On February 23, in the Hong Kong stock market, Beishui traded a net purchase of 1.458 billion, including a net sale of HK $424 million through Hong Kong stock connect (Shanghai) and a net purchase of HK $1.882 billion through Hong Kong stock connect (Shenzhen).
The largest number of stocks bought by north water net are -W (03690), China Gas (00384) and Kwai -W (01024). Beishuijing sold the most stocks are China Mobile (00941), Tencent (00700), Industrial And Commercial Bank Of China Limited(601398) (01398).
Top 10 active trading stocks of Hong Kong stock connect (Shanghai)
Top 10 active trading stocks of Hong Kong stock connect (Shenzhen)
Meituan-w (03690) received a net purchase of HK $968 million. In terms of news, the economic daily commented on guiding the delivery platform to reduce service fees. Recently, 14 departments jointly issued several policies on promoting the recovery and development of difficult industries in the service industry. Among the 43 relief measures, some people focused on this one: “Guide Internet platform enterprises such as takeout to further reduce the service fee standard of catering merchants”, which was interpreted as the continuous fall in the supervision of the platform economy, the valuation logic of the platform economy needs to be reconstructed, and the stock prices of some takeout platforms fell sharply. Lowering the service fee may affect the valuation logic of the platform economy, but it does not mean that the prospect of platform enterprises is worrying.
China Gas (00384) received a net purchase of HK $447 million. On the news front, China Gas announced that on February 22, 2022, the company spent HK $215 million to repurchase 17.085 million shares at a repurchase price of HK $12.42-13.14 per share. Dahe released a research report saying that the recent decline in gas stocks is still expected, and it is still optimistic about China’s gas industry. The bank believes that with the mixed ownership reform of large state-owned regional urban gas companies and the M & A of small urban gas enterprises brought about by the improvement of natural gas safety standards, it is expected to bring a new round of M & a wave, and the M & A opportunities in 2022 will increase.
Kwai -W (01024) was net purchase of HK $429 million. Recently, Kwai Kong Sports and UEFA have reached copyright cooperation, becoming the official live and short video platform of the UEFA Champions League this season (2021/2022 season), and won the authorization of the two winning of the Champions League live broadcast and short video.
Xiaopeng auto-w (09868) received a net purchase of HK $209 million. In terms of news, Hang Seng Index announced on Friday that Xiaopeng automobile-w was included in Hang Seng technology index and Hang Seng Composite Index. CICC expects that the inclusion of Xiaopeng automobile-w in the Hang Seng technology index will bring us $29.61 million in passive capital inflows, which will take 0.5 days.
Xiaomi group-w (01810) received a net purchase of HK $143 million. In terms of news, the Huatai Securities Co.Ltd(601688) Research Report indicates that the 4q21 revenue of Xiaomi group is expected to increase by 19% and the net profit of non GAAP caliber is expected to increase by 26%. Mainly driven by the 18% / 20% / 16% revenue growth of smartphone, Internet of things and Internet business. According to IDC data, the shipment volume of 4q21 Xiaomi smart phones was 45 million, a year-on-year increase of 3%. Under the high-end strategy, the higher average price offset the negative impact of weak sales. The bank maintained the “buy” rating of Xiaomi group – W and the target price of HK $30.
Dongyue Group (00189) received a net purchase of HK $114 million. On the news, Tesla recently announced that it has produced 1 million 4680 batteries at a pilot plant in California. It is reported that the positive and negative electrodes of 4680 battery will be coated with PVDF (polyvinylidene fluoride resin) on the diaphragm. According to the national energy information platform, the consumption of 1GWh of ternary battery containing 2% PVDF is about 20 tons. Haitong international calculates that the consumption of 4680 batteries containing 8% PVDF and 1GWh PVDF will be increased to about 80 tons.
Great Wall Motor Company Limited(601633) (02333) was sold net of HK $69.75 million. In terms of news, it was recently reported that BMW sold the Oxford Mini factory to the Chinese auto manufacturer Great Wall Motor Company Limited(601633) . BMW said that the future of the factory was “beyond doubt” and stressed that it had no plan to sell the Oxford Mini factory. In addition, there are market rumors that Linyi production base, one of the nine production bases of Zhongtai, was acquired by Great Wall Motor Company Limited(601633) . The relevant person in charge of Zhongtai automobile said that the company had not signed any strategic agreement with Great Wall Motor Company Limited(601633) . The relevant person in charge of Great Wall Motor Company Limited(601633) also gave a “denial” response. “The company has no plan to acquire Zhongtai’s production base.”
Smore International (06969) was sold net of HK $95.07 million. In terms of information, the Ministry of public security, the state tobacco monopoly administration, the State Administration of market supervision and the Ministry of Education jointly issued the special work plan for cleaning up and rectifying the sale of e-cigarettes to minors and severely cracking down on crimes involving e-cigarettes. It is planned to carry out special cleaning up and rectification work from now on to the end of April, including through special work, Clean up the e-cigarette outlets and e-cigarette vending machines around the campus, ban unlicensed business places, clean up and delete the harmful information of online e-cigarette sales, and effectively protect and maintain the physical and mental health of minors.
Tencent (00700) was sold a further HK $225 million. On the news side, the Research Report of Damo said that Tencent’s share price fell 5% yesterday due to the stricter regulation of game content and the rumors of stopping issuing game version numbers this year. After hours, the State Press and Publication Administration clarified that it was still accepting the application, and the game Working Committee of the national audio and digital association also denied the news. Dama said it did not think that new game regulations had been added on February 21 or since the beginning of the year, pointing out that stricter content supervision and juvenile protection are not new news. The bank said that most Chinese game publishers are also expanding overseas, and more than 20% of Tencent’s game revenue comes from the international market.
In addition, China Mobile (00941), Industrial And Commercial Bank Of China Limited(601398) (01398), Ganfeng Lithium Co.Ltd(002460) (01772) were sold net of HK $500 million, HK $214 million and HK $178 million respectively.
