Data reveals | What did Northern funds buy in November? They crazily invested nearly 10.6 billion Hong Kong dollars in Alibaba and increased their holdings in Tencent by nearly 8 billion Hong Kong dollars.
In November, Southbound funds "fiercely attacked" Hong Kong stocks, with a cumulative net buy amount of over 120 billion Hong Kong dollars, hitting a new high in nearly three years.
Capital flows | Beishui net purchased 3.278 billion Hong Kong dollars in Hong Kong stocks, continuously increasing its position in china mobile for 5 consecutive days.
Track the latest trends of southbound funds.
In "The Big Line," China International raised the rating of the telecommunications industry in China to "shareholding" with improved earnings visibility.
Ckh Holdings published a report stating that the Ministry of Industry and Information Technology's October 2024 monthly report will be released on November 27, showing a stable year-on-year increase of 2.1% in total revenue from telecommunication services for October, with new business growing by 4.2% year-on-year. The bank has upgraded the rating of the telecommunication services industry from 'neutral' to 'shareholding', even though the PE bases of all major telecommunication companies are at +1 standard deviation. The reason is the predictability of telecommunication companies' profit growth and stable dividend yields, which is ideal in the current market conditions; efforts to reduce local government debt will help reignite cloud/AI infrastructure spending and validate the role of telecommunication companies.
Express News | Huanxin Gas Group signed a strategic cooperation framework agreement with Shanxi China Mobile.
Express News | Huawei and Peking Mobile won the GLOTEL Awards AI Highly Recommended Award.
Express News | PetroChina announced the launch of the 70 billion-parameter Kunlun large model.