Two Shenzhen's market capitalizations are not as good as Tencent's market value, and there are call options soaring to 903 times

Financial News

Author: Wan Ran

2021-01-26 08:49

Last update date: 2021-01-26 09:02

Tencent Holdings (0700) opened high yesterday (25th) and rose nearly 11% during the intraday session. The total market value exceeded the 7 trillion mark to reach HK$7,353.7 billion, a surge of 724.3 billion yuan from the previous trading day.

It is worth noting that Tencent surged yesterday. There was a bet that Tencent Holdings' share price would exceed 800 Hong Kong dollars before the close of January 28. The price of Tencent option contracts soared 903 times. The end-of-date contract will expire on the 28th.

Tencent is not the only one performing Elephant Dance.

On the 25th, the Internet technology giants in Hong Kong stocks soared collectively. Alibaba (9988) rose close to 3%, Meituan (3690) rose more than 5%, and the total market value soared to 2.353 billion yuan; Jingdong Group (9618) rose 6%, total The market value climbed to 1,213.1 billion Hong Kong dollars.

Driven by technology stocks, the Hang Seng Index surged 2.41%, returning to the 30,000-point mark.

It is worth mentioning that the source of funds for the elephants to dance wildly is mainland funds.

According to data, on the 25th, southbound funds continued to sweep the goods wildly, with a net inflow of 19.255 billion Hong Kong dollars throughout the day, and a cumulative net inflow of 250.466 billion Hong Kong dollars in 2021.

Brokers China reported that according to the latest exchange rate calculation, the total market value of Tencent Holdings is equivalent to RMB 6,141.9 billion, which is approximately equal to 2.25 Kweichow Moutai and 4.7 China Merchants Bank.

Previously, Shenzhen officials revealed that the GDP of Shenzhen in 2020 will exceed RMB 2.8 trillion, that is, the GDP of the two Shenzhen cities is less than the market value of Tencent Holdings.

According to internal media, in the increasingly tight A-share market, the enthusiasm of institutional investors has finally burned into the Hong Kong stock market.

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In the increasingly tight A-share holdings, the enthusiasm of institutional investors has finally burned into the Hong Kong stock market.

Since 2021, the mainland funds have been fully fired, Qian Yongxiang, and the Hong Kong stock market has been quickly launched.

Among them, Tencent is an important target sought after by institutional investors. Since a year ago, the Southward Fund has been allocating Tencent:

In the past year, Nanxia Funds bought Tencent at HK$185.5 billion, ranking first;

In the past three months, the southward funds bought Tencent for HK$132 billion, ranking first;

In the past 30 trading days, the southward funds bought Tencent for HK$73.4 billion, ranking first;

Since 2021, Southward Capital has bought Tencent for HK$60.2 billion, ranking first.

As a result, the capital market has formed a group of cognition: North Maotai, South Tencent.

As the most sought-after technology giant by institutional investors, since the beginning of the year, the enthusiasm of funds for Tencent is accelerating, and Tencent's stock price has continued to hit new highs.

Industry insiders believe that Tencent is becoming the basic market for public funds in the future when Ali is not included in Southbound Stock Connect. Institutional investors will buy Tencent like Moutai.

It is undeniable that the current valuation of Tencent is not cheap, and it is already the most expensive point in history.

According to data, Tencent's rolling price-earnings ratio (PE-TTM) is generally around 40 times, the highest in history is only 60 times, and as of the closing on the 25th, this value has reached 52.4 times, not far from the highest in history.

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