Northbound investors sold over 0.9 billion Hong Kong dollars of China Mobile, while southbound investors increased their holdings in home appliance stocks against the trend.
Track the latest trends of north-south directional funds.
Northbound funds| Net buying of 8.773 billion yuan, domestic funds rushing to buy tracker fund of Hong Kong (02800) for over 6 billion Hong Kong dollars, selling high dividend stocks all day.
On July 26th, the Hong Kong stock market had a net purchase of HKD 8.773 billion in Beishui, including a net purchase of HKD 4.881 billion in the Hong Kong Stock Connect (Shanghai) and a net purchase of HKD 3.892 billion in the Hong Kong Stock Connect (Shenzhen).
Chinese telecommunications and financial stocks are under pressure, and the Hang Seng Index is struggling to stay above the 17,000 mark.
On Thursday, the offshore RMB/USD exchange rate rose to around 7.2000, the strongest in two and a half months. After the Hong Kong stock market fell by 630 points in three days, it rebounded by more than 200 points this morning before falling back, eventually rising 28 points or 0.17% to 17,033 points for the half-day; the national index fell 4 points or 0.1% to 6,012 points; the Hang Seng Tech Index rose 22 points or 0.7% to 3,443 points. The technology index remained stable in the afternoon, with the best performing stock being Haier Smart Home (06690), up 5.7%. The central government's policy of subsidizing old-for-new appliances continues to stimulate home appliance stocks, such as JD.com (09618).
Hong Kong stock concept tracking: The launch ceremony of the first batch of G60 networked satellites will be held in Taiyuan on August 5th. There are huge industrial opportunities for commercial satellites (attached concept stocks).
According to the plan, the first phase will launch 1,296 satellites (by 2027), and in the future, it will build a network of more than 0.014 million low-orbit wideband multimedia satellites.
HK stocks fluctuate | Telecommunication sector has been declining for two consecutive days, high dividend style is significantly pulling back, institutions state that the disturbance of the central bank on the yield curve affects the logic of high dividen
Telecommunication sector has been continuously declining for two days. As of publication, China United Network Communications (00762) fell by 5.19%, closing at HKD 6.76; China Telecom (00728) fell by 3.64%, closing at HKD 4.5; China Mobile (00941) fell by 2.41%, closing at HKD 72.95.
Hong Kong stocks are volatile. Telecommunication sector fell collectively while the central bank's actions disrupted the yield curve. Institutions believe that this will have a certain impact on high dividend investments.
Today, the telecommunication sector experienced a collective decline. As of press time, China United Network Communications (00762) fell 3.75% to HKD 7.18; China Telecom (00728) fell 2.92% to HKD 4.66; China Mobile (00941) fell 0.79% to HKD 74.9.
Northbound funds | Northbound funds added positions of China mainland banking! Sold Meituan for over HKD 0.6 billion; Southbound funds reduced their positions in Moutai by over CNY 0.4 billion.
Track the latest trends of north-south directional funds.
A new batch of state-owned enterprise themed index ETFs has been approved.
Recently, a new batch of state-owned enterprise themed index etfs have been approved one after another.
Hong Kong stock concept tracking | AI will usher in important catalysts, domestic computing power will accelerate development period (with concept stocks).
The meeting emphasized the continuous breakthrough of xinxingchanye (emerging industries), the strategic development of global strategy (strategic) emerging industries and future industry development, the continuous promotion of industrial high-end, asia vets (intelligent), and green development, and the comprehensive implementation of the "AI+" special action.
Nomura: Raises target price for China Mobile to HKD 89, maintains "buy" rating.
Nomura released a research report stating that China Mobile (00941) is still a core defensive stock. Although its income growth may slow down in the second quarter of 2024, the company has a strong balance sheet and cash position that may support its dividend payments, thus bringing sustainable high unit dividend yields. Its Hong Kong stock target price has been raised from HKD 79 to HKD 89, maintaining a "buy" rating.
Nomura: Raised target price of China Mobile (00941) to HKD 89, maintaining a "buy" rating.
Nomura predicts that China Mobile will achieve low single-digit service revenue growth, which is in line with the industry average.
China Mobile's 5G Customers Reach Over 514 Million in June
China Mobile (0941) added a net 1.816 million mobile business subscribers in June through the Hong Kong Stock Connect program.
Jingu News | China Mobile (00941) announced that the total number of mobile business customers in June was 1 billion, with a net increase of 1.816 million households in the same month, and a net increase of 9.256 million households for the year. The number of 5G network customers is 0.514 billion households. The total number of wired broadband business customers is 0.309 billion households, of which the net increase for the month is 1.651 million households, and the net increase for the year is 10.926 million households.
China Mobile: The total number of mobile business customers in June has reached 1 billion households.
China Mobile (00941.HK) released customer data for June 2024. In terms of mobile business, the total number of customers reached 1.000256 billion households, with a net increase of 1.816 million households this month and a net increase of 9.256 million households this year. The number of 5G network customers reached 514.218 million households. In terms of wired broadband business, the total number of customers reached 309.172 million households, with a net increase of 1.65 million households this month and a net increase of 10.926 million households this year.
Express News | China Mobile - 2024 Mobile Business Cumulative Net Additional Customers 9.3 Mln
Express News | China Mobile - June Mobile Business Total Customers 1.00 Bln
Express News | China Mobile - June Net Additional Customers for Mobile Business 1.8 Mln
Express News | China Mobile - June 5G Network Customers 514 .2 Mln
Nomura Adjusts China Mobile's Price Target to HK$89 From HK$79, Keeps at Buy
Capital trend statistics for the Shenzhou Tong on July 19th (T+2).
Capital trend for Smart Hong Kong Stock Connect | 19 July
No Data