Zhitong Financial APP learned that on November 25, the Hong Kong stock market saw a net purchase of 1.312 billion in North Water, including a net sale of HK $33 million in Hong Kong Stock Connect (Shanghai) and a net purchase of HK $1.345 billion in Hong Kong Stock Connect (Shenzhen).
The stocks that Beishuijing bought the most were Kuaishou Technology-W (01024), Smoore International Holdings Limited (06969) and Tencent (00700). Beishuijing's most sold stocks are Shunyu Optics (02382) and China Mobile Limited (00941).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
E-cigarette concept stocks were once again sought after by funds, with Smoore International Holdings Limited (06969) and BYD Electronic (00285) receiving a net purchase of HK $472 million and HK $174 million respectively. On the news side, according to media reports, the national standard information service public platform shows that the state of the national standard for electronic cigarettes (20171624-Q-456) has been changed to being drafted, while the status of the Gas Chromatography Standard for the determination of nicotine, propanediol and glycerol in electronic cigarette liquids (20172264-T-456) is still being approved. Guoyuan Securities pointed out that the market was worried about the risk of China's new tobacco being banned across the board, but inferred from the main contents of the current GB Commission, the risk of being banned no longer exists, and industry supervision is expected to be stricter. Head enterprises are expected to benefit from the process of industry standardization. The most pessimistic time in the industry has passed, and relevant policies are expected to fall early next year.
Kuaishou Technology-W (01024) received another net purchase of HK $648 million. On the news side, Kuaishou Technology released third-quarter results, with revenue of 20.493 billion yuan, an increase of 33.4% over the same period last year. UBS expects Kuaishou Technology's average monthly active users and daily active users to remain flat in the fourth quarter, e-commerce business growth will remain strong, and live streaming business stable; Nomura said Kuaishou Technology's performance in the third quarter beat expectations and maintained its "buy" rating; UBS issued a report saying that Kuaishou Technology's quarterly performance reflects a clearer profit path and new organizational structure, which is encouraging, and expects Kuaishou Technology to make a profit in 2023.
Tencent (00700) received a net purchase of HK $214 million. On the news side, according to CCTV news reports, according to the relevant deployment, the Ministry of Industry and Information Technology has adopted transitional administrative guidance measures to Tencent Company. The main requirement is that the upcoming new App products and updated versions of existing App products need to be technically tested by the Ministry of Industry and Information Technology before they are put on the shelves, and will be put on the shelves normally after passing the test. Morgan Stanley issued a report, believing that this is a normal compliance procedure, complies with the "personal Information Protection Law" and rectifies data leakage misconduct, and has a limited impact on Tencent's existing applications and newly released products. Morgan Stanley holds an "overweight" rating on Tencent, with a target price of HK $650.
China Resources Power Holdings (00836) received a net purchase of HK $161 million. On the news side, UBS released a research report, giving China Resources Power Holdings a target price of HK $29, with a rating of "buy". China Resources Power Holdings expects the coal-fired power generation business to perform better in the fourth quarter of 2021 than in the third quarter because of falling coal prices. At present, the company has about 22 coal stocks, which meets the requirements of the National Development and Reform Commission. In addition, the company has started contract negotiations to raise electricity prices in Henan, Jiangsu and Guangdong. Citing data from the company, the bank showed that in October this year, the company's utilization of coal-fired power generation reached 310 hours, a year-on-year decline of 8.5%, while wind power utilization reached 219 hours, a year-on-year increase of 11.4%.
Meituan-W (03690) will announce its results tomorrow, which will be increased by Northwater funds before the results, with a net purchase of HK $129 million for the whole day. On the face of the news, the market expects 2021Q3 Meituan's overall revenue to rise 37.2% year-on-year to 48.5 billion yuan. In addition, CITIC said that the average daily order volume of Meituan Q3 takeout is expected to increase by 26% compared with the same period last year, with a 28% increase in revenue. Meituan's phased competitive strategy is still to further consolidate market share by way of volume premium, and under the guidance of the current regulatory window is not eager to pursue the full realization of the takeout business, so the platform client subsidy rate continues to maintain a high level, and the subsidy rate for takeout members and high-frequency users has tended to be normal.
XIAOMI Group-W (01810) received a net purchase of HK $43.21 million. On the news side, S & P said that XIAOMI Group is expected to survive the chip shortage while maintaining a stable market position. XIAOMI's positive outlook reflects this view. S & P believes that the chip shortage is only temporary and a problem facing the industry as a whole, and will not weaken XIAOMI's competitive advantage. In the face of tight supply, XIAOMI has shown the ability to give priority to the production of high-end, high-profit models, which will make its position in the high-end market continue to rise.
In addition, Great Wall Motor (02333) received a net purchase of HK $34.95 million. Shunyu Optics (02382) and China Mobile Limited (00941) received a net sale of HK $164 million and HK $160 million respectively.