To The Moon

Hong Kong stocks were flat this week, with the $HSI(HSI)$ up 0.46% to 17,799.6 points.

Compared with A shares, Hong Kong stocks have performed brilliantly this week, among which the Shanghai Index fell 0.59% this week and the ChiNext index fell 1.65%.

The reason why Hong Kong stocks are stronger than A shares is that the Hang Seng Index weighting stocks are concentrated in high dividend and Internet companies, high dividend is the strongest sector in the past two years, and the high dividend stocks represented by China Offshore Oil hit a record high this week!

Coupled with $TENCENT(00700)$ $Alibaba(09988)$ and other Internet companies to increase shareholder returns, stock prices rose slightly this week, driving the Hang Seng Index significantly stronger than A shares!

In terms of southbound funds, this week's net inflow of HK $10.89 billion:

In the last 7 days, the stocks bought by the southward funds are mainly high dividend concept stocks, such as the net purchase of HK $4.487 billion $CCB(00939)$ , HK $4.3 billion $ICBC(01398)$ , and HK $2.4 billion $CHINA MOBILE(00941)$ :

In terms of sectors, industrials led the way this week, while IT was feeling a bit left out in the cold.

Next week, China and the United States will release CPI and other key datas, is expected to have a greater impact on the market.

Key Events in Hong Kong Stocks This Week

1. Caixin China manufacturing PMI rose to 51.8 in June, the highest since June 2021;

2. $XIAOMI-W(01810)$ SU7 delivered more than 10,000 units in June;

3. The "report card" of new energy vehicles in June was released: $BYD COMPANY(01211)$ $NIO-SW(09866)$ delivered a record high in June;

4. International oil prices rose to a near two-month high, the oil sector strengthened;

5. $Alibaba(09988)$ repurchased a total of 613 million common shares for an aggregate price of $5.8 billion in the second quarter;

6. Shares of $BOSIDENG(03998)$ fell sharply after major shareholders placed them;

7. Rumored trillion-level consumption tax reform is approaching, luxury goods, high-end services or the first pilot;

8. "Hong Kong's first Lidar stock" $ROBOSENSE(02498)$ stock price flash collapse;

9. The central bank has signed bond borrowing agreements with several major financial institutions and may sell them on the open market at any time.

Four Stocks Worth Attention Among Top Trading HK Stocks This Week

Top4: $KUAISHOU-W(01024)$ . Had a rough week. Morgan Stanley said, due to the gradual decline in Kuaishou market share and the increase in sales and marketing expenses led to a slowdown in gross profit expansion, downgraded its rating from "overweight" to "in line with the market", the target price reduced from HK $70 to HK $55;

Top6: $LI AUTO-W(02015)$ . This week Li Auto released June sales data, monthly sales of 47,774 units, approaching the highest sales in history;

Top7: $ZHONGGAN COMM(02545)$ Listed this week, several new shares performed poorly, there were a number of first-day shares broke, of which, ZhongGan Comm plunged 56% this week, to play new investors ran a basin of cold water;

Top10: $CNOOC(00883)$ . As a representative of high dividends, CNOOC continues to be sought after by funds, and the stock price hit a record high this week!

Next Week's Hong Kong Stock Market Events

1. Next Wednesday, China will release CPI and PPI data for June, focusing on the deflationary trend, which will have a greater impact on consumption and other sectors;

2. After next Thursday's trading, China will release new RMB loans, M2 and other financial datas, which are expected to have a great impact on the stock market;

3. Next Thursday evening, the United States will release June CPI data, which is expected to be 3.1%, focusing on whether it meets expectations, and the data will have a greater impact on whether the Federal Reserve will cut interest rates.