Northbound funds | Northbound trading had a net selling of 1.024 billion yuan, with Northbound investors continuing to increase their holdings in Alibaba (09988) and selling over 3 billion yuan worth of the Tracker Fund of Hong Kong (02800).

On February 13th, in the Hong Kong stock market, the net selling of BeiShui amounted to 1.024 billion Hong Kong dollars. Among them, the Hong Kong Stock Connect (Shanghai) had a net buying of 2.335 billion Hong Kong dollars, while the Hong Kong Stock Connect (Shenzhen) had a net selling of 3.359 billion Hong Kong dollars. The top stocks with the most net buying by BeiShui were BABA-W (09988), Semiconductor Manufacturing International Corporation (00981), and China Mobile Limited (00941). The top stocks with the most net selling by BeiShui were TRACKER FUND OF HONG KONG (02800), Tencent (00700), and CNOOC (00883). Active trading stocks in the Hong Kong Stock Connect (Shanghai): Active trading stocks in the Hong Kong Stock Connect (Shenzhen): BABA-W (09988) had a net buying of 1.728 billion Hong Kong dollars. On the news front, Alibaba co-founder and chairman, Tsai Chongxin, confirmed cooperation between Alibaba and Apple. CMSC pointed out that this cooperation validates the strong competitive position and leading position of Alibaba's AI large model in China and globally. As the largest cloud provider with leading AI large model capabilities in China, Alibaba Cloud has a very broad development space and is expected to provide in-depth empowerment and synergy for the group's e-commerce and other businesses. We believe that Alibaba's valuation paradigm should shift from value to growth, with significant room for improvement in valuation compared to overseas leading cloud providers. Semiconductor Manufacturing International Corporation (00981) had a net buying of 903 million Hong Kong dollars. On the news front, Lyon stated that Semiconductor Manufacturing International Corporation's revenue for the fourth quarter of last year fell within its guidance range, with a better gross margin than expected. BOCOM INTL, on the other hand, noted that it is optimistic about the trend of domestic semiconductor manufacturing substitution and the company's continued leading position in industry competition but believes that investors should consider the impact of high capital expenditure on gross margin; uncertainties in downstream demand; and changes in product unit prices in the face of intensified competition in mature processes. China Mobile Limited (00941) had a net buying of 531 million Hong Kong dollars. On the news front, operators have fully integrated DeepSeek. Zheshang pointed out that telecom operators rank among the top three in the domestic IDC market share, with the potential for an increase in shelf rate; operators are the main force in domestic AI computing, with the profit of intelligent computing expected to significantly improve; the outbreak of AI and the drive for general cloud computing are expected to enter a growth cycle; IDC and cloud computing businesses bring value revaluation to telecom operators. In addition, stable growth, high dividends, and higher investment value in a low-interest-rate environment. ALI HEALTH (00241) had a net buying of 242 million Hong Kong dollars. On the news front, Sinolink pointed out that AI empowers online consultations and health management, optimizing both efficiency and quality of online medical care. By continuously optimizing through training from doctors and massive consultation data, AI can provide more accurate and efficient primary diagnosis and consultations, helping doctors reduce routine and heavy burdens, improve medical efficiency. AI's participation in the audit assistance could greatly enhance the systematic, accuracy, and efficiency of remote prescription management, reducing the inefficiency and misjudgments that come with manually reviewing prescriptions remotely. XPENG-W (09868) had a net selling of 341 million Hong Kong dollars. On the news front, BYD Company Limited recently announced its smart strategy, bringing intelligent driving down to below 100,000 yuan. In addition, several car brands such as Tesla, XPeng Motors, and ZhiJi have released a series of heavy-duty car purchase incentives, covering insurance subsidies, zero-interest financial plans, and other diverse strategies. CITIC SEC stated that the financial policies of car companies might further intensify the price war in the new energy vehicle market. BYD ELECTRONIC (00285) had the largest cumulative increase of over 40% in the month, with some BeiShui funds selling at highs, net selling 408 million Hong Kong dollars throughout the day. On the news front, CMSC pointed out that BYD Company Limited's equal rights strategy for intelligent driving was well above expectations, optimistic about the new wave of intelligent automotive industry led by it. As a core supplier in the "automotive intelligent strategy" of the parent company, BYD ELECTRONIC has visible growth elasticity in the medium to long term in its automotive electronics business. CNOOC (00883) had a net selling of 498 million Hong Kong dollars. On the news front, Morgan Stanley released a report stating that for CNOOC, Morgan Stanley lowered its forecast for oil sales revenue to reflect the weak oil prices in the fourth quarter of last year and adjust its oil price forecasts for the 2025/26 fiscal years. In addition, the bank lowered its profit forecast for CNOOC for the fiscal year 2024 by 4% and for 2025 by 1%, while lowering its H-share target price from 21.8 Hong Kong dollars to 20.7 Hong Kong dollars, giving it a "buy" rating. Nevertheless, the bank believes that CNOOC still has good earnings potential. TRACKER FUND OF HONG KONG (02800) had a net selling of 3.103 billion Hong Kong dollars. On the news front, CICC pointed out that there are signs of overextension in the market in the short term, with some technical indicators approaching overbought levels, but there are still internal differences among investors. If the risk premium falls to 6.7% at the high point in May of last year, it corresponds to the Hang Seng Index of about 21,600 points; if the risk premium further decreases to 6% at the beginning of October last year, it corresponds to around 23,000 points for the Hang Seng Index, but the difficulty is greater. The bank believes that tariff progress and policy expectations are mutually reinforcing, and the AI technology trend is even more critical. Furthermore, KUAISHOU-W (01024) and SUNAC (01918) received a net buying of 243 million and 94.69 million Hong Kong dollars respectively. While Tencent (00700) and ZTE Corporation (00763) faced net selling of 1.766 billion and 298 million Hong Kong dollars respectively.Je suis dsol, je ne comprends pas votre demande.Tu es mon soleil.