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JPMorgan increased its shareholding in MEITUAN-W (03690) by approximately 6.4232 million shares at a price of about 150.34 Hong Kong dollars per share.
On January 2, JPMorgan increased its Shareholding in MEITUAN-W (03690) by 6.423239 million shares, at a price of HKD 150.3388 per share, with a total amount of approximately HKD 0.966 billion.
The net Inflow for Tencent via the Hong Kong Stock Connect is 8.496 billion Hong Kong dollars.
The net inflow of northbound funds to Tencent (00700.HK), TRACKER FUND OF HONG KONG (02800.HK), and China Mobile (00941.HK) reached 8.496 billion HKD, 1.924 billion HKD, and 0.498 billion HKD respectively. The net outflow of northbound funds from Meituan (03690.HK) totaled 0.779 billion HKD. The highest net capital inflow among active stocks in SH->HK Connect was Tencent (00700.HK) at 5.329 billion HKD, while the highest net capital outflow was from Meituan (03690.HK) at 0.648 billion HKD. The highest net capital inflow among active stocks in SZ->HK Connect was Tencent (00
Hong Kong Stocks Mark Three-Day Losing Streak on Worries Over Strong US Labor Market
Hong Kong market quick look | Hong Kong stocks narrowed in losses in the afternoon, the Hang Seng Index fell nearly 1%; tech and Apple Supplier stocks declined, SUNNY OPTICAL dropped over 7%, Xiaomi fell nearly 4%; Weichai Power surged over 11%.
Network Technology stocks weakened, XIAOMI-W fell 3.95%, NTES-S rose 2.98%; Coal Industrial Concept stocks weakened, YANKUANG ENERGY fell 4.73%, KINETIC DEV fell 3.94%; Many Mobile Game stocks declined, INFINITIES TECH rose 10.00%, BOYAA fell 8.88%;
Morgan Stanley's investment rating and target price for Chinese Network Technology stocks (table)
Morgan Stanley released a report stating that it has updated the investment ratings and Target Prices for Chinese Network Technology stocks: Stock │ Investment Rating │ Target Price Tencent (00700.HK) │ Shareholding │ HKD 570 Trip.com (TCOM.US) │ Shareholding │ USD 81 MEITUAN-W (03690.HK) │ Shareholding │ HKD 200 TONGCHENGTRAVEL (00780.HK) │ Shareholding │ HKD 25 NetEase (NTES.US) │ Shareholding │ USD 108 Full Truck (YMM.US) │ Shareholding │ USD 10 New Oriental (EDU.US) │ Shareholding │ USD 83 PDD Holdings
Morgan Stanley: Chinese Network Technology stocks face internal and external uncertainties this year, with Tencent (00700.HK) as the top pick.
Morgan Stanley published its outlook report on Chinese Network Technology stocks for this year, indicating that the Industry may face both external (tariffs, sanctions) and internal (policies, competition) uncertainties. The firm expects Network Technology companies to expand into AI, increase overseas Business expansion, and focus on capital returns, naming Tencent (00700.HK) as the top choice in the Industry. They assigned a 'Shareholding' rating to Trip.com (TCOM.US) and Meituan (03690.HK); they provided a 'Market Perform' investment rating for Alibaba (BABA.US), JD.com (JD.US), Kuaishou (01024.HK), and Baidu (BIDU.US). The firm indicated according to detailed...