Daiwa Reveals Preferred Stocks in Hong Kong Market (Table)
Stock Performance: TENCENT saw a notable increase of 2.306%, while SHENZHOU INTL and BABA-W also experienced gains of 1.536% and 1.530%, respectively.
Short Selling Data: TENCENT had a short selling amount of $529.35M with a ratio of 8.541%, while SHENZHOU INTL had a significantly higher short selling ratio of 35.574% at $62.89M.
Declines in Other Stocks: WEICHAI POWER, MIDEA GP, and HENGRUI PHARMA experienced slight declines, with MIDEA GP dropping by 0.775%.
Market Overview: The report includes delayed quotes for HK stocks and mentions that the short selling data is as of January 28, 2026, indicating a focus on real-time market analysis.
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TENCENT Reportedly Negotiating to Purchase Minor Stake in Game Developer Hungry Studio
Tencent's Stake Acquisition: Tencent is in negotiations to acquire a small stake in Hungry Studio, the developer of the popular game Block Blast!, according to Bloomberg sources.
Investment Decision Timeline: After months of discussions, a decision regarding the potential investment by Tencent and Hungry Studio may be reached soon.
"Tencent-Backed 'AI 6 Tigers' StepFun Seeks HK IPO to Raise Approximately US$500 Million"
StepFun's Listing Plans: StepFun, a prominent Chinese AI company, is considering a Hong Kong listing to raise approximately US$500 million, with discussions already underway with potential advisors.
Financial Backing: The company is backed by TENCENT and recently completed a Series B+ financing round exceeding RMB5 billion, with participation from notable institutions like China Life Private Equity and Xuhui Capital.
HKD8.4B Net Inflow to TRACKER FUND from Southbound Trading
Southbound Trading Inflows: TRACKER FUND (02800.HK) saw a significant net inflow of HKD8.4 billion, while YOFC (06869.HK) experienced a net outflow of HKD505.1 million in Southbound Trading.
Short Selling Activity: The short selling for TRACKER FUND reached HKD12.64 billion with a ratio of 67.175%, while YOFC had a short selling of HKD2.10 billion at a ratio of 49.201%.
Most Active Stocks: In the Shanghai-Hong Kong Stock Connect, TRACKER FUND was the most active stock with the highest net inflow, while YOFC had the highest net outflow. In the Shenzhen-Hong Kong Stock Connect, CSOP HS TECH led in inflows, and HUA HONG SEMI had the highest outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 32.41% of the total transaction amount of HKD93.49 billion.
HSI Rises by 249 Points; Developers Drive Growth with SHKP Jumping Over 7%
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of HKD288.42 billion. The HSCEI and HSTECH also saw gains, closing at 8,859 and 5,137 respectively.
Property Sector Highlights: SHK PPT reported a nearly 17% increase in interim underlying profit, leading to a 7.1% rise in its stock price. Other property developers like New World Dev and CK Asset also experienced stock price increases.
MSCI Index Changes: Changes to the MSCI China Index constituents were noted, with stocks like HESAI-W and SENSETIME-W seeing significant gains of 4.4% and 4.9%, while PONY-W and YOFC surged over 10%.
Tech Sector Updates: In the tech sector, BIDU-SW reported a 42% YoY decline in non-GAAP net profit but slightly exceeded market expectations, leading to a minor stock rebound. Other tech stocks like Tencent and Netease also saw modest increases, while Alibaba and Kuaishou experienced slight declines.
HSI Ends at 26,630, Gaining 249 Points; HSTI Finishes at 5,137, Up 28 Points; SHK PPT Surges Over 7%; SHK PPT, CHINA SHENHUA, CK ASSET, BOC HONG KONG, TECHTRONIC IND Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of $288.42 billion.
Active Heavyweights: Notable stock movements included TENCENT (+1.2%), MEITUAN (+0.9%), and HKEX (+0.9%), while XIAOMI (-0.8%) and BABA (-0.1%) saw declines.
Top Gainers: SHK PPT surged by 7.1% to a new high, followed by WUXI BIO (+5.1%) and CHINA SHENHUA (+4.0%), indicating strong performance among HSI and HSCEI constituents.
Significant Movements: Johnson Electric experienced a remarkable increase of 17.4%, while HAO TIAN INTL fell by 10.9%, highlighting volatility in smaller stocks.
