North Water Trends | Beishui sold a net purchase of 3.363 billion yuan, and Beishui continued to increase its position with Zhipu (02513) to sell CNOOC (00883) throughout the day

The Zhitong Finance App learned that on September 17, in the Hong Kong stock market, Beishui traded a net purchase of HK$3.363 billion. Among them, Hong Kong Stock Connect (Shanghai) had net purchases of HK$2,502 million and Hong Kong Stock Connect (Shenzhen) had net purchases of HK$861 million.

The individual stocks that Beishui Net bought the most were Zhiguo (02513), Jiantao Laminated Board (01888), and Tencent (00700). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), CNOOC (00883), and SMIC (00981).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Smart Spectrum (02513) received a net purchase of HK$1,828 billion. Smart Spectrum management revealed during a conference call that they are confident that the company's year-end ARR guidelines will be raised from 2.4 billion US dollars to 3 billion US dollars. Up to now, the company's full business ARR has reached 1.8 billion US dollars. Within 1 month since the release of GLM-5.3, the order amount in the Zhipu Co-work field has exceeded 1 billion yuan. The model application has moved from the verification stage to the production-level deployment stage and has begun to generate large-scale revenue.

Jiantao Laminate (01888) received a net purchase of HK$305 million. In August, the price of 7628 electronic cloth dealers sold at 15 yuan/meter, and increased by 10-20% in September; currently, the price of 7628 electronic cloth from electronic cloth manufacturers is 11-12 yuan/meter, and the price increase has been accelerating for three consecutive months. Cathay Pacific Haitong Securities pointed out that in the second quarter of this year, traditional electronic cloth+FR-4 copper-clad sheets entered the channel of accelerated price increase. As a scarce cloth to board integrated target, the company is more flexible.

Tencent (00700) received a net purchase of HK$240 million. According to HSBC's research report, Tencent's “Wang Zhe Rongyao: ACE” was launched on mobile and PC platforms on September 10. The bank estimates that according to its popularity after launch, “Battle of the Golden Shovel”, “Wang Zhe Rongyao: ACE” can contribute about 3.6 billion yuan in total turnover in the first 12 months, but it believes it will take time to unleash its full potential.

Optical communication concept stocks were clearly divided. Cambridge Technology (06166) received a net purchase of HK$91.05 million, while Zhongji Xuchuang (03308) and Changfei Optical Cable (06869) were net sold at HK$16.61 million and HK$50.84 million respectively. Recently, the US AI giants have called for “deceleration”, raising concerns about AI pointing out a slowdown. Citi pointed out that the market's concerns about the slowdown in AI spending have clearly been excessive. The bank believes that the continued increase in demand for AI inference, combined with continued supply-side tension, will further expand capital investment to support the entire industrial ecosystem.

CNOOC (00883) had a net sale of HK$417 million. According to EIA data, US crude oil inventories fell by 640,000 barrels last week, the previous value decreased by 391,000 barrels, and the median estimate was a decrease of 1.5 million barrels. Furthermore, the Federal Reserve voted to raise the federal funds rate target range by 25 basis points to 3.75%-4.00%, the first rate hike since July 2023. Furthermore, Saudi Aramco is working to bypass the damaged section of its oil pipeline and plans to restore about half of its capacity within a few days.

In addition, Kingsley Biotech (01548), SMIC (00981), and Alibaba-W (09988) had net sales of HK$27.8 million, $147 million, and HK$425 million respectively.