Trends in Beishui | Beishui traded net purchases of 2,139 billion, sold domestic bank stocks at Fenggao and net sold CCB (00939) over HK$1 billion throughout the day

The Zhitong Finance App learned that on August 31, in the Hong Kong stock market, Beishui traded a net purchase of HK$2,139 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2,058 million and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$81 million.

The individual stocks that Beishui Net bought the most were Jiantao Laminate (01888), Tencent (00700), and Changfei Optical Cable (06869). The individual stocks sold the most by Beishui Net were China Construction Bank (00939), Industrial and Commercial Bank (01398), and Huahong Hongli (01347).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Jiantao Laminate (01888) received a net purchase of HK$569 million. The leading copper-clad board company Jiantao Laminate issued the latest price increase notice, the seventh price increase in the year. Citi published a report to begin an upward catalytic observation on Jiantao laminates on the 30th. It is expected that the price of electronic grade glass fiber cloth will increase again in early September. Jiantao laminates may then announce an increase in the price of copper clad plate (CCL) in early October.

Tencent (00700) received a net purchase of HK$411 million. Tencent officially released and open-sourced the hybrid Hy4 preview language model, which will later replace the official version of Hy4; at the same time, Workbuddy released a 2-week free trial. CICC believes that as the two-way data between the model and agent gradually runs through a closed loop and the path to commercialization is becoming more clear, the market's previous certainty about the return on Tencent's AI investment is expected to continue to increase. It is optimistic about the company's strategic execution and ability to deliver on the AI long-term circuit, and still maintain a strong long-term victory rate.

SMIC (00981) received a net purchase of HK$54.61 million, while Huahong Hongli (01347) received a net sale of HK$291 million. According to Counterpoint data, the global pure wafer foundry market grew 29% year on year in the second quarter. Among them, TSMC topped the list for two consecutive quarters with a 73% market share, equivalent to ten times that of second-place Samsung (7%); SMIC ranked third with a 5% share.

Domestic bank stocks surged across the board today, and some of Beishui's capital was sold on the rise. ICBC (01398) and CCB (00939) were net sold at HK$578 million and HK$1.03 billion respectively. According to a research report released by Citibank, the operating profit of the 21 banks in China covered increased 9.9% year-on-year in the first half of the year, which was stronger than expected, benefiting from strong transaction earnings, resilient loan growth, and stabilizing net interest spreads. According to the bank, based on a sustainable return on equity of about 8% and a sustainable loan growth of about 5%, China's largest banks will gradually increase their dividend payout rate to about 40%.

In addition, Changfei Optical Fiber Cable (06869) and Alibaba-W (09988) received net purchases of HK$357 million and HK$28.06 million respectively. Meanwhile, Shandong Gold (01787) had a net sale of HK$95.31 million respectively.