The Zhitong Finance App learned that in the Hong Kong stock market on October 30, Beishui traded net sales of HK$3,560 billion. Among them, Hong Kong Stock Connect (Shanghai) had net sales of HK$2,261 billion and Hong Kong Stock Connect (Shenzhen) had net sales of HK$1,298 billion.
The individual stocks that Beishui Net bought the most were Kingsley Biotechnology (01548), Jiantao Laminate (01888), and Zhiguo (02513). The individual stocks sold the most by Beishui Net were SMIC (00981), Alibaba-W (09988), and Changfei Optical Cable (06869).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Kingsley Biotech (01548) received a net purchase of HK$132 million. Recently, Kingsley and Thermo Fly signed a memorandum of strategic cooperation. The two sides will combine Siri's R&D capabilities in the fields of gene synthesis, antibody discovery, protein engineering and synthetic biology, as well as Thermo Fly's products and technologies in laboratory solutions, life science reagents, gene and protein analysis, and mass spectrometry to jointly promote the construction of the AIDD platform.
Jiantao Laminate (01888) received a net purchase of HK$97.33 million. China Merchants Securities previously stated in a research report that this round of CCL price increases has been in operation for 4-5 quarters, and PCB smooth prices have been fully cleared. Based on industry chain research, the agency predicts that CCL's monthly price increase pace is conservatively expected to continue until June 2027, then move sideways at a high level, and optimistic expectations will continue until the end of 2027.
Smart Spectrum (02513) received a net purchase of HK$12.29 million. According to the Lyon research report, Anthropic's S-1 document verifies the cutting-edge model economy, showing that the customer base is diversified, gross margin is 85%, free cash flow is positive, and revenue growth is faster than the cost of computing power; the main risk is still whether the revenue growth curve can match huge computing power promises. The bank indicates that for China's big model, limited computing power enhances the value of architectural and reasoning innovation, while Anthropic's listing may establish a valuation anchor.
Zhongji Xuchuang (03308) and Changfei Optical Fiber Cable (06869) were net sold at HK$34.79 million and HK$250 million respectively. Zhongji Xuchuang and Xinyisheng simultaneously held online investor meetings and each received intensive research from hundreds of institutions. The research topics of the two companies are highly overlapping. The institutions generally focused on three-quarter profit performance, NPO product progress, overseas factory delivery, upstream chip supply, gross margin fluctuations, inventory size, overseas trade supervision, and short-term disruptions in overseas production capacity delivery due to the Thai floods.
Tencent (00700) and Alibaba-W (09988) had net sales of HK$206 million and HK$649 million respectively. CICC Liu Gang pointed out that recently, Hong Kong stocks, especially Hang Seng Technology, have quickly pulled back, and Hengke has basically returned to the starting point of the “9.24” market in 2024 two years ago. Weak credit cycles for residents and insufficient financial support for residents are the root causes of continued pressure on Hong Kong stocks; recent fluctuations in overseas interest rates, AI transactions, and feedback on capital conditions have further amplified adjustments.
In addition, ICBC (01398) received a net purchase of HK$5.03 million, while CNOOC (00883) and SMIC (00981) had net sales of HK$114 million and HK$998 million respectively.