<Midday Update> HSI Falls 272 Points; HSTI Declines by 96 Points; BABA Drops More Than 4%; CHINAHONGQIAO, CHINA LIFE, NANSHAN AL INTL, ND PAPER, CMOC Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 272 points (1.0%) to 26,438, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.7% and 1.1%, respectively.
Active Heavyweights: Major stocks like Alibaba, Meituan, Tencent, and Xiaomi saw significant drops, with Alibaba down 4% and Tencent down nearly 2%, amidst high short selling ratios.
Gainers in the Market: Wuxi Apptec and Chinahongqiao were among the notable gainers, with Wuxi Apptec rising 3.97% and Chinahongqiao hitting a new high with a 3.8% increase.
Notable Movers: Nanshan Al Intl and TYK Medicines-B experienced substantial gains, with Nanshan Al Intl up 14.5% and TYK Medicines-B up 11.1%, both reaching new highs.
Trade with 70% Backtested Accuracy
Analyst Views on 00700
About the author
TRACKER FUND Sees HKD13.6B Net Outflow in Southbound Trading
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows of HKD3.6 billion, while BABA-W (09988.HK) and YOFC (06869.HK) also experienced notable increases in their stock prices.
Southbound Trading Outflows: The TRACKER FUND (02800.HK) faced substantial net outflows totaling HKD13.6 billion, with HSCEI ETF (02828.HK) and CSOP HS TECH (03033.HK) also showing significant short selling activity.
Market Activity: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with the highest net inflow, while the TRACKER FUND recorded the highest net outflow in both markets.
Overall Trading Summary: At market close, Southbound Trading net outflow was zero, accounting for 45.88% of the total transaction amount of HKD151.83 billion.
Short Selling Activity Reaches $52.3B, Representing 18.3% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $52.3 billion, accounting for 18.3% of the eligible securities turnover, a decrease from 25.6% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND, TENCENT, CSOP HS TECH, BABA-W, and HSCEI ETF, with short selling ratios ranging from 14.98% to 23.27%.
TRACKER FUND Performance: TRACKER FUND (02800.HK) had the highest short selling amount at $7.29 billion, with a short selling ratio of 19.6%.
TENCENT and Others: TENCENT (00700.HK) followed with a short selling amount of $4.78 billion and a ratio of 15.2%, while other notable stocks also showed significant short selling activity.
HSI Rises by 551 Points; TENCENT Jumps Over 7%; MINIMAX-WP Soars 22%
Market Performance: The HSI rose by 2.2% to close at 25,959, with significant gains in tech stocks, including MINIMAX-WP and KNOWLEDGE ATLAS, which surged 22.4% and 12.9% respectively.
Short Selling Trends: Notable short selling activity was observed in various stocks, with TENCENT and BABA-W experiencing high short selling ratios of 15.2% and 20.2%, respectively.
Chip and Battery Stocks: Chip stocks like ILUVATAR COREX and BIREN TECH saw substantial increases of 30.2% and 9.3%, while battery stock CATL rallied 9.3% following a strong profit forecast.
Carmakers' Performance: Carmakers BYD and XIAOMI experienced slight declines of 1.1% and 0.2%, contrasting with the overall positive market trend.
<Study>Analyst Ratings and Target Prices for TENCENT (00700.HK) (Table)
Investment Ratings Overview: TENCENT (00700.HK) has received investment ratings from 15 brokers, with most recommending a "Buy" or "Outperform" status.
Target Prices: The target prices for TENCENT range from HK$700 to HK$825, with BNP Paribas setting the highest target at HK$825.
<Daily Summary> HSI Gains 551 Points; HSTI Rises 118 Points; TENCENT Surges Over 7%; BABA Increases Over 3%; XUNCE, HAIXI PHARMA, AB&B BIO-TECH-B, JIAXIN INTL RES, LINGBAOGOLD-100 Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 551 points (2.2%) to close at 25,959, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $330.93 billion.
Top Gainers: Notable heavyweights like Tencent and Alibaba saw substantial increases, with Tencent up 7.3% and Alibaba up 3.7%, while CATL led the HSI constituents with a 9.3% rise.
Active Stocks: Other active stocks included SMIC and AIA, which rose by 5.5% and 4.7% respectively, while Xiaomi experienced a slight decline of 0.2%.
Significant Movers: Among smaller stocks, QUANTGROUP and XUNCE had remarkable gains of 34.3% and 32.9%, respectively, while DEEPEXI TECH faced a significant drop of 17.9%.
