Beishui Trends | Beishui Trading made a net purchase of 2,262 billion, Beishui Jiacang Construction Bank (00939) and other domestic bank stocks continued to sell off Xiaomi Group (01810)

The Zhitong Finance App learned that on May 13, in the Hong Kong stock market, Beishui had a net purchase of HK$2,262 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,833 billion and a net sale of HK$1,572 billion on the Hong Kong Stock Connect (Shenzhen) transaction.

The individual stocks that Beishui Net bought the most were China Construction Bank (00939), Alibaba-W (09988), and CNOOC (00883). The individual stocks sold the most by Beishui Net were Tencent (00700), SMIC (00981), and Xiaomi Group-W (01810).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Kitamizu bank shares in the warehouse. CCB (00939) and ICBC (01398) received net purchases of HK$579 million and HK$287 million respectively. According to the news, the People's Bank of China announced the launch of a package of financial policies and measures on May 7. Open Source Securities said that under the turbulence of tariffs, the policy strength is mainly within reach, and there is still room for downgrades and interest rate cuts. It is optimistic about bank valuation repairs under the steady growth policy. The bank's performance is expected to be basically stable in 2025, and the growth rate of revenue and net profit will steadily pick up. Continue to be optimistic about the sustainability of the dividend stabilization strategy.

Alibaba-W (09988) received a net purchase of HK$533 million. According to the news, Alibaba will release its financial report on May 15. Morgan Stanley predicts that Alibaba's quarterly adjusted EBITA will rise 28% year-on-year to RMB 30.7 billion, benefiting from steady customer management revenue growth, better-than-expected cloud business profit margins, continued loss reduction in loss-making businesses, and low base effects. J.P. Morgan said that the market may ignore the impact of one-time disposal losses brought about by Alibaba's sale of Yintai and Gaoxin on non-GAAP net profit in the last fiscal quarter.

CNOOC (00883) received a net purchase of HK$353 million. According to the news, Bank of China International previously published a research report saying that CNOOC's profit for the first quarter of this year fell 8% year-on-year to 36.6 billion yuan, which was higher than the forecast. The main difference was due to higher than expected realized oil prices and lower than expected costs. According to the bank, if oil prices remain at current levels, the company's profit for the second quarter of this year will decline quarterly. However, Trump's fickle attitude towards his tariff war and his strategy towards Iran can cause oil prices to fluctuate greatly.

Xiaomi Group-W (01810) had a net sale of HK$149 million. According to the news, according to the First Financial Report, several prospective SU7 Ultra owners believe that their high-priced optional carbon fiber double air duct front hatch has false publicity problems. According to reports, several SU7 Ultra owners have formed rights protection groups, and the number of people defending their rights without damage has already exceeded 300. It is worth noting that, according to an official Weiwei article, Xiaomi car deliveries fell 3.4% month-on-month to 28,000 vehicles in April, showing negative growth for the first time.

SMIC (00981) had a net sale of HK$227 million. According to the news, Nomura released a research report saying that local demand from SMIC was strong in the first quarter, but the average selling price (ASP) was temporarily hampered. The report said that due to the interruption of SMIC's production in the first quarter of this year, revenue for the period increased 2% quarterly, below the guideline target. Management expects the impact of its equipment adjustments to continue into the second quarter, and expects revenue to drop 4-6% during the quarter. The forecast predicts that this temporary factor may cause the average sales price of 12-inch fabs in the first quarter to drop 10% from the previous quarter, and the average sales price for the second quarter is expected to drop 6% from the previous quarter, then pick up in the second half of 2025.

Additionally, China Mobile (00941) and Premium Choice (09880) received net purchases of HK$320 million and HK$252 million respectively. Meanwhile, BYD Electronics (00285) and Tencent (00700) were net sold at HK$8.67 million and HK$663 million respectively.