Zhitong Financial APP learned that on the Hong Kong stock market on October 26, there was a net sale of 2.039 billion in Beishui, including HK $1.938 billion in Hong Kong Stock Connect (Shanghai) and HK $102 million in Hong Kong Stock Connect (Shenzhen).
The stocks that Beishuijing bought the most were Kuaishou Technology-W (01024), Dongyue Group (00189) and Sunac China (01918). The stocks sold most by Beishuijing are Tencent (00700), Li Ning Co. Ltd. (02331) and Yanzhou Coal (01171).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
Coal stocks were sold off by Beishui Capital today, Yanzhou Coal shares (01171) and China Shenhua Energy (01088) were sold net of HK $274 million and HK $71.38 million, respectively. On the news side, Xiaomo released a research report that the worst of the coal shortage has passed. The bank pointed out that the important change in the government's attitude towards domestic coal output and the normalization of demand in the fourth quarter will change the current coal shortage. It is expected that next year, coal prices will be adjusted back below 900 yuan per metric ton, and coal stocks will be downgraded. The bank said that despite the strong performance of China Shenhua Energy and Yanzhou Coal in the third quarter, the positive factors have been reflected in the stock price, and the market will focus on the volatility of the coal market in the short term, and the bank estimates that the relevant situation will drag down the trading sentiment of the sector. as a result, China Shenhua Energy was downgraded from "overweight" to "underweight", and the target price was reduced from HK $23 to HK $15. Yanzhou downgraded its rating from "neutral" to "underweight" and its target price from HK $12 to HK $10.
Kuaishou Technology-W (01024) received another net purchase of HK $286 million. On the face of the news, UBS released a research report saying that it gave Kuaishou Technology a "buy" rating and kept its 2021 GMV forecast unchanged at 664 billion yuan, saying that Kuaishou Technology's valuation was attractive, equivalent to 3 times the forecast price-to-sales ratio in 2022, while the industry average was about 4 times. the target price was raised from HK $104to HK $140. The company's growth in daily active users (DAU) and monthly active users (MAU) in the third quarter was in line with expectations, reflecting the ability to retain its core user base, the report said. UBS said the data showed that Kuaishou Technology's user engagement had increased, mainly from film content investment during the period, including skits and Olympic-related insiders, as well as algorithm adjustments. Kuaishou Technology's advertising revenue is expected to grow by 101 per cent this year compared with the same period last year.
Dongyue Group (00189) received a net purchase of HK $134 million. On the news side, founder Securities reported that PVDF is widely used in coatings, injection molding, lithium electricity, photovoltaic and other fields, of which paint is the main use, accounting for more than 30% of PVDFs are mainly used as binders in lithium batteries, accounting for about 2% of battery costs. 3%. The technical barrier of high-end PVDF is high, and the supply growth of raw material R142b is limited; the bank expects the total demand of PVDF in 21-22 years to be 5.880 billion tons and 72000 tons. Assuming the price per ton is 300000 yuan, the industry scale can reach 170 billion yuan and 21 billion yuan. This round of PVDF is stimulated by lithium demand: the previous consumption of lithium PVDF is only a few thousand tons. With the rapid release of new energy vehicles and the increasing proportion of iron and lithium, lithium PVDF is expected to grow at a compound annual growth rate of more than 50%.
The share price of China Resources Beer (00291) rose today, with some Beishui funds selling at high prices, with a net sales of HK $205 million for the whole day. On the news, Morgan Stanley released a research report saying that China Resources Beer's "overweight" rating is expected to rise in the next 60 days, with a probability of 70% to 80%, with a target price of HK $78. According to the report, the company's recent stock price adjustment believes that value is emerging, and it is believed that the adjustment has roughly reflected a 6% year-on-year decline in industry sales in the third quarter of this year. According to the bank, China Resources Beer's high-end trend is stable, driven by major sub-brands and above products, including Super X, Heineken and Marrsgreen.
Li Ning Co. Ltd. (02331) received a net sale of HK $411 million. On the face of the news, the equity information of the Hong Kong Stock Exchange shows that on October 20, Li Ning Co. Ltd. reduced his holdings of 2.265 million shares by JPMorgan Chase & Co, with an average price of HK $90.8863 per share and a capital of about HK $206 million. After the reduction, JPMorgan Chase & Co's latest number of shares is 124 million shares, with the proportion of shares reduced from 5.07 per cent to 4.98 per cent.
In addition, Sunac China (01918) and Great Wall Motor (02333) received net purchases of HK $29.58 million and HK $26.99 million respectively. Tencent (00700), China Construction Bank Corporation (00939) and time Electric (03898) received a net sale of HK $535 million, HK $216 million and HK $157 million respectively.