On February 15, in the Hong Kong stock market, Beishui sold a net 1.543 billion, of which Hong Kong stock connect (Shanghai) sold a net HK $2.149 billion and Hong Kong stock connect (Shenzhen) bought a net HK $606 million.
The stocks that beishuijing bought most were Yaoming Biology (02269), Xiaopeng auto-w (09868), China Shenhua Energy Company Limited(601088) (01088). The most sold stocks of beishuijing are China Construction Bank Corporation(601939) (00939), Industrial And Commercial Bank Of China Limited(601398) (01398) and China Resources Power (00836).
Top 10 active trading stocks of Hong Kong stock connect (Shanghai)
Top 10 active trading stocks of Hong Kong stock connect (Shenzhen)
Yaoming Biology (02269) received a net purchase of HK $790 million. On the news side, Zheshang Securities Co.Ltd(601878) believes that the valuation bottom of CXO sector gradually appears after the previous continuous decline. At present, CXO sector is generally at the bottom of historical valuation. Under the prospect of continuous external positive catalysis and continuous improvement of internal operation quality and overseas key customer recognition, it is optimistic about CXO market. In addition, according to the equity data of the Hong Kong stock exchange, on February 11, Yaoming biological obtained an additional 5.5363 million shares from American capital group, with an average price of HK $56.077 per share and a capital of about HK $310 million. After the increase, the latest shareholding number of American capital group was 297 million shares, and the shareholding ratio increased from 6.92% to 7.05%.
Xiaopeng auto-w (09868) received a net purchase of HK $225 million. In terms of news, on February 9, the Shenzhen Stock Exchange announced that according to the relevant provisions of the measures for the implementation of Shenzhen Hong Kong stock connect of Shenzhen Stock Exchange, Xiaopeng automobile was included in the list of Hong Kong stocks under Shenzhen Hong Kong stock connect, which officially took effect from February 9. In addition, Citic Securities Company Limited(600030) believes that at present, the three new forces are in the acceleration period of profitability improvement, and their large R & D investment still leads to their strategic losses in the short term, but their rising gross profit of single vehicle has shown their ability to approach the breakeven point in the future. Innovatively proposed to use the valuation method of “market value / gross profit” to conduct comparable valuation for auto enterprises. At present, the three new forces all have very high valuation cost performance.
Sihuan Pharmaceutical (00460) received a net purchase of HK $24.72 million. On November 2022, cbgel group announced that Hugel, the largest controlling shareholder of Hugel group, has become the largest controlling shareholder of Hugel group. The management of the company, CBC group and Hugel believe that maintaining close strategic cooperation between the group and Hugel is beneficial to all three parties and will maximize the value of each party for their respective shareholders. CBC group plans to further promote and strengthen the strategic cooperation between Hugel and the group in China, including but not limited to the current cooperative products botulinum toxin letipol and hyaluronic acid.
Great Wall Motor Company Limited(601633) (02333) was sold net of HK $91.84 million. On the news front, Great Wall Motor Company Limited(601633) released the January production and sales express, with sales of about 111800 vehicles, a year-on-year decrease of 19.59%; The output was about 111300 vehicles, a year-on-year decrease of 19.35%. In addition, according to media reports, Great Wall Motor Company Limited(601633) ‘s Euler brand models – Euler black cat and white cat will no longer accept new car orders from now on, and the duration is unknown. Relevant personnel said: first, because the national subsidy for new energy vehicles has declined, the price of black-and-white cats is not high, which is of little significance. Second, the supply chain of relevant parts is in short supply, and in addition, the production capacity is not up to the top.
Cinda Biology (01801) rebounded sharply by more than 16% today. Some Beishui funds fled at high prices, with a net sales volume of HK $97.34 million throughout the day. On the news side, Bank of America Securities said that the approval of xindili’s new drug listing application by the U.S. authorities will be postponed from this year to 2024, and the number of sales points will be reduced. However, as the first monoclonal antibody product included in the national medical insurance catalogue, the peak sales in the Chinese market may still reach more than 3 billion yuan. At the same time, the company has rich product pipelines to provide sustainable growth power, and reiterates its “buy” rating of Cinda biology. Da Mo said that due to the low visibility of the prospect, the sales forecast of cindilimab in the United States has been reset to zero, and the target price of Cinda biology has been reduced from HK $95 to HK $65 accordingly.
Tencent (00700) was sold net of HK $228 million. In terms of news, Nomura published a research report that Tencent Holdings’ performance in the fourth quarter of last year may be slightly lower than market expectations. Due to the weak online advertising revenue, the total revenue in the fourth quarter is expected to increase by 8% year-on-year; Due to the increase in operating expenses, the adjusted operating profit margin is expected to fall by 4.5 percentage points to 21% year-on-year; Adjusted earnings per share will fall 10% year-on-year to 3.08 yuan, about 1% lower than market expectations. The bank maintained its “buy” rating and target price of HK $586.
China Resources Power (00836) was sold net of HK $304 million. On the news front, BOCOM International reported that the net profit of China Resources power is expected to fall by 70-80% year-on-year last year, which is greater than the bank’s original prediction. The bank said the news was negative because it had earlier communicated with investors that they expected profits to fall by only 50% year-on-year last year, even in the worst case. For the group’s plan to spin off the renewable energy sector for listing in Hong Kong, the bank said it was conservative, which may reduce its market attractiveness. It is worth noting that today, media reports said that informed sources said that China Resources Power has selected ABC international, CICC, HSBC and Morgan Stanley to promote the spin off and listing of renewable energy business in Hong Kong. It is expected to conduct an initial public offering in the middle of this year, which is expected to raise about US $1 billion to US $2 billion.
Domestic bank shares were sold off again, and China Construction Bank Corporation(601939) (00939) and Industrial And Commercial Bank Of China Limited(601398) (01398) were sold net of HK $580 million and HK $422 million respectively. In addition, China Shenhua Energy Company Limited(601088) (01088) received a net purchase of HK $112 million. CNOOC (00883) and China Mobile (00941) were sold net of HK $127 million and HK $82.67 million respectively.
