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CICC: The proportion of hold positions in consumer stocks in Hong Kong for the third quarter of 2024 has increased significantly, with alibaba-W receiving much attention after its inclusion.
China International Capital Corporation released a research report stating that in Q3 2024, the total scale of public fund holdings in Hong Kong stocks has significantly increased, and the proportion of southbound transactions has also risen, but this is not due to active shareholding. In the segmented industry, alibaba-W entered the Hong Kong Stock Connect in September, and the holding ratio in the consumer discretionary sector has increased the most. At the same time, the new economy sectors such as consumer services, pharmaceuticals, and biotechnology also saw significant increases. On the individual stock level, alibaba-W (09988) has been quite favored after entering the connect, and public funds have also increased their holdings in technology leaders like Tencent (00700), while CNOOC (00883) and china mobile (00941) saw a noticeable decline. In terms of heavy holdings.
Research Reports Deep Dive | CICC Securities: China Shenhua Energy's long-term growth potential is promising, maintaining a "buy" rating.
Changjiang Securities' research report indicates that china shenhua energy's (601088.SH) third quarter performance exceeded expectations compared to the previous quarter, primarily due to a reduction in coal costs and a significant increase in electricity generation. Considering that the company's new Xiejie No. 1 and No. 2 well projects, totaling 16 million tons/year, are expected to be put into production in 2027-2028, the gradual implementation of coal power projects under construction, the commencement of the 0.75 million tons/year coal-to-olefins project, and the steady progress of the 0.3 billion ton capacity expansion project of the Shan Shuo Railway and the 0.45 billion ton capacity upgrade project of the Shuo Huang Railway, the company's medium to long-term growth prospects are promising. Maintain 'buy' rating.
Market cap management boost + demand release, the value of the coal sector is highlighted.
Prepare for the peak and embrace the winter.
Hong Kong stocks midday report | Hang Seng Index rose 1.18% in the morning, market cap management guidelines driving valuation repair of central state-owned enterprises.
China Securities Regulatory Commission released the official draft of "Listed Company Supervision Guideline No. 10 - Market Cap Management", with certain optimized adjustments in terms of system disclosure, long-term companies trading below net asset value, index selection, regulatory measures, and other aspects.
Citic Securities: Market cap management guidelines released, coal sector expected to benefit.
The leading company in the coal industry has more stable performance and is also a component stock of major indices, therefore benefiting more significantly. In addition, some undervalued and net asset value companies are also worth paying attention to.
Hong Kong Stock Announcement: Alibaba-W's net income for the second quarter was 43.547 billion yuan, a year-on-year increase of 63%. Gaode's peak daily active users exceeded 0.3 billion, reaching a historical high.
Alibaba-W (09988) released its interim results, with a net income attributable to ordinary shareholders of 68.143 billion yuan, an increase of 9.84% year-on-year; Lenovo Group (00992) achieved multiple new records in the first half of the year, with a profit attributable to equity holders of 0.602 billion US dollars, a 41% year-on-year increase.
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