Core Viewpoint - The Hong Kong oil and gas equipment stocks have strengthened significantly, with Shandong Molong rising nearly 15% amid geopolitical tensions regarding the potential closure of the Strait of Hormuz, which could lead to a spike in oil prices [1] Group 1: Stock Performance - Shandong Molong (00568.HK) increased by 14.81% [1] - Shengli Pipeline (01080.HK) rose by 11.90% [1] - Energy International Investment (00358.HK) gained 6.90% [1] - Sinopec Oilfield Service (01033.HK) saw an increase of 6.25% [1] Group 2: Geopolitical Context - Iranian parliamentary committee member Kousari stated that the Iranian parliament concluded that the Strait of Hormuz should be closed, although the final decision rests with the Iranian Supreme National Security Council [1] - JPMorgan forecasts that if the Strait of Hormuz is blocked, oil prices could surge to the range of $120-130 per barrel [1]

Group 1 - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 17.52%, with 208 stocks having a shareholding ratio exceeding 20% [1] - As of June 20, southbound funds held a total of 4,397.44 million shares, accounting for 13.34% of the total market value of the stocks [1] - The highest shareholding ratio by southbound funds is in China Telecom, with 74.79% of its issued shares held, followed by Shandong Molong and Green Power Environmental, with 68.53% and 68.22% respectively [1] Group 2 - Southbound funds with a shareholding ratio exceeding 20% are mainly concentrated in the healthcare, industrial, and financial sectors, with 43, 31, and 29 stocks respectively [2] - The top stocks with high southbound fund holdings include China Telecom, Shandong Molong, and Green Power Environmental, with respective shareholding ratios of 74.79%, 68.53%, and 68.22% [2] - A significant portion of the stocks with high southbound fund holdings are AH concept stocks, with 118 out of 208 stocks (56.73%) having a shareholding ratio over 20% [1][2]

Group 1 - The company's stock experienced an abnormal trading fluctuation, with a cumulative closing price increase deviation exceeding 20% over two consecutive trading days on June 19 and June 20, 2025 [1][2] - The company confirmed that there are no undisclosed significant information or major events that could impact the stock price, and all previously disclosed information remains accurate [2][3] - The board of directors has conducted inquiries with major shareholders and confirmed that there are no undisclosed matters that should be reported according to the Shenzhen Stock Exchange regulations [2]

Core Viewpoint - Shandong Molong (002490.SZ) announced that its stock experienced an abnormal trading fluctuation with a cumulative price increase of over 20% on June 19 and June 20, 2025, but the company confirmed that it has not violated any information disclosure regulations [1] Group 1 - The company stated that there have been no significant changes in its production and operational environment recently [1] - The company conducted a self-examination and found no need to correct or supplement previously disclosed information [1] - The stock's price fluctuation is classified as an abnormal trading activity [1]

证券代码：002490 证券简称：山东墨龙 公告编号：2025-046 山东墨龙石油机械股份有限公司 股票交易异常波动暨风险提示公告 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息； 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要风险提示： 1、山东墨龙石油机械股份有限公司（以下简称"公司"或"本公司"）股 票（证券简称：山东墨龙，证券代码：002490）于 2025 年 6 月 19 日、6 月 20 日 连续两个交易日收盘价格涨幅偏离值累计超过 20%，根据《深圳证券交易所交易 规则》的相关规定，属于股票交易异常波动； 2、公司股票于 2025 年 6 月 13 日、6 月 16 日连续两个交易日收盘价格涨幅 偏离值累计超过 20%，并于 2025 年 6 月 17 日披露了《股票交易异常波动公告》 （公告编号：2025-044）；2025 年 6 月 17 日、6 月 18 日连续两个交易日收盘价 格涨幅偏离值累计超过 20%，并于 2025 年 6 月 ...

