As of September 2024, the activity of stocks in the Hong Kong market fluctuates in response to market dynamics and economic factors. The following analysis provides insights into several actively performing stocks in the current Hong Kong market, based on recent market data and trend analysis:

1.  Tencent Holdings (00700.HK)

Tencent's stock frequently demonstrates significant activity in the Hong Kong market due to its diversified presence in technology and the internet. Recently, Tencent reported strong financial results and announced a series of strategic investments and new business ventures, which have driven its stock price higher. Specifically, in Q2 2024, Tencent achieved revenue of RMB 161.1 billion, reflecting an 8% year-over-year increase. Additionally, net profit attributable to shareholders surged by 82% to RMB 47.6 billion. This growth not only exceeded market expectations but also indicated robust performance across various business sectors, including value-added services, online advertising, and fintech. Notably, the value-added services segment benefited from growth in gaming and social networks, with revenue reaching RMB 78.8 billion, up 6% year-over-year. Furthermore, according to a disclosure by the Hong Kong Stock Exchange on September 5, Tencent repurchased 2.69 million ordinary shares on September 4, involving HKD 1.003 billion, with repurchase prices ranging from HKD 376.4 to HKD 371.2 per share. Since the authorization resolution, the total repurchased shares amount to 13.9 million, representing 1.474% of the issued shares at the time of the resolution.

2.  Alibaba Group (09988.HK)

Alibaba, which has consistently ranked among the top three in market capitalization and trading volume since its secondary listing in Hong Kong, demonstrated stable growth in its Q2 2024 financial performance. The company reported revenue of RMB 243.24 billion, a 4% year-over-year increase. However, this increase was slightly below market expectations. Moreover, net profit attributable to ordinary shareholders declined by 96% to RMB 3.27 billion due to fluctuations in the valuation of investments. Nevertheless, Alibaba has enhanced market confidence through increased investments in cloud computing and international markets, alongside strategic restructuring. Furthermore, the company announced a stock repurchase plan of up to USD 5.8 billion, reflecting its confidence in its intrinsic value and future growth prospects. This repurchase activity is expected to provide positive support for the stock price and strengthen the company’s market position and competitiveness.

3.  Ping An Insurance (02318.HK)

Ping An, a leading comprehensive financial services group in China offering insurance, banking, and investment services, typically exhibits notable market activity. Recent financial performance has shown volatility, which can be attributed to policy adjustments in the insurance and financial markets, as well as company earnings reports. For instance, in 2023, Ping An reported robust operating performance, with total assets reaching RMB 11.58 trillion, marking a 5.2% year-over-year increase. Net profit attributable to shareholders amounted to RMB 85.665 billion, while operating profit reached RMB 118 billion, with an annualized ROE of 13.2%. The company has also maintained a continuous dividend increase for 12 years, with the 2023 annual dividend amounting to RMB 44 billion. Moreover, the number of individual customers reached 232 million, demonstrating continued growth in customer service and product diversification. Despite market pressures and challenges, Ping An has sustained solid growth and profitability, reflecting its commitment to shareholder returns.

4. Meituan (03690.HK)

Recently, Meituan has introduced new businesses and services, leading to a notable rise in its stock price. This positive performance is further evidenced by the company’s recent financial results, which indicate steady growth. In Q2 2024, Meituan achieved revenue of RMB 82.3 billion, a 21% year-over-year increase, and adjusted net profit reaching RMB 13.6 billion, up 77.6%. This growth was driven by significant increases in annual transaction users and active merchants, both reaching historical highs. Additionally, the company’s new retail business has demonstrated improved efficiency, with substantial reductions in quarterly operating losses. Moreover, Meituan announced a USD 1 billion stock repurchase plan, reflecting its confidence in its intrinsic value and optimistic outlook. On September 4, Meituan repurchased 4.207 million non-voting shares for HKD 498 million, with prices ranging from HKD 119.9 to HKD 117.1 per share. Overall, Meituan’s financial performance has exceeded market expectations, showcasing its growth potential and profitability across multiple business segments.

5. BYD (01211.HK)

BYD’s recent financial performance reflects a robust growth trajectory. In Q1 2024, the company achieved total revenue of RMB 124.944 billion, a 3.97% year-over-year increase, and net profit attributable to shareholders rising by 10.62% to RMB 4.569 billion. This growth is primarily driven by the sustained expansion of its automotive business, notably in new energy vehicle sales. However, it is noteworthy that net cash flow from operating activities declined year-over-year, potentially due to increased costs in raw materials and production. Despite these cash flow pressures, BYD has managed to control liabilities and enhance net assets, maintaining a healthy overall financial position. Additionally, BYD's expansion into international markets provides new growth momentum for the long term. Consequently, investors should monitor the company’s future developments in high-end markets and smart technology sectors, as these factors may positively impact its financial performance.

Analysis and Considerations

The performance of these stocks may be influenced by various factors:

Company Financial Performance: Earnings reports and profit forecasts directly impact stock prices.

Industry Dynamics: Policy changes, market demand, and the competitive landscape within the industry affect stock performance.

Macroeconomic Factors**: Global economic conditions, policy adjustments, and market sentiment also influence stock performance.

Market News: Company news, strategic adjustments, and market rumors can have short-term effects on stock prices.

Therefore, investors should closely monitor the latest earnings reports, market trends, and macroeconomic data related to these active stocks to make informed investment decisions.

How to trade investments on uSMART:

After logging into uSMART HK APP, click "Search" from the upper right corner of the page, enter the target code, such as "Tencent", and enter the details page to learn about transaction details and historical trends. Click "Trade" in the lower right corner and select "Buy/Sell" "Send" function, finally fill in the transaction conditions and send the order; the picture operation instructions are as follows:

Source: uSMART HK