In today’s briefing:
- Hong Kong Buybacks Weekly (Feb 7th): AIA, HSBC, Cosco Shipping
- While TSLA US Is Falling, BYD (1211HK) Is Rising (Maybe a Bit Too Fast!)
Hong Kong Buybacks Weekly (Feb 7th): AIA, HSBC, Cosco Shipping
- We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 7th based on HKEx daily reports.
- In the past 7 days, the top 3 companies that repurchased the most shares from the market were AIA (1299 HK), HSBC (5 HK), Cosco Shipping (1919 HK).
- In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), HSBC (5 HK).
While TSLA US Is Falling, BYD (1211HK) Is Rising (Maybe a Bit Too Fast!)
- BYD (1211 HK) has experienced a significant surge in recent days, primarily due to investor anticipation surrounding the company’s imminent announcement of its autonomous-driving strategy.
- On Monday, at its Shenzhen headquarters, BYD is expected to unveil plans to integrate self-driving technology into its more affordable vehicle models, aiming to make autonomous-driving features a reality.
- However, our models indicate a severe OVERBOUGHT WEEKLY state, and that means that the stock has already priced in any possible good news that could come on Monday.
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