Li Jiacheng throws 600 million yuan to increase its holdings for three years

The Hong Kong exchange continued to be weak, and the HKMA entered the market for the first time during Hong Kong trading hours. The market sentiment was weak. However, Li Ka-shing, chairman of the company’s long-established department, actually increased its holdings in Changshi (01113), involving a total investment of 611 million yuan, which was the first time in nearly three years.

Brokers: It is expected that the stock price will be low

According to the information disclosed by the Stock Exchange, Li Ka-shing, in the name of Li Ka Shing Foundation last Tuesday to Friday, increased holdings of Changshi shares four times, adding a total of 9.125 million shares, with an average price ranging from 65.9686 to 66.9398 yuan. 31.42%, rose to 31.67%. The last time Li Ka-shing increased its shareholding in Changshi, it must be traced back to June 2015. When Changshi was just listed, Li Ka-shing increased its holdings twice and involved 87.176 million yuan.

After Li Ka-shing announced its retirement decision in the middle of last month, the stock price of Cheung Kong and Changhe (00001) faltered and so far they have dropped by 5.1% and 7.6% respectively, underperforming the Hang Seng Index’s 3.8% decline over the same period. The market had expected that Cheung Kong would restart the repurchase plan in order to support the stock price. We could not think of Li Ka-shing’s sudden increase in holdings. Changchun shares closed at 66.4 yuan yesterday, down 0.65 yuan.

According to Zheng Huaiwu, a securities analyst at CIMB Securities, the fact that Cheung’s share price is relatively low is believed to be the reason for Li Ka-shing’s attempt to increase his shareholding. This does not mean that Cheung Kong will not restart repurchase, nor does it rule out Li Ka-shing’s possible increase in holdings.

Recently, the Hong Kong Monetary Authority has continued to collect money, and the market’s interest rate differential between Hong Kong and Hong Kong will quickly narrow, thereby speeding up the possibility of interest rate increases in Hong Kong and negatively affecting property stocks. Zheng Huaiwu said that the expected rate hike has been reflected in real estate stocks. At the same time, local developers do not believe that property prices will fall sharply because rigid demand remains strong. Therefore, even if interest rates increase, the impact on real estate stocks will be limited.

At the same time as the Hong Kong Monetary Authority received the money, Beishui also saw the withdrawal of Hong Kong stocks. Southbound Hong Kong Stock Connect (Shanghai and Shenzhen) had a net outflow of 2.97 billion yuan yesterday, the third-largest in the past half year, mainly reducing the holdings of China Construction Bank (00939) and Tencent (00700). , The two shares took 460 million yuan and 240 million yuan.

Hong Kong stocks owed support to Beishui and fell 492 points yesterday to 30315 points, with turnover of 107.6 billion yuan. Sean Taylor, investment director of DWS Asia Pacific, believes that investment sentiment will continue to reflect the concerns of the geopolitical situation in Syria air strikes and trade wars between China and the United States. However, foreign investors’ confidence in China’s investment will increase, and they will be able to offset the Hong Kong dollar system’s capital investment. In the China-Hong Kong market where both return to economic and profitable conditions are favorable, Chinese stocks with strong earnings growth will outperform the market.

At 0:00 this morning, Hong Kong night rose 160 points to close at 30340 points. Taking into account the overall performance of blue-chip pre-registered securities listed in the United States, the Hang Seng Index rose by 68 points.