North Water Trends | Beishui Trading sold a net sale of 3,568 billion, Beishui Jiacang AIA (01299) exceeded HK$700 million and continued to sell AI hardware stocks

The Zhitong Finance App learned that in the Hong Kong stock market on October 16, Beishui traded net sales of HK$3,568 billion. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$2,066 billion and Hong Kong Stock Connect (Shenzhen) had net sales of HK$1,503 billion.

The individual stocks that Beishui Net bought the most were AIA (01299), Tencent (00700), and China Hongqiao (01378). The individual stocks sold the most by Beishui Net were Jiantao Laminated Board (01888), Alibaba-W (09988), and CNOOC (00883).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

AIA (01299) received a net purchase of HK$763 million. Citi recently stated that AIA's overall new business value is expected to shrink slightly by 2.6% year over year in the third quarter according to the fixed exchange rate benchmark, and is expected to drop 2% year over year according to the real exchange rate basis. The base effect is expected to normalize and resume steady growth in the fourth quarter. The medium-term outlook remains positive, benefiting from operational resilience, sustainable growth, and gradual improvement in operating profit and dividends after tax per share.

Tencent (00700) received a net purchase of HK$388 million. On October 14, the company WeChat and WorkBuddy, two of Tencent's leading office products with the largest number of users, jointly released a new version to achieve a deep two-way partnership. After this upgrade, WorkBuddy officially entered the enterprise WeChat address book and can call the enterprise and micro work context. The two share a corporate WeChat account system. This update combines Tencent's long-standing connectivity capabilities with the understanding and execution capabilities of intelligent entities to dive deep into actual enterprise scenarios.

China Hongqiao (01378) received a net purchase of HK$66.46 million. In recent years, Guinea has become an important source of imported bauxite from China. Citi pointed out that most of the increase in Guinea's bauxite production and export volume comes from the SMG/WAP project led by China's Hongqiao, the world's largest aluminum producer. The actual “upstream integration” of Chinese smelting enterprises has reduced demand for traded bauxite, thus structurally reducing bauxite prices, which is beneficial to profit margins.

Changfei Optical Fiber Cable (06869), SMIC (00981), and Jiantao Laminate (01888) were net sold at HK$28.39 million, 55.86 million, and HK$305 million respectively. Anthropic revealed the latest financial data at the IPO investor conference. Although revenue continued to grow rapidly, the growth rate in the third quarter was slower than in the second quarter, and some potential investors believe that their IPO valuation expectations may be lowered. Meanwhile, the CEOs of Broadcom and Intel both warned this Monday that the financing issue could become a major obstacle to AI expansion.

In addition, Alibaba-W (09988) and CNOOC (00883) were net sold at HK$250 million and HK$209 million respectively.