Beishui Trends | Beishui's net purchase of 1,856 billion Technet stocks and chip stocks are all now divided. Beishui plus Cang Meituan (03690) is nearly HK$600 million

The Zhitong Finance App learned that on November 9, in the Hong Kong stock market, Beishui traded a net purchase of HK$1,856 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1,049 million and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$807 million.

The individual stocks that Beishui Net bought the most were Meituan-W (03690), China Mobile (00941), and CNOOC (00883). The individual stocks sold the most by Beishui Net were Tencent (00700), Huahong Hongli (01347), and Changfei Optical Cable (06869).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Technology Network shares diverged. Meituan-W (03690) and Alibaba-W (09988) received net purchases of 591 million and HK$12.61 million respectively, while Tencent (00700) had a net sale of HK$322 million. Morningstar recently released a research report saying that Chinese chipmakers are currently benefiting from the increase in AI capital expenditure, but in the long run, Internet companies are the ultimate beneficiaries, ranking Tencent and Alibaba as the first choice, pointing out that Tencent and Ali's existing business can provide profits. If the progress of AI adoption or monetization is not as expected, the business situation can still maintain great resilience. At the same time, AI can also help the development of the Internet, advertising and game business.

China Mobile (00941) received a net purchase of HK$241 million. China Mobile held the 2026 Mobile Network Conference in Guangzhou from November 5 to 7. There was a clear shift to integrated infrastructure of communications, computing power and intelligence, and AI infrastructure became a clear investment priority. China Mobile expects total procurement and investment to exceed 500 billion yuan in 2027, including more than 100 billion yuan in computing power and more than 100 billion yuan in terminal purchases.

CNOOC (00883) received a net purchase of HK$199 million. CNOOC's net profit to mother for the first three quarters was 11.118 billion yuan, +16.8% year-on-year; in the third quarter, net profit to mother was 33.30 billion yuan, +2.7% year-on-year. Huaan Securities pointed out that the 26Q3 depreciation dragged down performance, and the competitive cost advantage was consolidated. Oil prices rose sharply year on year, and oil and gas sales revenue reached a record high during the same period. Actively promote the commissioning of new projects and continue to increase storage and production.

Preferred Choice (09880) received a net purchase of HK$75.57 million. Recently, the world's first bionic humanoid robot news anchor was officially released at the 7th World Media Summit Forum on Artificial Intelligence and Chinese Modernization. The bionic humanoid robot news anchors released this time are called “New Words” and “New Words”. They were jointly developed by Xinhua News Agency and Premium Choice. Chinese director Zhang Yimou is the main image creator and designer, created for the news dissemination scene.

SMIC (00981) received a net purchase of HK$46.98 million, while Huahong Hongli (01347) received a net sale of HK$73.9 million. Huahong Hongli's third-quarter revenue was 6.706 billion yuan, up 13.95% year on year; net profit to mother was 835 million yuan, up 136.14% year on year. According to the announcement, the company's depreciation and amortization in the third quarter was US$265.8 million, an increase of about 31% over the previous year; the increase in gross margin was mainly due to rising average sales prices, but the announcement clearly mentioned “partly offset by rising depreciation costs.”

In addition, Xiaomi Group-W (01810) and Zhongji Xuchuang (03308) received net purchases of HK$99.87 million and HK$40.44 million. Meanwhile, Changfei optical fiber cable (06869) and Jiantao laminated board (01888) were net sold at HK$49.96 million and HK$12.46 million respectively.