Source: Financial Services Association Author: Hu Jiarong
① After the introduction of real estate in Hong Kong, why is the short selling ratio of local real estate agents still high? ② How have auto stocks such as NIO and Xiaopeng been affected recently?
Today, the Hong Kong stock market did not continue with the previous adjustments. As of press release, the three major indices have risen slightly. However, shorting data for some individual stocks is still high, such as real estate and automobiles.
First, let's take a look at real estate stocks,$WHARF HOLDINGS (00004.HK)$,$SHK PPT (00016.HK)$,$CHINA VANKE (02202.HK)$,$LONGFOR GROUP (00960.HK)$,$ZHENRO PPT (06158.HK)$The share of short sales is relatively high.
From Monday to Thursday, the short selling ratio of Kowloon Wharf was 73.79%, 54.89%, 55.85%, and 38.81%, respectively.
The short selling ratio of Sun Hung Kai Properties gradually increased during the same period, which was 42%, 43.43%, 46.3%, and 47.5%, respectively.
The proportion of short sales of real estate remains high. This is probably related to the current downturn in Hong Kong's real estate market. Although Hong Kong's Financial Secretary Chan Mao-po announced a complete “withdrawal” on February 28, including favorable policies such as abolishing buyers' stamp duty, additional stamp duty, and increasing the ratio of mortgage loans, judging from stock price trends, some local real estate stocks in Hong Kong rose on the same day, but then declined.
Therefore, the current real estate market still needs more sales data to stimulate stock price recovery.
Second, the short selling situation of auto stocks is also not optimistic. Among them$NIO-SW (09866.HK)$,$XPENG-W (09868.HK)$,$LI AUTO-W (02015.HK)$It's also in a high position.
Taking NIO as an example, the short selling ratio between Monday and Thursday reached 24.94%, 36.01%, 35.64%, and 39.40%, respectively.
In the same period, Xiaopeng Motors was 17.76%, 37.71%, 27.54%, and 24.89%, respectively.
In fact, investors' concerns about auto stocks mainly stem from price wars. For example, BYD launched the Honor model after the Spring Festival holiday, further intensifying price competition. Compared to older models, the BYD Honor Edition offers significant price discounts, with a maximum drop of 30,000 yuan. This has undoubtedly triggered a new wave of price wars.
Furthermore, the Passenger Federation said today that the price war after the Spring Festival heated up rapidly, forming a large wait-and-see trend. Combined with expectations of the introduction of policy rules in March, they all constituted an unfavorable sales trend for February.
edit/lambor