恒生指数，跌0.94%。恒生中国企业指数，跌1.03%。大中华股市今日携手走弱。美联储加息后，分析称其偏鸽派信号未及预期，且市场尚未看到中央经济工作会议中强有力的政策信号，弱市中中国央行定向变相降息的作用力不强。俄铝在香港市场逆势大涨，此前么美国称准备取消对该公司的制裁。
HSI, down 0.94%. HSCEI, down 1.03%. Hong Kong stocks’ most painful quarter in 3 years is getting worse after the Fed failed to sooth market jitters.
1093，石药集团，跌4.57%，5日跌17.23%。2005，石四药集团，跌3.02%，5日跌12.82%。 因带量采购低药价恐慌带来的跌势持续
1093, CSPC Pharmaceutical Group, down 4.57%, 5 days down 17.23%. 2005, SSY Group, down 3.02%, 5 days down 12.82%. Investors’ concern about Low drug price and Adjuvent List sustains.
27, 银河娱乐，跌4.14%。1928，金沙中国，跌4.01%，1128，永利澳门，跌4.08%。澳门多间博彩企业赌牌分别分别从2020年起届满，摩根斯坦利报告称，预料有关赌牌绩期问题，会延至下任澳门特首在明年12月上台后才会处理。
27, Galaxy Entertainment Group, down 4.14%. 1928, Sands China, down 4.01%. 1128, Wynn Macau, down 4.08%. Macau is expected to decide on the renewal of gaming licenses only after a new chief executive takes office in Dec 2019. Overhang of renewal uncertainty has weighted on valuation multiples for gaming stocks.
914，海螺水泥，跌3.19%。瑞信降海螺水泥目标价至35港元，维持“跑输大市”评级。瑞信称，熟料流入开始引发华东地区降价，华东地区如浙江的主要水泥生产商，最近开始每吨降价50-60元人民。总的来说，内地水泥价格至明年第三季降维持下行趋势。
914, Anhui Conch Cement Co, down 3.19%. Credit Suisse lowered its TP for the company to HK$35 from HK$38 and maintained its “underperform” rating. The research house said clinker inflow starts to trigger price cut in East China. Major cement producers in Zhejiang have started to cut the price by RMB 50-60/t recently. Overall CS expects cement prices to trend down until 3Q 2019.
2233，西部水泥，跌6.6%，5日跌16.10%。同上
2233, West China Cement Ltd, down 6.6%, 5 days down 16.10%. As above.
2238，广汽集团，涨1.72%。中金表示，投资者应该关注广汽集团、东风集团股份、和长安汽车，因汽车行业投资新规可能改进石化燃料汽车的产能结构，加速淘汰情况较弱的企业。
2238, Guangzhou Automobile Group, up 1.72%. CICC says investors should focus on Guangzhou Automobile, Dongfeng Motor and Changan as new rules on investment in the industry may improve production capacity structure of fossil fuel vehicles and accelerate the phasing out of weaker companies.
486，俄铝，涨9.38%。特朗普政府准备30天后取消对俄铝的制裁。
486, United Co RUSAL PLC, up 9.38%. Shares jumped in Hong Kong after the trump administration is ready to remove sanctions as Russian billionaire Oleg Deripaska cuts stake.
268，金蝶国际，跌 5.11%，522，ASM太平洋，跌5.33%，1347，华虹半导体，跌3.63%。受美股科技股大跌拖累。
268, Kingdee International SFTWR, down 5.11%. 522, ASM Pacific, down 5.33%, 1347, Hua Hong Semiconductor, down 3.63%. Dragged down by US tech industry’s overnight sell-off.
1055，南方航空，跌5.77%。753，国航，跌4.93%。航空股早盘普跌，南航领跌。在岸、离岸人民币兑美元相继跌破6.91关口，利空以人民币买美金计价燃油的航空股。
1055, China Southern Airlines, down 5.77%. 753, Air China Ltd, down 4.93%. RMB sell-off to 6.91 per USD, weighs on airline stocks.
6098，碧桂园服务，跌6.91%.
6098, Country Garden Services, down 6.91%.
1233，时代中国控股，涨3.63%。美银美林予其“买入”评级，目标价10.29港元，称其为小型内房首选。报告称，该公司拥有90%土储坐落大湾区，预计持续受惠于大湾区房内限购放宽及重建项目置换，推动其在2019年至2020年销售年复合增长达25%。此外，时代中国销售及盈利增长，以至偿债能力可见度高。
1233, Times China Holdings, up 3.63%. Bank of America Merrill Lynch initiates coverage of Times China at “buy” rating; PT HK$10.29. BAML said that based on the high visibility in both sales and earnings growth of the Group and its debt payment ability, the Group has an attractive PE ratio of 2.7 times for 2019E. The Group is a TOP pick in BAML’s small cap space.
1806，付汇天下，跌8.11%，5日跌16.05%
1806, HUIFU Payment, down 8.11%, 5 days down 16.05%.
1250，北控清洁能源集团，涨14.02%。18日集团旗下服务平台与A股上市公司森源电气（002358）签订战略合作协议。17日，其还与银行订立协议，获授8亿港元贷款融资，上月公司也成功发行国内首单绿色可续期熊猫公司债券，规模10亿人民币，用于拓展旗下业务。外延内生并行，将为公司告诉发展打下坚实基础。
1250, Beijing Enterprises Clean Energy Group, up 14.02%. The company entered into a facility agreement with a bank. The bank has agreed to make available to the company a loan facility in the aggregate principal amount of HK$800m.
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