SUNAC Stock Forum

There was HKD113.9 million, HKD50.4 million and HKD2.8 million Southbound Trading net inflow to $TENCENT(00700.HK)$ , $SUNAC(01918.HK)$ and $CHINA MOBILE(00941.HK)$ .
There was HKD449.5 million, HKD65.2 million and HKD45.9 million Southbound Trading net outflow from $XPENG-W(09868.HK)$ , $CHINA VANKE(02202.HK)$ and $CNOOC(00883.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , $BANK OF CHINA(03988.HK)$ was the most a...

China's Jan-Apr realestate development investment fell by 9.8% y/y to 3.1 trillion yuan.
Residential housing sales areas tumbled 20.2% y/y to 2.26 trillion square meters, and the total sales plummeted by 28.3% y/y to 2.8 trillion yuan.
Developing funds in place fell 24.9% y/y to 3.4 trillion yuan.
Sentiment 92.0
$CHINA VANKE(02202.HK)$ $VANKE OVERSEAS(01036.HK)$ $CHINA VA POFF-D(44012.HK)$ $SUNAC(01918.HK)$ $SUNAC SERVICES(01516.HK)$ $COUNTRY GARDEN(02007.HK)$

$Hang Seng Index(800000.HK)$ climbed 303 points or 1.6% to 19,376 at midday. $Hang Seng China Enterprises Index(800100.HK)$ gained 122 points or 1.8% to 6,864. $Hang Seng TECH Index(800700.HK)$ hiked 42 points or 1.1% to 4,084. Total half-day turnover for the market amounted to $114.256 billion.
$TENCENT(00700.HK)$ 's 1Q24 non-IFRS net profit hiked 54% YoY, beating forecasts, and its share price advanced 4.2% to $397.8.
$BABA-SW(09988.HK)$ shed 2.4%...

$Hang Seng Index(800000.HK)$ slid 165 points or 0.9% to close at 18,313. $Hang Seng China Enterprises Index(800100.HK)$ fell 69 points or 1.1% to close at 6,456. $Hang Seng TECH Index(800700.HK)$ lost 50 points or 1.3% to close at 3,872. Total market turnover for the day amounted to $128.655 billion.
The sales volume of China's top 100 real estate companies fell 13% MoM in April. Chinese developers took the lead to decline. $KWG GROUP(01813.HK)$ and $AGILE GROUP(03383.HK)$ plummeted...

$BYD COMPANY(01211.HK)$ and $LI AUTO-W(02015.HK)$ escalating 4.4% and 5.8%, $LEAPMOTOR(09863.HK)$ and $XPENG-W(09868.HK)$ spiking more than 8%, and $NIO-SW(09866.HK)$ rallying 7.2%. Auto agent $ZHONGSHENG HLDG(00881.HK)$ hiked 6.5%.
Domestic property stocks remained sought after. $LONGFOR GROUP(00960.HK)$ , $CIFI HOLD GP(00884.HK)$ , $GREENTOWN CHINA(03900.HK)$ , $KWG GROUP(01813.HK)$ and $SUNAC(01918.HK)$ rocke...

1. Alibaba Cuts Stakes to Raise Cash amid Regulatory Landscape
- Alibaba plans to sell 25 million Xpeng Inc. shares, raising $391 million, reducing its stake from 10.2% to 7.5%.
- It also trims GOGOX stake by 4.7 million shares, decreasing Alibaba's stake to 10.42%.
- China's State Council announces stricter rules for non-bank payment institutions effective May 1, 2024.
- Regulatory uncertainties may delay Ant Group's spin-off.
$BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $XPeng(XPEV.US)$ $XPENG-W(09868.HK)$ $GOGOX(02246.HK)$
...

There was HKD227.2 million, HKD159.4 million and HKD124.3 million Southbound Trading net inflow to $CNOOC(00883.HK)$ , $MEITUAN-W(03690.HK)$ and $EAST BUY(01797.HK)$ .
There was HKD1.8 billion, HKD242.3 million and HKD24.1 million Southbound Trading net outflow from $TENCENT(00700.HK)$ , $XIAOMI-W(01810.HK)$ and $SUNAC(01918.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , $CNOOC(00883.HK)$ was the most...

At close, $Hang Seng Index(800000.HK)$ rose 390 pts or 2.4% to 16,792. $Hang Seng TECH Index(800700.HK)$ rose 82 pts or 2.2% to 3,780. $Hang Seng China Enterprises Index(800100.HK)$ gained 126 pts or 2.3% to 5,700. Market turnover reached $136.26 billion.
Active Heavyweights:
$HKEX(00388.HK)$ closed at $259.8, up 4.4%
$MEITUAN-W(03690.HK)$ closed at $84.95, up 3.9%
$AIA(01299.HK)$ closed at $67.9, up 3.9%
$BABA-SW(09988.HK)$ clo...