Track the latest trends of southbound funds.
On November 13, the southbound funds net sold 4.551 billion Hong Kong dollars in Hong Kong stocks today.
Among them, the Hong Kong Stock Connect (Shanghai) net bought 0.639 billion Hong Kong dollars, while the Hong Kong Stock Connect (Shenzhen) net sold 5.19 billion Hong Kong dollars.
Net purchases included Tencent 1.753 billion, Alibaba 0.786 billion, Ping An Insurance 0.596 billion, Xiaomi 0.463 billion, and China Mobile 0.385 billion.
Net sales included Tracker Fund of Hong Kong 8.36 billion, Hang Seng H-share Index ETF 3.301 billion, CSOP Hang Seng Tech Index ETF 0.712 billion, Semiconductor Manufacturing International Corporation 0.197 billion, and Meituan 0.166 billion.
According to statistics, the southbound funds have net purchased Xiaomi for three consecutive days, totaling 2.43707 billion Hong Kong dollars; they have net sold Meituan for three consecutive days, totaling 0.7685 billion Hong Kong dollars.
In addition, since being included in the Hong Kong Stock Connect for 38 trading days, the southbound funds have cumulatively net purchased Alibaba for 8.07084 billion Hong Kong dollars.
Materials of the companies of North Water
Tencent: Tencent announced its performance for the third quarter of 2024, showing revenues of 167.193 billion yuan (RMB, the same below), a year-on-year growth of 8%; net income was 53.23 billion yuan, a year-on-year increase of 47%; adjusted net income was 59.813 billion yuan, reflecting a year-on-year growth of 33%; earnings per share was 5.762 yuan, an increase of 51% year-on-year; the earnings per share under non-International Financial Reporting Standards was 6.475 yuan, a year-on-year growth of 36%.
Alibaba: The company will announce its performance on Friday, November 15, prior to pre-market trading. The market expects Alibaba's revenue for Q2 of the 2025 fiscal year to be 240.037 billion yuan, a year-on-year growth of 6.78%; earnings per share is expected to be 11.07 yuan, a year-on-year increase of 2.76%.
Ping An Insurance: According to reports, Citigroup released a research report stating that Ping An Insurance (02318) demonstrates strong growth potential in new business value (NBV), and as product innovation and sales channel diversification develops, the firm has given a "buy" rating for Ping An Insurance's H shares with a target price of 52.5 Hong Kong dollars.
Xiaomi: According to an official report from Xiaomi's Weibo, as of November 11 at 23:59:59, Xiaomi's total payment amount across all channels during the November 11 shopping festival has exceeded 31.9 billion yuan, setting a new record for Xiaomi's annual promotions.
China Mobile: According to reports, the 2024 Global 6G Development Conference will be held from November 13 to 14 in the Songjiang District of Shanghai. The theme for this year's conference is "Navigating a New Journey, Looking Towards the Frontier of 6G Standards." The conference will showcase the latest achievements in the innovation and development of domestic 6G (sixth-generation mobile communication technology), attracting innovative companies in the mobile communication field from both China and abroad to come to China and Shanghai for development, promoting better integration of advantageous resources along the industry chain, and assisting in the research and development of 6G frontier technology, standard formulation, and future industry cultivation.
Semiconductor Manufacturing International Corporation: GTJA Securities issued a research report stating that there are numerous convertible bonds in the semiconductor industry chain, focusing on those benefiting from the cyclical recovery of the industry in semiconductor design, manufacturing, and testing, as well as areas with a lower domestic production rate for semiconductor materials and equipment. In the short term, the performance of convertible bonds in semiconductor design, manufacturing, and testing, benefiting from the recovery in consumer electronics demand, is expected to touch bottom and rebound; in the medium to long term, the domestic production rates of photoresists, specialty gases, advanced packaging materials, semiconductor measuring/testing equipment, and semiconductor equipment components are expected to break through.
Meituan: Credit Lyonnais issued a report predicting that Meituan's total revenue for the third quarter will steadily grow by 20% year-on-year to 91.8 billion yuan, with adjusted EBIT rising by 141% year-on-year to 12 billion yuan.