On February 25, in the Hong Kong stock market, Beishui traded a net purchase of 3.161 billion, including a net purchase of HK $1.353 billion through Hong Kong stock connect (Shanghai) and HK $1.808 billion through Hong Kong stock connect (Shenzhen).
Beishuijing bought the most stocks are meituan-w (03390), Yaoming Biology (02269) and Tencent (00700). Beishuijing sold the most stocks in the Hong Kong Stock Exchange (00388), China Mobile (00941) and China Shenhua Energy Company Limited(601088) (01088).
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 $700 million. In terms of news, Daiwa published a research report that it believed that the new notice issued by the national development and Reform Commission and other departments was not specifically aimed at the takeout industry and had a limited impact on meituan’s actual yield. Meituan’s performance in the fourth quarter is expected to be stable. Dahe pointed out that in the case of weak consumer demand, the subsidy expenditure for users may be reduced. In the third quarter of last year, the discount granted by meituan to customers accounted for about 3% of the total takeout transaction (GTV), and the subsidy in some mature cities was only about 1.5%. It is expected that there is sufficient room for the actual yield to rise. Dahe believes that the loss of meituan’s new business in the first half of this year may be lower than expected, and reiterates its “buy” rating,
Yaoming Biology (02269) received a net purchase of HK $591 million. On the news front, Southwest Securities Co.Ltd(600369) released a research report that the CXO sector suffered a large decline due to the impact of the previous UVL event. At present, according to the published performance forecast for 2021, the prosperity of the sector is still in progress, and it rebounded more due to Porton Pharma Solutions Ltd(300363) the newly signed cdmo order of Pfizer small molecule oral medicine, Hangzhou Tigermed Consulting Co.Ltd(300347) stock repurchase plan and other events. According to the research report released by Huaxi Securities Co.Ltd(002926) , the performance forecast of CXO company disclosed in January 2022 continued the trend of rapid growth, that is, the total operating revenue of core companies increased by more than 40% year-on-year in 2021, and gradually entered a relatively reasonable valuation range considering that the 22-year PE valuation level of some companies was in the range of 30-40 times.
Tencent (00700) received a net purchase of HK $390 million. On the news side, according to Zhong Yuanhe, vice president of Tencent cloud and general manager of IDC Platform Department, according to the science and Innovation Board daily, Tencent is negotiating to land the Shaoguan Data Center cluster of Dawan District hub of “counting East and counting West”, but it has not been finalized. “In Dawan District, we used to rent more operators, such as telecom, China Unicom and China Mobile. Shaoguan has been designated as one of the key nodes of the data center. I believe it is not just Tencent, but the whole industry has the demand for data center nodes in South China.”
China Resources Power (00836) received a net purchase of HK $274 million. On the news side, Haitong Securities Company Limited(600837) released a research report that ensuring the profitability of power plants is an urgent task for the economy at this stage. The coal supply policy is also making efforts, and the price control measures are also being promoted. The improvement of the profitability of the thermal power industry will be the trend this year and next. The bank believes that the power market reform is about to usher in a breakthrough development, and the power industry has the advantages of undervaluing and determining growth. In the long run, China’s power demand still has room to rise, and the industry should obtain better valuation.
Kwai -W (01024) was net purchase of HK $267 million. On the news side, according to the late report, China’s Kwai has set the goal of achieving breakeven in China at the end of the year, and set its advertising revenue target range between 58 billion yuan and 59 billion yuan. To achieve these goals, Kwai has made many measures to improve advertising revenue: first, plan to increase the loading rate of ads, and increase the percentage of advertising at least by 1 percentage points. Second, improve the accuracy of advertising recommendation and reduce the loss of mainstream advertising; Third, focus on the development of industries with low penetration rate.
CNOOC (00883) received a net purchase of HK $196 million. On the news front, Cinda securities released a research report saying that maintaining CNOOC’s “buy” rating benefited from rising crude oil prices and output growth. The performance growth accelerated from 2021 to 23, the valuation was at the absolute bottom of history, significantly lower than the industry level, and enjoyed high dividends. In view of the intensification of the shortage of crude oil supply and the production increase of OPEC + oil producing countries did not meet expectations, the Biden government has limited support for shale oil and raised the oil price and profit forecast.
China Shenhua Energy Company Limited(601088) (01088) was sold net of HK $152 million. On the news side, the national development and Reform Commission issued a notice on further improving the coal market price formation mechanism. The notice will be implemented from May 1, 2022, and the price of imported coal does not apply to the notice. The reasonable range of medium and long-term transaction price of coal extraction in key areas has been notified and set, of which the reasonable range of coal price with calorific value of 5500kcal in Shanxi is 370-570 yuan / ton and that in Shaanxi is 320-520 yuan / ton.
The Hong Kong Stock Exchange (00388) was sold a net HK $665 million. On the news front, UBS released a research report saying that it maintained the “buy” rating of the Hong Kong stock exchange. In order to reflect the rise of macro uncertainties, UBS lowered the daily average trading volume forecast of the Hong Kong stock exchange from this year to 2024 by 14% to 16%, to between 153 billion yuan and 214 billion yuan. Therefore, the target price was reduced by 7.7% from HK $575 to HK $531. According to the report, the performance of the Hong Kong Stock Exchange last year was roughly in line with expectations, and the annual net profit increased by 9% to 12.5 billion yuan, which means an 8.6% decline in the fourth quarter of last year, mainly due to the high base of investment income and the slowdown of trading volume in the spot market.
In addition, Xiaomi group-w (01810) and Yankuang energy (01171) received net purchases of HK $84.45 million and HK $49.55 million respectively. China Mobile (00941) and China Construction Bank Corporation(601939) (00939) were sold net of HK $212 million and HK $10.15 million respectively.
