On February 13, southbound funds had a net sell of 1.024 billion Hong Kong dollars in Hong Kong stocks.

Among them, the Stock Connect (Shanghai) had a net buy of 2.335 billion Hong Kong dollars, while the Stock Connect (Shenzhen) had a net sell of 3.359 billion Hong Kong dollars.

Net buys included Alibaba 1.728 billion, Semiconductor Manufacturing International Corporation 0.903 billion, China Mobile 0.531 billion, KUAISHOU-W 0.243 billion, and ALI HEALTH 0.242 billion.

Net sells included TRACKER FUND OF HONG KONG 3.104 billion, TENCENT 1.766 billion, XIAOMI-W 1.027 billion, CNOOC 0.498 billion, BYD Electronic 0.408 billion, XPENG-W 0.341 billion, ZTE 0.298 billion, and MEITUAN-W 0.169 billion.

According to Statistics, southbound funds had three consecutive days of significant net sells in TENCENT, totaling 5.374 billion Hong Kong dollars; three consecutive days of net sells in XIAOMI, totaling 2.09258 billion Hong Kong dollars; and two consecutive days of net buys in Alibaba, totaling 4.771 billion Hong Kong dollars.

Northern funds focus on individual stocks.

Alibaba: On the news front, Alibaba co-founder and chairman Cai Chongxin confirmed the collaboration between Alibaba and Apple. Galaxy International stated that Alibaba's AI capabilities, vast commercial customer base, and comprehensive privacy policies give it a strong competitive advantage. In light of the breakthroughs made by AI startup DeepSeek, Alibaba is expected to improve its Cloud Computing department's profitability in the next two to three years.

Semiconductor Manufacturing International Corporation: Lyon published a research report stating that it maintains a "outperform" rating for Semiconductor Manufacturing International Corporation and raised its profit forecasts for this year and next by 7% and 6% respectively, with the target price increased from HKD 53.1 to HKD 59.5. The company's revenue for the fourth quarter of last year fell within the upper limit of its guidance, while the gross margin was better than expected.

CHINA MOBILE: Zheshang Securities pointed out that operators hold the top three market shares in the IDC market domestically, with the listing rate expected to improve; operators are the mainstay of domestic computing power, and the profitability of intelligent computing is expected to improve significantly; the AI explosion is likely to drive the general Cloud Computing sector into a growth cycle; IDC and Cloud Computing businesses bring value re-evaluation for operators. In addition, in a stable growth environment, high dividends, and low interest rates, the investment value has increased.

TENCENT: On the news front, TENCENT's Hongyuan App has officially connected to the DeepSeek-R1 model, currently supporting both the Hongyuan model and the two major models from DeepSeek. Users can access it for free by opening TENCENT's Yuanbao and entering the chat interface. Goldman Sachs stated that breakthroughs in DeepSeek technology are likely to accelerate AI adoption, and Global economic growth may see significant acceleration.

CNOOC: On the news front, Morgan Stanley released a research report stating that for CNOOC, they have lowered their forecast for oil sales revenue to take into account the weak oil prices from the fourth quarter of last year and adjusted their oil price forecast for the 2025/26 fiscal year. Additionally, they have lowered CNOOC's profit forecast for the fiscal year 2024 by 4%; the forecast for fiscal year 2025 by 1%, and adjusted its target price for H shares from HKD 21.8 to HKD 20.7, giving it a "Shareholding" rating. Nevertheless, the firm believes CNOOC still has good profit potential.

BYD Electronics: On the news front, China Merchants Securities pointed out that BYD's intelligent driving strategy has fully exceeded expectations, optimistic about the new wave of automotive intelligence led by it, while BYD Electronics, as the core supplier of the parent company's "Automotive Intelligent Strategy," has promising long-term growth potential in automotive electronics.

XIAOMI-W: BOCOM INTL released a research report stating that after the Spring Festival, several car companies (including Tesla, XIAOMI, Zhiji, and Avita, among others) launched promotional activities. Compared to the cash discounts of the past two years, more companies are now introducing interest rate reduction policies. As some regions gradually implement old-for-new policies, the firm believes the car market is likely to enter a post-holiday recovery cycle.