The Zhitong Finance App learned that on April 24, the Hong Kong Stock Exchange had a net purchase of HK$1,995 million, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1,597 million, and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$398 million.

The most individual stocks bought by Beishui Net were Bank of China (03988), Hong Kong Stock Exchange (00388), and China Mobile (00941). The individual stocks sold the most by Beishui Net were HSBC Holdings (00005) and CNOOC (00883).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Bank of China (03988) received another net purchase of HK$778 million. According to the news, CITIC Securities pointed out that looking ahead, based on the pace of economic recovery and macrofinancial performance, it is expected that the short-term market style will still favor dividend strategies, and banking sector positions are expected to continue to recover. CICC, on the other hand, said that although the profit growth rate of listed banks is expected to weaken, the stability of dividends and the ability to operate sustainably have provided some support for stock price performance.

The Hong Kong Stock Exchange (00388) received a net purchase of HK$735 million. According to the news, the Hong Kong Stock Exchange released results in the afternoon. Net profit for the first quarter reached 2.97 billion yuan, up 14% from the previous month and down 13% from the previous year. Citibank said that the overall profit of the Hong Kong Stock Exchange last quarter was 9% higher than market expectations, but the bank believes this may mainly be the result of external portfolio earnings. The Hong Kong Stock Exchange also said that the average daily turnover of the spot market in the first quarter of this year was HK$99.4 billion, down 22% year on year and up 9% month on month; the average daily turnover in March and April has clearly rebounded.

China Mobile (00941) received a net purchase of HK$493 million. According to the news, China Mobile announced that its operating revenue for the first quarter was 263.7 billion yuan, an increase of 5.2% over the previous year. J.P. Morgan Chase released a research report saying that the company's performance in the first quarter was mixed. Mobile and fixed network service revenue rebounded slightly, but operating expenses were high during the quarter, and EBITDA fell 2% year on year. Net profit maintained steady growth due to depreciation and amortization savings driven by changes in accounting policies, and operating cashflow/free cash flow declined due to a surge in accounts receivable. The bank maintains the “China Mobile Stock Gain” rating and believes it is the industry's first choice. I believe its stock price is defensive and dividend visibility is the best in the industry.

Kuaishou-W (01024) received a net purchase of HK$402 million. According to the news, Jefferies published a research report stating that Kuaishou's revenue in the first quarter is still expected to rise 15% year over year to 29 billion yuan, and non-IFRS (non-IFRS) profits will reach 3.1 billion yuan. During the period, gross margin is expected to increase by about 6 percentage points to about 52%. By business classification, the bank expects the Group's total commodity transaction volume (GMV) to increase by 29% during the quarter, online sales to increase 26% to RMB 16.4 billion, and other revenue to increase by about 40%. Among them, e-commerce revenue is expected to increase by 41%, driven by commission revenue.

Tencent (00700) received a net purchase of HK$322 million. According to the news, Bank of America Securities believes that Tencent has strong will, ability and execution in terms of shareholder returns. The company plans to repurchase at 100 billion yuan this year, and Tencent's repurchase amount was accelerated to 1 billion yuan per day in January of this year. If this schedule continues, the annual repurchase amount will exceed 130 billion yuan. In addition to the dividends announced last year, it is estimated that this year's shareholder return will exceed 5%. Tencent holds a huge investment portfolio of over $126 billion, and can also use its investments to give back. Furthermore, the mobile version of “Dungeons and Warriors” is scheduled to be released on May 21. Damo expects the game's total revenue to reach 10 billion yuan in the first year.

Huaneng International (00902) received a net purchase of HK$158 million. According to the news, Huaneng International announced first-quarter results, with revenue of about 65.367 billion yuan, up 0.15% year on year; net profit attributable to shareholders of listed companies was about 4.596 billion yuan, up 104.25% year on year. Bank of America Securities said that Huaneng's first quarter results far exceeded expectations, driven by better thermal power business profits and higher wind power profits. Yamato also said that the company's profit for the first quarter far exceeded expectations.

Shangtang-W (00020) received a net purchase of HK$1.63 million. According to the news, Shang Tang announced that on April 23, the company held a technical exchange day event at AIDC in Lingang, Shanghai. Among them, the company launched a 600 billion parameter model (new 5.0 per day), which greatly improved knowledge, mathematics, reasoning and coding capabilities, and comprehensively benchmarked GPT-4Turbo. At the same time, the company launched an industry-large all-in-one version and a mobile-side large model SDK version.

Ideal Automobile-W (02015) received a net purchase of HK$19.5 million. According to the news, Ideal Auto officially announced the new prices for the 2024 Ideal L7, Ideal L8, Ideal L9, and Ideal MEGA. Morgan Stanley published a report saying that the price reduction of Ideal Auto is not too surprising, and may enhance sales prospects in a timely manner. However, considering automobile profit margin guidelines and group profitability risks, price cuts may cause Li Weak's recent stock price performance.

HSBC Holdings (00005) had a net sale of HK$563 million. According to the news, HSBC announced that it will hold a committee meeting under the board of directors on the 30th of this month to review the results for the first quarter of 2024 and whether it will pay the first 2024 common stock dividend and special common stock dividend. Goldman Sachs previously published a report. On the 30th of this month, it is expected that HSBC's basic pre-tax profit for the first quarter will be 8.9 billion US dollars, down 5% from year to year. Revenue is roughly flat, but costs have risen.

Additionally, Ping An of China (02318) received a net purchase of HK$80.21 million. Meanwhile, CNOOC (00883) had a net sale of HK$15.67 million.