North Water Trends | Beishui's net purchase of 5.846 billion, countdown to Anthropic's listing, Beishui Gakura Smart Spectrum (02513) exceeds HK$800 million

The Zhitong Finance App learned that on November 12, in the Hong Kong stock market, Beishui traded a net purchase of HK$5.846 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$5.78 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$67 million.

The individual stocks that Beishui Net bought the most were Alibaba-W (09988), Zhiguo (02513), and SMIC (00981). The individual stocks sold the most by Beishui Net were Tencent (00700), Zhongji Xuchuang (03308), and Cambridge Technology (06166).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Alibaba-W (09988) received a net purchase of HK$1,124 million. Alibaba officially proposed to split Pingtou and list it in Hong Kong. The goal is to increase the contribution of self-use of computing power from more than 10% to 40% to 50%, and it is expected to ship about 700,000 GPUs in 2027. Bank of America Securities sees the spin-off as a positive catalyst, but emphasizes the need for evidence of strong revenue growth, regulatory progress, and transaction terms before investors can give independent valuations.

Smart Spectrum (02513) and MINIMAX-W (00100) received net purchases of HK$843 million and HK$122 million respectively. Anthropic shares are expected to be traded on NASDAQ on November 20. Zheshang Securities pointed out that the implementation of Anthropic pricing will provide the first publicly comparable pricing reference for cutting-edge overseas model companies such as Smart Spectrum and MiniMax, bringing opportunities for sector valuation repair.

SMIC (00981) and Huahong Hongli (01347) received net purchases of HK$497 million and HK$71.73 million respectively. SMIC announced post-market results. In the third quarter, the company's overall sales revenue reached US$3.19 billion, up 6.1% month on month; gross margin was 29.9%, up 4.6 percentage points from month to month. In the fourth quarter, revenue is expected to increase by 4%-6% month-on-month, and gross margin guidance is 26%-28%.

Tencent (00700) had a net sale of HK$60.6 million. On November 12, in response to today's claims about “Tencent's 50% layoff,” Interface News learned from people close to Tencent that during Tencent's 28th anniversary Linktime live broadcast, Tencent management took the initiative to express their determination to speed up organizational change. At the same time, it was specifically mentioned that this is not the same as “reducing costs and increasing efficiency” a few years ago.

In addition, Jiantao Laminate (01888) and Changfei Optical Fiber Cable (06869) received net purchases of HK$291 million and HK$147 million respectively. Meanwhile, Zhongji Xuchuang (03308) and Cambridge Technology (06166) were net sold at HK$29.62 million and HK$9.81 million respectively.