Zhitong Financial APP learned that on June 18, there was a net inflow of 1.695 billion into the Hong Kong stock market, with a net inflow of HK $491 million from Hong Kong Stock Connect (Shanghai) and HK $1.204 billion from Hong Kong Stock Connect (Shenzhen).
Beishuijing bought the most stocks are Yao Ming Bio (02269), Geely Motor (00175) and BYD shares (01211). Beishuijing's most sold stocks are Xiaomi Group-W (01810), Tencent (00700) and China Mobile (00941).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
Beishui Capital continued to increase its stake in auto stocks. Geely Motor (00175) and BYD shares (01211) received a net purchase of HK $1.15 billion and HK $915 million respectively today, compared with a cumulative net purchase of HK $2.728 billion and HK $1.824 billion this week. On the news, according to media reports, at the China Automobile Forum held by the China Association of Automobile Manufacturers today, Fu Bingfeng, executive vice president and secretary general of the China Automobile Association, predicted that sales of new energy vehicles in China will grow at an average annual rate of more than 40% in the next five years. In addition, Citic Securities recently released a research report saying that the demand of the automobile industry in the first half of the year was limited by the shortage of chips, which began to ease marginally in mid-late May, and May will be the worst time for passenger cars to be affected by supply.
Yao Ming Bio (02269) received a net purchase of HK $1.156 billion. On the news, Macquarie released a research report reiterating the company's "outperform" rating with a target price of HK $122, saying that CEO had raised its sales and profit growth guidance for the whole year from 50 per cent to 65 per cent, higher than the bank's forecast of 57 per cent. The company is expected to remain strong in the next few years, with a compound annual growth rate of 38 to 50 per cent. Citic Construction Investment also recently released a research report saying that in view of the high growth of the industry and the increasing biological competitiveness of pharmaceuticals, the net profit of returning to the mother in 2021-23 is expected to be 25.59tick 36.26 / 5.078 billion yuan respectively.
Shunyu Optics (02382) received a net purchase of HK $475 million, with a cumulative net purchase of HK $1.775 billion in North Water this week. On the news, Morgan Stanley released a research report saying that the market share of Shunyu optical technology lens module increased by 3 percentage points in the first half of this year, and it is estimated that the momentum will continue into the second half of the year. The bank believes that lens modules will bring positive surprises for sales and profit margins. The outlook for automotive lenses will also remain positive, which will support the company's valuation better than that of its peers, with a target price of HK $208 and a rating of "overweight". Daiwa reiterated Shunyu Optical's "buy" rating, with the target price rising 7.5% to HK $242.
Li Ning (02331) received a net purchase of HK $374 million. On the news side, JPMorgan Chase issued a research report, giving Li Ning a "overweight" rating, raising the target price by 35% from HK $68 to HK $92. The bank said that even though the market fell during the epidemic, the company's net profit margin expanded steadily by 90 basis points, mainly due to management improvements in supply chain, products, channels and retail operations. Looking ahead, the bank believes that the company's growth will benefit from sales momentum and profit expansion. The bank estimates that the company's sales and profits grew at a compound annual rate of 24 per cent and 34 per cent respectively in 2021-23.
SMIC (00981) received a net purchase of HK $1.19. On the news side, as the supply of wafer foundry mature process exceeds demand, it is reported in the industry that wafer foundry quotations will be raised by up to 30% in the third quarter, far higher than the initial market expectation of 15%. SMIC said on the interactive platform that the company's production capacity is currently in short supply, accounting for nearly 45% of its revenue from customers in Europe and the United States in the first quarter of this year. In addition, Goldman Sachs recently released a research report that reiterated SMIC's "buy" rating with a target price of HK $33.3 based on strong demand at mature nodes, good price trends and growing demand from customers of local design firms.
Large-scale technology stocks continue to be sold off by Beishui. Xiaomi Group-W (01810) received a net sale of HK $824 million today, bringing its cumulative net sales this week to HK $2.039 billion. Tencent (00700) received a net sale of HK $519 million today, with a cumulative net sales of HK $3.245 billion this week.
In addition, CNOOC (00883) and Sunac China (01918) received net purchases of HK $234 million and HK $104 million respectively. China Mobile (00941) received a net sale of HK $223 million.