01033 Overview

Market Reaction to Political Statements: Oil and gas stocks fell sharply on October 10 after a surge the previous day, following President Trump's comments about a quick end to the Iran conflict and potential easing of Russian oil sanctions, leading to a 10% drop in international oil prices.

Stock Performance of Key Companies: SHANDONG MOLONG saw a significant decline of 17.53% after a 25% increase the day before, while other companies like PETRO-KING and CHK OIL also experienced notable drops in their stock prices.

Short Selling Activity: There was considerable short selling activity in major oil companies, with CNOOC and PETROCHINA facing significant short selling volumes, indicating bearish sentiment among investors.

SINOPEC's Mixed Performance: While SINOPEC CORP saw a slight increase of 1.4%, other SINOPEC-related stocks experienced declines, reflecting a mixed performance within the sector amidst the overall market downturn.

Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD2.6 billion, while XIAOMI-W (01810.HK) and SINOPEC SSC (01033.HK) also experienced inflows, despite short selling pressures.

Southbound Trading Outflows: BABA-W (09988.HK) faced the highest net outflow of HKD1.2 billion, along with SMIC (00981.HK) and CNOOC (00883.HK), indicating a trend of selling in these stocks.

Market Activity: The TRACKER FUND (02800.HK) was the most active stock in the Shanghai-Hong Kong Stock Connect with a net inflow of HKD2.3 billion, while BABA-W had the highest outflow of HKD977.4 million.

Overall Trading Summary: At market close, Southbound Trading recorded a net outflow of HKD0, accounting for 48.32% of the total transaction amount of HKD179.03 billion.

Middle East Crisis: The situation in the Middle East has escalated, with Iran's Revolutionary Guards claiming to have closed the Strait of Hormuz and threatening to attack ships attempting to pass through.

US Embassy Attack: The US Embassy in Saudi Arabia was reportedly attacked and set on fire by a drone, contributing to rising international oil prices, which have increased for three consecutive days.

Market Reactions: Following a significant drop in the Hang Seng Index (HSI), the market showed some recovery, with oil service stocks experiencing notable speculation and price increases.

Oil Company Performance: Major oil companies displayed mixed performance, with CNOOC and PetroChina seeing gains, while Sinopec experienced a decline, reflecting volatility in the oil market.

Stock Performance Overview: Various stocks showed mixed performance with notable gains for SHENZHOU INTL (+2.953%) and SMIC (+2.061%), while others like UNIVERSAL SCIENTIFIC (-2.412%) and COWELL (-0.682%) experienced declines.

Short Selling Data: Significant short selling activity was observed, particularly in SMIC ($217.14M) and WUXI BIO ($160.63M), indicating market skepticism towards these stocks.

Estimated Impact of RMB Appreciation: The estimated impact of a 5% appreciation of the RMB against the USD on net profit varies, with some companies projected to face high single-digit impacts while others may see declines around 10-15%.

Market Outlook: UOB Kay Hian maintains a constructive medium-term view on markets, adding stocks like BABA and GANFENGLITHIUM to their buy list, while placing MEITUAN on the sell list.

Company Overview: SINOPEC SSC (01033.HK) has reported its financial results for the third quarter ending September 2025.

Short Selling Activity: The company experienced short selling amounting to $3.78 million, with a short selling ratio of 6.594%.

Company Overview: SINOPEC SSC (01033.HK) reported its interim results for the period ending June 2025.

Financial Performance: The company experienced a slight increase in turnover, rising 0.6% year-on-year to RMB37.051 billion, while net profit reached RMB760 million, marking an almost 1% YoY growth.

Earnings Per Share: Earnings per share (EPS) were recorded at RMB4 cents.

Dividend Announcement: No dividend was declared by the company during this reporting period.