Beishui Trends | Beishui Deals Net Sales of 135 Million Dollars and Launches the Personal Intelligent Assistant “Qianwen Go!” Beishui rushed Ali (09988) to raise nearly HK$1.2 billion
The Zhitong Finance App learned that on October 14, in the Hong Kong stock market, Beishui traded net sales of HK$135 million. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$81 million and Hong Kong Stock Connect (Shenzhen) had net sales of HK$54 million.
The individual stocks that Beishuijing bought the most were Alibaba-W (09988), Kangfang Biotech (09926), and Meituan-W (03690). The individual stocks sold the most by Beishui Net were SMIC (00981), Changfei Optical Cable (06869), and Jiantao Laminate (01888).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Alibaba-W (09988) received a net purchase of HK$1,189 billion. According to several media reports, Ali's Qianwen Personal Agent “Qianwen Go!” It will be released soon. Judging from the sharing of some users who have already obtained test qualifications, Qianqu Go can help users process flight delay claims, apply for shopping price refunds, and inquire about car maintenance, reserve sports venues, etc., further expanding the scope of work of personal AI assistants.
Kangfang Biotech (09926) received a net purchase of HK$772 million. Kang Fang Biotech announced that it plans to place 20 million new shares, accounting for 2.13% of the expanded share capital. The net proceeds from the placement of $1,941 million will be used mainly for: 85% will be used for the construction of innovative R&D pipelines and platforms in the world and China, 5% will be used for commercialization of existing approved products, and 10% will be used for general corporate purposes.
Meituan-W (03690) received a net purchase of HK$278 million. UBS previously released a research report saying that competition in the mainland's rapid commerce and in-store markets is nearing a turning point, shifting from subsidy-led share competition to operational efficiency. The bank expects the transformation to be increasingly beneficial to Meituan's deep moat. With its efficient “user-delivery-merchant” flywheel model, the sharp recovery in profits in the second quarter of this year has been proven.
Tencent (00700) received a net purchase of HK$192 million. Tencent will raise US$5.7 billion by issuing RMB and US dollar bonds to support its increasing investment in the AI sector. The company has completed pricing for RMB 26 billion offshore bonds and has begun issuing US$1.8 billion of bonds. The offering will be Tencent's largest offshore bond offering since 2020.
Jiantao laminate (01888) was sold in net sales of HK$337 million. On October 14, Jiantao Laminated Board Sales issued the latest round of price increase letters. Citi published a research report stating that this price increase did not cover all CCL, but only for high-end products. The bank believes that as long as inflationary pressure continues, it is only a matter of time before the price increase for thick cloth is ultimately a matter of time. According to the bank, Jiantao Laminate's stock price fell by more than 15% in the past week due to negative macroeconomic news, but it was not a problem with the company itself.
SMIC (00981) had a net sale of HK$784 million. Lyon released a research report saying that demand for semiconductors in China remained stable in the third quarter, but tight upstream supply dragged down delivery. The bank said that, driven by demand for AI-related chips, the return of overseas orders, and localized manufacturing, the capacity utilization rate remains high, and the average sales price continues to rise quarterly, but investment in additional production capacity and depreciation of advanced manufacturing processes will limit the improvement of profit margins.
In addition, CNOOC (00883), Kingsley Biotechnology (01548), and Changfei Optical Fiber Cable (06869) were net sold at HK$68.41 million, $207 million, and HK$493 million respectively.