中国移动、工商银行、建设银行分别获净买入12.58亿港元、9.45亿港元、5.72亿港元；Track the latest dynamics of southbound capital.
On January 2, the net purchase by southbound funds today was 6.511 billion Hong Kong dollars.
Among them, the Hong Kong Stock Connect (Shanghai) had a net purchase of 6.625 billion Hong Kong dollars, while the Hong Kong Stock Connect (Shenzhen) had a net sale of 0.115 billion Hong Kong dollars.
CHINA MOBILE, Industrial And Commercial Bank Of China, and China Construction Bank Corporation had net purchases of 1.258 billion Hong Kong dollars, 0.945 billion Hong Kong dollars, and 0.572 billion Hong Kong dollars respectively; TRACKER FUND OF HONG KONG, Semiconductor Manufacturing International Corporation, and Meituan faced net sales of 1.452 billion Hong Kong dollars, 0.233 billion Hong Kong dollars, and 0.209 billion Hong Kong dollars respectively.
Northern funds focus on individual stocks.
CHINA MOBILE: GF SEC released a research report stating that the three major operators held work meetings for 2025, emphasizing the comprehensive strengthening of new infrastructure construction, continuing reform and innovation, and highlighting the importance of subsequent high-quality development. In 2024, the fundamentals of the operators are expected to bottom out, with a stable recovery likely in 2025. Investment opportunities in low-volatility, dividend-paying operators under abundant liquidity are continuously recommended.
Industrial And Commercial Bank Of China: Ping An Insurance Company of China, Ltd. announced that Ping An Life has commissioned Ping An Asset Management Co., Ltd. to invest in Industrial And Commercial Bank Of China H Shares, which will reach 15% of the total H Share capital of Industrial And Commercial Bank Of China by December 20, 2024, according to Hong Kong market rules, triggering a stake increase by Ping An Life.
Alibaba: Its subsidiary and New Retail have reached an agreement with DHH Capital to sell all their stakes in SUNART RETAIL, which accounts for approximately 78.7% of the total issued shares of SUNART RETAIL. According to the agreement, the Alibaba subsidiary and New Retail will have the right to receive a maximum amount of about 13.138 billion Hong Kong dollars for the shares to be sold, equivalent to 1.75 Hong Kong dollars per share. The announcement shows that Alibaba will continue to focus on its core business and enhance shareholder returns.
Xiaomi: Morgan Stanley published a research report indicating that Xiaomi's delivery volume of electric vehicles in 2024 will exceed 0.135 million units, surpassing its annual delivery target. Due to the monthly delivery volume exceeding 0.025 million units last December, the company has raised its 2025 delivery target to 0.3 million units, higher than the previous target of approximately 0.25 million units. The firm believes that the group will continue to enhance auto production capacity, so the shipment target for 2025 may be further increased.
