North Water Trends | Beishui's net sales of 4.435 billion, China Mobile (00941) performance falls short of expectations, Beishui sells more than HK$1 billion throughout the day

The Zhitong Finance App learned that on October 21, in the Hong Kong stock market, Beishui traded net sales of HK$4.435 billion. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$2,298 billion and Hong Kong Stock Connect (Shenzhen) had net sales of HK$2,137 billion.

The individual stocks that Beishui Net bought the most were Changfei Optical Fiber Cable (06869), CNOOC (00883), and Kingsley Biotechnology (01548). The individual stocks sold the most by Beishui Net were Tencent (00700), China Mobile (00941), and Alibaba-W (09988).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Changfei Optical Fiber Cable (06869) received a net purchase of HK$252 million. According to TrendForce Jibang Consulting's latest communications industry research, as AI data centers, cross-data center interconnection, and high-capacity backbone network construction drive fiber demand, it is estimated that the global optical fiber supply and demand gap will reach 180 million core kilometers in 2026, and supply contraction will drive the spot price of finished optical fiber products to increase 2.8 to 5 times more per year.

CNOOC (00883) received a net purchase of HK$172 million. Ping An Securities pointed out that there is still great uncertainty about the US-Iran conflict. The security situation in the Strait of Hormuz has deteriorated, and the probability that the US will launch a new round of military strikes against Iran is rising; the situation in Yemen is spiraling. The Saudi coalition forces launch frequent air strikes on many parts of Yemen, and the Houthis continue to attack airports and oil facilities in Saudi Arabia. The situation in Yemen is difficult to slow down in the short term. Therefore, we believe that geographical risks still have strong support for international oil prices at this stage.

Kingsley Biotech (01548) received a net purchase of HK$23.68 million. Kingsley Biotech recently announced that LEGENDARY BIOTECH disclosed that CARVYKTI's net trade sales in Q3 were approximately US$710 million. Judging from the quarterly trend, the product sold 597 million US dollars in Q1, reached 657 million US dollars in Q2, and further climbed to 710 million US dollars in Q3, and continued to increase from month to month.

China Mobile (00941) had a net sale of HK$1,033 million. Citigroup released a research report saying that China Mobile's results for the third quarter of 2026 fell slightly short of expectations. The company's revenue for the third quarter was RMB 242.3 billion, down 3.4% year on year, 1.0% lower than the bank's forecast and 2.4% lower than market expectations; net profit was RMB 27.3 billion, down 12.4% year on year, 3.2% and 5.9% lower than the bank's and market expectations, respectively.

Tencent (00700) had a net sale of HK$1,705 billion. Haitong Securities released a research report stating that Tencent's adjusted operating profit for the third quarter is predicted to drop 5% year-on-year. The bank pointed out that AI is still Tencent's strategic investment focus, and short-term depreciation will still drag down financial performance, but Tencent favors disciplined deployment rather than automatically speeding up spending quarterly. The bank slightly lowered its target price by 2% to HK$470 to reflect the lower earnings per share forecast and maintain the “better than the market” rating.

In addition, Jiantao Laminate (01888) received a net purchase of HK$16.23 million. Meanwhile, Alibaba-W (09988) and SMIC (00981) received net sales of HK$888 million and HK$713 million respectively.