On March 2, in the Hong Kong stock market, Beishui traded a net purchase of 2.335 billion, including a net purchase of HK $394 million through Hong Kong stock connect (Shanghai) and HK $1.941 billion through Hong Kong stock connect (Shenzhen).
Beishuijing bought the most stocks are meituan-w (03690), CNOOC (00883) and Tencent (00700). The most sold stocks of beishuijing are Shunyu optics (02382), China Construction Bank Corporation(601939) (00939) and HKEx (00388).
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 $823 million. On the news front, Goldman Sachs released a report that meituan launched six assistance measures to small and medium-sized merchants with operating difficulties in medium and high-risk areas of the epidemic from March to December this year in response to the guidelines of the authorities, including halving the commission charge for qualified merchants with difficulties, capping it with RMB 1 per order, and pushing the upper limit of 5% for merchants with difficulties in completing the rate transparency. The bank maintained its “buy” rating on meituan with a target price of HK $300. The bank assessed the potential impact of these policies on the economic benefits of meituan takeout units in 2022 through scenario analysis, and it is expected that they will have no material impact on the medium and long-term economic benefit trajectory of meituan in 2023.
CNOOC (00883) received a net purchase of HK $767 million. On the news side, the situation in Russia and Ukraine continued to deteriorate, Europe and the United States stepped up sanctions against Russia, and the market was worried about the obstruction of oil market transactions and supply. WTI crude oil once rose nearly 8%, standing at $110 / barrel, a new high since September 2013.
Tencent (00700) received a net purchase of HK $606 million. On the news side, Guosen Securities Co.Ltd(002736) released a research report that the regulatory direction of the Internet industry has not changed, but the margin has improved. We have the same view on the performance of the Internet industry throughout the year. With the relaxation of policy margin and improvement of performance, the sector is expected to rebound. In March, the Internet industry will release Kwai Chung annual report in 2021. We suggest that we should give priority to the layout of the Internet leading companies with excellent annual reports and NetEase. At the same time, Tencent’s valuation has been at an all-time low -, which is a core asset with many high-quality upward options. It is suggested to bargain hunting layout.
Kingsley Biotechnology (01548) received a net purchase of HK $1.123 billion. On the news surface, Kingsley biotechnology announced that the legendary xidakiolensai local time on February 28, the US listing application (BLA) was approved by FDA for the treatment of adult recurrent / refractory multiple myeloma (mm), becoming China’s first FDA approved cell therapy product and the world’s second approved car-t cell immunotherapy targeting BCMA.
Yankuang energy (01171) received a net purchase of HK $88.97 million. In terms of news, Citigroup released a research report that the national development and Reform Commission issued a notice on further improving the coal market price formation mechanism and improving the coal market price formation mechanism. The latest long-term reasonable price is between 570770 yuan per ton, with the middle price 4% lower than the original guidelines, but still 25% higher than the 201620 price guidelines. The bank expects that the policy will benefit coal producers with more long-term contract sales. The government will also adjust the price to a reasonable range under the guidance of laws and regulations. However, spot prices are still difficult to control.
The Hong Kong Stock Exchange (00388) was sold a net HK $216 million. On the news front, Citigroup released a research report, reiterating the “sell” rating of the HKEx. The IPO of the HKEx was mainly driven by the return of new economy stocks and China concept stocks. It had previously been estimated that the return of China concept stocks would increase the average daily turnover to 35 billion yuan. Considering that the average daily turnover was lower than expected, the earnings per share forecast for fiscal year 202224 was reduced by 5%, and the target price was reduced by 5% from HK $400 to HK $380.
Shunyu optics (02382) was sold a net HK $671 million. According to the research report released by Damo, due to the weaker than expected shipment volume last year, the profit of sunny is expected to be risky, and the annual revenue forecast is reduced by 8%. In addition, the increasingly fierce competition in the global smartphone lens industry may have an adverse impact on the market share or profit margin, Therefore, Shunyu’s global market share of mobile phone lens and lens module is expected to be reduced by about 4 percentage points in the second half of last year and this year. UBS maintained the “neutral” rating of Shunyu optical technology, and the target price was reduced by 13% from HK $230 to HK $200.
In addition, Xiaomi group-w (01810) and Country Garden Service (06098) received net purchases of HK $165 million and HK $37.01 million respectively. The net amount of .
