2025.12.22-2025.12.28：港股市场回购统计周报-20251230

Group 1: Weekly Buyback Statistics - The total buyback amount for the week was HKD 3.067 billion, a decrease of HKD 1.954 billion from the previous week[10] - A total of 66 companies conducted buybacks this week, down by 9 companies compared to last week[10] - Tencent Holdings (0700.HK) led the buybacks with an amount of HKD 1.907 billion, followed by Xiaomi Group-W (1810.HK) with HKD 445 million[10] Group 2: Industry Analysis - The information technology sector accounted for the majority of buyback amounts, totaling HKD 2.684 billion[13] - The healthcare sector had the second-highest number of companies participating in buybacks, with 10 companies involved[13] - The consumer discretionary sector ranked third, also with 10 companies conducting buybacks[13] Group 3: Company-Specific Data - Kuaishou-W (1024.HK) had a buyback amount of HKD 234.35 million, representing 0.08% of its total share capital[14] - China Merchants Industry Holdings (1919.HK) repurchased shares worth HKD 149.31 million, accounting for 0.07% of its total share capital[14] - Kingsoft Corporation (3888.HK) executed a buyback of HKD 39.99 million, which is 0.10% of its total share capital[14] Group 4: Buyback Significance - Share buybacks are defined as companies repurchasing their own shares from the secondary market, often signaling that the stock is undervalued[23] - Large-scale buyback trends typically occur during bear markets, indicating companies' confidence in their stock's intrinsic value[23] - Historical data shows that the Hong Kong market has experienced five buyback waves since 2008, all coinciding with subsequent market uptrends[23]