On December 22, in the Hong Kong stock market, Beishui traded a net purchase of 3.046 billion, of which Hong Kong stock connect (Shanghai) traded a net purchase of HK $2.129 billion and Hong Kong stock connect (Shenzhen) traded a net purchase of HK $917 million.
The stocks beishuijing bought most were Tencent (00700), meituan-w (03690) and Xiaomi group-w (01810). The most sold stocks of beishuijing are Cosco Shipping Holdings Co.Ltd(601919) (01919) and China Mobile (00941). Top 10 active trading stocks of Hong Kong stock connect (Shanghai) top 10 active trading stocks of Hong Kong stock connect (Shenzhen)
Kwai Shui capital continued to increase its net share. Tencent (00700), -W (03690) and fast -W (01024) were purchased 482 million, 363 million, and 213 million Hong Kong dollars respectively. On the news side, Dahe released a research report saying that it reiterated its positive views on the Internet industry and preferred Tencent holdings, netease-s, meituan and JD group SW. According to the report, Tencent’s target price is HK $650 and its rating is “buy”; The bank regards the early release and approval normalization of Netease’s new games as a potential catalyst; We are optimistic about meituan’s leading position in the takeout industry and the improvement of new business development, with a target price of HK $350. The report mentioned that the controlled epidemic situation or better than expected, coupled with the possible acceleration of game approval, will be a potential stock price catalyst in the near future.
Bank of China continued to increase its positions, and China Construction Bank Corporation(601939) (00939) and Industrial And Commercial Bank Of China Limited(601398) (01398) were net purchased of HK $198 million and HK $84.64 million respectively. On the news side, the latest loan market quotation rate (LPR) was released on December 20. This is the first reduction of one-year LPR this year and the first reduction after April 2020. Industry insiders said that since 2021, the people’s Bank of China has strengthened cross cycle regulation, maintained reasonable and sufficient liquidity of the banking system, effectively reduced the capital cost of banks, promoted the decline of the one-year LPR, and the decline of LPR has also created favorable conditions for the financial system to transfer profits to the real economy. Looking forward to the future, monetary policy will further promote the decline of entity financing costs. At the same time, if the LPR remains unchanged for more than 5 years, it will release the signal of “no speculation in real estate” and maintain the virtuous circle and healthy development of the real estate industry.
Property management stocks were also increased, and poly property (06049) and Country Garden Service (06098) were net purchased of HK $153 million and HK $145 million respectively. On the news side, JPMorgan reported that investors were worried about the property management company becoming a financing tool for developers recently, and the market reacted negatively to such transactions. The bank believes that this concern should not apply to all property management companies, but prefer companies with low risk of being used as financing instruments in the short term, including poly property, country garden services, etc.
Xiaomi group-w (01810) received a net purchase of HK $258 million. On the news side, Xiaomi’s official microblog announced that the new product launch of Xiaomi 12 was scheduled for December 28, and announced the front photos of Xiaomi 12 series, providing dual size options, of which Xiaomi 12 is about 6.2 inches and Xiaomi 12pro is about 6.7 inches. Lei Jun said on his microblog: “Xiaomi’s high-end mobile phone officially began to benchmark apple and learn from apple. The annual flagship mobile phone Xiaomi 12 has a large and small size to meet the needs of different rice flour friends. Xiaomi 12, a small-size high-end flagship, has a bloody experience and configuration, and feels super first-class. Xiaomi 12 pro, an all-round high-end flagship, has the ultimate configuration and experience.”
Anta sports (02020) received a net purchase of HK $83.22 million. On the news side, Dama released a research report that it rated Anta sports as “overweight” with a target price of HK $160. According to the report, the company’s performance over the past 30 years shows its inherent ability of expansion, adaptation, evolution and breakthrough, and points out a long-term growth path for the vision of the next decade. Recent business news and the declaration of a special interim dividend will help improve investor sentiment. The performance of Anta brand in the second half of the year is generally in line with the target, and the management is confident to achieve the original sales target. The category of running supplies will be the key product of the group in the future, and the goal is to become the first choice in the eyes of customers.
Cosco Shipping Holdings Co.Ltd(601919) (01919) was sold net of HK $183 million. On the news front, the Baltic dry bulk freight index fell for the eighth consecutive trading day and hit its lowest level since mid April. The Baltic dry bulk freight index fell 8 points, or 0.34%, to 2371, the lowest since April 15. The Capesize freight index rose 80 points, or 2.93%, to 2807, stopping its decline for eight consecutive trading days. The average daily profit of Cape ships rose $670 to $22283. The Panamax freight index fell 88 points, or 3.6%, to 2356, a one month low. Panamax’s average daily profit fell $790 to $21204. The super convenient vessel freight index fell 33 points, or 1.34%, to 2436 points, the lowest in more than two weeks.
In addition, China Mobile (00941) and Byd Company Limited(002594) shares (01211) received net purchases of HK $141 million and HK $27.85 million respectively. China Mobile (00941) was sold net of HK $1.85 million.
(Zhitong finance and Economics Network)
