From the rhetoric of securities companies shouting to cross the Xiangjiang River and seize pricing power, to now lamenting when Hong Kong stocks will stop falling. In just over a year, the Hong Kong stock market has turned upside down, falling from a magnificent bull market to a long bear road like a "bottomless pit".
Hong Kong's Hang Seng Index hit a record low since 2011
Since February 18, 2021, the Hong Kong Hang Seng Index has fallen all the way from a staged high of 31183 points, and in the intraday on September 30, the Hong Kong Hang Seng Index reached a new low, once touching 17,016 points, almost falling below the 17,000 point mark, setting a record low since October 2011, and the Hang Seng Index reached 45% in this round, close to the waist.
The Hang Seng Technology Index is also miserable, after peaking on the same day as the Hang Seng Index, the Hang Seng Technology Index began to fall from 11,000 points, all the way to the wild leak, September 30 intraday Hang Seng Technology Index fell below the 3400 points mark, once touched 3385 points. The Hang Seng Technology Index fell nearly 70% in this round.
In terms of individual stocks, after the Internet leader Tencent Holdings and the Hong Kong Hang Seng Index peaked simultaneously, they began a slow bearish road, falling from 749.54 Hong Kong dollars / share all the way to 263.6 Hong Kong dollars / share, with a retracement of nearly 65%.
In terms of financial stocks, AIA peaked at HK$106.43 per share on January 19, 2021, and has since fallen sharply, with a minimum of HK$64.1 per share on September 30, with a retracement of nearly 40%.
Wall Street predators are frantically copying Hong Kong stocks
While retail investors are still lamenting the uprooting of "leeks", Wall Street predators are frantically copying Hong Kong stocks! The data shows that BlackRock, JPMorgan Chase, etc. have successively struck, and they are all large-scale holdings.
First, on September 23, the Hong Kong Stock Exchange disclosed that BlackRock increased its stake in Meituan by 9.75 million shares on September 20, and its shareholding ratio rose from 4.94% to 5.11%. According to the closing price of Meituan HK$172.6/Hong Kong on that day, it cost more than HK$1.7 billion.
BlackRock is not only focusing on technology Internet concept stocks such as Meituan, but also shows that BlackRock is also targeting pharmaceutical stocks that are extremely undervalued by the market, with an increase of about HK$133 million in Fosun Pharma's H shares in the past 20 days and an increase of about HK$450 million in the past week.
According to the Hong Kong Stock Exchange, BlackRock increased its stake in Fosun Pharma from September 6 to September 26, increasing its shareholding ratio from 4.86% to 6.04%, and its shareholding volume increased from 26.82 million shares to 33.31 million shares. Fosun Pharma's H-shares fell by nearly 14% during the period, with BlackRock adding approximately HK$133 million based on an average share price of HK$20.447. BlackRock increased its stake in WuXi AppTec from 7.63% to 9.36% between September 19 and September 26, and its shareholding increased from approximately 30.16 million shares to approximately 37 million shares. WuXi AppTec fell 9% during this period, with BlackRock adding approximately HK$452 million to its estimated average share price of HK$66.074.
In addition to BlackRock, JPMorgan Chase also can't hold back the hand of the bottom, and BlackRock's idea of increasing its holdings in the Internet and medicine, JPMorgan Chase's emphasis on the new energy vehicle track, the past month to increase the holding of Xiaopeng Automobile about 1 billion Hong Kong dollars.
According to the Hong Kong Stock Exchange, JPMorgan Chase & Co. increased its stake in Xiaopeng Automobile-W from August 26 to September 26, increasing its shareholding ratio from 4.71% to 5.98%, and its shareholding volume increased from 61.9 million shares to 78.58 million shares. During this period, Xiaopeng Automobile fell by 26% cumulatively, with an average share price of HK$62.206 and a capital of approximately HK$1.038 billion.
As of now, rough statistics, BlackRock and JPMorgan Chase have copied more than HK$3.18 billion.
The buybacks of Hong Kong-listed companies are also gradually entering a climax
In addition to the influx of Wall Street predators, the repurchase of Hong Kong-listed companies has gradually entered a climax.
Tencent Holdings announced that it will repurchase 1.28 million shares on September 29 at a price of HK$268.4 per share - HK$283.2 per share, costing a total of approximately HK$351 million.
It is worth noting that Tencent has repurchased backs in four consecutive trading days this week, and has been repurchased for 29 consecutive trading days so far, with a cumulative repurchase of 66 times during the year, and the cumulative repurchase amount reached HK$20.2 billion, far exceeding the repurchase amount of HK$2.6 billion in the whole of last year. This data is not only the largest amount of Hong Kong stock repurchases this year, but also the largest amount of repurchases in Tencent's history.
As of 29 September, 203 Hong Kong-listed companies had implemented share repurchase during the year, with a total repurchase amount of HK$63.8 billion. Among them, Tencent Holdings and AIA ranked among the top two in the Hong Kong stock market in terms of repurchase amounts during the year, both exceeding HK$15 billion, HK$20.2 billion and HK$17.2 billion respectively. HSBC Holdings, Great Wall Motor, Xiaomi Group-W, Changshi Group, China Gas, Swire Co., Ltd. A, China Mobile and WuXi Biotech ranked 3rd to 10th respectively in terms of repurchase amount during the year.
In addition to the self-purchase of Hong Kong listed companies, the amount of funds purchased by southbound funds this year was HK$252.9 billion, and the total amount of the two reached HK$316.7 billion.
Hong Kong stocks that have experienced a historic retracement, although market liquidity and other issues still exist, but the Wall Street predators who smell the smell of meat have begun to silently copy the bottom and are ready to make a fortune in silence.
This article originates from the financial world