港股通(沪)活跃成交股On November 1st, in the Hong Kong stock market, Beishui had a net purchase of 4.253 billion Hong Kong dollars, with a net purchase of 2.67 billion Hong Kong dollars through the Hong Kong Stock Connect (Shanghai) and a net purchase of 1.582 billion Hong Kong dollars through the Hong Kong Stock Connect (Shenzhen).
According to the Caixin app, on November 1st, in the Hong Kong stock market, Beishui had a net purchase of 4.253 billion Hong Kong dollars, with a net purchase of 2.67 billion Hong Kong dollars through the Hong Kong Stock Connect (Shanghai) and a net purchase of 1.582 billion Hong Kong dollars through the Hong Kong Stock Connect (Shenzhen).
The stocks with the highest net purchases by Beishui are Xiaomi Corporation-W (01810), Tencent (00700), and Sunac (01918). The stocks with the highest net sales by Beishui are Semiconductor Manufacturing International Corporation (00981) and Li Auto Inc-W (02015).
Active trading stocks for Hong Kong stock connect (Shanghai).
Active trading stocks for Hong Kong stock connect (Shenzhen).
Tencent (00700) received a net purchase of 0.551 billion Hong Kong dollars. On the news front, Tianfeng Securities pointed out that the product cycle of Tencent's gaming business is driving accelerated short-term game revenue growth, video advertisement inventory may support mid-term advertisement revenue growth resilience, financial technology and enterprise service revenue growth are expected to gradually recover with the macro environment, the incremental business with high gross margin has laid the foundation for continuous improvement in mid-term gross margin, coupled with maintaining cautious expense management in a relatively stable competitive landscape, the profit growth capability is relatively significant. Nomura expects Tencent's total revenue in the third quarter to increase by 8% year-on-year; non-IFRS net profit in the third quarter to increase by 23% year-on-year, due to continuous expansion of gross margin.
Sunac (01918) received a net purchase of 87.29 million Hong Kong dollars. On the news front, data from the CRIC Research Center shows that the top 100 real estate companies achieved a sales transaction amount of 435.49 billion yuan in October, a month-on-month increase of 73%, reaching the second-highest performance scale of the year; a year-on-year increase of 7.1%, the first time this year a monthly performance has seen a year-on-year positive growth. In addition, the six major state-owned commercial banks announced that they will implement a new commercial individual housing loan interest rate pricing mechanism starting from November 1st, marking the imminent official implementation of the improved loan interest rate pricing mechanism proposed by the People's Bank of China a month earlier.
jl mag rare-earth (06680) received a net buy of HKD 74.21 million. On the news front, on October 23, the Myanmar Kachin Independence Army announced that it had taken control of the country's rare earth mining area, causing local rare earth mining activities to come to a standstill. According to SMM, upstream miners have reflected that the situation has led to border closures, temporarily preventing Myanmar's rare earth mines from entering the domestic market. HTSC believes that the suspension of production in Myanmar's mines and the supply constraints on domestic medium and heavy rare earths due to environmental protection and other reasons may lead to a shortage of medium and heavy rare earth supply-demand dynamics. If raw material inventory is nearly depleted, medium and heavy rare earth prices may see a significant increase. The supply-demand dynamics of light rare earths will also improve, but domestic supply still has potential, and the shortage may be weaker than that of medium and heavy rare earths.
CNOOC (00883) received a net buy of HKD 33.64 million. On the news front, according to media reports, Israeli intelligence indicates that Iran will launch attacks on Israel through its proxies in Iraq, expected to occur before the US election. The international oil market rose again, with WTI futures prices increasing by over 3% after Thursday's settlement, and Brent crude oil futures prices rising by over 2%. Standard Chartered Bank pointed out that the damage to Iran's energy infrastructure's air defense systems has increased the vulnerability of oil and gas facilities to future attacks, a development that the market seems to have overlooked or at least underestimated.
fourth paradigm (06682) received a net buy of HKD 21.27 million. On the news front, Fourth Paradigm and Ruisi Zhilian have formed a strategic cooperation and officially launched the enterprise-level AI computing power pooling platform RiseVAST jointly developed by both parties. This platform realizes platform-based management of hardware clusters, shared computing resources, on-demand allocation, and fast scheduling to fully unleash the potential of heterogeneous computing power. The AI computing power pooling platform RiseVAST, based on various technologies of Fourth Paradigm in the field of heterogeneous computing power such as vGPU, can effectively enhance the utilization of AI computing resources and computing speed; it can save up to 80% of hardware costs and improve GPU utilization by 5-10 times.
Alibaba-SP (09988) received a net buy of HKD 21.23 million. On the news front, CICC published a report stating that Alibaba has recently taken a series of measures to protect sellers' rights, reduce seller thresholds and operating costs. These measures include loosening the only refund policy, introducing a return treasure, and reducing the cost of sellers for returns and refunds. By replacing DSR score systems with user experience scores, integrating WeChat Pay brings additional volume to sellers, encouraging sellers to provide good service to users. In addition, referencing QuestMobile data, CICC mentioned that there are over 80 million high-frequency e-commerce users among WeChat-exclusive users. It is believed that these users, mainly composed of sinking and elderly demographics, are expected to become long-term user increments for Taobao, benefiting sellers as a result.
Li Auto Inc-SP (02015) faced a net sell-off of HKD 0.147 billion. On the news front, Li Auto announced its third-quarter performance, with revenue of 42.874 billion yuan, a year-on-year increase of 23.6% and a quarter-on-quarter increase of 35.3%; net income was 2.82 billion yuan, a year-on-year increase of 0.3% and a quarter-on-quarter increase of 156.2%. Morgan Stanley stated that Li Auto's third-quarter performance is in line with expectations. Morgan Stanley mentioned that Li Auto's fourth-quarter sales guidance is between 160,000 and 170,000 units, up 5% to 11% quarter-on-quarter, higher than the bank's forecast of 155,000 to 160,000 units, indicating that annual sales will reach 502,000 to 512,000 units. In addition, Li Auto expects fourth-quarter total revenue to increase by 1% to 7% quarter-on-quarter, implying an average selling price decrease of 4%.
SMIC (00981) faced a net sell-off of HKD 0.253 billion. On the news front, on October 28, the US Treasury Department announced new investment restrictions on Chinese semiconductors, microelectronics, quantum information technology, and artificial intelligence industries. These restrictions will officially take effect on January 2, 2025. Tianfeng Securities believes that this event catalyzes increased market attention towards domestication in equipment materials due to potential international political instability; the stimulus policies towards the technology industry domestically are expected to accelerate the effective drive for domestic substitution in the sector.
In addition, Xiaomi Group-SP (01810), Geely Auto (00175), and Meituan-SP (03690) received net buys of HKD 0.808 billion, 24.58 million, and 10.2 million respectively.
