Here's A List Of The Top 10 Hong Kong Companies Buying Back Their Shares In September
Portfolio Pulse from Daniel Harrison
Hong Kong companies have been buying back their shares at an all-time high, with HSBC Holdings, AIA Group, Tencent Holdings, and Xiaomi Corporation leading the pack. In the US, KE Holdings and Yum China Holdings made substantial stock repurchases.
October 04, 2023 | 2:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC Holdings repurchased $409,217,026 of its shares, leading to a 5.6% rise in its share price last month.
HSBC's large-scale share repurchase has led to a rise in its share price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Yum China Holdings repurchased $39,499,452 of its shares, ending the month flat.
Yum China's share repurchase did not lead to a significant change in its share price, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AIA Group repurchased $262,323,620 of its shares, but its share price fell 5.8% over the last month.
Despite AIA Group's significant share repurchase, its share price fell, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KE Holdings spent $123,047,896 on ADR repurchases, but its shares fell more than 13% in September.
Despite KE Holdings' significant ADR repurchase, its share price fell, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tencent Holdings repurchased $171,823,860 of its shares, but its share price plunged 9.8%.
Despite Tencent's significant share repurchase, its share price plunged, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100