Group 1 - The Hang Seng Index rose by 1.26% on June 20, with southbound trading totaling HKD 929.70 billion, including HKD 472.61 billion in buy transactions and HKD 457.10 billion in sell transactions, resulting in a net inflow of HKD 15.51 billion [1][2] - The southbound trading through the Shenzhen Stock Connect amounted to HKD 327.63 billion, with net buying of HKD 27.93 billion, while the Shanghai Stock Connect recorded a total of HKD 602.07 billion, resulting in a net outflow of HKD 12.42 billion [1][2] - The most actively traded stock by southbound funds was Pop Mart, with a total transaction amount of HKD 63.06 billion, followed by Tencent Holdings and Shandong Molong, with transaction amounts of HKD 30.64 billion and HKD 30.37 billion respectively [1][2] Group 2 - Among the stocks with net buying, China Construction Bank led with a net inflow of HKD 6.90 billion, closing up by 3.34%, while SMIC and Southern Hang Seng Technology had net inflows of HKD 5.33 billion and HKD 4.29 billion respectively [1][2] - Tencent Holdings experienced the highest net selling amount of HKD 12.34 billion, closing up by 1.51%, while Pop Mart and Bank of China saw net selling amounts of HKD 6.55 billion and HKD 6.49 billion respectively [1][2] - China Construction Bank has been consistently bought by southbound funds for 8 consecutive days, with a total net buying amount of HKD 50.10 billion during this period [2]

Market Overview - On June 19, the Hang Seng Index fell by 1.99%, closing at 23,237.74 points, with a total net inflow of HKD 1.427 billion through the southbound trading channel [1][3] - The total trading volume for the southbound trading was HKD 118.861 billion, with a net buy of HKD 1.427 billion [1] Southbound Trading Details - The Shanghai Stock Exchange's southbound trading had a total transaction amount of HKD 77.453 billion, with a net buy of HKD 1.065 billion; the Shenzhen Stock Exchange's southbound trading had a total transaction amount of HKD 41.408 billion, with a net buy of HKD 0.363 billion [1] - The top active stocks in the Shanghai southbound trading included Meituan-W with a transaction amount of HKD 34.09 billion, followed by Pop Mart and China Construction Bank with transaction amounts of HKD 33.62 billion and HKD 30.48 billion, respectively [1] Stock Performance - In terms of net buy amounts, Xiaomi Group-W led with a net buy of HKD 0.385 billion, despite its closing price dropping by 1.39% [1] - Tencent Holdings had the highest net sell amount at HKD 0.723 billion, with a closing price decrease of 1.97% [1] - In the Shenzhen southbound trading, Pop Mart topped the transaction amount with HKD 21.32 billion, followed by Tencent Holdings and Meituan-W with HKD 20.99 billion and HKD 19.46 billion, respectively [2] Active Stocks Summary - The top active stocks and their respective transaction amounts and net buy/sell figures are as follows: - Meituan-W: Transaction amount HKD 340.91 million, net sell HKD 43.11 million, daily change -3.75% [2] - Pop Mart: Transaction amount HKD 336.18 million, net sell HKD 29.07 million, daily change -5.33% [2] - China Construction Bank: Transaction amount HKD 304.80 million, net buy HKD 37.00 million, daily change -2.22% [2] - Tencent Holdings: Transaction amount HKD 287.58 million, net sell HKD 72.31 million, daily change -1.97% [2]

Market Overview - On June 19, the Hang Seng Index fell by 1.99%, with southbound trading totaling HKD 118.86 billion, comprising HKD 60.14 billion in buying and HKD 58.72 billion in selling, resulting in a net buying amount of HKD 1.43 billion [1][2] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total transaction amount of HKD 41.41 billion, with buying at HKD 20.88 billion and selling at HKD 20.52 billion, leading to a net buying of HKD 0.36 billion [1] - Southbound trading through the Stock Connect (Shanghai) had a total transaction amount of HKD 77.45 billion, with buying at HKD 39.26 billion and selling at HKD 38.19 billion, resulting in a net buying of HKD 1.07 billion [1] Active Stocks - The most actively traded stock by southbound funds was Pop Mart, with a total transaction amount of HKD 54.94 billion, followed by Meituan-W at HKD 53.55 billion and Tencent Holdings at HKD 49.75 billion [1][2] - Among the net buying stocks, Xiaomi Group-W led with a net buying amount of HKD 4.96 billion, despite a closing price drop of 1.39% [1][2] - China Construction Bank had a net buying of HKD 3.70 billion, while ZhongAn Online saw a net buying of HKD 2.78 billion [1] Net Selling Stocks - Tencent Holdings experienced the highest net selling amount of HKD 13.09 billion, with a closing price decline of 1.97% [1][2] - Pop Mart and Alibaba-W faced net selling amounts of HKD 8.35 billion and HKD 2.06 billion, respectively [1][2] Continuous Net Buying - China Construction Bank was noted for having continuous net buying for 7 days, with a total net buying amount of HKD 4.32 billion during this period [2]

