Northbound Trend| Northbound Net Buy 122.07 Billion, Domestic Institutions Continue to Accumulate Hong Kong Stocks ETF Seeks to Capture Rich Fund (02800) Over 37.4 Billion HKD
Zhitong Caixin APP obtained the information that on August 1st, the Hong Kong stock market saw a net buy of 122.07 billion HKD, with Hong Kong Stock Connect (Shanghai) seeing a net buy of 55.75 billion HKD and Hong Kong Stock Connect (Shenzhen) seeing a net buy of 66.32 billion HKD.
The most heavily bought stocks by northbound funds were Rich Fund (02800), HSBC China Enterprises (02828), and Xiaomi Group-W (01810). The most heavily sold stocks were Sinovac Biotech (01801), Alibaba Group-W (09988), and Semiconductor Manufacturing International (00981).
Hong Kong Stock Connect (Shanghai) Active Trading Stocks
Hong Kong Stock Connect (Shenzhen) Active Trading Stocks
Northbound funds continue to accumulate Hong Kong stocks ETF, with Rich Fund (02800), HSBC China Enterprises (02828), and South China Enterprise (03033) seeing net buys of 37.44 billion, 17.19 billion, and 8.55 billion HKD respectively.
The market outlook is that the overall trend of Hong Kong stocks is still relatively healthy, with core drivers gradually improving and policy expectations looking positive. However, from a technical perspective, short-term market sentiment has accumulated.
Smile Group-W (01810) saw a net buy of 8.55 billion HKD. On August 1st, Smile Group's chairman Lei Jun announced on Weibo that over 30,000 units were delivered in July. The increase in delivery volume is due to the improvement in production capacity.
Kooway Securities Research Report stated that Smile Automobile's Beijing factory phase II will be put into operation soon, and new production capacity is being planned. It is expected that Smile Automobile's sales will reach 400,000-500,000 units by 2025 (depending on the situation of capacity ramp-up) and exceed 800,000 units in 2026.
The tech sector showed signs of differentiation, with Tencent (00700), Meituan-W (03690), and Kuaishou-W (01024) seeing net buys of 8.36 billion, 7.66 billion, and 2.02 billion HKD respectively, while Alibaba Group-W (09988) saw a net sell of 2.02 billion HKD.
Goldman Sachs believes that Hong Kong stocks overall have relatively strong profitability, and internet, new consumer, and innovative pharmaceuticals are relatively scarce. Combining the current valuation and long-term investment value remains high. Haitong Securities Research Report stated that the outlook for Hong Kong stock market opportunities is still positive, with HSBC China Enterprises having more room for repair.
InnoStar (02577) saw a net buy of 3.63 billion HKD. According to NVIDIA's official website, it updated the list of partners for the 800V direct current power supply architecture cooperation. InnoStar is the only Chinese chip company selected as an NVIDIA partner this time.
InnoStar announced that the company has reached a cooperation agreement with NVIDIA and will jointly promote the 800 VDC (800-volt direct current) power supply architecture for large-scale deployment in AI data centers. This architecture is designed by NVIDIA for future high-efficiency power supplies for mega-data centers, with significant advantages over traditional 54V power supplies in terms of system efficiency, heat dissipation, and reliability, supporting AI algorithms that can be boosted up to 100-1000 times.
Citic Securities International (01788) saw a net sell of 489.9 million HKD. According to the Hong Kong Financial Authority, the "Stablecoin Licensing Ordinance" came into effect on August 1st. The Hong Kong Monetary Authority revealed the stablecoin license monitoring system on July 29th, with applications expected to be relatively small and difficult.
Meanwhile, Stone Chemical Group (01093) and Giant Star (06683) saw net buys of 2.52 billion and 655 million HKD respectively. Sinovac Biotech (01801) and Semiconductor Manufacturing International (00981) saw net sells of 4.02 billion and 1.77 billion HKD respectively.