越秀证券：每日晨报-20241029

Market Performance - The Hang Seng Index closed at 20,599, up 0.04% year-to-date (YTD) increase of 20.84% [1] - The Hang Seng Tech Index rose by 0.79%, with a YTD increase of 21.51% [1] - The Dow Jones Index increased by 0.65%, with a YTD rise of 12.47% [1] - The S&P 500 Index saw a 0.27% increase, YTD up 22.09% [1] - The Nasdaq Index rose by 0.26%, with a YTD increase of 23.69% [1] Economic Indicators - The Ministry of Finance reported that state-owned enterprises' total operating income increased by 1.2% year-on-year to 61.06 trillion RMB, while total profits fell by 2.3% to 3.25 trillion RMB [6] - Hong Kong's overall export value in September rose by 4.7% year-on-year, below the expected 6.6% [6][7] - The trade deficit for September was recorded at 53.2 billion RMB, equivalent to 11.8% of the import value [6] Company Updates - CNOOC (00883.HK) reported a net profit of 36.928 billion RMB for Q3, a 9% year-on-year increase, with total revenue of 99.254 billion RMB, down 13.5% [9] - CNOOC's oil and gas sales revenue for the first three quarters was approximately 271.43 billion RMB, up 13.9% year-on-year [9] - Esprit Global (00330) announced that its two U.S. subsidiaries filed for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code due to poor financial performance [12][13] Industry Trends - The China Steel Association indicated that there is a willingness among leading companies to explore restructuring for new development opportunities [11] - Volkswagen's Scania brand will source batteries from Northvolt for its electric trucks, indicating a strategic partnership amid Northvolt's financial challenges [11] Consumer Confidence - The University of Michigan's consumer confidence index for October was revised to 70.5, the highest level in six months, driven by improved conditions for durable goods purchases [15]