Short Selling Activity Reaches $21.6B, Representing 22.1% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $21.6 billion at midday, accounting for 22.1% of the turnover of securities eligible for short selling, an increase from 20% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (44.4% ratio, $3.31B), CSOP HS TECH (56.6% ratio, $2.10B), TENCENT (14% ratio, $1.04B), BABA-W (18.8% ratio, $948.57M), and MINIMAX-WP (29% ratio, $535.05M).
TENCENT Reportedly Negotiating to Purchase Minor Stake in Game Developer Hungry Studio
Tencent's Stake Acquisition: Tencent is in negotiations to acquire a small stake in Hungry Studio, the developer of the popular game Block Blast!, according to Bloomberg sources.
Investment Decision Timeline: After months of discussions, a decision regarding the potential investment by Tencent and Hungry Studio may be reached soon.
"Tencent-Backed 'AI 6 Tigers' StepFun Seeks HK IPO to Raise Approximately US$500 Million"
StepFun's Listing Plans: StepFun, a prominent Chinese AI company, is considering a Hong Kong listing to raise approximately US$500 million, with discussions already underway with potential advisors.
Financial Backing: The company is backed by TENCENT and recently completed a Series B+ financing round exceeding RMB5 billion, with participation from notable institutions like China Life Private Equity and Xuhui Capital.
HKD8.4B Net Inflow to TRACKER FUND from Southbound Trading
Southbound Trading Inflows: TRACKER FUND (02800.HK) saw a significant net inflow of HKD8.4 billion, while YOFC (06869.HK) experienced a net outflow of HKD505.1 million in Southbound Trading.
Short Selling Activity: The short selling for TRACKER FUND reached HKD12.64 billion with a ratio of 67.175%, while YOFC had a short selling of HKD2.10 billion at a ratio of 49.201%.
Most Active Stocks: In the Shanghai-Hong Kong Stock Connect, TRACKER FUND was the most active stock with the highest net inflow, while YOFC had the highest net outflow. In the Shenzhen-Hong Kong Stock Connect, CSOP HS TECH led in inflows, and HUA HONG SEMI had the highest outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 32.41% of the total transaction amount of HKD93.49 billion.
HSI Rises by 249 Points; Developers Drive Growth with SHKP Jumping Over 7%
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of HKD288.42 billion. The HSCEI and HSTECH also saw gains, closing at 8,859 and 5,137 respectively.
Property Sector Highlights: SHK PPT reported a nearly 17% increase in interim underlying profit, leading to a 7.1% rise in its stock price. Other property developers like New World Dev and CK Asset also experienced stock price increases.
MSCI Index Changes: Changes to the MSCI China Index constituents were noted, with stocks like HESAI-W and SENSETIME-W seeing significant gains of 4.4% and 4.9%, while PONY-W and YOFC surged over 10%.
Tech Sector Updates: In the tech sector, BIDU-SW reported a 42% YoY decline in non-GAAP net profit but slightly exceeded market expectations, leading to a minor stock rebound. Other tech stocks like Tencent and Netease also saw modest increases, while Alibaba and Kuaishou experienced slight declines.
HSI Ends at 26,630, Gaining 249 Points; HSTI Finishes at 5,137, Up 28 Points; SHK PPT Surges Over 7%; SHK PPT, CHINA SHENHUA, CK ASSET, BOC HONG KONG, TECHTRONIC IND Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of $288.42 billion.
Active Heavyweights: Notable stock movements included TENCENT (+1.2%), MEITUAN (+0.9%), and HKEX (+0.9%), while XIAOMI (-0.8%) and BABA (-0.1%) saw declines.
Top Gainers: SHK PPT surged by 7.1% to a new high, followed by WUXI BIO (+5.1%) and CHINA SHENHUA (+4.0%), indicating strong performance among HSI and HSCEI constituents.
Significant Movements: Johnson Electric experienced a remarkable increase of 17.4%, while HAO TIAN INTL fell by 10.9%, highlighting volatility in smaller stocks.
Short Selling Activity Reaches $21.6B, Representing 22.1% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $21.6 billion at midday, accounting for 22.1% of the turnover of securities eligible for short selling, an increase from 20% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (44.4% ratio, $3.31B), CSOP HS TECH (56.6% ratio, $2.10B), TENCENT (14% ratio, $1.04B), BABA-W (18.8% ratio, $948.57M), and MINIMAX-WP (29% ratio, $535.05M).
