According to the app for China Intelligence, on June 26th, the net purchase of Beishui in the Hong Kong stock market amounted to HKD 3.809 billion, of which the net purchase of Hong Kong stocks (Shanghai) was HKD 2.164 billion and the net purchase of Hong Kong stocks (Shenzhen) was HKD 1.645 billion. In terms of individual stocks, the stocks with the most net buying by Beishui are Tracker Fund of Hong Kong(02800), Hang Seng H-Share Index ETF(02828), and Industrial and Commercial Bank of China(01398). The individual stocks with the most net selling by Beishui are CNOOC Limited(00883), China Shenhua Energy(01088), and China Mobile Limited(00941).
The individual stocks with the most net buying by Beishui are Tracker Fund of Hong Kong(02800), Hang Seng H-Share Index ETF(02828), and Industrial and Commercial Bank of China(01398). The individual stocks with the most net selling by Beishui are CNOOC Limited(00883), China Shenhua Energy(01088), and China Mobile Limited(00941).
Active trading stocks for Hong Kong stock connect (Shanghai).
Active trading stocks for Hong Kong stock connect (Shenzhen).
Beishui funds are once again flocking to Hong Kong ETFs, with Tracker Fund of Hong Kong(02800) and Hang Seng H-Share Index ETF(02828) receiving net purchases of HKD 1.771 billion and HKD 693 million respectively. In terms of news, China International Capital Corporation released a research report stating that as the market continues to decline recently, concerns about the Hong Kong stock market falling to the previous low point are also increasing. The bank believes that it will not completely give back all the gains, and the Hang Seng Index around 18,000 points can get some support. China CITIC Securities also stated that in the short term, the macro level and capital flow cannot provide sufficient upward momentum for the overall Hong Kong stock market. Considering that this Thursday and Friday are respectively the monthly futures settlement date and semi-annual settlement, it is expected that the current dull situation will probably be maintained until the end of this month.
Domestic funds continue to increase their holdings of mainland banking stocks, with Industrial and Commercial Bank of China(00939) and China Construction Bank Corporation(00939) receiving net purchases of HKD 568 million and HKD 309 million, respectively. On the news front, China Galaxy Securities released a research report stating that as real estate policies are optimized, bundled bonds are promoted, bank profit and loss statements are repaired, industry risk expectations are improved, and it is expected to form support for valuation. Considering that the substantial turning point in sales of real estate enterprises has not yet appeared and financing needs are in a relatively weak pattern, uncertainties still exist in the fundamentals of banks, but positive factors are accumulating and opportunities for volume and price recovery are brought about by deposit cost optimization, acceleration of government bond issuance, and credit structure optimization.
Tencent (00700) received a net purchase of HKD 45.06 million. On the news front, on June 19th, the official announcement of Dungeon & Fighter: Origin stated that due to the expiration of the contract, the DNF mobile game will no longer be available in the app stores of some Android platforms from June 20th. Guosen Securities stated that delisting from some Android app stores is expected to have no significant impact on the game's revenue flow; the expected reduction in channel distribution fees is expected to promote the improvement of Tencent Games' gross profit margin.
SenseTime W(00020) received a net purchase of HKD 42.68 million. On the news front, OpenAI announced that it will terminate the API usage of unsupported countries and regions starting from July 9th, and China is among the prohibited countries; many domestic large-model manufacturers immediately launched corresponding "moving" solutions. It is reported that SenseTime announced the launch of a large modeling "zero-cost purchase plan", and new registered business users will receive a number of free services. At the same time, 50 million tokens will be given to new registered business users, and a series of migration training from OpenAI to "Daily SenseNova" will be provided.
China Shenhua Energy(01088) suffered a net sale of HKD 106 million. On the news front, HSBC stated that it is expected that Shanxi's output will gradually recover, as the annual production reduction target has been reached. The province's production last month rose by 8% on a monthly basis, but fell by 7% on an annual basis. The bank expects that China's domestic coal production will recover in the second half of the year compared with the first half of the year, but it will still decline year-on-year for the whole year. The bank raised its profit forecast for Shenhua this year by 1%, raised the target price of Shenhua's H shares from HKD 31 to HKD 35, and maintained a "hold" rating. The bank pointed out that the short-term pressure on coal spot prices limits the upside of stock prices.
In addition, Semiconductor Manufacturing International Corporation(00981) and Kingkey Fin Int(01468) received net purchases of HKD 32.38 million and HKD 2.65 million, respectively. CNOOC Limited(00883) and China Mobile Limited(00941) suffered net sales of HKD 262 million and HKD 93.67 million, respectively.