On August 22nd, in the Hong Kong stock market, northbound funds had a net sale of 0.083 billion Hong Kong dollars. Among them, the Shanghai-Hong Kong Stock Connect had a net purchase of 1.565 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect had a net sale of 1.648 billion Hong Kong dollars.
According to the Intelligent Finance APP, on August 22nd, in the Hong Kong stock market, northbound funds had a net sale of 0.083 billion Hong Kong dollars. Among them, the Shanghai-Hong Kong Stock Connect had a net purchase of 1.565 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect had a net sale of 1.648 billion Hong Kong dollars.
The stocks with the most net buying from northbound funds are CSPC Pharma (01093), Tracker Fund of Hong Kong (02800), and China Mobile (00941). The stocks with the most net selling from northbound funds are Tencent (00700), Semiconductor Manufacturing International Corporation (00981), and China Coal Energy (01898).
Active trading stocks for Hong Kong stock connect (Shanghai).
Active trading stocks for Hong Kong stock connect (Shenzhen).
CSPC Pharma (01093) received a net buy of 0.402 billion Hong Kong dollars. On the news front, CSPC Pharma announced its interim performance, with the group's revenue at 16.284 billion RMB, a year-on-year increase of 1.27%; the profit attributable to shareholders at 3.02 billion RMB, a year-on-year increase of 1.80%; and an interim dividend of 16 Hong Kong cents per share. Everbright Securities pointed out that the company's performance was slightly below expectations. The bank stated that the company is a leading domestic pharmaceutical company with abundant cash. The company is transforming from a traditional pharmaceutical enterprise to an innovative one and is expected to have multiple new drugs approved and pipeline data readouts within the year. The launch of multiple new products is expected to drive the company's performance growth.
Tracker Fund of Hong Kong (02800) received a net buy of 0.271 billion Hong Kong dollars. On the news front, Zhongtai International stated that there is a lack of positive catalysts in the Hong Kong stock market at present. This week's LPR was not lowered, and the market has re-entered a period of policy observation. The Hong Kong stock market is in the midst of the earnings season, with individual stock fluctuations intensifying. China International Capital Corporation (CICC) stated that it is expected that the policy in the third quarter will be more proactive than the second quarter, but the expectation of 'strong stimulus' is still unrealistic. Under these circumstances, the market will find support, and the phase will show greater elasticity compared to A shares, but it will still be more of a structured market within fluctuations.
China Mobile (00941) received a net buy of 69.65 million Hong Kong dollars. On the news front, Haitong Securities pointed out that China Mobile's operational efficiency continues to improve, and its intelligent scale has exceeded the annual target. Despite the complex global external environment in the first half of the year, overall effective demand remains insufficient. The company's overall revenue growth rate has slowed down compared to earlier, but the company stated that it will strive to achieve a steady increase in revenue and good profit growth for the whole year on the basis of the first half of the year. At the same time, the company continues to increase its dividend payout, planning to distribute 2.38 yuan for the first half of the year, a year-on-year increase of 7%. The dividend payout ratio for the whole year is expected to be further increased year-on-year.
Industrial and Commercial Bank of China (01398) received a net buy of 19.21 million Hong Kong dollars. On the news front, Minsheng Securities believes that the net interest margin of banks in the second quarter of 2024 has stabilized. Changes in the distribution mechanism during the process of de-financialization will allow systemically important financial institutions to gain more advantage marginally compared to other financial institutions. Banks benefiting from the gradual stabilization of the interest margin are recommended as relatively superior assets with decreasing capital returns.
China Coal Energy (01898) suffered a net sell of 73.94 million Hong Kong dollars. On the news front, Haitong Securities released a research report stating that in the outlook for August, due to relatively high temperatures and the base of hydroelectric power, the demand for thermal power is expected to turn positive year-on-year, and the marginal demand improvement is expected. Supply may be maintained at the current level, with limited further incremental space, and the supply-demand pattern is expected to marginally improve. Historically, the daily consumption high point may have already appeared; subsequently, as the high temperature gradually recedes, daily consumption may begin to decline, and downstream may begin to actively destock. The coal price may enter a mildly downward channel.
Semiconductor Manufacturing International Corporation (00981) suffered a net sell of 92.33 million Hong Kong dollars. On the news front, Goldman Sachs previously released a research report stating that the continuous replenishment demand for semiconductor and smart phone components has supported the company's third quarter shipments and deliveries. However, the situation for the fourth quarter remains uncertain as customers usually review and adjust orders within the quarter.
In addition, CNOOC (00883) and Meituan-W (03690) received net purchases of HKD 67.23 million and HKD 14.62 million, respectively. Tencent (00700) was sold for a net amount of HKD 0.452 billion.