On January 10 Capital Flows | Northbound funds net bought HK$4.65 billion of Hong Kong stocks, increasing positions in Tencent and SMIC
Among them: net purchases of Tencent Holdings for 2.579 billion, SMIC for 1.42 billion, Xiaomi GroupW for 437 million, Ping An of China for 161 million, and ZTE for 128 million; net sales of WinFund Holdings for 1.68 billion, MeituanW for 443 million, WeMall Group for 182 million, and AlibabaW for 158 million.
According to statistics, southbound funds have been reunion email list 100000 contact leads net buying Xiaomi Group for 5 consecutive days, totaling HK$2.92452 billion; net buying SMIC for 6 consecutive days, totaling HK$3.09877 billion; net buying Tencent for 8 consecutive days, totaling HK$32.34185 billion (southbound funds have increased their holdings in Tencent in the past 4 days, accumulating HK$31.064 billion); net selling Meituan for 4 consecutive days, totaling HK$2.68791 billion.
North Water Focus on Individual Stocks
WeMall Group : Today’s stock price plummeted by more than 40%. The Hong Kong Stock Exchange’s equity disclosure system shows that Tencent a make sure it com from your brain has reduced its shareholding in WeMall Group from 8.39% to 2.94%. On January 10, WeMall Group responded that Tencent’s reduction of its holdings in the company’s shares was due to its proactive review and optimization of its investment portfolio and would not have a substantial impact on the business relationship between the two parties. In the future, Tencent and WeMall will continue to work together to provide highquality services to customers.
Tencent Holdings: Repurchased 4 million shares on January 10, spending HK$1.5 billion
SMIC : Goldman Sachs released a research report, raising SMIC’s target price by 13.8% from HK$33.4 to HK$38, and maintaining a “neutral” rating. Although Goldman Sachs is optimistic about the company’s gradual upward trend, it still liechtenstein number believes that the increased supply of mature node capacity, intensified competition and geopolitical risks are concerns about the company’s valuation, which may have an adverse impact On January 10.
