Beishui Trends | Beishui Trading made a net purchase of 14.02 billion, and Beishui raised the AI industry chain to buy Ali (09988) nearly HK$2.4 billion throughout the day

The Zhitong Finance App learned that on August 18, in the Hong Kong stock market, Beishui traded a net purchase of HK$14.02 billion. Among them, Hong Kong Stock Connect (Shanghai) had net purchases of HK$9.793 billion and Hong Kong Stock Connect (Shenzhen) had net purchases of HK$4.208 billion.

The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Alibaba-W (09988), and SMIC (00981).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Yingfu Fund (02800) received a net purchase of HK$3.508 billion. Guoyuan International believes that Hong Kong stocks clearly outperformed US stocks and major Asian markets while expectations of overseas interest rate hikes continued to cool down last week, indicating that overseas interest rates have gradually changed from major suppressing factors to marginal benefits, while domestic fundamentals, profit expectations, and incremental capital are becoming more important pricing variables. The trending rise still awaits improvements in domestic demand and earnings, as well as further southbound and foreign capital inflows.

Alibaba-W (09988) received a net purchase of HK$2,399 billion. China Merchants Securities said that as domestic and foreign cloud vendors unleash growth flexibility and gradually clarify return on investment paths and returns, the value of the domestic and foreign AI industry chain shifts to CSP vendors. As the largest cloud vendor in China, Alibaba Cloud's full-stack AI layout builds competitive barriers. The capabilities of the new model QwEN3.8max have jumped dramatically, and it is optimistic about Alibaba Cloud's steady competitiveness, growth potential and profit space.

SMIC (00981) and Huahong Hongli (01347) received net purchases of HK$1.18 billion and HK$184 million respectively. Citigroup released a research report saying that both SMIC and Huahong handed over better-than-expected second-quarter results, confirming that the recovery of China's foundry industry has expanded from artificial intelligence accelerators to mature manufacturing processes and specialty products. The bank raised SMIC and Huahong's 2026/27 earnings forecasts per share by 10% to 39% to reflect increased profitability brought about by improved pricing and capacity utilization prospects. The bank maintains a “buy” rating for SMIC and Huahong.

Jiantao Laminate (01888) received a net purchase of HK$887 million. CITIC Securities released a research report saying that looking ahead to 2026H2, in the PCB sector, the growth momentum of the release of new AI production capacity and accelerated delivery of goods by downstream AI customers will be more prominent. The bank is optimistic that PCB company's performance will accelerate growth; the CCL sector is expected to continue to rapidly implement price increases in the short term, and the certainty that medium- to long-term prices will remain high is also increasing, and it continues to be optimistic about future investment opportunities in the sector.

Mega Easy Innovation (03986) received a net purchase of HK$569 million. SK Hynix Chairman Choi Tae-won once again emphasized the explosive growth in storage demand and said that the worst “storage shortage” will occur next year. According to Caixin Securities, the storage industry is in a super boom cycle driven by AI computing power, showing a booming pattern of tight supply and demand and a sharp rise in volume and price.

Smart Spectrum (02513) received a net purchase of HK$501 million. On August 14, Zhi Spectrum released its latest flagship model, GLM-5.3. BOC International released a research report saying that in the short term, you can pay attention to updates to GLM-5.3 from Artifical Analysis and the Arena.ai list. If the ranking is updated, it should reflect the improvement in the GLM-5.3 model's capabilities. Meanwhile, the company announced its interim results at the end of August. At that time, it is expected that further discussions will be held on the current ARR growth rate and the increase in the ARR target at the end of the year.

In addition, Yao Ming Biotech (02269), Changfei Optical Fiber Cable (06869), and Tencent (00700) received net purchases of HK$435 million, $291 million, and HK$49.41 million respectively.