On June 27, the net purchase of Beishui reached HKD 3.659 billion on the Hong Kong market, of which the net purchase of HKD 2.041 billion was made through the Hong Kong Stock Connect (Shanghai) and the net purchase of HKD 1.618 billion was made through the Hong Kong Stock Connect (Shenzhen).
According to Zhitong Financial APP, on June 27th, Beishui's net purchase amounted to HKD 3.659 billion on the Hong Kong stock market, of which the net purchase through the Hong Kong Stock Connect (Shanghai) amounted to HKD 2.041 billion, and the net purchase through the Hong Kong Stock Connect (Shenzhen) amounted to HKD 1.618 billion.
China Mobile (00941), Industrial and Commercial Bank of China (01398), and CM Bank (03968) were the top three stocks with the highest net buy-in by Beishui. Tencent (00700), CNOOC (00883), and SMIC (00981) were the top three stocks with the highest net sell-off by Beishui.
Active trading stocks for Hong Kong stock connect (Shanghai).
Active trading stocks for Hong Kong stock connect (Shenzhen).
China Mobile (00941) received a net purchase of HKD 834 million. According to Guosen Securities, the "integrated car-road-cloud" pilot program has entered the intensive phase of implementation this year with a market space of over one trillion yuan. The three major telecom operators are actively deploying low-altitude economic new formats. China Mobile announced earlier that the cumulative number of 5G network users has reached 503 million households as of the end of May, with a net increase of 7.685 million households in that month, breaking through the 50% penetration rate mark. The penetration rate of 5G network users reached 50.3%, with an increase of 0.7 percentage points that month, officially surpassing the halfway point.
Beishui continued to increase its holdings of mainland banking stocks. ICBC (01398), CM Bank (03968), and China Construction Bank (00939) received a net purchase of HKD 540 million, HKD 521 million, and HKD 305 million, respectively. According to previous disclosures, Bank of China, China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, and Postal Savings Bank of China will all hold shareholder meetings to deliberate on relevant profit distribution plans before June 30th. The combined dividend amount of the six major state-owned banks in 2023 will exceed RMB 410 billion for the first time and set a new historical high.
ASMPT (00522) received a net purchase of HKD 243 million. According to reports, ASMPT has provided Micron with a demonstration hot-press (TC) bonders for high-bandwidth memory production. The two companies have begun joint development of the next-generation bonders for HBM4 production. In addition, TSMC has accelerated the CoWoS expansion to meet market demand and has placed rush orders with equipment manufacturers and plans to increase production capacity annually.
China Shenhua Energy (01088) received a net purchase of HKD 32.36 million. According to Everbright Securities, continuous rainfall recently has affected expectations for peak season coal prices. If the rainfall continues to decrease, coal prices are still expected to rise seasonally. Zhongtai Securities pointed out that looking ahead, the price of thermal coal will continue to show a high-level shock trend and does not have a basis for a sharp decline. Haitong Securities pointed out that demand expectations are good, supply has not increased, overseas coal prices remain strong. Although the short-term price of thermal coal may still fluctuate, the upward trend remains unchanged, and the peak season price increase trading has been launched in advance.
Tencent (00700) suffered a net sell-off of HKD 473 million. According to Anxin International, Q1 domestic game performance was weak, with deferred revenue increasing by 23% QoQ. The game has a guaranteed performance for Q2. As for the reduction of major shareholders and company repurchases, 21 million shares were sold from March 20th until now, and the selling pace has slowed slightly. As of the end of the first quarter, the shareholding ratio of major shareholders was 24.4%. Tencent spent HKD 14.8 billion in Q1 to repurchase 50 million shares, accounting for about 0.6%.
In addition, Xiaomi Group-W (01810) received a net purchase of HKD 372 million, while CNOOC (00883) and SMIC (00981) suffered a net sell-off of HKD 175 million and HKD 45.59 million, respectively.