科技巨头爆火，大资金连续11周加仓

Core Viewpoint - Southbound funds have shown a continuous net inflow for 19 weeks, indicating strong investor confidence in the Hong Kong stock market despite recent declines in major indices [5][6]. Group 1: Market Performance - Last week, major stock indices in the Hong Kong market experienced declines, with the Hang Seng Index down by 1.57%, the Hang Seng Tech Index down by 1.58%, and the Hang Seng China Enterprises Index down by 1.79% [6]. - Southbound funds recorded a net inflow of 439.59 billion HKD, marking a 19.29% increase week-on-week [6]. Group 2: Key Stocks - Alibaba-W saw the highest net buy amount from southbound funds last week, totaling 166.7 billion HKD, which accounted for 37% of the total net inflow for the week [6][7]. - Other notable stocks with significant net purchases included Tencent Holdings with 44.68 billion HKD and SMIC with 23.21 billion HKD [7]. Group 3: Stock Performance Highlights - Among the top active stocks, Sunac China Holdings had the highest weekly increase at 36.01%, followed by China Everbright Holdings at 29.47% and Hua Hong Semiconductor at 15.26% [7]. - Hong Kong Broadband saw a remarkable increase in southbound fund holdings, with a growth of 2281.73%, following a successful acquisition by China Mobile Hong Kong [10]. Group 4: Company Announcements - Sunac China Holdings announced a share buyback of 3.7 million shares, representing approximately 0.06% of its total issued shares, citing confidence in its long-term investment value [8]. - For the first half of 2025, Sunac reported a revenue of 2.503 billion HKD, a year-on-year decrease of 11.64%, but a net profit of 49.6 million HKD, reflecting a significant increase of 113.66% [8].