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Hong Kong stocks can't stop falling.
Will it be a safe haven for global capital?
Capital trend statistics for the Shenzhen-Hong Kong Stock Connect (T+2) on August 8th.
Capital trend of Smart Hong Kong Stock Connect | August 8th
Northbound funds trend: Northbound funds' net buy of 11.673 billion, domestic funds continue to increase their holdings of Hong Kong ETFs, rushing to buy tracker fund of Hong Kong with over 5.6 billion HKD.
On August 7th, in the Hong Kong stock market, Beishui's net purchase transaction was 116.73 billion Hong Kong dollars, of which the net purchase of the Hong Kong Stock Connect (Shanghai) was 6.64 billion Hong Kong dollars, and the net purchase of the Hong Kong Stock Connect (Shenzhen) was 5.033 billion Hong Kong dollars.
Haitong Sec's Q2 24 fund Hong Kong stock position analysis: increased positions in internet plus-related stocks and reduced positions in high dividend stocks.
In the second quarter of 24, public funds adjusted their investment strategies in the Hong Kong stock market, reducing their holdings in high dividend-paying sectors, especially in the energy and materials sectors with large gains in the previous period, while increasing their holdings in technology and financial real estate sectors, and reducing their holdings in pharmaceuticals, manufacturing, and the Csi Sws Food & Beverage Index sector.
Meituan sets its sights on small businesses like nail salons.
Explore the potential of the industry chain.
The investment rating of the bank: Morgan Stanley holds a relatively optimistic view on Meituan's core profitability and sets a target price of HKD 120.
Morgan Stanley released a report stating that considering the improvement of economic benefits for food delivery units and the recovery of in-store profits due to stable competition, they hold a relatively optimistic view of Meituan's core profitability and maintain a "synchronized with the market" rating. The target price is HKD 120. Barclays expects Meituan's Q2 local core business revenue to reach CNY 60.5 billion, an increase of 18% year-on-year; operating profit is CNY 12.8 billion, an increase of 15% year-on-year. Due to the continued narrowing of losses from new businesses, total revenue is expected to be CNY 81.3 billion, a year-on-year increase of 19.7%, with operating profit of CNY 10.8 billion under non-international financial reporting standards.
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