Beishui Trends | Beishui made a net purchase of 1,257 billion, Beishui continued to increase its inventory of Xiaomi (01810) and sold Yingfu Fund (02,800) to exceed HK$1.4 billion

The Zhitong Finance App learned that on December 18, in the Hong Kong stock market, Beishui traded net purchases of HK$1,257 billion, of which Hong Kong Stock Connect (Shanghai) had net sales of HK$1,095 billion and Hong Kong Stock Connect (Shenzhen) had net purchases of HK$2.353 billion.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Meituan-W (03690), and Changfei Optical Fiber Cable (06869). The individual stocks sold the most by Beishui Net were Yingfu Fund (02800), China Mobile (00941), and CNOOC (00883).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$903 million. According to the news, Goldman Sachs published a research report stating that Xiaomi is rapidly developing its artificial intelligence infrastructure and application capabilities, and has emerged as a top open source model developer, which will accelerate the intelligent integration of its “entire ecosystem of people, vehicles, and households.” The bank continues to expect Xiaomi to bring more AI-related results and expand AI applications into its expanding ecosystem.

Changfei Optical Fiber Cable (06869) received another net purchase of HK$369 million. According to the news, Changfei Optical Fiber and Cable announced that it has completed the placement of 70 million new H shares. The net proceeds will be approximately HK$2,229 billion, and about 80% will be used to develop the company's overseas business. The company's optical interconnection component business such as MPO, AOC, and high-speed copper cables through its subsidiary Changxin Bochuang has become a strong growth point. Benefiting from the construction of AI data centers in North America, the company's overseas business continues to expand.

Agricultural Bank (01288) received a net purchase of HK$211 million. According to the news, according to the latest equity disclosure data from the Stock Exchange, on December 11, Agricultural Bank received an increase of about 124 million shares from Ping An Asset Management, involving about HK$708 million. Its shareholding ratio increased from 23.61% to 24.01%. Furthermore, CICC released a research report saying that bank stock operating income and net profit are expected to rise year by year next year, and the pressure on net interest spreads will narrow further.

Chip stocks are once again diverging. SMIC (00981) received a net purchase of HK$92.94 million, while Huahong Semiconductor (01347) received a net sale of HK$201 million. According to the news, Trump recently announced that he will allow Nvidia to export its H200 artificial intelligence chips to “approved customers”, including China, on the condition that the US government will receive a 25% share of these sales. Donghai Securities said that this move may speed up the AI model training process in China. On the other hand, it may put pressure on domestic AI chip manufacturers to expand the market and build an ecosystem in the short term.

CICC (03908) received a net purchase of HK$2.56 million. According to the news, Bank of America Securities published a research report stating that CICC plans to acquire Dongxing Securities and Cinda Securities for 114 billion yuan. The bank believes that the key to this acquisition is capital replenishment, so that CICC can achieve growth in the short term, while synergy effects in wealth management and investment banking business can be achieved in the medium term.

Yingfu Fund (02800) had a net sale of HK$1,422 million. According to the news, China Merchants Securities believes that the recent weakening of Hong Kong stocks is due to the crowding out effect of south-bound capital returning to A-shares and groups due to the new public offering benchmark regulations, concerns about the wave of IPO financing, the arrival of the peak of the lifting of the ban, the decline in profits, and disturbances in overseas liquidity. Looking ahead to the future market, Hong Kong stocks are expected to usher in a New Year's Eve market as the return of capital to the south and weakening of groupings, the phased easing of IPO supply pressure and ban amounts, the restoration of profits, and the release of overseas liquidity. Breakthroughs in domestic scientific and technological progress, embarking on the path of independence, etc.

Additionally, Meituan-W (03690) and Tencent (00700) received net purchases of HK$434 million and HK$107 million respectively. Meanwhile, Alibaba-W (09988), CNOOC (00883), and China Mobile (00941) received net sales of HK$155 million, $225 million, and HK$129,400 respectively.