Zhitong Financial APP learned that on the Hong Kong stock market on February 1, there was a net sale of 2.029 billion in Beishui, including HK $1.101 billion in Hong Kong Stock Connect (Shanghai) and HK $928 million in Hong Kong Stock Connect (Shenzhen).
The stocks that Beishuijing bought the most were Meituan-W (03690), Shangtang-W (00020) and Li Auto Inc.-W (02015). The stocks sold most by Beishuijing are Tencent (00700), China Construction Bank Corporation (00939) and HKEx (00388).
Hong Kong Stock Connect (Shanghai) actively traded stocks
Hong Kong Stock Connect (Shenzhen) active Trading stocks
Meituan-W (03690) received a net purchase of HK $732 million. According to the Meituan Holiday report, the average daily consumption of Meituan users during the New Year's Day holiday in 2023 increased by 75% compared with 2019, and the average daily consumption in the first six days of the Spring Festival holiday increased by 66% compared with the Spring Festival in 2019, according to a research report released by CICC. The bank raised Meituan's 1Q23 revenue forecast to 56 billion yuan, an increase of 21% over the same period last year, of which core local business income was 39.8 billion yuan, an increase of 16% over the same period last year, both of which were warmer than 4Q22. And the bank believes that the recovery of 2Q23 local offline consumption will be more obvious, the overlay industry itself is still in the growth cycle, the company-to-store business may easily achieve high growth of more than 50% compared with the same period last year, and is optimistic about the long-term growth space of local life.
Shangtang-W (00020) received a net purchase of HK $401 million. On the news side, Shen Wanhongyuan said that chatGPT and AIGC have become hot again. We are optimistic about the domestic AIGC market and continue to follow up the technological development of AIGC and the landing of text, audio, image and other single-mode applications. Shangtang virtual IP solution has a large-scale high-quality 3D action library, which can achieve efficient and low-cost content generation. The "AIGC solution" has been landed in banks and other scenes. In addition, FTSE Russell recently announced that Shangtang as a candidate for FTSE global index stocks will be evaluated.
Auto stocks are now divided today. Li Auto Inc.-W (02015) received a net purchase of 184 million, while XPeng Inc.-W (09868) received a net sale of HK $184 million. On the news side, Cinda Securities said that taking into account the expiration of policies such as purchase tax subsidies at the end of 2022 and the advance of consumer demand during the Spring Festival holiday, the absolute value of passenger car sales and year-on-year growth rate are expected to hit bottom in January. Under the joint effect of follow-up policy stimulus and consumption recovery, it is expected that sales growth will pick up month by month from February to April.
China Mobile Limited (00941) received a net purchase of HK $176 million. On the news side, UBS issued a report that investors are worried that defensive telecommunications stocks may perform poorly after the optimization of prevention and control measures, but the A shares of the three major telecom companies have each risen by an average of 10% to 20% since the beginning of the year, consistent with the main indices. It is believed that the fundamentals and guidelines of telecom stocks have not changed since the end of last year, and that the recent rise in share prices is due to the revaluation of the market driven by corporate business.
Bank of China shares continued to be sold off by Beishui, with Industrial and Commercial Bank of China (01398) and China Construction Bank Corporation (00939) receiving a net sale of HK $250 million and HK $537 million respectively. On the news, GF Securities Co., LTD. released a research report saying that domestic liquidity was constrained by domestic credit fluctuations before the Spring Festival, and social finance showed a certain decline, and the support of total liquidity to the stock market was not obvious. however, it is expected to see the bottom of the decline in the growth rate of social finance in January, and it is expected that the total liquidity after the Spring Festival will provide support to the liquidity of A-share assets. The rebound in medium-and long-term credit growth will provide demand-side support for the banking sector in the medium term.
In addition, CNOOC (00883) and Wuxi Biologics (02269) received net purchases of HK $110 million and HK $41.75 million respectively. Tencent (00700) and HKEx (00388) received a net sale of HK $613 million and HK $400m respectively.