[Last week review]
On September 9, Hong Kong stocks ushered in a long-lost rally. As of the close, the Hang Seng Index closed up 2.69%, the Hang Seng Technology Index rose 2.6%, biomedical, housing stocks and property management stocks rose the most; southbound funds sold a net 181 million Hong Kong dollars on the day.
() Hong Kong stocks ranked first in the southbound fund buying list, with a total net purchase of 453.50 million Hong Kong dollars; Li Auto ranked first in the southbound fund selling list, with a net sale of 196.70 million Hong Kong dollars.
[Capital flow]
During the year, 178 Hong Kong stock companies spent 52.30 billion Hong Kong dollars to repurchase, the scale has exceeded the whole of last year
According to Securities Daily, the number and scale of Hong Kong stock companies repurchasing shares this year far exceeded that of the same period last year. () iFind data shows that as of September 12, 178 Hong Kong stock listed companies have implemented share repurchase during the year, an increase of 32% year-on-year; the total amount of repurchase 52.30 billion Hong Kong dollars, an increase of 136% year-on-year, an increase of 13% over last year.
The emergence of tens of billions of "repurchase giants" is a major feature of the Hong Kong stock repurchase market this year. So far this year, Tencent Holdings and AIA have repurchased HK $15.60 billion and HK $15.10 billion respectively, while there are no HK $10 billion companies in the same period last year.
"Hong Kong stocks have experienced several rounds of repurchase waves, all of which occurred when the market has fallen sharply and the valuation has reached a low level. As the market and valuation further decline, the repurchase intensity of listed companies will continue to strengthen," Fu Rao, executive director of the Hong Kong International New Economy Research Institute, told the Securities Daily reporter.
According to Fu Rao’s analysis, most companies in industries such as discretionary consumption, healthcare and information technology have experienced deep stock price adjustments. Companies in these industries have strong profitability and have relatively abundant cash flow to implement repurchases. The fundamental trend is good, and it is also in line with the development direction of the new economy.
Industry experts believe that the move to buy back shows that the relevant companies’ share prices are undervalued, sending a signal of "bottoming out" and highlighting the value of medium and long-term investment.
"Hong Kong stocks are at the bottom of the value area, with a wave of repurchases emerging, and the market bottoming signal is prominent. Under this situation, the willingness of southbound funds to participate has increased, and the continuous net inflow of funds has increased the allocation of Hong Kong stocks, reflecting the long-term optimism about the value of Hong Kong stocks." Wang Weijia, general manager of Beijing Sunshine Tianhong Asset Management Company, analyzes this.
[Big coffee point of view]
The Hang Seng Index stabilized at 19,000 points, followed by a structural market
Yan Zhaojun, an analyst at Zhongtai International Strategy, said that the mainland’s PPI and CPI are both lower than expected, and inflation will not constrain the mainland’s monetary policy for the time being. Under the disturbance of repeated domestic epidemics, fluctuations in the pace of economic recovery and external overseas tightening pressure, the Hong Kong stock market will still face upward resistance in September.
On the other hand, including from the policy side, the better-than-expected performance of technology stocks, the resumption of repurchases of large blue-chip listed companies, and relatively low valuations, all provided downward protection for Hong Kong stocks, enabling Hong Kong stocks to adjust ahead of peripheral stock markets, buffering the impact of overseas liquidity tightening.
[Major announcement]
Ideal President Shen Yanan sold 1 million shares within 5 days, cashing out nearly 100 million yuan
According to the official website of the Hong Kong Stock Exchange, Li Auto President Shen Yanan has reduced his stake in Li Auto twice this year.
On September 2, Shen Yanan sold the ideal Hong Kong stock 400,000 shares, the average trading price was 13.2221 US dollars, the shareholding ratio was reduced from 1.74% to 1.71%, and 5.2888 million US dollars (equivalent to about 36.634 million yuan);
On September 6, Shen Yanan sold the ideal Hong Kong stock 600,000 shares, trading at an average price of 13.125 US dollars, the shareholding ratio fell from 1.71% to 1.68%, and the cash was 7.875 million US dollars (equivalent to about 54.547 million yuan).
