On July 21st, the Hong Kong stock market saw net purchases from northbound capital totaling HK$7.167 billion.
Specifically, the Shanghai-Hong Kong Stock Connect recorded net purchases of HK$1.309 billion, while the Shenzhen-Hong Kong Stock Connect recorded net purchases of HK$5.859 billion.
The stocks that received the most significant net buying from northbound capital were Hua Hong Grace (01347), SMIC (00981), and Knowledge Atlas (02513).
Conversely, the stocks that saw the largest net selling were Tencent (00700) and Montage Tech (06809).
Key Purchases in Focus
Hua Hong Grace (01347) and SMIC (00981) attracted net inflows of HK$2.25 billion and HK$1.926 billion, respectively.
Reports indicate that multiple sources suggest Taiwan Semiconductor Manufacturing Company (TSMC) plans to raise prices for its advanced and mature chip production services by up to 10% in 2027, reflecting increased costs for materials, manufacturing equipment, and new overseas fabrication plants.
TSMC has reportedly begun discussions with key clients regarding new pricing for 2027 capacity bookings.
Knowledge Atlas (02513) received net purchases of HK$1.141 billion.
According to reports, Knowledge Atlas AI has completed the construction of a 1GW-level domestic AI computing power data center, fully utilizing domestic AI chips.
On the same day, the company formally completed the acquisition of XCore Sigma, a domestic AI heterogeneous computing software company considered one of the top domestic AI infrastructure teams.
Analysts believe these two moves have respectively equipped Knowledge Atlas with the two critical capabilities of computing power supply and computing power utilization.
YOFC (06869) saw net buying of HK$1.044 billion.
Zhuang Dan, Executive Director and President of Yangtze Optical Fibre and Cable, stated that the polarization-maintaining fiber market is currently very hot, with demand expected to grow tenfold or twentyfold in the next year or two.
The company is expanding production of polarization-maintaining fiber in collaboration with industry chain partners.
Data shows that for the first half of this year, YOFC expects to achieve net profit attributable to shareholders of approximately RMB 2.4 billion to RMB 3.0 billion, representing year-on-year growth of 711% to 914%.
KB Laminates (01888) and Kingboard Hldg (00148) attracted net purchases of HK$929 million and HK$427 million, respectively.
On July 16th, Kingboard Group initiated a new electronic fabric and high-performance electronic materials project in Nansha, Guangzhou, focusing on the R&D and production of core raw materials for high-end AI copper-clad laminates (CCL), aiming to build a global high-end electronic information raw material supply base.
Upon full production, the project is expected to generate an additional annual output value of RMB 2 billion.
Gigadevice (03986) received net buying of HK$416 million.
Gigadevice expects to achieve operating revenue of approximately RMB 11.5 billion for the first half of the year, a year-on-year increase of about 177%; net profit is expected to be around RMB 6.9 billion, up approximately 1099% year-on-year.
Calculations suggest the company's net profit for the second quarter alone was about RMB 5.439 billion, representing a sequential increase of approximately 272%.
It is worth noting that eight asset management plans under China Life Insurance collectively sold approximately 1.1092 million shares of Gigadevice on July 8th, cashing out over RMB 682 million, with all transactions confirmed on the same day.
Xiaomi-W (01810) saw net purchases of HK$126 million.
Reports earlier in the day suggested that Xiaomi had raised its annual smartphone shipment target from about 90 million units to 110 million units, an increase of roughly 16%, primarily due to the company's internal belief that the current memory market may see a reversal.
After the market close, further reports cited Guo Tianxiang, a research manager at IDC China, stating that 90-95 million units was Xiaomi's production plan for this year, while the annual shipment target has never been below 100 million units, with the latest target being 100-110 million units.
In addition, Alibaba-W (09988) attracted net buying of HK$14.31 million, while Montage Tech (06809) and Tencent (00700) saw net selling of HK$57.58 million and HK$1.025 billion, respectively.
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