Zhitong Financial APP learned that on the Hong Kong stock market on September 23, Beishui bought a net 2.815 billion, of which Hong Kong Stock Connect (Shanghai) bought HK $1.641 billion and Hong Kong Stock Connect (Shenzhen) bought HK $1.174 billion.
The stocks that Beishuijing bought most were China Mobile Limited (00941), Tencent (00700) and CNOOC (00883). The stocks sold most by Beishuijing are Yanzhou Mining Energy (01171), Sunny Optical (02382) and COSCO Shipping Holdings (01919).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
China Mobile Limited (00941) and China Telecom Corporation (00728) received a net purchase of HK $865 million and HK $70.49 million respectively. On the news side, JPMorgan Chase & Co published a research report saying that in the context of China's digital transformation, China's cloud market is expected to record a compound annual growth rate of 32% from 2022 to 2025, as state-owned enterprises / government become the main cloud demand driver. Market share may shift to telecom operators. The bank expects the combined cloud market share of telecom operators to grow from 37 per cent to 58 per cent between 2022 and 2025, while the decline in profit margins will slow driven by economies of scale in the cloud business.
Tencent (00700) received a net purchase of HK $517 million. On the face of the news, Tencent announced that 1.27 million shares were repurchased on September 23 at a repurchase price of HK $275-HK $281.2, at a total cost of about HK $352 million. It is reported that since August 19, 2022, Tencent has bought back a total of 28.59 million shares for 25 consecutive trading days.
Oil stocks were also sought after by domestic investors, with CNOOC (00883) and China Petroleum & Chemical Corp (00386) getting a net purchase of HK $326 million and HK $26.03 million respectively. On the news, CNOOC Limited recently announced that the company spent about HK $9.6666 million to buy back 965000 shares on Sept. 21, and cancelled 17.688 million shares on Sept. 22. In addition, Petrochina Chemical Co., Ltd. announced that on Sept. 22, the company spent HK $38.2644 million to buy back 11.018 million shares, and on Sept. 21, the company bought back 23.7 million A shares for the first time through centralized bidding. Xiaomo previously released a research report that CNOOC is expected to continue to buy back H shares in the next three months, mainly because the forecast current price only reflects the oil price level of 65 US dollars per barrel.
New Oriental Education & Technology Group online (01797) received a net purchase of HK $161 million. According to the news, according to the data of mother cicada and Haitong, as of September 16, the cumulative GMV of Oriental selection reached 2.39 billion yuan. Among them, the growth momentum of beautiful life is strong. Oriental selection Beautiful Life since July 9, 2022, the cumulative GMV has reached 145 million yuan, and the GMV in September has reached 55.99 million yuan, an increase of 115% over August. Everbright Securities said that it is optimistic that the company will gradually establish its own consumer goods brand and build a business model with long-term vitality, and its performance growth is expected to be maintained.
Li Auto Inc.-W (02015) received a net purchase of HK $79.63 million. In the news, Li Auto Inc. official Weibo Corp said on Sept. 22: L8 will be released on September 30 and will be delivered in early November, while defining the product definition of future L7/L6 models. CITIC released a research report that maintained Li Auto Inc.-W "buy" rating. The bank is optimistic about the future sales performance of the ideal L9 and L8 and will pay close attention to the sales data of the company's added models and the release of pure electric models.
Coal stocks are now divided today, with China Coal Energy (01898) receiving a net purchase of HK $30.04 million. China Shenhua Energy (01088) and Yanzhou Mining Energy (01171) received a net sale of HK $12.14 million and HK $182 million respectively. On the news side, the European Union issued new guidelines this week, saying it now allows the transfer of Russian coal and fertiliser to countries outside the European Union. It is reported that the European Union said in August that it completely banned the transportation of Russian coal. Shanxi Securities believes that the current global coal trade pattern is still being reconstructed, and overseas coal prices are much higher than those at home, restraining the trade between some coal exporting countries and China to a certain extent.
COSCO Shipping Holdings (01919) received a net sale of HK $63.49 million. On the news side, founder medium-term Futures Research reported that from the supply side of transport capacity, global container capacity increased by 3.9% in the third quarter compared with the same period last year, which was in the middle level in the last seven years. Due to sluggish demand, the idle capacity rate reached a peak in nearly five years. The bank believes that the fourth quarter of the global collection market is still not optimistic, there will be a sluggish peak season, freight rates will fall further.
Sunny Optical (02382) received a net sale of HK $133 million. On the news side, Dahua Jixian released a report saying that management was cautious about smartphone end-user demand and did not expect any obvious signs of recovery this year, but management was still confident about the company's long-term development due to the increase in the share of Apple Inc and Samsung's supply chain, as well as the long-term expansion of car lens and AR/VR business. The bank quoted Sunny Optical management as saying that the weak demand for smartphones and the stagnant trend of specification upgrading have not yet seen the relevant inflection point.
In addition, Wuxi Biologics (02269) and XIAOMI Group-W (01810) received net purchases of HK $164 million and HK $41.04 million respectively.