Beishui Trends | Beishui Trading made a net purchase of 2,415 billion, Beishui added positions to Tencent (00700) and other tech network stocks and sold AI hardware throughout the day

The Zhitong Finance App learned that on November 6, in the Hong Kong stock market, Beishui traded a net purchase of HK$2,415 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,908 billion, and Hong Kong Stock Connect (Shenzhen) had a net sale of HK$1,493 billion.

The individual stocks that Beishui Net bought the most were Tencent (00700), Meituan-W (03690), and Alibaba-W (09988). The individual stocks sold the most by Beishui Net were Changfei Optical Fiber Cable (06869) and Jiantao Laminate (01888).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Tencent (00700) received a net purchase of HK$760 million. On November 4, Mixture released the latest generation of big language model Hy4. Yamato believes that Hy4 is a steady incremental improvement, enabling Tencent to enter the upper echelon of the open source model and strengthening the agent productivity base for cloud, workplace, and consumer products; the upcoming Hy4 Flash material will further strengthen its cost-effective positioning.

Meituan-W (03690) received a net purchase of HK$655 million. Everbright Securities released a research report on Meituan saying that the takeout market share has stabilized at more than 60%, the competitive pattern tends to be rational, and the core business has achieved monthly profits. The scale of instant retail is rapidly expanding, overseas Keeta's layout is smooth, physical AI strategies are building long-term barriers, and progress in reducing losses and increasing efficiency has exceeded expectations.

Alibaba-W (09988) received a net purchase of HK$595 million. Lyon published a research report saying that Ali's performance for the second fiscal quarter ending in September is expected to be strong, cloud business growth will accelerate, e-commerce business will stabilize, and immediate retail losses will narrow markedly. The bank expects the Group's revenue to increase by 8.9% year-on-year to RMB 270 billion, and adjusted EBITA to soar by 230% year-on-year to RMB 29.7 billion.

Huahong Hongli (01347) received a net purchase of HK$377 million. Huahong Hongli announced that in the third quarter, it achieved operating income of 6.706 billion yuan, an increase of 13.95% year on year, and net profit of 835 million yuan, an increase of 136.14% year on year. Hualiwei was officially included in the scope of the consolidated statement for the third quarter. The consolidated statement for the first quarter showed significant financial gains and operational synergy; after excluding the impact of Huahong's minor merger, the sales revenue and gross margin of Huahong Hongli's original business both exceeded the upper limit of the previous quarter's guidance.

Smart Spectrum (02513) received a net purchase of HK$73.92 million. Komo released a research report saying that demand for AI models in China is between the two stages of demand for programming and more extensive white-collar work. Demand for AI other than programming appeared later than the bank's original expectations, but the bank believes that the market is too pessimistic, remains optimistic about the sector, and uses intelligent spectrum AI as the first choice.

Changfei optical fiber cable (06869) and Jiantao laminated board (01888) were net sold at HK$770 million and HK$725 million respectively. Less than 24 hours after the US midterm election results were released, US Congressman Asamin Ansari said that the Democratic Party needs to suspend the development of advanced artificial intelligence, monitor uncontrolled industries, and ban artificial superintelligence at the top of the agenda on the first day. Texas governor-designate Gina Hinojosa also said, “We must stop current data center projects before implementing relevant measures to protect Texans.”

In addition, SMIC (00981) and Zhongji Innox (03308) received net purchases of HK$11.93 million and HK$9.98 million respectively.