The Zhitong Finance App learned that on April 15, the Hong Kong Stock Exchange had a net purchase of HK$7.54 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,745 billion, and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$3.309 billion.

The individual stocks that Beishui Net bought the most were China Mobile (00941), Tencent (00700), and Bank of China (03988). The most sold individual stock by Beishui Net was the Hong Kong Stock Exchange (00388).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

China Mobile (00941) received a net purchase of HK$579 million. According to the news, Morgan Stanley recently published a report. In the context of state-owned enterprise reform, increasing shareholder returns is a long-term trend. The three major telecom companies will maintain healthy growth this year. Telecom companies, on the other hand, are on track to achieve their goal of saving capital expenses. Their new technology is also getting a lot of attention. The bank maintained the “gain” ratings of the three major telecommunications carriers.

Tencent (00700) received a net purchase of HK$526 million. According to the news, Morgan Stanley predicts that Tencent's revenue for the first quarter will increase by 5% year on year, while the market is expected to grow by 6%; gross profit and net profit growth are expected to be steady, with an increase of 18% and 25%, respectively. Furthermore, since Tencent announced that it would repurchase at least 13 billion US dollars of shares in 2024, double the size of 2023, Tencent has repurchased more than 51 million shares in the first quarter. The bank estimates that the bank covered about 41 million shares sold by Prosus in the first quarter.

Domestic bank stocks are highly sought after. Bank of China (03988) and Industrial and Commercial Bank (01398) received net purchases of HK$501 million and HK$127 million respectively. According to the news, the Central Huijin Company has once again taken steps to increase its wealth. Through the Shanghai Stock Exchange trading system, Huijin increased its holdings of Bank of China A shares by a total of 330 million shares, accounting for 0.11% of the bank's total share capital; Huijin increased its holdings of ICBC A shares by 286 million through the Shanghai Stock Exchange system, accounting for 0.08% of the total share capital. Industry insiders said that as the majority shareholder, it is more strategic for Huijin to increase bank capital and enhance operating capacity; Huijin's increase in holdings helps large banks stabilize stock prices and better achieve a controlling position over state-owned banks. Through such measures, it also sends a signal of stability and boosting market confidence, which is conducive to promoting the healthy development of the capital market.

Zhaojin Mining (01818) received a net purchase of HK$430 million. According to the news, Zhaojin Mining announced its results for the first quarter of 2024, with operating income of about 1,981 billion yuan, an increase of 13.94% over the previous year; net profit attributable to the parent company's owners' equity was about 221 million yuan, an increase of 124.3% over the previous year. Notably, Zhaojin Mining announced that it will place up to 132 million new H shares; the net proceeds from the placement are expected to be approximately $1,725 million, which will be used to supplement working capital and repay bank loans.

Beishui Capital continued to increase its petroleum stock holdings. CNPC (00857) and CNOOC (00883) received net purchases of HK$273 million and HK$266 million respectively. According to the news, Boseong Futures pointed out that in the second quarter of this year, the increase in crude oil premiums brought about by the continued spread of geo-derived risks was still the main logic driving the upward trend in oil prices. Meanwhile, the crude oil supply side continues to maintain a tight pattern. Furthermore, demand for crude oil picked up in the second quarter, and the spring inspection of refineries was completed and restarted one after another. Increased consumption capacity will boost the pace of crude oil inventory removal. The gap between global crude oil supply and demand is expected to widen in the second quarter.

China Hongqiao (01378) received a net purchase of HK$21.22 million. According to the news, J.P. Morgan Chase said that the prospects for benefiting products are positively driving further revaluation. It initially gave China Aluminum H shares and China Hongqiao “increased” ratings. The target prices were HK$6.3 and HK$13.2, respectively, and indicated that Hongqiao was preferred because of cheap valuations and potential A-shares affiliated with it. The report said that this year's views on aluminum were positive, including aluminum stocks and aluminum prices. The bank expects that tight supply and demand will support higher aluminum prices; electricity costs will drop as coal prices fall and more hydroelectric power is used; and rising dividend ratios will also support stock prices.

The Hong Kong Stock Exchange (00388) had a net sale of HK$13.81 million. According to the news, Bank of America Securities released a research report saying that the Hong Kong Stock Exchange will announce its results for the first quarter of this year. It is expected that its net profit will drop 22% year on year to 2.7 billion yuan, compared to 3.4 billion yuan in the first quarter of 2023, the second-highest quarterly net profit in history. It also saw an improvement in March trading volume. This may drive the Hong Kong Stock Exchange's transaction fees for the second quarter of 2024. Due to the expected return on investment, the 2024-2026 profit forecast was lowered by 4%-7%. It is expected that no major reforms will be carried out this year due to changes in the management of the Hong Kong Stock Exchange, but there will still be measures to support the market.

In addition, Xiaomi Group-W (01810) and Meituan-W (03690) received net purchases of HK$211 million and HK$185 million respectively.