Beishui Trends | Beishui traded net sales of 2,495 billion. Beishui plus Xiaomi (01810) and Zhi Spectrum (02513) sold AI hardware stocks throughout the day

The Zhitong Finance App learned that in the Hong Kong stock market on July 28, Beishui traded net sales of HK$2,495 billion. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$552 million and Hong Kong Stock Connect (Shenzhen) had net sales of HK$1,942 million.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810) and Zhi Pec (02513). The individual stocks sold the most by Beishui Net were Huahong Hongli (01347), SMIC (00981), and Changfei Optical Cable (06869).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$358 million. Lei Jun, founder, chairman and CEO of Xiaomi, announced in a social media post that the Xiaomi Pengcheng series technical conference is officially scheduled to be held at 7 p.m. on July 30. Lei Jun said that as the second technical conference hosted by Xiaomi, the event will focus on showcasing new developments in Xiaomi's car building technology. At that time, the Xiaomi Pengcheng N90 and N70 SUV models will officially debut.

Smart Spectrum (02513) received a net purchase of HK$268 million. Zhi Spectrum previously released a new generation flagship model, GLM-5.2. The model is built for long-range task capabilities and supports a million token-long context that can be used by the project. In the international comprehensive evaluation, GLM-5.2 is at the forefront of the global open source model, reaching the international advanced level in core capabilities such as programming and long-range tasks.

Jiantao Laminated Board (01888), GigaYi Innovation (03986), and Changfei Optical Fiber Cable (06869) received net sales of HK$271 million, $272 million, and HK$640 million respectively. On Monday, Nvidia's credit default swap (CDS) price recorded its biggest one-day increase on record. According to reports, Nvidia is promoting AI infrastructure-related cooperation with a total scale of over 750 billion US dollars. The analysis points out that as Nvidia simultaneously plays multiple roles in the AI industry chain, such as a chip supplier, investor, and financing supporter, the market continues to pay attention to the financing model in AI infrastructure construction because of the circular nature of such agreements.

Alibaba-W (09988) had a net sale of HK$374 million. The European Commission announced that according to the EU Digital Services Law (DSA), AliExpress, a cross-border e-commerce platform owned by Alibaba, was fined 550 million euros (approximately RMB 4.25 billion), setting a record for the highest penalty since the EU DSA came into effect. Notably, the stock price performance of Google and Tesla after the latest financial reports proved that AI transactions have switched from “story driven” to a “cash flow verification” stage.

CNOOC (00883) had a net sale of HK$501 million. Macquarie published a research report. It is expected that CNOOC's profit for half a year may fall short of market expectations, mainly due to the expansion of discounts between its crude oil price and Brent futures, as well as potential impairment effects. The bank predicts that the Group's net profit for the first half of the year will be 83.9 billion yuan, an increase of 21% year-on-year. The bank maintained CNOOC's “outperforming the market” rating and lowered the target price by 2% to HK$17.5 from HK$17.8 to reflect weak oil price achievement and higher impairment assumptions.

In addition, Tencent (00700), SMIC (00981), and Huahong Hongli (01347) received net sales of HK$513 million, 682 million and HK$884 million respectively.