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Northbound funds| Net buying of 6.635 billion Hong Kong stock ETFs, Tencent (00700) received shareholding of more than 0.8 billion Hong Kong dollars after its performance.
On August 15th, the Hong Kong stock market saw a net buy of HK$6.635 billion by northbound investors, with a net buy of HK$4.474 billion for the Shanghai-Hong Kong Stock Connect and HK$2.161 billion for the Shenzhen-Hong Kong Stock Connect.
Hong Kong stocks closed (08.15) with a slight drop of 0.02% in the Hang Seng Index. Network technology stocks performed weakly, while coal, pharmaceutical, and financial stocks were active.
July's important economic data has been released, and Hong Kong stocks opened low and then rose, with the Hengkang index rising more than 1% at one point. The afternoon saw a gradual narrowing of the increase, with the Hang Seng Index and the Hengkang Index turning green one after the other.
China Shenhua Energy rose more than 3% in early trading. Institutions believe that there may still be room for improvement in dividend payout ratio in the future.
China Shenhua Energy (01088) rose 2.78% in early trading, with the current price at HKD 33.40 and a turnover of HKD 0.368 billion. Open Source Securities' research report pointed out that as a leading state-owned enterprise in the coal industry, China Shenhua has strong profitability with high proportion of annual long-term coal contracts and integrated operation mode of 'coal-electricity-chemicals-ports'. In addition, it has sustained high dividends and potential increment in coal and electricity sector, indicating an elevated valuation level in the future.
Hong Kong stocks fluctuate | Coal industrial concept continues to rebound recently, sector valuation reshaping is in progress, institutions say the industry will maintain tight balance in the next few years.
Coal industry stocks continued their recent rebound, as of press time, China Shenhua Energy (01088) rose 3.69%, to HKD 33.7; Mongol Mining (00975) rose 3.61%, to HKD 7.75; China Coal Energy (01898) rose 2.47%, to HKD 8.7; Yankuang Energy (01171) fell 1.51%, to HKD 10.08.
Hong Kong Shares Fall 0.5%, Weighed by Health, Consumer Stocks -- Market Talk
China Shenhua Energy (01088) rose 2.62% against the market, with coal sales in July up 5.3% year-on-year through the Hong Kong stock connect.
Jingu Finance | China Shenhua (01088) rose against the market in early trading. As of press time, it rose by 2.62%, to HKD 33.35, with a turnover of HKD 67.2381 million. The company announced recently that the commodity coal production in 2024 was 26.8 million tons, the same as last year, and coal sales volume was 40 million tons, a year-on-year increase of 5.3%. Huanghua Port's loading volume was 16.7 million tons, a year-on-year decrease of 13%. Shipping freight volume was 11.2 million tons, a year-on-year decrease of 14.5%.
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