Hong Kong-listed Internet companies frequently repurchase shares, with Tencent, Meituan, and Kuaishou ranking in the top three

Zhitong
2024.10.09 11:12
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As of October 9th, according to data from Wind, a total of 249 listed companies in Hong Kong have implemented share repurchases this year, with a total repurchase amount exceeding HKD 216.675 billion. The main players in share repurchases are companies in the internet and financial industries. In comparison, the total share repurchase amount in Hong Kong last year was HKD 126.901 billion. Among them, in the internet industry, Tencent Holdings, Meituan-W, and Kuaishou-W rank in the top three in terms of repurchase amount, with the total repurchase amount of these three companies accounting for 56% of the total repurchase amount of listed companies in Hong Kong this year. Many institutions believe that the Hong Kong stock market is volatile, and continuous share repurchases by companies contribute to the market's resilience. Huatai Securities stated on September 16th that since August, the performance of Hong Kong stocks has been relatively stronger than A-shares, with fundamental resilience, incremental funds, and the rationalization of AH premiums returning to reasonable levels serving as the logical foundation for the relative performance of Hong Kong stocks. It is noted that, taking Kuaishou as an example, Kuaishou's share repurchase amount in August alone has exceeded HKD 1 billion; since late September, Kuaishou's stock price has risen from HKD 39.8 to HKD 50.75, an increase of 27%

According to the VENTURESTOCK APP, as of October 9th, data from Wind shows that a total of 249 listed companies in Hong Kong have implemented share repurchases this year, with the repurchase amount exceeding HKD 216.675 billion. The main repurchasers are companies in the internet and financial industries. In comparison, the total amount of share repurchases in Hong Kong last year was HKD 126.901 billion. Among them, in the internet industry, Tencent Holdings (00700), Meituan-W (03690), and KUAISHOU-W (01024) ranked top three in terms of repurchase amount, with the total repurchase amount of these three companies accounting for 56% of the total repurchase amount of Hong Kong listed companies this year.

Many institutions believe that the Hong Kong stock market is volatile, and continuous share repurchases by companies contribute to the market's resilience. Huatai Securities stated on September 16 that since August, the performance of Hong Kong stocks has been relatively stronger than A-shares, with fundamental resilience, incremental funds, and the rationalization of AH premiums returning to reasonable levels serving as the logical cornerstone for the relative performance of Hong Kong stocks. It is noted that, taking KUAISHOU as an example, KUAISHOU's repurchase amount in August alone has exceeded HKD 1 billion; since late September, KUAISHOU's stock price has risen from HKD 39.8 to HKD 50.75, an increase of 27%

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