Analysis of CCASS shareholding changes for 2228 (2025-04-15 to 2025-05-08)

It's not far from full circulation. A good stock must go through the test of full circulation. Hodler!

$XTALPI(02228.HK)

AI has done some statistics, as follows:

Changes in Overall Market Concentration

• The cumulative shareholding ratio of the top 30 holders has increased significantly from 58.7% to 84.69%, indicating a clear rise in market concentration (mainly due to increased holdings by institutions after the lock-up period)
• The cumulative shareholding ratio of the top 5 holders has increased from 41.65% to 52.55%

Changes in Major Holder Rankings

1. Hongkong and Shanghai Banking Corporation (C00031):
   • Jumped from 5th to 1st place
   • Shareholding increased from 153,258,051 shares to 550,546,077 shares
   • Shareholding ratio rose sharply from 3.36% to 13.7%
2. China Securities Depository and Clearing Corporation (A00001):
   • Originally ranked 1st with 476,063,746 shares
   • No longer appeared in the top 30 as of May 8
   • Seems to have been replaced by A00004 (same-name institution), ranked 2nd with 476,828,644 shares
3. China Securities Depository and Clearing Corporation (A00003):
   • Dropped from 2nd to 3rd place
   • Shareholding slightly decreased from 458,475,726 shares to 453,230,726 shares
   • Shareholding ratio fell from 11.41% to 11.27%
4. Futu Securities International (B01955):
   • Remained in 4th place
   • Shareholding increased from 334,780,976 shares to 361,404,237 shares
   • Shareholding ratio rose from 8.33% to 8.99%
5. Bank of China (Hong Kong) (C00033):
   • Dropped from 4th to 5th place
   • Shareholding slightly increased from 269,712,577 shares to 270,438,577 shares
   • Shareholding ratio edged up from 6.71% to 6.73%

New Entries and Exits

• New Entries:
  • Merrill Lynch Far East (B01224): Newly entered at 6th place with 267,974,267 shares (6.67%)
  • China Galaxy International Securities (B01929): Newly entered at 30th place with 5,949,000 shares (0.15%)

Other Notable Changes

• CMB International Securities (B01901) saw its shareholding ratio rise sharply from 1.76% to 6.58%
• China International Capital Corporation (B01654) saw its shareholding ratio rise sharply from 0.6% to 3.54%
• Morgan Stanley Hong Kong Securities (B01274) rose from 21st to 16th place

Overall, during these three weeks, the Hong Kong stock market showed a clear trend of concentration, with major financial institutions significantly increasing their shareholding ratios, particularly the Hongkong and Shanghai Banking Corporation's substantial increase being the most notable. (Mainly due to disclosures by institutions after the lock-up period)

I still hold my original view: stocks willing to circulate at the current price level have basically dried up........