North Water Trends | Beishui Trading's net purchases of 3.371 billion Tencent (00700) and Ali (09988) all received more than HK$1 billion in additional positions

The Zhitong Finance App learned that on December 19, the Hong Kong Stock Exchange had a net purchase of HK$3.371 billion, of which Hong Kong Stock Connect (Shanghai) had net sales of HK$927 million and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$4.297 billion.

The individual stocks that Beishui Net bought the most were Tencent (00700), Alibaba-W (09988), and CNOOC (00883). The individual stocks sold the most by Beishui Net were China Mobile (00941), SMIC (00981), and Xiaopeng Automobile-W (09868).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Tencent (00700) received a net purchase of HK$1,116 billion. According to the news, GF Securities released a research report saying that Tencent has achieved solid results in the advertising and game business through AI technology and category expansion. Looking ahead, the advertising business benefits from the continuous iteration of AI technology and the spread of AIM+ and other systems, and is expected to maintain a strong growth trend. Tencent has a rich product R&D and investment system in the shooting category. It has entered a new product expansion cycle and is expected to maintain steady growth in overseas and local markets. In '26, AI breakthroughs and cloud business expansion are expected to be new growth highlights.

Alibaba-W (09988) received a net purchase of HK$1,049 million. According to the news, the Alibaba Qianwen App announced that it has connected to the first Ali ecological scenario “Gaode”. Through system-level docking, the Qianwen App can call lower-level services such as Gaode Maps and Street Sweepers to instantly generate visual decision cards containing recommended restaurants, hotels, geographical locations, and travel plans. It is reported that in the future, core business scenarios such as consumption and payment under Ali will be connected to the Qianwen App one after another to accelerate the construction of a real-world service fulfillment network.

CNOOC (00883) received a net purchase of HK$216 million. According to the news, Trump has upgraded his strategy of pressuring Venezuela, and oil has become the core target of economic sanctions. Commerzbank researchers pointed out in the report that the current weakness in oil prices seems excessive. He analyzed that even if there is hope that the Russian-Ukrainian situation will ease, Russia is constrained by OPEC+ production targets and its own production capacity restrictions, and its oil supply is unlikely to expand drastically.

Changfei Optical Fiber Cable (06869) received a net purchase of HK$174 million. According to the news, Guosheng Securities pointed out that after 4 years of cyclical bottoming out of the traditional fiber optic cable market, the loose fiber market has now shown a clear sign of recovery; at the same time, the overseas specialty optical fiber market has entered a golden track of high growth under the two-wheel drive of AI computing power breakthroughs and the explosion of application scenarios. Changfei Optical Fiber Cable announced that it has completed the placement of 70 million new H shares. The net proceeds will be approximately HK$2,229 billion, and about 80% will be used to develop the company's overseas business.

Xiaopeng Automobile-W (09868) rose more than 8% today. Some of Beishui's capital sold at high prices, with a net sale of HK$35.46 million throughout the day. According to the news, Xiaopeng Motor has obtained an L3 autonomous road test license in Guangzhou and has begun normalized L3 road tests. Xiaopeng Motor's vice president “Thomas Electric Train” revealed in a Weibo post: “Looking forward to the surprise of the first quarter of next year. Get on the bus in full. In fact, some people can officially experience this version even earlier.”

Additionally, Xiaomi Group-W (01810) received a net purchase of HK$118 million. Meanwhile, China Mobile (00941) and SMIC (00981) received net sales of HK$1,053 million and HK$77.88 million respectively.