The Zhitong Finance App learned that on November 21, the Hong Kong Stock Exchange had a net purchase of HK$4.666 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2.683 billion and the Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$1.983 billion.

The individual stocks that Beishui Net bought the most were Kuaishou-W (01024), Alibaba-W (09988), and BYD Electronics (00285). The individual stocks sold the most by Beishui Net were Sunac China (01918), Tencent (00700), and Yisou Technology (02550).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Kuaishou-W (01024) received a net purchase of HK$0.633 billion. According to the news, Kuaishou Q3's adjusted net profit was 3.948 billion yuan, up 24.4% year on year, and average daily active users increased 5.4% year over year to 0.408 billion yuan. According to the CMB International Development Report, Kuaishou's third quarter results were in line with expectations. Looking ahead to the fourth quarter, the bank expects Kuaishou's core business revenue (online marketing and other services) to maintain 16% year-on-year growth, mainly driven by strong growth in external circulation advertising revenue and e-commerce GMV.

Alibaba-W (09988) received a net purchase of HK$0.423 billion. According to the news, First Shanghai pointed out that during the quarter, Alibaba focused on improving the user experience, obtaining user growth and retention through product price and customer service, and introducing concessions and marketing tools to improve efficiency for merchants. Despite short-term uncertainty, the long term will help strengthen the company's market share and level of monetization. At the same time, Alibaba Cloud, as a leading domestic cloud vendor, will lead AI-related demand. In addition, the company paid more attention to reducing losses in loss-making businesses and continuously increasing the company's value through active repurchases. The number of tradable shares has been reduced by 4.4% this fiscal year.

BYD Electronics (00285) received a net purchase of HK$0.155 billion. According to the news, Citi released a research report saying that due to the stable Android business, the iOS parts business and automotive business outperformed the market, and the improvement in Jabil's profitability in the mobile electronics manufacturing business, it is expected to benefit from faster shipments in the fourth quarter and improved efficiency next year. The company is expected to perform well in the fourth quarter.

Xiaopeng Motor-W (09868) received a net purchase of HK$68.35 million. According to the news, Dahua Jixian published a report saying that Xiaopeng Motor's third quarter results were better than expected, but fell short of market expectations. The net loss was 1.808 billion yuan, and the quarterly loss was less than expected. BOC International released a research report stating that it believes that the product strength and cost performance positioning of the M03 and P7+ will have a positive effect on the models released next year. At the same time, since Xiaopeng has not announced a schedule for the extended-range models, the bank believes that the market has yet to drive sales growth, and there is still room for an increase in sales next year.

The fourth model (06682) received a net purchase of HK$28.14 million. According to the news, on November 19, Fourth Model announced core business progress for 2024 up to September 30. Revenue for the first three quarters of this year was RMB 3.218 billion, up 26.1% year on year; gross profit was RMB 1.35 billion, up 12.5% year on year. The company's core business, the Seer AI platform business, grew significantly, with revenue of RMB 2.171 billion, an increase of 50.2% over the previous year.

Auto Street (02443) had a net sale of HK$1.77 million. According to the news, the Hong Kong Stock Exchange recently announced the revised list of short sellable share capital securities, which will take effect on November 8; a total of 35 stocks have been included in the short sale, including Auto Street. Notably, Auto Street will welcome the lifting of the 0.55 billion share ban on November 27 (next Wednesday), accounting for 66.1% of the total share capital.

Yisou Technology (02550) had a net sale of HK$3.42 million. According to the news, the pre-listing shareholder of Yisou Technology will lift the ban on approximately 0.197 billion shares on December 9. Recently, the company has had many deposit and transfer changes. It is worth noting that the company surged more than 180% in early October, then fluctuated and adjusted. The sharp decline over the past two days has taken back all previous gains.

Sunac China (01918) had a net sale of HK$0.163 billion. According to the news, Guojin Securities said that November has entered the traditional low season, and housing companies' enthusiasm for promotion has steadily declined. The bank believes that as the impact of the policy pulse weakens, the supply of new homes falls, and the decline in marketing activities of housing enterprises, etc., there may be some restrictions on the rise in sales of new homes in November. Morgan Stanley recently said that housing tax relief measures are generally in line with market expectations and may provide minor help to real estate sales in the short term, but it is difficult to support a continued recovery.

Additionally, CNOOC (00883) received a net purchase of HK$18.87 million, while Tencent (00700) had a net sale of HK$7.68 million.