) plans to acquire 8.4958% of China Innovation Aviation Technology (Wuhan) shares for 692 million yuan

After the completion of this acquisition, the company's shares in the target company will increase from 59.3155% to 67.8113%, and the target company will continue to be a non-wholly-owned subsidiary of the company. China Innovation Aviation Technology (Wuhan) Co., Ltd. is a limited liability company established under Chinese law. It is mainly engaged in R&D, production, sales and market application development of lithium batteries, battery management systems and related integrated products.

Guoen Technology (02768) Fa Yingxi expects net profit to return to mother for the first nine months to about 950 million to 1.1 billion yuan, a year-on-year increase of 54.45%-78.84%

During the reporting period, the company took advantage of the integrated synergy of the entire “monomer-synthetic resin-organic polymer modified/composite-product” industry chain. Relying on the established industrial scale base, the product structure was continuously optimized, and the added value and overall competitiveness of the product increased steadily. The collaborative operation of various business segments and improved operational efficiency led to a year-on-year increase in net profit attributable to shareholders of listed companies during the reporting period.

China Shipbuilding Defense (00317) Fa Yingxi expects net profit of 1.1 billion yuan to 1.25 billion yuan in the first three quarters, an increase of 67.91% to 90.80% year-on-year

During the reporting period, the shipping industry maintained a high level of operation. The company's handheld order structure continued to be optimized, and on-hand production tasks were sufficient. The company further promotes lean production management, leverages the advantages of serial and batch construction, continuously improves overall production and operation efficiency, and promotes a year-on-year increase in product gross profit. The operating performance of joint ventures improved markedly, and the level of dividends of participating companies increased steadily, confirming a sharp increase in investment income over the same period last year.

Chow Sang Sang (00116) responds to a “major jewelry heist” at a Hong Kong store: it has been handled by the police

According to media reports, at around 3 p.m. on October 14, a case of property robbery occurred at a Chow Sang Sang Financial Bank at 70 Kwong Fu Road, Tai Po, Hong Kong. In response to the above incident, on the evening of the 14th, Zhou Shengsheng said that it has been handed over to the police for handling, and there is no other information yet.

IPO Undermarket | Voice Holdings (02636) closed down 1.47% with a loss of HK$52 per lot

Communication Holdings (02636) will be listed in Hong Kong on October 15 (Thursday). By the close, Livermore Securities undercover trading showed a price of HK$34.78, down 1.47% from the offering price of HK$35.30. Each lot had a loss of HK$52 for 100 shares, not counting handling fees.

[Individual stock prices are clear]

Longyuan Electric Power (00916): Wind power generation improved in the third quarter

Longyuan Electric Power's wind power generation in the third quarter was roughly the same year on year, an improvement of 7% year over year in the first half of the year; solar power generation increased 15% year over year.

According to Komo's latest research report, although the trend in power generation has stabilized, actual electricity prices are still under pressure due to the implementation of Document 136.

Xiaomo added that Longyuan Electric Power's profit for the third quarter is expected to fall about 25% year on year to about 830 million yuan, a slight improvement from the 28% year-on-year decline in the first half of the year, supported by steady wind power generation and continued strong solar power generation. Xiaomo said that the worst time for the company's profit reset may have passed. The actual pressure on electricity prices is expected to ease after the first full annual reset of electricity marketization in 2026, supporting the gradual recovery of profit fundamentals in 2027. It is expected that operating fundamentals will gradually improve over time.