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<Research>M Stanley: CR BEVERAGE, XIAOCAIYUAN Among HK Consumer Stocks Favored by Southbound Funds
Recommend 38 Positive 61 Negative 29 |
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According to Morgan Stanley's research report, all 27 major Hong Kong consumer stocks under its coverage saw net southbound fund inflows in July. Among the 66 eligible major Hong Kong consumer stocks under Southbound Stock Connect, the southbound holdings as a percentage of free float increased by 0.8 ppts on average MoM. Meanwhile, net southbound fund inflows as a percentage of free float have also risen by an average of 3.6% YTD compared to the end of 2024. By sector, beer, apparel and sportswear, agriculture, gold, home appliances, home improvement, toys, education, and luggage stocks all recorded southbound outflows in July. According to Morgan Stanley's statistics, 27 stocks recorded southbound inflows in July, while 38 logged outflows. The top five stocks with inflows were CR BEVERAGE (02460.HK), XIAOCAIYUAN (00999.HK), CHERVON (02285.HK), H&H INTL HLDG (01112.HK), and TIANLI INT HLDG (01773.HK). The top five stocks with outflows were JIUMAOJIU (09922.HK), CHINA RES BEER (00291.HK), POP MART (09992.HK), XTEP INT'L (01368.HK), and SAMSONITE (01910.HK). On a YTD basis, 41 stocks have seen southbound inflows, while 25 have recorded outflows. The top five stocks with inflows were XIAOCAIYUAN, CR BEVERAGE, MAO GEPING (01318.HK), WL DELICIOUS (09985.HK), and H&H INTL HLDG. The top five stocks with outflows were CHINA RES BEER, HELENS (09869.HK), SAMSONITE, EDVANTAGE GROUP (00382.HK), and WISDOM EDU INTL (06068.HK). AAStocks Financial News |
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