Overall, within 5 days, Shen Yanan sold 1 million shares twice, cashing out 13.1638 million US dollars (equivalent to about 91.18 million yuan).
Evergrande Group: Make every effort to promote the full resumption of work on the building before September 30
According to Hengda Group’s official WeChat account, on September 12, Hengda Group held a weekly meeting to resume work and production and ensure the delivery of buildings.
Xu Jiayin said at the meeting that this year, all Hengda employees started work early on the sixth day of the new year, held weekly engineering conferences, and with the help of the government, overcame many difficulties and resumed work and production with remarkable results.
Xu Jiayin informed Evergrande of the resumption of work and production: "At present, there are 706 projects in the country, 668 projects have resumed work, and 38 projects have not resumed work. Companies in relevant regions are required to fully resume work before September 30.
Exposure Hengchi 5 will be mass-produced on September 16 and is expected to be delivered in October
Recently, an advertisement design for the mass production ceremony of Hengchi 5 has been circulating on the Internet. The banner states that the mass production time of Hengchi 5 is September 16.
In this regard, Hengda Automobile has not yet responded.
Hengchi 5, an all-electric A-class SUV, was officially launched for pre-sale on July 6 and is the most likely mass-produced model in Hengda’s plans. The car rolled off the production line at the Tianjin plant on January 12 this year, 12 days earlier than originally scheduled.
The car was originally scheduled to be mass-produced on June 22. Just one month before the mass production time, Evergrande Automobile announced that the mass production time was adjusted to September 20 due to the pandemic. If mass production is carried out according to the time of online pictures, it will be 4 days earlier than the original time.
Douyin’s growth has fallen into a bottleneck, and Oriental Selection has settled in Taobao.
In addition to Douyin, Oriental Selection may open up a new battlefield in Taobao.
A few days ago, according to the interface coverage, Oriental Selection opened two stores on Tao TV, namely "Oriental Selection" and "Oriental Selection Flagship Store". The number of fans exceeded 40,000 and 9,000 respectively.
On September 9, Interface Education went to Dongfang Selection for verification. As of press time, the other party has not replied. Among the Dongfang Selection Taobao fan group joined by Interface Education, the live stream link provided by the customer service is still the Douyin live stream.
[Financial data]
1. Sunny Optical Technology: Mobile phone lens shipments 92.574 million in August, down 26.2% year-on-year.
Dongfeng Group shares: 36,754 new energy vehicles were sold in August, an increase of 165.18% year-on-year.
