According to statistics, southbound funds have been net buying Xiaomi Group for 5 consecutive days, totaling HK2.92452 billion; net buying SMIC for 6 consecutive days, totaling HK3.09877 billion; net buying Tencent for 8 consecutive days, totaling HK32.34185 billion southbound funds have increased their holdings in Tencent in the past 4 days, accumulating HK31.064 billion; net selling Meituan for 4 consecutive days, totaling HK2.68791 billion.
WeMall Group : Today’s stock price plummeted by more than 40%. The Hong Kong Stock Exchange's equity disclosure system shows that Tencent has reduced its shareholding in WeMall Group from 8.39% to 2.94%. On January 10, WeMall Group responded that Tencent's reduction of its holdings in the company's shares was due to its proactive review and optimization kazakhstan telegram data of its investment portfolio and would not have a substantial impact on the business relationship between the two parties. In the future, Tencent and WeMall will continue to work together to provide high-quality services to customers.
Tencent Holdings: Repurchased 4 million shares on January 10, spending HK1.5 billion.
SMIC : Goldman Sachs released a research report, raising SMIC's target price by 13.8% from HK33.4 to HK38, and maintaining a "neutral" rating. Although Goldman Sachs is optimistic about the company's gradual upward trend, it still believes that the increased supply of mature node capacity, intensified competition and geopolitical risks are concerns about the company's valuation, which may have an adverse impact.
2. The deeper logic behind the acquisition: GCL New Energy’s ambition to integrate natural gas trading with stations.