Core Insights - On June 19, 2025, Meituan-W (03690), Pop Mart (09992), and China Construction Bank (00939) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 3.409 billion, 3.362 billion, and 3.048 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Pop Mart (09992), Tencent Holdings (00700), and Meituan-W (03690) led the trading volume, with amounts of 2.132 billion, 2.099 billion, and 1.946 billion respectively [1] Southbound Stock Connect - Top Active Companies - Meituan-W (03690) had a trading amount of 3.409 billion with a net buy of -431 million [2] - Pop Mart (09992) recorded a trading amount of 3.362 billion with a net buy of -291 million [2] - China Construction Bank (00939) achieved a trading amount of 3.048 billion with a net buy of +370 million [2] - Tencent Holdings (00700) had a trading amount of 2.876 billion with a net buy of -723 million [2] - Alibaba-W (09988) had a trading amount of 2.112 billion with a net buy of +51 million [2] Shenzhen-Hong Kong Stock Connect - Top Active Companies - Pop Mart (09992) led with a trading amount of 2.132 billion and a net buy of -544 million [2] - Tencent Holdings (00700) followed with a trading amount of 2.099 billion and a net buy of -586 million [2] - Meituan-W (03690) had a trading amount of 1.946 billion with a net buy of +313 million [2] - Alibaba-W (09988) recorded a trading amount of 1.348 billion with a net buy of -257 million [2] - Xiamen International Bank (01801) had a trading amount of 1.109 billion with a net buy of +35 million [2]

Group 1: Oil Price Surge - Since June 13, the conflict between Iran and Israel has escalated, leading to a significant increase in international oil prices, surpassing $70 per barrel [2] - As of June 17, WTI crude oil closed at $74.84 per barrel, up 4.28%, while Brent crude closed at $76.45 per barrel, up 4.40% [3] - From June 13 to June 17, WTI crude oil increased by nearly $7 per barrel, approximately a 10% rise, and Brent crude oil also saw a similar increase [3] Group 2: Chemical Product Price Increases - The rise in crude oil prices has supported price increases in downstream chemical products, with notable price hikes in propylene, pure benzene, and methanol [5] - On June 13, propylene prices were reported at 6410-6460 yuan/ton, reflecting a 1.02% increase, while pure benzene and styrene also saw significant price increases of 4.1% and 3.42%, respectively [5] - Methanol, which is significantly imported from Iran, saw its price rise to 2670-2680 yuan/ton, an increase of 192.5 yuan/ton or 7.75% [5] Group 3: Stock Market Reactions - Energy and chemical companies' stock prices have surged, with companies like Tongyuan Petroleum and Shandong Molong experiencing significant gains, including multiple trading days of price limits [6] - From June 13 to June 18, Tongyuan Petroleum's stock rose by 75.36%, while other companies like Shandong Molong and Jun Oil also saw substantial increases [6] Group 4: Company Performance and Market Dynamics - Tongyuan Petroleum clarified that its core business in oil and gas development is not directly affected by the Iran-Israel conflict, as it primarily provides technical services [7] - Jun Oil's performance has been under pressure due to reduced demand and profit margins, with ongoing losses reported from 2022 to Q1 2025 [8] - Jin Niu Chemical, which focuses on methanol production, indicated that its operations remain stable, with no significant changes in market demand or supply [10]