In today’s briefing:
- Hong Kong Buybacks Weekly (Nov 3rd): AIA, China Petroleum & Chemical, Li Ning
- Naspers & Prosus: Discounts Narrow This Week, the Great Rotation from Prosus to Naspers Playing Out?
Hong Kong Buybacks Weekly (Nov 3rd): AIA, China Petroleum & Chemical, Li Ning
- We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Nov 3rd 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), Sinopec (386 HK), Li Ning (2331 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).
Naspers & Prosus: Discounts Narrow This Week, the Great Rotation from Prosus to Naspers Playing Out?
- The performance of Naspers (NPN SJ) and Prosus NV (PRX SJ) during this week is worth flagging – both counters have outperformed the underlying portfolio, narrowing both discounts notably.
- Naspers’ discount to Prosus’ market value continues to push new lows, closing at 9.9% yesterday.
- For the week up to the close yesterday, Naspers is up 4.1%, Prosus is up 2.3% and Tencent is down 1.4% in HKD (down 3.7% in ZAR).
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