Beishui Trends | Beishui sold a net purchase of 5.585 billion, and Beishui continued to increase its inventory of innovative drug concepts to raise Xiaopeng Motors (09868) over HK$700 million throughout the day

The Zhitong Finance App learned that on June 12, the Hong Kong Stock Exchange had a net purchase of HK$5.585 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,851 billion, and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$1,733 billion.

The individual stocks that Beishui Net bought the most were Xiaopeng Automobile-W (09868), Cinda Biotech (01801), and China Construction Bank (00939). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), Tencent (00700), and CNOOC (00883).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaopeng Motor-W (09868) received a net purchase of HK$767 million. According to the news, He Xiaopeng, chairman and CEO of Xiaopeng Motor, said that competition among automobile companies will be very “bloody” in the next five years. The company's R&D expenses of about 4.5 billion yuan this year will focus on the AI field to increase the intensity of scientific research to meet intense market challenges. The company aims to achieve profit in the fourth quarter with huge expenses, and said that the financial situation in the second quarter was good.

Beishui continues to expand its portfolio of innovative drug concepts. Cinda Biotech (01801), Kangfang Biotech (09926), and CSPC Group (01093) received net purchases of HK$437 million, 222 million and HK$5.76 million respectively. According to the news, Pacific Securities said that with increased liquidity and risk appetite, data and BD catalysis are expected to become the main line throughout the year. Lyon, on the other hand, said that the innovative drug sector rebounded significantly in the first half of this year, mainly driven by a strong recovery in market liquidity and a series of unanticipated authorized exchanges. It is estimated that continued trading activity and steady corporate earnings performance in the second half of the year will all become the focus of market attention. The bank believes that the first phase of the biotech company's valuation repair has been largely completed.

Domestic bank stocks were further increased, and China Construction Bank (00939) and Bank of China (03988) received net purchases of HK$397 million and HK$138 million respectively. According to the news, Ping An Securities pointed out that the characteristics of the banking sector attract the attention of insurance investors. On the one hand, it stems from the sector's high dividend value, and on the other hand, the strategic significance of banking insurance channel synergy for insurance business expansion cannot be ignored. The bank stated,. Combining the demands of regulation to promote medium- to long-term capital entry into the market and commercial banks' perfect equity supervision system, we believe that high-quality banks are expected to become a “priority” for insurance capital, and insurance funds are expected to become a new source of incremental growth for the sector.

Bubble Mart (09992) received a net purchase of HK$140 million. According to the news, on June 11, the Surge reporter learned from people familiar with the matter that as IP popularity continues to rise, Bubble Mart began urgently looking for workers to resume work during the Spring Festival to expand production capacity to face surging consumer demand. The source believes that for brands, when market demand far exceeds the response speed of the supply chain.

Alibaba-W (09988) and Tencent (00700) had net sales of HK$1.64 billion and HK$831 million respectively. According to the news, HSBC released a research report saying that the market's confidence in the AI industry has wavered due to lower capital expenditure and cloud revenue growth than expected. However, with the acceleration of cloud business growth and the gradual integration of AI technology into the core business, market confidence is expected to gradually recover. The long-term growth potential of AI is still promising, particularly driven by improvements in cloud services and user metrics.

In addition, Xiaomi Group-W (01810) received a net purchase of 185 million yuan, while CNOOC (00883) received a net sale of HK$390 million.