Beishui Trends | Beishui made a net purchase of 6.477 billion yuan, and Tencent (00700) is considering issuing US$5 billion bonds, Beishui is rushing to raise over HK$2.4 billion at the low

The Zhitong Finance App learned that on October 8, in the Hong Kong stock market, Beishui traded a net purchase of HK$6.477 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,836 million, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$2,641 million.

The individual stocks that Beishui Net bought the most were Tencent (00700), AIA (01299), and Xiaomi-W (01810). The individual stocks sold the most by Beishui Net were Kingsley Biotechnology (01548), Changfei Optical Cable (06869), and SMIC (00981).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Tencent (00700) closed down more than 2%, receiving a net purchase of HK$2,452 billion throughout the day. On October 8, it was reported that Tencent Holdings is considering issuing offshore bonds of up to 5 billion US dollars. This batch of bonds is planned to be denominated in both US dollars and offshore renminbi, and issuance is expected to begin as early as this month. Furthermore, there are recent reports that Tencent's leasing of Oracle's Southeast Asia data center involves about 100,000 advanced AI chips, with a transaction valuation of about 7 billion US dollars.

AIA (01299) received a net purchase of HK$1,318 billion. Bank of America Securities released a research report saying that AIA plummeted 5% on the first day of China's Golden Week holiday, and the Hang Seng Index fell 3% during the same period. According to the bank, the first day of the Golden Week in the past 6 years also saw similar high volatility. The first day's performance did not indicate a trend for the entire month of October. The sharp decline was mainly due to quiet transactions and absence of capital inflows to the south, rather than fundamental issues. Reiterating the “Buy” rating, the target price is HK$95.

Cambridge Technology (06166) received a net purchase of HK$240 million. Jiantao laminated board (01888) and Changfei optical fiber cable (06869) were net sold at HK$235 million and HK$428 million respectively. Fangzheng Securities pointed out that the continued expansion of cloud companies' capital investment is an important support for the current round of the AI hardware market, but the increase in investment scale is not always in sync with the rise in stock prices. Whether the market expectation that the cloud factory capital expenditure growth rate is peaking in this round is true may have great guiding significance for the sustainability of the AI hardware stock market in the future. In addition, Cambridge Technology announced the placement of shares and proposed the issuance of convertible bonds, with a net proceeds of approximately $6.535 billion.

CNOOC (00883) received a net purchase of HK$183 million. According to the latest short-term energy outlook report released by the EIA, the global benchmark Brent crude oil average price forecast for 2026 was raised to about 98 US dollars per barrel, 8% higher than the previous forecast. Meanwhile, Brent's average price for the fourth quarter is expected to be around $105 per barrel, 15% higher than the EIA's previous estimate.

Insili Smart (03696) received a net purchase of HK$179 million. Insilicon Smart recently announced that, driven by Insilicon Smart's own generative AI platform, the company nominated ISM1354 as a pre-clinical candidate compound (PCC), which could potentially be used to intervene in diseases related to obesity and type 2 diabetes, and is expected to expand into the field of cardiovascular diseases. Up to now, Intosilicon has announced the nomination of 10 PCCs within the first 9 months of 2026, breaking the company's annual pipeline output record.

Huahong Hongli (01347) and SMIC (00981) received net sales of HK$351 million and HK$405 million respectively. On October 8, the latest revenue report released by TSMC showed that TSMC's revenue for September was NT$511.86 billion, down 0.6% from the previous month and up 54.6% from the previous year. TSMC's revenue for the first three quarters of 2026 was NT$38,98.73 billion, up 41.1% year over year.

In addition, Xiaomi Group-W (01810) and MINIMAX-W (00100) received net purchases of HK$436 million and HK$168 million respectively, while Alibaba-W (09988) and Kingsley Biotech (01548) received net sales of HK$145 million and HK$585 million respectively.