Ge Long Hui A P P·2026-01-26 13:00Group 1 - Southbound funds recorded a net sell of HKD 826 million in Hong Kong stocks for the second consecutive day, with notable net purchases in Tencent Holdings (HKD 1.015 billion), Xiaomi Group (HKD 822 million), and Pop Mart (HKD 613 million) [1] - Continuous net buying trends were observed for Xiaomi over the past 7 days, totaling HKD 3.89621 billion, and for CNOOC over 4 days, totaling HKD 1.09627 billion [1] - Significant net selling was noted for China Mobile over 16 days, amounting to HKD 12.89303 billion [1] Group 2 - Haitong International maintained a "Outperform" rating for Tencent Holdings with a target price of HKD 700, expecting total revenue of HKD 195 billion for Q4, a 13% year-on-year increase [5] - Xiaomi Group repurchased 4 million B shares for HKD 14.04 million on January 26 [5] - Citigroup reiterated a "Buy" rating for Pop Mart, forecasting growth driven by IP diversification and product innovation, with a target price of HKD 415 [6]