Core Viewpoint - NetDragon (00777.HK) announced a share buyback on November 3, 2025, spending HKD 1.2198 million to repurchase 100,000 shares at a price range of HKD 12.06 to 12.30 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 100,000 shares, indicating a commitment to returning value to shareholders [1] - The total expenditure for the buyback was HKD 1.2198 million, reflecting the company's financial strategy [1] - **Share Price Information** - The repurchase price per share ranged from HKD 12.06 to HKD 12.30, which may suggest the company's valuation perspective on its own shares [1]

智通财经APP讯，网龙(00777)发布公告，于2025年11月3日，该公司斥资121.98万港元回购10万股股 份，每股回购价格为12.06-12.3港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 網龍網絡控股有限公司 呈交日期： 2025年11月3日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00777 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

Core Viewpoint - On October 31, 33 Hong Kong-listed companies conducted share buybacks, totaling 21.84 million shares and an aggregate amount of HKD 152 million [1][2]. Group 1: Buyback Details - China COSCO Shipping Holdings (中远海控) repurchased 3 million shares for HKD 40.71 million, with a highest price of HKD 13.750 and a lowest price of HKD 13.350, bringing its total buyback amount for the year to HKD 4.447 billion [1][2]. - Guo Sheng Tang (固生堂) repurchased 582,000 shares for HKD 16.59 million, with a highest price of HKD 28.680 and a lowest price of HKD 28.340, totaling HKD 284 million in buybacks for the year [1][2]. - Sinopec Limited (中国石油化工股份) repurchased 3.652 million shares for HKD 15.12 million, with a highest price of HKD 4.170 and a lowest price of HKD 4.110, accumulating HKD 871 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on October 31 was from China COSCO Shipping Holdings at HKD 40.71 million, followed by Guo Sheng Tang at HKD 16.59 million [1][2]. - In terms of share quantity, Sinopec Limited led with 3.652 million shares repurchased, followed by China COSCO Shipping Holdings with 3 million shares and Linklogis Technology (联易融科技-W) with 2.34 million shares [1][2].

Core Insights - The article highlights the net inflow and outflow of funds for various companies in the Hong Kong stock market, indicating significant movements in investor sentiment and market dynamics [1][2][3] Net Inflow Summary - The top three companies with the highest net inflow of funds are Huahong Semiconductor (华虹半导体) with 388 million, Pop Mart (泡泡玛特) with 320 million, and Qingdao Beer (青岛啤酒股份) with 305 million [1][2] - The net inflow percentages for these companies are 8.15%, 7.92%, and 58.54% respectively, indicating strong investor interest, particularly in Qingdao Beer [2][3] Net Outflow Summary - The companies with the highest net outflow of funds include Alibaba-W (阿里巴巴-W) with -523 million, Southern Hang Seng Technology (南方恒生科技) with -429 million, and Tencent Holdings (腾讯控股) with -355 million [1][2] - The net outflow percentages for these companies are -3.89%, -4.86%, and -3.36% respectively, reflecting a negative sentiment among investors towards these stocks [2][3] Net Inflow Ratio Summary - The companies with the highest net inflow ratios are Shenzhen Expressway (深圳高速公路股份) at 68.48%, Anhui Wanshan Expressway (安徽皖通高速公路) at 64.22%, and Legend Holdings (联想控股) at 59.98% [1][3] - These ratios suggest a strong demand for shares in these companies relative to their trading volume [3] Net Outflow Ratio Summary - The companies with the highest net outflow ratios are Huadian International Power (华电国际电力股份) at -62.31%, CIMC Enric (中集安瑞科) at -54.98%, and Connoisseur-B (康诺亚-B) at -52.78% [1][3] - These figures indicate significant selling pressure and a lack of confidence among investors in these stocks [3]

格隆汇10月31日丨网龙(00777.HK)发布公告，2025年10月31日耗资122.47万港元回购10万股，回购价格 每股12.16-12.36港元。 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) FF305 表格類別： 股票 狀態： 新提交 公司名稱： 網龍網絡控股有限公司 呈交日期： 2025年10月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00777 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 ...

Core Viewpoint - The Hong Kong stock market is experiencing a downturn, with the Hang Seng Index dropping over 2%, particularly in the tech sector, while the Hong Kong Internet ETF shows signs of active buying despite market volatility [1][3]. Group 1: Market Performance - The Hang Seng Index has declined by more than 2%, with major tech stocks like Alibaba and Tencent seeing drops of over 3% and 2% respectively [1]. - The Hong Kong Internet ETF (513770) is currently trading at a flat position, indicating a mixed market sentiment despite the ongoing volatility [1][8]. - The Hong Kong Internet ETF has seen a net inflow of 335 million yuan over the past five days, with its total scale exceeding 11.4 billion yuan [8]. Group 2: Industry Insights - Analysts suggest that the easing of US-China relations and policies promoting technological self-reliance may lead to a structural recovery in the Hong Kong tech sector, with a focus on AI industry progress and corporate earnings [1][3]. - The Hong Kong Internet sector is benefiting from the capital market's opening up, with improved mechanisms expected to enhance the quality of overseas listings and deepen cooperation between mainland and Hong Kong markets [3]. - The current price-to-earnings (PE) ratio of the Hong Kong Internet Index is 23.69, which is significantly lower than both US and A-share tech sectors, indicating potential for valuation recovery [6]. Group 3: Key Holdings - The top three holdings in the Hong Kong Internet ETF are Alibaba (19.22%), Tencent (16.46%), and Xiaomi (10.41%), collectively accounting for over 73% of the ETF's total weight [3]. - The index has shown a significant outperformance compared to the Hang Seng Tech Index, particularly in the context of AI-driven market dynamics [5]. Group 4: Historical Performance - The historical performance of the Hong Kong Internet Index shows a mixed trend, with notable fluctuations over the past five years, including a peak increase of 109.31% in 2020 and a decline of 24.74% in 2023 [8]. - The index's performance indicates a potential for recovery, especially given the current low valuation levels compared to historical averages [6].

Summary of Key Points Core Viewpoint - Multiple companies conducted share buybacks on October 28, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent. Group 1: Buyback Details - China Feihe (06186) repurchased 5.174 million shares for a total of 21.6293 million yuan, representing 0.209% of its total share capital [1][2] - Lianyi Rong Technology (09959) repurchased 1.4625 million shares for 4.7622 million yuan, accounting for 3.638% of its total share capital [2] - Zhongxu Future (09890) repurchased 301,400 shares for 4.4130 million yuan, which is 1.270% of its total share capital [2] Group 2: Other Notable Buybacks - Mengniu Dairy (02319) repurchased 300,000 shares for 4.2977 million yuan, representing 0.563% of its total share capital [2] - Jitu Express (01519) repurchased 385,000 shares for 3.8812 million yuan, which is 0.014% of its total share capital [2] - Kangning Jereh Pharmaceutical (09966) repurchased 320,000 shares for 3.7683 million yuan, accounting for 0.117% of its total share capital [2] Group 3: Additional Companies Involved - Other companies involved in the buyback include: - Guichuang Tongqiao-B (02190) with 50,000 shares repurchased for 1.2065 million yuan [2] - Green City Services (02869) with 208,000 shares repurchased for 969,700 yuan [2] - Tianfu (06868) with 2,000 shares repurchased for 60,400 yuan [3]

Summary of Key Points - Company repurchased 100,000 shares at a total cost of HKD 1.267 million on October 28, 2025, with a share price range of HKD 12.57 to HKD 12.80 [1]