To The Moon

On February 14th, US CPI data for January was released, with the year-on-year growth rate of 6.4%, exceeding the 6.2% forecast by economists.

The rebound in inflation has raised concerns among investors that the Fed will raise interest rates more than expected. However, on the day of the CPI released, U.S. stocks performed strongly, opened lower and higher without being adversely affected.

At the same time, the 13F of major institutions was released last week. Top institutions, including Goldman Sachs$Goldman Sachs(GS)$ and JPMorgan Chase$JPMorgan Chase(JPM)$ , generally increased their positions in China-listed stocks in Q4 last year. Among them, new energy vehicle stocks have been reduced by a number of institutions, which is worthy of investors' attention.

Sector Performance

Hong Kong stocks performed poorly, with only integrated enterprises rised 0.91% throughout the week. All other sectors fell, with large declines in real estate construction and health care.

Southbound funds

Net purchases of Southbound funds for last week was HK $4.36 billion, up sharply from the previous week's HK $780 million, indicating mainland money is flowing into Hong Kong stocks.

Key Events in Hong Kong Stocks Last Week

1. The share price of Link Real Estate Investment Trust$LINK REIT(00823)$ , the Asia's largest real estate investment fund, has plummeted as a result of the "5 supply and 1" rights issue plan.

2. Wechat tests Mini-Program takeout project in Guangzhou and Shenzhen.

3. The recovery of China's civil aviation industry is surging, the occupancy rate and other key indicators have rebounded in an all-round way.

4. Koolearn$KOOLEARN(01797)$ executives greatly reduced their holdings, and the company's stock price plummeted.

5. It is rumored that Xiaomi$XIAOMI-W(01810)$ will soon be qualified for the production of new energy vehicles.

6. Bao Fan, the controlling shareholder of China Renaissance Holdings Ltd$FOSUN INTL(00656)$ , is missing.

7. Us CPI rose 6.4% in January from a year earlier, exceeding market expectations by 6.2%.

8. At the end of January, the balance of China's Broad Money (M2) was 273.81 trillion yuan, an increase of 12.6% over the same period last year, exceeding market expectations.

Three Stocks Worth Attention Among Top Trading HK Stocks Last Week

TOP5: Koolearn$KOOLEARN(01797)$ - Shares plunge as company executives sell down stakes

Data show that the company's CEO Sun Dongxu in February 7, February 8 two consecutive days to reduce the shares of Koolearn, a total of nearly 4 million shares sold, a total of HK $217 million cash. On Feb 9, executive director and CFO Yin Qiang reduced his holdings by 1 million shares, cashing out HK $61.59 million.

TOP6: Baidu$BIDU-SW(09888)$ -Chatgpt concept stocks continues to be active.

Baidu closed 0.6% higher amid a pullback in Hong Kong stocks.

TOP10: BILI$BILIBILI-W(09626)$ - Bilibili gained 2.79% last week.

Blackrock, a top institution with $3 trillion in assets, increased its stake by nearly 600% to 1.44 million Bilibili shares in the fourth quarter.

Next week's Hong Kong stock market events

1. The New York Stock Exchange will be closed on Monday for Washington's birthday.

2. On Wednesday, Baidu$BIDU-SW(09888)$ will release fourth-quarter results, and Bloomberg analysts unanimously expected revenue of 32.06 billion, down 3% from a year earlier.

3. On Thursday, February 23, the United States will announce the number of initial jobless claims for the week ending February 18.

4. The Federal Reserve will release the minutes of its February monetary policy meeting on Thursday. Investors can learn more details about what Fed officials think about monetary policy.

5. Alibaba$Alibaba(09988)$ will release third-quarter report for fiscal year 2023 on Thursday, with estimated revenue of 245.87 billion yuan, an increase of 1.4% over the same period last year.

6. On Thursday, NetEase$NTES-S(09999)$ and Hong Kong Stock Exchange will release quarterly financial results. NetEase's quarterly revenue is expected to be 25.33 billion yuan, up 3.9% year on year. HKEX's fourth-quarter revenue is expected to be 4.98 billion yuan, up 15.6% year on year.