The Zhitong Finance App learned that on August 9, the Hong Kong Stock Exchange had a net purchase of HK$2.278 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1.329 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$0.949 billion.

The individual stocks that Beishui Net bought the most were Tencent (00700), Yingfu Fund (02800), and Meituan-W (03690). The individual stocks sold the most by Beishui Net were China Mobile (00941), China Telecom (00728), and HSBC Holdings (00005).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Tencent (00700) received a net purchase of HK$1.102 billion. According to the news, Tencent will announce its second-quarter results on August 14. Morgan Stanley published a research report saying that strong game revenue is expected to be enough to offset the possible economic impact of the advertising and payment business. BOC International pointed out that based on the strong performance of new games, game revenue was raised by 2% in 2024. Mobile game revenue is expected to increase 11% year over year. Mobile games are affected by the high base of “dNF” or fall 4% year on year, and maintain the 16% growth rate of advertising throughout the year.

Yingfu Fund (02800) received a net purchase of HK$0.321 billion. According to the news, Societe Generale Securities pointed out that Hong Kong stocks are expected to launch the second phase of the market in August. The core driving force is an increase in profit forecasts+continuous repurchases by leading companies. Hong Kong stocks ushered in the mid-reporting season in August. The overall performance of the Hang Seng Index is difficult to fall short of the current pessimistic consensus expectations. With the transformation of old and new momentum and the improvement of the competitive landscape, the performance guidelines for core assets are expected to exceed expectations.

Meituan-W (03690) received a net purchase of HK$0.102 billion. According to the news, Citi published a report stating that the “Opinions on Promoting High-Quality Development of Service Consumption” issued by the State Council is of positive significance to the Internet and media industry. The bank expects service consumption, including entertainment consumption, travel and local services such as music, movies, online games and e-sports, to remain resilient in a weak macro environment. Optimistic about accommodation and dining, as well as travel beneficiaries Meituan.

Kuaishou-W (01024) received a net purchase of HK$91.5 million. According to the news, on August 8, Kuaishou spent HK$49.9948 million to buy back 1.1388 million shares. It is worth noting that on July 9, Kuaishou announced the HK$6 billion automatic repurchase plan. The plan will take effect on August 8 this year and be completed until May 30 next year. According to reports, the HK$6 billion automatic repurchase plan is part of the $16 billion three-year repurchase plan.

SMIC (00981) and Huahong Semiconductor (01347) received net purchases of HK$65.49 million and HK$36.84 million respectively. According to the news, SMIC announced that second-quarter revenue was 1.901 billion US dollars, up 21.8% year over year, exceeding expectations; net profit was 0.165 billion US dollars, far exceeding market expectations. Huahong Semiconductor's performance shows that in the second quarter of 2024, the company's sales revenue reached 0.4785 billion US dollars, in line with the guidelines; gross margin was 10.5%, superior to the guideline, and both achieved month-on-month growth. Shanghai Securities pointed out that with AI-driven related industries and the increase in the localization rate of local semiconductors, the global and Chinese foundry industry's capacity utilization rate is gradually picking up, foundry prices are expected to continue to pick up, and the performance of major foundries is also expected to pick up.

Beishui Capital sold telecom stocks, and China Mobile (00941), China Telecom (00728), and China Unicom (00762) were net sold at HK$0.497 billion, 0.124 billion, and 65.9 million respectively. According to the news, Lyon released a research report saying that China Telecom has benefited from potential favorable factors of dividend tax relief, and its stock price has been rising strongly since this year. However, the bank believes that since the government and enterprises cut IT expenses in the face of a weak economy, the performance of Chinese telecom stocks in the first half of this year will be weak, and total service revenue growth will slow by 3% to 4%. The bank also expects mobile's industrial Internet revenue growth to slow to about 10% in the first half of the year, while the related revenue growth of China Telecom and China Unicom will slow down to the number of units.

Additionally, Xiaomi Group-W (01810) and CNOOC (00883) received net purchases of HK$63.91 million and HK$26.76 million respectively. Meanwhile, HSBC Holdings (00005) had a net sale of HK$96.6 million.