Zhitong Financial APP learned that on June 30, the Hong Kong stock market saw a net purchase of 7.52 billion in North Water, with a net purchase of HK $3.541 billion in Hong Kong Stock Connect (Shanghai) and HK $3.979 billion in Hong Kong Stock Connect (Shenzhen).
The stocks that Beishuijing bought the most were Tencent (00700), China Construction Bank Corporation (00939) and Industrial and Commercial Bank of China (01398). The most sold stock of Beishuijing is China Electric Power (02380).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
Tencent (00700) received a net purchase of HK $1.438 billion. On the face of the news, Tencent previously announced that the company's main shareholder Naspers Group will sell the company's shares. Daiwa said that the reduction plan appears to have a negative impact on the company's share price in the short term, as the reduction plan may be significantly adjusted, but believes that the actual sale of shares may be less than the big deal carried out a few years ago. In addition, JD.com announced that the company has renewed the strategic cooperation agreement with Tencent for a period of three years. Tencent will continue to provide significant primary and secondary access portals to the Company on its Wechat platform to provide traffic support, and the two sides also intend to continue to cooperate in the fields of communications, technical services, marketing and advertising and membership services.
Beishui Capital renewed its pursuit of Bank of China stocks, with China Construction Bank Corporation (00939) and Industrial and Commercial Bank of China (01398) getting a net purchase of HK $1.028 billion and HK $475 million, respectively. On the news, according to the China Securities News, data from the Bancassurance Regulatory Commission showed that at the end of the first quarter, commercial banks made a cumulative net profit of 659.5 billion yuan, an increase of 7.4 percent over the same period last year. Experts believe that the low base effect is no longer, commercial banks net profit growth back to normal, but still maintain a considerable momentum of growth. At the same time, the revenue structure of commercial banks continues to optimize, and the ability of cost control continues to remain at a high level. From the perspective of listed banks, Huatai analyst Shen Juan believes that the banking sector in the second half of the year will focus on stable growth, real estate market repair, post-epidemic recovery of the three main lines. The net profit of listed banks is expected to grow by 7.5% in 2022 compared with the same period last year.
Auto stocks continued to gain domestic exposure, with Li Auto Inc.-W (02015), Geely Automobile (00175) and Byd Company Limited (01211) receiving net purchases of HK $390 million, HK $342 million and HK $93.84 million respectively. On the news side, the agency is still optimistic about the growth prospect of car sales. According to a research report released by CICC, the total number of cars registered in the first three weeks of June reached 1.168 million, believing that the automobile consumption stimulus policy has initially had a strong pulling effect on the demand side, and that car sales are expected to achieve a month-on-month growth in June. Citic Construction Investment said that June and August are expected to be a strong support for the increase in sales for the whole year, and sales will continue to exceed expectations as new power capacity climbs and new models are delivered from the third quarter, helping to hit 6.5 million new energy vehicle sales for the whole year.
CNOOC Limited (00883) received a net purchase of HK $371 million. On the face of the news, OPEC+ agreed to increase production by 648000 b / d in both July and August, far exceeding the current rate of 432000 b / d, an increase of about 50%. This decision will also speed up the process of OPEC completely reversing its several-year production cuts to ease global crude oil supply. However, the data showed that OPEC+ supplied more than 500m barrels of oil to the global market than it had promised, adding to concerns about the organisation's ability to supply.
Tsingtao Brewery (00168) received a net purchase of HK $211 million. On the face of the news, Soochow Securities said it was optimistic about the increase in beer prices and the expected profits of leading manufacturers under high-end technology. Rising costs and the long-term high-end trend of the industry promote the upgrading of beer products on the supply side, so as to meet consumers' growing demand for high-quality consumption, and market concentration can be further enhanced in the future. Zhongtai Securities said that in the short term, with the repair of the epidemic and the heat of the weather, it is recommended to actively pay attention to the rise in volume and prices of beer in the peak season.
HKEx (00388) received a net purchase of HK $92.98 million. On the news side, the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission issued a joint announcement saying that they have decided to approve the two exchanges to formally incorporate qualified exchange-traded funds (exchange-traded funds) into the trading interconnection mechanism between the mainland and Hong Kong stock markets. ETF transactions under Interconnection will begin on July 4, 2022.
New Oriental Education & Technology Group online (01797) received a net purchase of HK $16.94 million. According to news, the number of followers on New Oriental Education & Technology Group's Oriental selection Douyin account exceeded 20 million on June 29th. Yu Minhong, founder of New Oriental Education & Technology Group, said that to build a three-dimensional sales platform, Oriental selection will also consider other platforms, even self-built platforms, in addition to Douyin. Yu Minhong also revealed that New Oriental Education & Technology Group is still building a third live broadcast platform, or building a platform for educational communication.
In addition, Li Ning Co. Ltd. (02331) and XIAOMI Group-W (01810) received net purchases of HK $216 million and HK $83.57 million respectively. China Electric Power (02380) received a net sale of HK $91.14 million.