药捷安康，继续大跌

Market Overview - On September 19, the Hong Kong stock market showed mixed results with the Hang Seng Index closing flat at 26,545.10 points, the Hang Seng Tech Index rising by 0.37% to 6,294.42 points, and the Hang Seng China Enterprises Index increasing by 0.17% to 9,472.35 points. The total market turnover was HKD 376.8 billion, with net buying from southbound funds amounting to HKD 9.838 billion [2][3]. Company Performance - On September 19, Yaojie Ankang-B experienced a significant drop of 18.18%, closing at HKD 149.90 per share. Despite this decline, the stock has seen a cumulative increase of over 10 times since its IPO price of HKD 13.15 per share, with a peak increase exceeding 50 times during this period [4][6]. - Yaojie Ankang was listed on June 23, 2023, with a total market capitalization of approximately HKD 52 billion at the time of its IPO. The company had a total share capital of about 397 million shares, with only around 549 million shares available for trading in the secondary market [6]. - SenseTime-W saw a contrary increase of 4.58% on September 19, following a report from HSBC that raised its target price by 82.4% to HKD 3.1 per share, maintaining a "hold" rating due to improved profit margins and reduced competitive pressure [6][11]. Sector Trends - The smart driving concept stocks showed strong performance on September 19, with Hongteng Precision rising by 21.44%, Hezhima Intelligent increasing by 1.2%, and Leap Motor gaining 2.44% [10]. - Haier announced that its Robotaxi business received strategic investment from Alibaba Group, indicating a deepening collaboration in the fields of intelligent driving models and commercializing Robotaxi services [13]. - CATL (Contemporary Amperex Technology Co., Limited) closed at HKD 515.5 per share, up 2.08%. Analysts noted that despite a projected P/E ratio of 22 times for the next 12 months, CATL's valuation remains low compared to its peers in the battery manufacturing sector [14][16].