港股通(沪)活跃成交股On December 27, in the Hong Kong stock market, the northbound capital net purchase amounted to 8.493 billion HKD, with SH->HK Connect net purchase of 3.918 billion HKD and SZ->HK Connect net purchase of 4.575 billion HKD.
According to Zhitong Finance APP, on December 27th in the Hong Kong stock market, net purchases by northbound funds amounted to 8.493 billion HKD, of which net purchases via SH->HK Connect were 3.918 billion HKD and net purchases via SZ->HK Connect were 4.575 billion HKD.
The stocks with the highest net purchases by northbound funds were Semiconductor Manufacturing International Corporation (00981), LENOVO GROUP (00992), and XIAOMI-W (01810). The stocks with the highest net sales were Tencent (00700), Alibaba (09988), and CHINA MOBILE (00941).
Active traded stocks under SH->HK Connect.
Active trading stocks on SZ->HK Connect.
Semiconductor Manufacturing International Corporation (00981) received a net Buy of 1.389 billion HKD. According to reports, the semiconductor industry observation agency TechInsights has released its 2025 semiconductor manufacturing market outlook. Due to improved end demand and price increases, IC sales are expected to grow by 26% in 2025. Goldman Sachs noted that it remains Bullish on Semiconductor Manufacturing International Corporation as a leading wafer foundry company in China, due to the increasing demand for localized production from its clients. However, ongoing capacity expansion, increased supply of mature node capacity, intensified competition, and geopolitical risks remain concerns and uncertainties for valuation.
LENOVO GROUP (00992) received a net Buy of 0.782 billion HKD. Recently, LENOVO announced its partnership with Volcano Engine to implant the Bean Bag large model "Super Brain" into its AI desktop assistant Ruyi, to enhance user experience comprehensively. Sealand pointed out that with the help of the Bean Bag universal model pro, Ruyi has completed the transformation from a traditional system tool assistant to an intelligent conversational comprehensive assistant, greatly improving user interaction intelligence with the PC system and enhancing LENOVO's competitiveness in PCs.
Industrial And Commercial Bank Of China (01398) received a net purchase of 0.44 billion Hong Kong dollars. On the news front, Everbright pointed out that the banking sector is supported by policies, such as the unchanged LPR, which is beneficial for the bank's net interest margin. The State Council and the State-owned Assets Supervision and Administration Commission promote central enterprises to enhance Market Cap management, with a particular focus on listed companies with long-term impairments. Additionally, on December 20, Industrial And Commercial Bank Of China was increased by Ping An Insurance and its affiliates by 45 million shares of H-Shares, valued at approximately 0.219 billion Hong Kong dollars. After this increase, Ping An Insurance's shareholding ratio rose from 14.94% to 15.00%.
WEIMOB INC (02013) received a net Buy of 0.373 billion HKD. According to reports, HAITONG INT'L pointed out that WeChat mini-stores have become an important closed loop in the WeChat e-commerce ecosystem. Open Source Securities recently stated that WeChat's transaction e-commerce is gradually improving, and WEIMOB INC, as a leading service provider of Tencent, is expected to benefit first. The firm noted that in 2024 the company will continuously reduce costs and increase efficiency and shrink loss-making businesses, with a hope of turning a profit in 2025.
CNOOC Limited (00883) received a net Buy of 0.237 billion HKD. Recently, the State-owned Assets Supervision and Administration Commission issued guidance to encourage central enterprises to take actions in market cap management. Everbright pointed out that with the peak season of Henry Hub Natural Gas approaching, along with improving medium to long-term natural gas demand and continuous market-oriented reforms, the "three barrel oils" are expected to benefit significantly. Moreover, the valuation of the "three barrel oils" is considerably undervalued compared to overseas giants, and their long-term growth potential is likely to be realized.
LI Auto-W (02015) received a net Buy of 54.15 million HKD. On December 25, LI Auto CEO Li Xiang stated at the 2024 LI Auto AI Talk event that the company will develop humanoid robots in the future, but first needs to tackle L4 autonomous driving cars. He also mentioned that LI Auto will not venture into Robotaxi. He believes that LI Auto will undeniably continue to push forward in AI, ultimately achieving AGI through the group vehicle, and believes that cars will evolve from being mere transportation tools of the industrial era to space robots of the AI era.
Network Technology stocks were sold off by domestic investors, with Alibaba-W (09988) and Tencent (00700) facing net sales of 0.18 billion and 0.389 billion Hong Kong dollars, respectively. According to news, China Merchants International previously released the 2025 outlook for the Internet Plus-Related Industry, suggesting that the introduction of substantial consumer promotion policies may still be a key driver for structural valuation improvements in the sector. However, prior to that, the sector may maintain fluctuations, with shareholder return levels, profit growth rates, and certainty playing critical supporting roles for valuations. Additionally, CITIC SEC's Research Reports indicated that the performance of the Doubao large model exceeded expectations; leading domestic companies are likely to accelerate their investments in the AI field.
Furthermore, XIAOMI-W (01810) recorded a net purchase of 0.755 billion Hong Kong dollars, while ZTE (00763) and CHINA MOBILE (00941) faced net sales of 47.95 million Hong Kong dollars, respectively.
