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<Research>CICC Predicts INNOVENT BIO, XPENG & Others May Join HSI at Interim Index Review; 25 Stocks May Enter Stock Connect Scope

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2024-07-24 12:52

CICC wrote a report that after market close on 16 August, Hang Seng Indexes Company will announce the semi-annual review results of the Hang Seng fami...

  CICC wrote a report that after market close on 16 August, Hang Seng Indexes Company will announce the semi-annual review results of the Hang Seng family of indices, which involves the major flagship indices of Hong Kong stocks, such as HSI, HSCEI and HSTECH, as well as the Hang Seng Composite Index (HSCI), which is closely related to the scope of Southbound Stock Connect.

  In terms of potential HSI adjustment candidates, INNOVENT BIO (01801.HK) -0.750 (-1.836%) Short selling $6.14M; Ratio 7.905% , XPENG-W (09868.HK) -1.650 (-4.860%) Short selling $41.96M; Ratio 24.997% , JD LOGISTICS (02618.HK) -0.080 (-1.006%) Short selling $1.46M; Ratio 12.296% , WANT WANT CHINA (00151.HK) -0.110 (-2.350%) Short selling $83.91K; Ratio 1.573% , MNSO (09896.HK) -0.700 (-2.003%) Short selling $5.57M; Ratio 22.124% , and KUAISHOU-W (01024.HK) -0.550 (-1.235%) Short selling $87.29M; Ratio 29.501% are ranked at the top of CICC's projected waitlist and are likely to be potential candidates for inclusion.

  Related NewsCICC: Re-entry Into High Div. Theme Should Wait Until Sufficient Pullback; Prefers Semiconductors/ Autos/ Medias/ Softwares/ Biotechs in Short Term

  In terms of the adjustment of the Southbound Stock Connect and HSCI, CICC estimated that 25 stocks are expected to be included in the Stock Connect, while 33 companies may be removed. As HSCI is the sampling space for the Stock Connect, its changes will also directly affect the scope of investment available for the Stock Connect, and is therefore worth paying attention to.

  The 25 stocks CICC expected to possibly meet the criteria for inclusion in the Southbound Stock Connect included MARKETINGFORCE (02556.HK) +0.750 (+0.773%) , QUANTUMPH-P (02228.HK) -0.010 (-0.172%) , CHABAIDAO (02555.HK) +0.010 (+0.111%) , QUNABOX GROUP (00917.HK) +0.450 (+0.864%) , AUTOSTREETS (02443.HK) -0.310 (-5.000%) , TIANLI INT HLDG (01773.HK) -0.070 (-1.703%) Short selling $552.19K; Ratio 8.570% , SUNSHINE INS (06963.HK) +0.010 (+0.366%) Short selling $23.06K; Ratio 0.840% , IMOTIONAUTOTECH (01274.HK) -1.150 (-4.042%) Short selling $5.56K; Ratio 0.377% , DPC DASH (01405.HK) 0.000 (0.000%) Short selling $241.94K; Ratio 31.301% , MONGOL MINING (00975.HK) -0.270 (-2.951%) Short selling $3.82M; Ratio 13.023% , SF INTRA-CITY (09699.HK) -0.140 (-1.333%) Short selling $35.26K; Ratio 21.238% , CONCORD HC GP (02453.HK) -1.000 (-2.356%) , ZONQING LTD (01855.HK) -0.500 (-1.754%) , DALIPAL HLDG (01921.HK) -0.050 (-1.136%) Short selling $295.78K; Ratio 8.582% , HAO TIAN INTL (01341.HK) 0.000 (0.000%) Short selling $45.92K; Ratio 6.779% , LAOPU GOLD (06181.HK) -1.600 (-1.978%) , SANERGY GROUP (02459.HK) -0.570 (-2.787%) , SINOPEC SEG (02386.HK) +0.050 (+1.008%) Short selling $439.16K; Ratio 3.753% , DL HOLDINGS GP (01709.HK) +0.080 (+1.900%) Short selling $25.51K; Ratio 0.960% ,DEKON AGR (02419.HK) -4.150 (-8.226%) , EASOU TECH (02550.HK) -0.260 (-1.363%) , CALB (03931.HK) -0.060 (-0.440%) , JNBY (03306.HK) -0.160 (-1.244%) Short selling $115.24K; Ratio 3.328% , HEC CJ PHARM (01558.HK) -0.030 (-0.324%) Short selling $40.69K; Ratio 14.771% and BABA-SW (09988.HK) +0.550 (+0.742%) Short selling $162.96M; Ratio 23.013% .

  It is worth pointing out that BABA-SW (09988.HK) +0.550 (+0.742%) Short selling $162.96M; Ratio 23.013% is expected to complete converting its Hong Kong listing status from secondary listing to dual primary listing by the end of August this year. Since BABA has long since met the other requirements for inclusion in Southbound Stock Connect, if it finishes the conversion by the end of August, it could catch the Stock Connect inspection date of 5 September and be included in the coming round of Stock Connect adjustment on 9 September. However, CICC warned of the risk of missing the inclusion if the listing status conversion is not realised.

  Related NewsCICC Lists Possible New Blue Chips for H Shrs (Table)

  (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-24 12:25.)

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