Analysts Predict TENCENT's Adjusted Net Profit for Q4 2025 to Rise Over 16%; Emphasis on AI Strategy and Investment Plans
Earnings Announcement: TENCENT is set to announce its 4Q25 results on Thursday, with forecasts indicating a non-IFRS net profit growth of 10.6-18.6% YoY, reaching between RMB61.16-65.606 billion.
Market Focus: Investors are keen to hear about TENCENT's AI strategy, budget, and capital expenditures, as well as insights on the macroeconomic outlook, regulatory environment, and performance across various sectors including e-commerce and advertising.
TRACKER FUND Sees HKD13.6B Net Outflow in Southbound Trading
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows of HKD3.6 billion, while BABA-W (09988.HK) and YOFC (06869.HK) also experienced notable increases in their stock prices.
Southbound Trading Outflows: The TRACKER FUND (02800.HK) faced substantial net outflows totaling HKD13.6 billion, with HSCEI ETF (02828.HK) and CSOP HS TECH (03033.HK) also showing significant short selling activity.
Market Activity: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with the highest net inflow, while the TRACKER FUND recorded the highest net outflow in both markets.
Overall Trading Summary: At market close, Southbound Trading net outflow was zero, accounting for 45.88% of the total transaction amount of HKD151.83 billion.
Short Selling Activity Reaches $52.3B, Representing 18.3% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $52.3 billion, accounting for 18.3% of the eligible securities turnover, a decrease from 25.6% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND, TENCENT, CSOP HS TECH, BABA-W, and HSCEI ETF, with short selling ratios ranging from 14.98% to 23.27%.
TRACKER FUND Performance: TRACKER FUND (02800.HK) had the highest short selling amount at $7.29 billion, with a short selling ratio of 19.6%.
TENCENT and Others: TENCENT (00700.HK) followed with a short selling amount of $4.78 billion and a ratio of 15.2%, while other notable stocks also showed significant short selling activity.
HSI Rises by 551 Points; TENCENT Jumps Over 7%; MINIMAX-WP Soars 22%
Market Performance: The HSI rose by 2.2% to close at 25,959, with significant gains in tech stocks, including MINIMAX-WP and KNOWLEDGE ATLAS, which surged 22.4% and 12.9% respectively.
Short Selling Trends: Notable short selling activity was observed in various stocks, with TENCENT and BABA-W experiencing high short selling ratios of 15.2% and 20.2%, respectively.
Chip and Battery Stocks: Chip stocks like ILUVATAR COREX and BIREN TECH saw substantial increases of 30.2% and 9.3%, while battery stock CATL rallied 9.3% following a strong profit forecast.
Carmakers' Performance: Carmakers BYD and XIAOMI experienced slight declines of 1.1% and 0.2%, contrasting with the overall positive market trend.
<Study>Analyst Ratings and Target Prices for TENCENT (00700.HK) (Table)
Investment Ratings Overview: TENCENT (00700.HK) has received investment ratings from 15 brokers, with most recommending a "Buy" or "Outperform" status.
Target Prices: The target prices for TENCENT range from HK$700 to HK$825, with BNP Paribas setting the highest target at HK$825.
<Daily Summary> HSI Gains 551 Points; HSTI Rises 118 Points; TENCENT Surges Over 7%; BABA Increases Over 3%; XUNCE, HAIXI PHARMA, AB&B BIO-TECH-B, JIAXIN INTL RES, LINGBAOGOLD-100 Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 551 points (2.2%) to close at 25,959, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $330.93 billion.
Top Gainers: Notable heavyweights like Tencent and Alibaba saw substantial increases, with Tencent up 7.3% and Alibaba up 3.7%, while CATL led the HSI constituents with a 9.3% rise.
Active Stocks: Other active stocks included SMIC and AIA, which rose by 5.5% and 4.7% respectively, while Xiaomi experienced a slight decline of 0.2%.
Significant Movers: Among smaller stocks, QUANTGROUP and XUNCE had remarkable gains of 34.3% and 32.9%, respectively, while DEEPEXI TECH faced a significant drop of 17.9%.
Analysts Predict TENCENT's Adjusted Net Profit for Q4 2025 to Rise Over 16%; Emphasis on AI Strategy and Investment Plans
Earnings Announcement: TENCENT is set to announce its 4Q25 results on Thursday, with forecasts indicating a non-IFRS net profit growth of 10.6-18.6% YoY, reaching between RMB61.16-65.606 billion.
Market Focus: Investors are keen to hear about TENCENT's AI strategy, budget, and capital expenditures, as well as insights on the macroeconomic outlook, regulatory environment, and performance across various sectors including e-commerce and advertising.
