Trends in Beishui | Beishui's net sale was 5.287 billion yuan, and Beishui clearly adjusted Cangke Network stocks and continued to sell chip stocks

The Zhitong Finance App learned that on December 12, the Hong Kong Stock Exchange had a net sale of HK$5.287 billion, of which the Hong Kong Stock Connect (Shanghai) transaction had a net sale of HK$6.595 billion, and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$1,309 billion.

The individual stocks that Beishuijing bought the most were Meituan-W (03690), Xiaomi Group-W (01810), and Seashell-W (02423). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), Tencent (00700), and Huahong Semiconductor (01347).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Meituan-W (03690) received a net purchase of HK$2,481 billion, while Alibaba (09988) had a net sale of HK$3.368 billion. According to the news, Morgan Stanley pointed out that with the recent introduction of the “Basic Requirements for Delivery Platform Service Management” by the General Administration of Market Regulation, takeout competition is expected to peak in the third quarter, and both Ali and Meituan have promised to ensure rational competition within the industry. Damo expects competition to gradually slow down starting in the fourth quarter.

Xiaomi Group-W (01810) received a net purchase of HK$2,361 billion. According to the news, Changjiang Securities released a research report saying that with the brand's exit and the continuous expansion of the company's offline channels, the company's smartphone high-end process has achieved remarkable results. The IoT business has grown rapidly, automobile production capacity has risen rapidly, and all businesses have entered the fast track. The company's adjusted net profit from 2025 to 2027 is 446, 515, and 62.2 billion yuan respectively, maintaining a “buy” rating.

Shell-W (02423) received a net purchase of HK$996 million. According to the news, Guojin Securities recently released a research report, believing that Shell's revenue and profit will inevitably decline this year due to factors in the real estate market. However, with AI technology empowerment and cost control, the company has shown strong alpha capabilities and far surpassed market performance. The bank is optimistic about the continued profit release of Shell's non-real estate trading business.

Kuaishou-W (01024) received a net purchase of HK$5.98. According to the news, DahuajiXian reported that Kuaishou Keling AI's revenue contribution in 2026 is expected to be higher than expected because it still focuses on user growth rather than profitability. The bank believes that Kuaishou's strong performance in monetization progress will form a moat in a competitive environment. Maintain Kuaishou's “buy” rating and target price of HK$88.

ZTE (00763) had a net sale of HK$156 million. According to the news, ZTE plans to use its own capital of 1 billion yuan to 1.2 billion yuan to buy back the company's shares. The company issued an announcement yesterday stating that the company is aware of recent news media reports on the company's compliance investigation involving the US Foreign Corruption Act. The company is communicating with the US Department of Justice on related matters and will resolutely protect its rights and interests through laws and other means.

SMIC (00981) and Huahong Semiconductor (01347) received net sales of HK$578 million and HK$735 million respectively. According to the news, Trump previously stated via social media that the US government will allow Nvidia to sell H200 artificial intelligence chips to China. Trump 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.

Additionally, China Mobile (00941), CNOOC (00883), and Tencent (00700) received net sales of 67.13 million, 467 million, and 996 million HK$996 million respectively.