On November 26, southbound funds net bought Hong Kong stocks worth 68.65 million HKD today. Net purchases included tracker fund of hong kong 0.867 billion, alibaba 0.739 billion, china mobile 0.393 billion, and cnooc 0.161 billion.

According to statistics, southbound funds have net purchased jiangsu lopal tech. for 2 consecutive days, totaling 0.11614 billion HKD; for the fourth paradigm, they have net purchased for 5 consecutive days, totaling 0.31582 billion HKD. Since being included in the Stock Connect, over 47 trading days, southbound funds have cumulatively net purchased alibaba for 72.12131 billion HKD.

Materials of the companies of North Water

Alibaba: According to the latest data from the Stock Exchange, on November 19, jpmorgan reduced its shareholding in alibaba by 69.832581 million shares, with a price of 85.467 HKD per share, totaling approximately 5.968 billion HKD. After the reduction, the latest number of shares held is approximately 1.313 billion shares, with a latest shareholding ratio of 6.85%.

Cnooc: gtja published research reports stating that since 2024, geopolitical conflicts have supported oil prices to fluctuate at high levels. In the first three quarters of 2023, the upstream sector of the three major oil companies has maintained growth in oil & gas production and profits year-on-year have also increased. gtja maintains a bullish rating for the petrochemical industry, believing that the previous valuation adjustments were sufficient. It highlights that leading blue-chip enterprises in the mid-to-low stream with significant recovery potential are key focus areas for the market. In the medium to long term, there is a bullish outlook for undervalued high-dividend symbols in the upstream sector.

Jiangsu lopal tech.: The Shanghai Stock Exchange and the Shenzhen Stock Exchange have respectively announced that jiangsu lopal tech. (2465.HK) will be added to the Stock Connect symbols, effective from November 25. Market participants point out that after being included in the Stock Connect, jiangsu lopal tech. is expected to attract more mainland Chinese investors, which may enhance liquidity and valuation levels.