The Zhitong Finance App learned that in the Hong Kong stock market on February 22, Beishui had a net purchase of HK$4.777 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2,214 billion and a net purchase of HK$2,563 billion from Hong Kong Stock Connect (Shenzhen).

North Water Net bought the most from CNOOC (00883), Meituan-W (03690), and Ideal Automobile-W (02015). The individual stocks sold the most by Beishui Net were China Traditional Chinese Medicine (00570), SMIC (00981), and ICBC (01398).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Beishui Capital continues to grab oil stocks. CNOOC (00883) and CNPC (00857) received net purchases of HK$772 million and HK$212 million respectively. According to the news, UBS issued a report saying that the average price of Brent oil futures rose 3.3% weekly to 82.5 US dollars per barrel last week, mainly driven by geopolitical factors, including heightened tension in the Middle East and the ongoing Russian-Ukrainian conflict. With geopolitical factors boosting oil prices, it is thought that three barrels of oil will benefit. Furthermore, according to reports from brokerage China, market rumors suggest that assessment measures relating to state-owned enterprises may be released in the near future, but so far this news has not been confirmed by authoritative sources. CNPC said on an interactive platform that the company has included market capitalization performance in management's annual performance assessment to quantitatively evaluate market capitalization performance in terms of both stock price changes and market image.

Technology Network shares were increased again. Meituan-W (03690) and Tencent (00700) each received net purchases of HK$559 million. According to the news, four departments including the Central Internet Information Office issued “Key Work Points to Improve National Digital Literacy and Skills in 2024". Among them, it is mentioned that supporting the strengthening, improvement and expansion of the digital economy includes speeding up the digital transformation and upgrading of enterprises and expanding the demand space for digital consumption. BOC International released a research report saying that online spending during the 2024 Spring Festival in mainland China was strong, supporting the steady growth of the platform's performance in the first quarter. The bank maintains its views on the Internet industry and is optimistic about the education, OTA, and gaming industries.

Ideal Automobile-W (02015) received a net purchase of HK$270 million. According to the news, Huaxin Securities pointed out that Ideal L6 was launched in April this year, challenging the monthly sales target of 30,000 units; the new Ideal L7/L8/L9 is expected to be launched in March this year, mainly in terms of batteries; in addition to the Ideal L6 and Ideal MEGA, which were launched in the first half of the year, Ideal will also launch 3 pure electric models. The bank believes that the ideal pure electric model to be released in the second half of the year will be similar to the layout of existing models, and the positioning will still be biased towards the middle and high-end, or will include sedan models. The release of Ideal L6, MEGA, and pure electric models will further improve the ideal product matrix and help it achieve the annual sales target of 800,000 vehicles.

Beishui Capital increased its holdings in telecommunications stocks. China Telecom (00728) and China Mobile (00941) received net purchases of HK$148 million and HK$147 million respectively. According to the news, on February 19, the State Council's State-owned Assets Administration Commission held a special promotion conference on artificial intelligence for central enterprises on “AI Empowers Industry Renewal”. The conference emphasized that central enterprises should plan the development of artificial intelligence in overall work, further promote industrial renewal, and speed up the layout and development of the intelligent industry. According to reports, a number of central enterprises have already taken action early to start racing in the AI ecosystem, such as the three major operators.

Yankuang Energy (01171) received a net purchase of HK$143 million. According to the news, Shanxi Province recently issued the “Notice on Launching Special Remediation of the “Three Supermarkets” and Covert Work Surfaces in Coal Mines. The “Notice” makes it clear that until the end of February, coal mining enterprises will be in the self-inspection and self-reform phase. Coal mining enterprises throughout the province should strictly follow the plan and comprehensively carry out the “Three Superintendents” and special rectification of hidden work surfaces, self-inspection and self-reform. Everbright Securities said that the incident will affect the supply of coal in the Shanxi region in the short term, especially the supply of coking coal, which will benefit the price of coking coal. At the same time, the bank expects a basic balance between global coal supply and demand in 2024-2026. Under the guarantee of the long-term cooperation policy, domestic coal companies' profits are expected to remain high and stable. Characteristics such as high dividends and central enterprises are expected to catalyze the continued increase in coal stock valuations, and it is recommended that profits and dividends are guaranteed.

Domestic bank stocks were once again sold off, with China Construction Bank (00939) and ICBC (01398) having net sales of HK$1.88 million and HK$21.96 million respectively. According to the news, the central bank recently announced that the 1-year LPR will remain unchanged at 3.45%, and the 5-year LPR will be lowered from 4.20% to 3.95%. J.P. Morgan said. Although the unexpected reduction in LPR was bad for the Bank of China, it will not reverse its excellent performance since this year. Because the market is uncertain about macroeconomic growth, the dividend ratio is a key driver of BOC's performance, and the latest 5-year LPR cut should not affect the Bank of China's dividend last year, and the impact on this year's dividend is limited. Therefore, the bank reiterated the view that the Bank of China will continue to outperform the index in the first half of this year.

Chinese traditional Chinese medicine (00570) was sold at a net price of HK$752 million. According to the news, on February 21, China Traditional Chinese Medicine announced that Sinopharm Group plans to increase the privatization price of Chinese traditional Chinese medicine at a price of HK$4.6 per share at a price of 34.11% compared to the closing price of Chinese traditional Chinese medicine before the suspension of trading. The total cost of Sinopharm's proposed privatization is approximately HK$15.45 billion. According to China Traditional Chinese Medicine's latest announcement, the controlling shareholder Sinopharm Group holds 32.46% of the shares. The stock resumed trading today, closing the day up 24.2%.

Additionally, Ping An of China (02318) received a net purchase of HK$48.22 million. Meanwhile, SMIC (00981) had a net sale of HK$78.01 million.