港股通(沪)活跃成交股On October 18, in the Hong Kong stock market, Beishui's net sales were 31.02 Hong Kong dollars, with a net selling of 2.946 billion Hong Kong dollars in the Hong Kong Stock Connect (Shanghai) and 0.156 billion Hong Kong dollars in the Hong Kong Stock Connect (Shenzhen).
According to the Wisdom Finance APP, on October 18 in the Hong Kong stock market, Beishui's net sales were 31.02 Hong Kong dollars, with a net selling of 2.946 billion Hong Kong dollars in the Hong Kong Stock Connect (Shanghai) and 0.156 billion Hong Kong dollars in the Hong Kong Stock Connect (Shenzhen).
The stocks with the highest net purchases by Beishui are Alibaba-W (09988), Tencent (00700), and Semiconductor Manufacturing International Corporation (00981). The stocks with the highest net sales by Beishui are tracker fund of Hong Kong (02800), Hang Seng H-Share Index ETF (02828), and CNOOC (00883).
Active trading stocks for Hong Kong stock connect (Shanghai).
Active trading stocks for Hong Kong stock connect (Shenzhen).
Alibaba-W (09988) received a net buy of 1.361 billion Hong Kong dollars. On the news front, Guosen Securities pointed out that Alibaba is about to release its second quarter financial report for the 2025 fiscal year, with an expected year-on-year revenue growth of 6% and an adjusted EBITA profit margin of 18% for the period. Looking ahead to this year's November 11 shopping festival, all companies are increasing their investment efforts, which may temporarily affect profit margins. Currently, Taotian has seen the largest increase in activity intensity compared to the same period last year, with 30 billion yuan in consumer vouchers and red envelopes invested in this year's November 11 event, far exceeding the billions offered in 2023. Platforms like JD.com, PDD Holdings, and DouQuick have all slightly strengthened their promotional efforts. In terms of market share, we expect Taotian's GMV growth rate during this year's November 11 event to approach that of large cap stocks, with a long-term outlook aimed at boosting merchant confidence and laying the foundation for future improvements in commercialization rates.
Tencent (00700) received a net buy of 0.705 billion Hong Kong dollars. On the news front, Bank of America Securities stated that if the macroeconomic conditions improve, Tencent's payment business will benefit from the recovery of the retail market, and its advertising business will also benefit from the recovery of merchants. If the macroeconomic conditions do not improve, the bank also believes that Tencent is defensive because its gaming business is less correlated with the macro cycle and games are currently in an upward product cycle. In addition, the advertising business can increase ad conversion rates by increasing virtual ad loads and using artificial intelligence to improve ad efficiency, thereby self-adjusting to mitigate macroeconomic impacts.
Semiconductor Manufacturing International Corporation (00981) received a net buy of 0.422 billion Hong Kong dollars. On the news front, Taiwan Semiconductor's third-quarter performance significantly exceeded market expectations; it is expected that sales in the fourth quarter will be between 26.1 billion US dollars and 26.9 billion US dollars, surpassing the market's estimate of 24.94 billion US dollars. Analysts pointed out that after Taiwan Semiconductor's quarterly performance exceeded expectations, it raised its revenue growth target for 2024, easing market concerns about the sustainability of global chip demand and the prosperity of artificial intelligence hardware, indicating to investors that demand for chips remains strong.
China Merchants (06099) faced a net sell-off of 21.33 million Hong Kong dollars. On the news front, the People's Bank of China officially launched the Securities, Fund, and Insurance Companies Interchange Facility for Facility (SFISF) operations starting today. In addition, the People's Bank of China officially launched the share buyback and increased holding refinancing. It is reported that China Merchants has been approved to participate in the Securities, Fund, and Insurance Companies Interchange Facility for Facility (SFISF) operations, with an initial application of 5 billion yuan. Haitong Securities believes that the creation of SFISF can enhance the financing and leverage capabilities of non-bank financial institutions.
Sunac (01918) faced a net sell-off of 28.26 million Hong Kong dollars. On the news front, Sunac recently announced a discount of approximately 20% for the subscription of shares, with the total amount raised from the subscription transaction being approximately 1.205 billion Hong Kong dollars, mainly intended to support the long-term solutions for domestic corporate bonds and general operating funds. The board of directors believes that the subscription and subscription matters will better resolve the domestic public market debt risk of the Group, and the resolution of related debt risks will also be more conducive to the Group's progress in completing delivery and recovering operations.
Beishui funds sold off Hong Kong stock ETFs, with Tracker Fund of Hong Kong (02800) and Hang Seng H-Share Index ETF (02828) facing net sell-offs of 5.372 billion and 1.994 billion Hong Kong dollars respectively. On the news front, Guosen Securities believes that in the long term, the fundamental outlook for Hong Kong stock heavyweight companies remains strong. With the Fed entering an interest rate cut cycle as an established fact, the long-term logic of Hong Kong stocks has not suffered a substantive blow, just needing time and space to digest the overly inflated short-term sentiments. Guojun International stated that looking ahead, the future trend of the Hong Kong stock market is mostly upward, with the stock prices of interest rate-sensitive industries having greater elasticity.
In addition, Xiaomi Corporation-W (01810) received a net buy of 0.255 billion Hong Kong dollars, while CNOOC (00883) saw a net sell of 0.478 billion Hong Kong dollars.
