Beishui Trends | Beishui's net sale of 4.901 billion yuan, Beishui once again sold Hong Kong stock ETFs, net sales of Yingfu Fund (02,800) of nearly HK$6.3 billion throughout the day

The Zhitong Finance App learned that on January 8, the Hong Kong Stock Exchange had a net sale of HK$4.901 billion, of which the Hong Kong Stock Connect (Shanghai) transaction had net sales of HK$3,968 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net sale of HK$933 million.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Tencent (00700), and SMIC (00981). The individual stocks sold the most by Beishui Net were Yingfu Fund (02800), Hang Seng China Enterprise (02828), and Southern Hang Seng Technology (03033).

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$1,071 million. According to the news, Macquarie released a research report saying that Xiaomi is expected to maintain revenue growth in 2026, driven by the expected doubling of revenue from the electric vehicle business and the steady growth of the Internet of Things business. Citi also said that pre-sale of the SU7 facelift will drive an increase in orders from Xiaomi, and the subsequent catalysts will be the official launch of the SU7 and the launch of the YU7 GT on the market.

Tencent (00700) received a net purchase of HK$863 million. According to the news, Zhongtai Securities released a research report saying that the first coverage gave Tencent Holdings a “buy” rating. The era of equal rights in AI technology and computing power is optimistic that China's Internet leaders will define the next decade. Domestic AI is leading technological innovation. In the era of equal rights in science and technology, the core of competition may shift to an open ecosystem. We expect Tencent to lead China's Internet industry towards a win-win situation.

Chip stocks have diverged. SMIC (00981) received a net purchase of HK$563 million, while Huahong Semiconductor (01347) had a net sale of HK$413 million. According to the news, Damo released a research report saying that there is still uncertainty about whether to approve the purchase of H200 chips from all cloud service providers, as it may affect the popularity of domestic chips, but it is expected that cloud service providers will use H200 in combination with local chips, especially in terms of reasoning requirements.

Goldwind Technology (02208) received a net purchase of HK$130 million. According to the news, the Blue Rocket Aerospace Science and Technology Innovation Board's IPO application was recently accepted. Goldwind Technology holds 4.1412% of Blue Rocket Aerospace's shares through its Jiang Han assets, making it the sixth largest shareholder. Yamato recently stated that any positive progress in the Blue Rocket Aerospace Science and Technology Innovation Board IPO, as well as positive news on commercial space policy, can bring further positive stock price catalysts to Goldwind and an opportunity for Goldwind to re-evaluate its valuation. Xiaomo, on the other hand, believes that Goldwind Technology's stock price has risen or overreacted because of Blue Arrow Aerospace.

Beishui sold Hong Kong stock ETFs, and Yingfu Fund (02800), Hang Seng China (02828), and Southern Hang Seng Technology (03033) were net sold at HK$6.284 billion, $2,877 billion, and HK$1,288 billion respectively. According to the news, Dongwu Securities believes that Hong Kong stocks have now entered a volatile upward period, and they still need to use dividends as a bottom position to grasp the growth of technology in the first half of the year. Southbound potential incremental capital insurance and fixed income + will continue to add value dividends. Considering valuation, from an AH comparative perspective, Southbound Capital will increase the allocation of Hong Kong technology growth stocks, but the Hong Kong stock technology market will still be affected by the pace of overseas interest rate cuts and the US stock technology market, and dynamic observation is needed.

Additionally, Alibaba-W (09988) received a net purchase of HK$350 million, while China Mobile (00941) received a net sale of HK$732 million.