Beishui Trends | Beishui Trading sold a net sale of 3.414 billion yuan, sold Kewang shares, and sold Ali (09988) over HK$1 billion throughout the day
The Zhitong Finance App learned that on December 29, the Hong Kong Stock Exchange had a net sale of HK$3,414 million, of which the Hong Kong Stock Connect (Shanghai) transaction had a net sale of HK$331 million and the Hong Kong Stock Connect (Shenzhen) transaction had a net sale of HK$30.84.
The individual stocks that Beishui Net bought the most were China Merchants Bank (03968), Huahong Semiconductor (01347), and Jiangxi Copper Co., Ltd. (00358). The individual stocks sold the most by Beishui Net were China Mobile (00941), Alibaba-W (09988), and Zijin Mining (02899).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
China Merchants Bank (03968) received a net purchase of HK$971 million. According to news, AIC CMB Investment, a subsidiary of China Merchants Bank, was unveiled in early December. On December 24, Changan Automobile issued an announcement stating that the subsidiary Deep Blue Auto plans to increase capital and expand its shares. Two additional investors — Yufu Group and CMB Investment — plan to increase the capital of Deep Blue by 2.5 billion yuan and 500 million yuan respectively in cash, making it the second and ninth largest shareholders of Deep Blue Motor. Not long ago, Deep Blue was granted a special license plate for L3 autonomous driving.
Chip stocks diverged again. Huahong Semiconductor (01347) received a net purchase of HK$262 million, while SMIC (00981) received a net sale of HK$75.2 million. According to the news, according to a report from the Science and Technology Innovation Board, SMIC and World Advanced have recently issued price increase notices to downstream customers, and the current price increase is mainly focused on the 8-inch BCD process platform, and the price increase is around 10%. Combined with the capacity utilization rate of fab factories and the high level of downstream prosperity, it is expected that other fabs with BCD processes are expected to follow up the price increase plans for related product lines.
Jiangxi Copper Co., Ltd. (00358) received a net purchase of HK$22.59 million. According to the news, Jiangxi Copper Co., Ltd. announced that it plans not to exceed 764 million pounds to acquire all of the issued and upcoming issued share capital of Sol Gold. The company has been a shareholder of Sol Gold since November 2020. Currently, it is the largest single shareholder of Sol Gold and holds about 12.2% of Sol Gold's issued share capital. Sol Gold's flagship project Cascabel is located in Imbabura province in northern Ecuador. It is one of the most important undeveloped porphyry-type copper-gold deposits in the world, and is expected to become an iconic mining project in South America.
Tencent (00700) and Alibaba-W (09988) had net sales of HK$318 million and HK$1,024 million respectively. According to the news, Dongwu Securities said earlier that Hong Kong stocks may have short-term market conditions, but it is still recommended to keep an eye on it. The current location is attractive in terms of medium- to long-term configurations. US stocks are expected to have a “Christmas market” in the short term. There are signs of a rebound in US technology stocks. Hong Kong stock technology may resonate with US stock technology, but lifting the ban will still disrupt Hong Kong stocks. Furthermore, the allocation of Hong Kong stocks still requires position control. The bank is worried that there is still a risk of a pullback in US stocks in January.
Additionally, CNOOC (00883), Zijin Mining (02899), and China Mobile (00941) received net sales of HK$228 million, $621 million, and HK$1,449 million respectively.