Beishui Trends | Beishui sold a net sale of 1,018 billion, Beishui continued to increase its inventory of Xiaomi (01810) and sold Yingfu Fund (02,800) to exceed HK$1.5 billion

The Zhitong Finance App learned that on December 10, the Hong Kong Stock Exchange had a net sale of HK$1,018 billion, of which the Hong Kong Stock Connect (Shanghai) transaction had a net sale of HK$3,221 billion, and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$2,203 billion.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Agricultural Bank (01288), and Alibaba-W (09988). The individual stocks sold the most by Beishui Net were Yingfu Fund (02800), Tencent (00700), and SMIC (00981).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$619 million. According to the news, Xiaomi China has recently begun a series of personnel adjustments involving core operating positions such as mobile phones, automobiles, and major appliances. According to the report, Wang Xiaoyan personally oversaw sales and operations, pushed stores to shift from scale expansion to quality improvement, closed inefficient stores to focus on high-potential markets, and completed the upgrading of 3,000 stores before the end of the year to create a “full ecosystem of people and cars” experience.

Domestic bank stocks continued to diverge. Agricultural Bank (01288) received a net purchase of HK$394 million, while CCB (00939) had a net sale of HK$123 million. According to the news, some major banks said that market concerns about asset quality risks for key housing enterprises have been revived. CITIC Securities said earlier that the positive effect of “advancing” real estate debt disposal is stronger than “waiting,” helping key housing enterprises to keep their real estate debts sustainable. Overall, the impact on the quality of bank housing loans is limited.

Alibaba-W (09988) received a net purchase of HK$342 million. According to the news, on December 10, Alibaba's official information showed that its AI app “Thousand Questions” had only 23 days since the full public beta on November 17, and the number of monthly active users had broken the 30 million mark, making it one of the fastest growing AI applications in the world. The Qianwen App opens four new features to all users: AIPPT, AI Writing, AI Library, and AI Topics for the first time.

Changfei Optical Fiber Cable (06869) received a net purchase of HK$246 million. According to the news, Changfei Optical Fiber Cable announced this morning that it plans to place a total of 70 million shares, each at HK$32.26, at a discount of 14.93% from the closing price on December 9. The net proceeds from the placement amount to about HK$2.23 billion, of which about 80% will be used to develop overseas business, and the balance will be used as working capital. The company stated that the placement will help enhance the company's liquidity and financial position and optimize its capital structure.

Horizon Robot-W (09660) received a net purchase of HK$59.63 million. According to the news, Lyon released a research report saying that raising the horizon 2026-2027 R&D expenditure is estimated at nearly 1 billion yuan. The bank believes that the current Horizon stock price fully reflects negative factors, and there is more room for upward movement. The bank expects that the implementation of J6P's customer certification in the next few months and the adoption of the HSD600 by leading domestic automakers will be the core catalyst, so it will maintain the “outperforming the market” rating.

SMIC (00981) had a net sale of HK$450 million. According to the news, Trump recently stated that the US government will allow Nvidia to sell H200 artificial intelligence chips to China. Trump also said that the US Department of Commerce is finalizing the details of the relevant arrangement, and the same arrangement will also apply to other artificial intelligence chip companies, such as Ultramicrosemiconductor and Intel.

Yingfu Fund (02800) had a net sale of HK$1,558 billion. According to the news, Haitong International pointed out that after last week's market contraction and turbulence, it is expected that the rebound will continue this week, driven by rising policy expectations, but the intensity of the rebound still depends on the strength of policy implementation and whether the Federal Reserve cuts interest rates. At the same time, if the market fully gambles ahead of schedule, it is also necessary to be wary of the risk that capital loans can be easily realized.

Additionally, Meituan-W (03690), CNOOC (00883), and Bubble Mart (09992) received net purchases of HK$320 million, $269 million, and HK$179 million respectively. Meanwhile, Tencent (00700) had a net sale of HK$605 million.