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Far exceeding the whole year of last year! The Hong Kong stock buyback wave continues, what impact does it have?
Since the beginning of this year, the buyback scale in the Hong Kong stock market has increased significantly. The total repurchase amount has exceeded 180 billion Hong Kong dollars, while the total buyback amount for the whole of last year was over 120 billion Hong Kong dollars.
Futu Morning News | Fed officials' dovish tone: Economic data support multiple rate cuts; Tesla's two-day cumulative increase of 9%! FSD is expected to be launched in China and Europe next year.
On the eve of the release of the key employment report in the USA, the ADP non-farm payrolls reached the lowest level since January 2021, while initial claims remain stable. Yellen: The labor market in the USA is still robust and continues to create employment opportunities. The Federal Reserve should not delay any longer! Economists at Morgan Stanley have changed their stance: there must be a major move in September.
Hong Kong stock opportunity tracking | Hong Kong Exchange may suspend trading all day today; "Carrier-level" broker is coming! GTJA and Haitong Sec will merge and reorganize.
Nio Inc: In the second quarter, revenue increased by 98.9% year-on-year, and the loss narrowed significantly by 16.7% year-on-year; Greentown China's sales in the first 8 months exceeded 160 billion yuan; SHK PPT's profit dropped by approximately 20% in the last fiscal year.
The tracker fund of Hong Kong had a net outflow of 1.607 billion Hong Kong dollars.
There was a net inflow of 0.25 billion Hong Kong dollars and 70.94 million Hong Kong dollars into Industrial and Commercial Bank of China (01398.HK) and Meituan (03690.HK) respectively. There was a net outflow of 1.607 billion Hong Kong dollars, 0.832 billion Hong Kong dollars, and 0.316 billion Hong Kong dollars from Tracker Fund of Hong Kong (02800.HK), Heng Seng Tech (03033.HK), and CNOOC (00883.HK) respectively. The highest net inflow of funds through the Hong Kong Stock Connect (Shanghai) was 0.16 billion Hong Kong dollars into Meituan (03690.HK), while the highest net outflow of funds was 12.53 billion Hong Kong dollars from Tracker Fund of Hong Kong (02800.HK).
Express News | Meituan: On September 5th, it spent approximately 0.498 billion Hong Kong dollars to repurchase 4.184 million shares.
Da Hua Ji Xian will include companies such as AIA, China Overseas, Silver Entertainment, and Meituan in the "buy" list, with a "sell" rating as the ideal.
Dahua Jixian published a research report stating that the MSCI China Index rose 0.8% in August, compared to a 3.7% increase in the Hang Seng Index. This is due to the former being dragged down by weak performances in utilities, materials, and consumer goods. Looking ahead, the bank believes that the market has already reflected the expectation of a rate cut by the Federal Reserve in September, and that interest rate-sensitive industries are unlikely to perform well. The bank will be recommending AIA (01299.HK), China Overseas (00688.HK), Galaxy Entertainment (00027.HK), Meituan (03690.HK), Ping An Insurance (02318.HK), and United Lab (03933.