Beishui Trends | Beishui's net purchase was 2,603 billion, and the order was over 70,000 units, and Beishui added a warehouse of nearly HK$1 billion for Xiaomi (01810)
The Zhitong Finance App learned that in the Hong Kong stock market on October 12, Beishui traded a net purchase of HK$2,603 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1,955 million, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$649 million.
The individual stocks that Beishuijing bought the most were Xiaomi-W (01810), AIA (01299), and Pharmaceutical Biotech (02269). The individual stocks sold the most by Beishui Net were Changfei Optical Fiber Cable (06869), SMIC (00981), and Jiantao Laminate (01888).
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$974 million. On October 8, according to Xiaomi Auto's official statement, as of October 7, the cumulative number of lock orders for the Xiaomi Pengcheng N70 and N90 series exceeded 70,000 units. Dahua Jixian pointed out that demand is concentrated on higher-end models such as the N70 Max/N90 Max, and the product portfolio is superior to the bank's previous expectations. The bank maintained a “hold” rating and the target price was raised from HK$26.2 to HK$27.6.
AIA (01299) received a net purchase of HK$729 million. UBS expects AIA's new business value to drop 4% year-on-year in the third quarter based on a fixed exchange rate, but as the base effect subsides, the value of the Group's new business will rebound strongly year-on-year in the fourth quarter. Overall, the value of new business is expected to increase by 10% year-on-year in 2026 at a fixed exchange rate.
Tencent (00700) received a net purchase of HK$1972 million. According to foreign media quoting people familiar with the matter, Tencent told fixed income investors on Monday that the company plans to issue bonds with a scale of about 5 billion US dollars to use in AI-related capital expenses to further increase the AI field. According to people familiar with the matter, Tencent said in a conference call with investors that the bond issue may be priced as early as Tuesday.
Jiantao Group (00148) and Jiantao Laminate (01888) were net sold at HK$241 million and HK$348 million respectively. Recently, the American Printed Circuit Board Association (PCBAA) officially pressured the US government and the Department of Defense to clearly put forward the core demand that the military supply chain completely eliminate Chinese PCB products. The US has set January 1, 2027 as the final deadline for the military supply chain to completely eliminate PCB products from related countries. Dongwu Securities pointed out that the current US PCBAA claim only targets the military PCB field and does not involve commercial PCBs.
SMIC (00981) had a net sale of HK$434 million. On October 8, the latest revenue report released by TSMC showed that TSMC's revenue for September was NT$511.86 billion, down 0.6% from the previous month and up 54.6% from the previous year. TSMC's revenue for the first three quarters of 2026 was NT$38,98.73 billion, up 41.1% year over year.
Changfei Optical Cable (06869) had a net sale of HK$569 million. UBS previously released a research report saying that since the stock price peaked in June, Changfei Optical Fiber Cable's stock price has fallen 37%. The reason is that investors are worried that the expansion of optical fiber production capacity announced by peers and the new company may lead to the company's profit peaking in 2027. However, UBS believes that the risk of overcapacity is limited. The target price was raised from HK$290 to HK$330, reaffirming the “buy” rating.
In addition, Yao Ming Biotech (02269) and Cambridge Technology (06166) received net purchases of HK$79.5 million and HK$11.43 million respectively. Meanwhile, Alibaba-W (09988) and CNOOC (00883) had net sales of HK$110 million and HK$12.21 million respectively.