Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.

① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?

cls.cnDec 24 08:27 ET

Capital trends | Northbound funds have continuously purchased over 1.9 billion HKD of Industrial And Commercial Bank Of China for two consecutive days, and have increased their positions in Weimob for four consecutive days.

Today's net Buy of Hong Kong stocks is 5.227 billion HK dollars.

Gelonghui FinanceDec 24 05:13 ET

Major institutions rating丨HAITONG INT'L: WeChat Mini Stores have become an important closed loop in the WeChat e-commerce ecosystem. It is recommended to pay attention to Hangzhou Raycloud Technology Co.,Ltd, Weimeng, and Youzan.

HAITONG INT'L recently released a report stating that the "gift-giving" feature launched by WeChat, which is owned by Tencent, simplifies the gift-giving process and creates new growth channels for businesses. The institution believes that for users, the gift-giving feature is strongly social in nature and significantly enhances the convenience of giving gifts; for businesses, this feature broadens sales channels, increases visibility and success rates, and has a low entry barrier for merchants. HAITONG INT'L pointed out that e-commerce Saas (Software as a Service) and AI technology have rich application scenarios and growth potential. E-commerce Saas can serve the entire range of e-commerce scenarios and full chain businesses, including Commodity and store management, customer service.

Gelonghui FinanceDec 24 02:47 ET

Capital movements | Northbound funds sold more than 1.2 billion Hong Kong dollars worth of Meituan, while continuously buying more than 4 billion Hong Kong dollars worth of Tencent for two consecutive days.

Today, the net Buy of Hong Kong stocks is 2.65 billion Hong Kong dollars.

Gelonghui FinanceDec 23 06:57 ET

Express News | JPMorgan Chase & Co's Long Position in Weimob Decreases to 6.37% on Dec 17 From 7.41% - HKEX

ReutersDec 23 04:45 ET

CICC: Maintains WEIMOB INC "Outperform Industry" rating, Target Price raised to 2.8 HKD.

CITIC Securities released a research report stating that it has raised the Target Price for WEIMOB INC (02013) by 56% to HKD 2.8, considering the upward adjustment of industry valuation and the increased certainty of mid-term growth. The earnings forecasts for 2024 and 2025 remain unchanged, maintaining an "outperform industry" rating. On December 18, the WeChat mini-store launched a grayscale test of the "gift giving" feature. With the gradual increase in the activity of the WeChat e-commerce ecosystem, it is expected that WEIMOB, as a leading third-party service provider, will benefit.

Sina Hong Kong StocksDec 23 01:34 ET