3. Anshan Financial Holdings: The estimated annual net profit is not less than HK $30 million.
4. Guoco Group: Annual net profit fell 22% to HK $1.96 billion final interest of HK $1.5.
5. Macau Lijun: Interim loss narrowed to about HK $485.50 million resumed trading on the 13th.
6. TBKS HLDGS: Net profit is expected to be around RM11 million in FY2022.
7. Yuexiu Real Estate: The contract sales amount in August is about 8.128 billion yuan.
8. Longguang Group: The contract sales in the first 8 months are about 36.10 billion yuan.
9. Midea Real Estate: The contract sales amount in the first 8 months is about 53.51 billion yuan.
10. Sony Holding Group: The contract sales amount in the first 8 months is about 2.47 billion yuan.
11. R & F Real Estate: August sales revenue of 2.47 billion yuan rose by 30%.
12. Greenland Hong Kong: Contract sales of $10.15 billion in the first August.
13. Yuzhou Group: achieved cumulative sales of 26.473 billion yuan in the first 8 months.
14. China Aoyuan: 1-8 months cumulative property contract sales 17.25 billion yuan.
15. COFCO Jiakang: 262,000 pigs were slaughtered in August.
16. Datang New Energy: In August, the power generation capacity 1.9689 million MWh increased by 42.46% year-on-year.
17. Xintian Green Energy:: The power generation 800,800 MWh completed in August increased by 30.9% year-on-year.
18. Dragonair China Real Estate: Realized contract sales of 8.4003 billion yuan in the first 8 months.
19. Silver City International Holdings: Total contract sales in the first 8 months were 8.7663 billion yuan.
[Merger and sale]
1. Weigao shares: It is planned to acquire 100% equity of Weigao medical materials for 288 million yuan.
2. Parkson Group: Subsidiary plans to sell the Qingdao property for 280 million yuan.
3. Ping An Securities Group Holdings: It is proposed to sell all the shares of Ping An Securities and Harvest Insurance Brokers.
4. Junzhi Group: plans to acquire Jiangsu Yixing property for 43.68 million yuan.
[Issuance of rights issues]
1. Love Palace: The partnership managed by Zhuhai Hillhouse 225 million Hong Kong dollars to subscribe for the company’s convertible preference shares.
2. New Yaolai: It is proposed to place about 7% of the 538 million shares at a discount to raise about HK $49.10 million.
3. Guonong Financial Investment: It is proposed to discount about 15.97% of the maximum placement 125 million shares and raise a net 12.20 million Hong Kong dollars.
4. Smart City Development Holdings: It is proposed to place approximately 16.67% of the 40 million shares at a discount to raise approximately HK $30.775 million.
[Investment and Operation]
1. Chengdu Expressway: plans to apply for class A share issuance and list on the Shanghai Stock Exchange.
2. Caixun Media: Affiliated Xingyi Century will continue to exclusively operate all Taobao and Douyin accounts of Galaxy Stars.
3. CSPC: "TG103 Injection" has been approved for clinical trials in the treatment of Alzheimer’s disease.
4. CSPC: "TG103 Injection" for the treatment of non-alcoholic steatohepatitis has been approved in clinical trials.
5 (): The new dry suspension production line of the holding subsidiary has passed the GMP compliance inspection.
6. Silver City International Holdings: The project company has advanced the maximum amount of surplus funds of approximately 1.938 billion yuan to the non-controlling shareholders.
7 (): Subscribe 3 billion yuan structured deposit products.
[Repurchase and Cancellation]
1. Tencent Holdings: On September 9, it cost 353 million Hong Kong dollars to buy back 1.15 million shares.
2 (): On September 9, it cost 149 million Hong Kong dollars to buy back 13.1695 million shares.
3. AIA: On September 9, it cost 178 million Hong Kong dollars to buy back 2.40 million shares.
4. Xiaomi Group-W: On September 9, it cost 24.87 million Hong Kong dollars to buy back 2.30 million shares.
5. Swire Pacific A: Purchased 418,500 shares at a cost of HK $2317.97 million on September 9.
6. Mingyuanyun: On September 9, it cost 16.18 million Hong Kong dollars to buy back 2.804 million shares.
7. Shell-W: On September 8, it cost about $7 million to buy back 1.2182 million shares.
8. Zhongsheng Holdings: On September 9, it cost 11.7967 million Hong Kong dollars to buy back 328,000 shares.
Standard Chartered Group: On September 8, it cost 8.806 million pounds to buy back 1.501 million shares.
10. ASMPT: Purchased 109,000 shares at a cost of HK $6.5353 million on September 9.
11. Health International Medical: On September 9, it cost 3.7229 million Hong Kong dollars to buy back 7.30 million shares.
12. China Feihe: On September 9, it cost 6.0069 million Hong Kong dollars to buy back 1 million shares.
13. China Software International: On September 9, it cost 5.9251 million Hong Kong dollars to buy back 1 million shares.
[Equity Incentive]
1. Love Palace: Grant 30 million bonus shares to Zhu Yufei’s contact person according to the reward agreement.
2. Okonvision Bio-B: Grant 13.06 million share options and 10.763 million bonus shares.
3. Cerberus International Holdings: Grant 120 million share options.