To The Moon

For the week, the $HSI(HSI)$ rose and then fell, gaining a mere 0.48%.

On the news, the central bank didn't cut the LPR rate this week, dashing market hopes for a rate cut.

The retail sales data released on Monday showed a year-on-year growth of 3.7%, a 1.4 percentage point acceleration from last month, exceeding market expectations, but the market reaction was muted.

Sector-wise, all sectors except finance declined this week, with real estate and healthcare continuing to lead the losses.

Notably, southbound funds net bought HK $24.1 billion this week, and the net inflow so far this year is HK $362.1 billion, surpassing last year's total of HK$318.8 billion.

Southbound funds are buying Hong Kong stocks like crazy, threatening to replace foreign capital in the future, and master the pricing power of Hong Kong stocks!

Key Events in Hong Kong Stocks This Week

1. The central bank renewed 1-year MLF worth RMB 182 billion at the same rate, disappointing the market's hopes for a rate cut;

2. $BRILLIANCE CHI(01114)$ shares soared after announcing a special dividend;

3. $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ reduced its stake in $BYD COMPANY(01211)$ 's Hong Kong shares by nearly 1.35 million shares to 6.90%;

4. $Taiwan Semiconductor Manufacturing(TSM)$ will increase the execution price for 3nm, 5nm advanced process and advanced packaging;

5. Hong Kong Chief Executive Lee Ka Chiu John announced that the Hong Kong Stock Exchange will be closed during severe weather, effective in late September;

6. Companies like $嘀嗒出行(02559)$ and $老铺黄金(06181)$ went public this week;

7.$CHANGJIU HLDGS(06959)$ , a 17-fold stock, suffered a flash crash;

8. $JPMorgan Chase(JPM)$ predicting that Chinese tech stocks can rise about 20-25% more;

9. $SENSETIME-W(00020)$ plans to raise HK $2 billion in rights issue, with participation from strategic investors and top funds;

10. $Societe Generale(SCGLF)$ has increased its exposure to Chinese stocks for the first time in two years.

Four Stocks Worth Attention Among Top Trading HK Stocks This Week

Top 4: $SENSETIME-W(00020)$ . This week, SenseTime announced on the Hong Kong Stock Exchange that it plans to place $1.67 billion shares at HK $1.20 each. Existing shareholders increased their holdings, with participation from strategic investors and top funds;

Top 6: $SMIC(00981)$ . This week, media reports indicated that $Taiwan Semiconductor Manufacturing(TSM)$ will increase prices for 3nm, 5nm advanced processes and advanced packaging. Many analysts pointed out that the utilization rate of domestic wafer fabs has reached 100%, and a price increase may be coming in the second half of the year.

Top 8: $BILIBILI-W(09626)$ . Last week, Bilibili released a new game called "San Guo: Mou Ding Tian Xia," the market reaction is hot. Analysts have raised their target prices for Bilibili.

Top 10: $BRILLIANCE CHI(01114)$ . The company announced a significant financial decision at its board meeting on June 14, 2024, to declare a special dividend of HK $4.3 per ordinary share, leading to a surge in its share price.

Next Week's Hong Kong Stock Market Events

1. Next Thursday, China will release data on profits of industrial enterprises above a designated size. Keep an eye out to see if it meets expectations.

2. After the market closes on Wednesday, $Micron Technology(MU)$ will release its earnings report, which is expected to have a significant impact on the semiconductor industry.