Zhitong Finance APP learned that in the Hong Kong stock market on January 22, Beishui had a net inflow of 9.367 billion, ending the 14 consecutive trading days of net inflows exceeding 10 billion. Among them, the net inflow of Southbound Connect (Shanghai) was approximately HK$3.

Zhitong Finance APP learned that in the Hong Kong stock market on January 22, Beishui had a net inflow of 9.367 billion, ending the 14 consecutive trading days of net inflows exceeding 10 billion. Among them, the net inflow of Southbound Connect (Shanghai) was approximately HK$3.392 billion, and the net inflow of Southbound Connect (Shenzhen) was HK$5.975 billion.

Beishuijing’s most purchased stocks are Tencent (00700), Meituan-W (03690), and Smore International (06969). The stocks that Bei Shui Net sold the most were China Mobile (00941) and SMIC (00981).

The top ten actively traded stocks in Southbound Trading (Shanghai)

The top ten actively traded stocks in Southbound Trading (Shenzhen)

Tencent (00700) received another net purchase of HK$3.734 billion. On the news, Lyon issued a research report, raising the target price of Tencent by 14.69% from 715 Hong Kong dollars to 820 Hong Kong dollars. In view of the rapid growth of the small program ecosystem with strong gaming trends, Lyon reiterated the "buy" rating and predicted that the gaming and advertising business will The price-to-earnings ratio for 2022 has increased from 20 times to 23 times. There are also many major banks that have issued research reports that are very positive. Macquarie reiterated Tencent 's "outperform" rating with a target price of HK$846; Citi said that WeChat will continue to become a world-class super platform and is optimistic about Tencent to HK$734; Morgan Stanley reiterated Tencent "Overweight" rating, target price of HK$720.

Meituan-W (03690) received a net purchase of HK$1.316 billion. On the news, Jefferies issued a research report stating that it reiterated its positive view on Meituan’s strong execution capabilities and the release of its “Food + Platform” strategic value potential. The group's reliable offline operational capabilities and technology should pave the way for it to capture long-term opportunities in online grocery stores. The target price of Meituan was raised from the original HK$360 to HK$394, and the rating was maintained as "buy". Xiaomo pointed out that Meituan users are expected to accelerate growth, and the expansion of urban coverage and gross transaction volume (GMV) of the group buying business will be the catalyst for the company's performance in the near future. The bank raised the target price of Meituan to HK$450, and the rating was raised to "Overweight".

Smore International (06969) received a net purchase of HK$713 million. On the news, Smore International announced that in fiscal year 2020, the group's profit and total comprehensive income are expected to increase by approximately 10% to 15% compared with the same period last year. The company also said that its adjusted net profit in fiscal 2020 is expected to increase by approximately 70% to 75% year-on-year. CICC released a research report, raising the adjusted earnings per share forecast of Small International for 2020-22 by 3%/5%/3% to RMB 0.66/0.93/1.23, maintaining the "outperform industry" rating, and raising the target price by 23%. to HK$93.8.

BYD shares (01211) received a net purchase of HK$487 million. On the news, Daiwa issued a research report stating that the issuance of H shares by BYD will reduce net financial expenses this year and next two years; while the IGBT business listing plan is advancing in an orderly manner, and blade battery production capacity will be expanded to 75GWH. The bank reiterated its "buy" rating and raised its target price from HK$250 to HK$290. Citi said that BYD raised HK$29.8 billion in rights issue, coupled with last year's strong operating performance and free cash flow of 6.5 billion yuan, it is believed that BYD 's net debt to equity ratio will significantly improve this year from 98% to 98%. 17%, financial costs will decrease by 25% year-on-year to 2.92 billion yuan. In addition, the bank also expects BYD 's new DMI PHEV model to drive sales this year, raising this year's sales forecast from 403,000 units to 411,000 units, and raising its earnings per share forecast for this year and next year by 7.5% and 1.6% respectively. The target price was raised from HK$339 to HK$349, and the rating was maintained as "buy".

Hong Kong Stock Exchange (00388) received a net purchase of HK$276 million. On the news, Citi said that driven by investment from Chinese public funds, the net inflow of southbound funds into Hong Kong stocks this year is expected to reach HK$3 trillion, a significant increase from last year’s net inflow of HK$0.7 trillion. The bank raised the target price of Hong Kong Stock Exchange by 15% to HK$575.

GCL-Poly Energy (03800) received a net purchase of HK$96.68 million, and the cumulative net purchase this week exceeded HK$830 million. On the news, according to data from the Silicon Industry Branch, polysilicon market prices continued to rise this week, and the increase increased month-on-month. The price range of monocrystalline composite materials is 89,000-92,000 yuan/ton, and the average transaction price is 90,900 yuan/ton, a week-on-week increase of 3.53%.In January, when almost all domestic polysilicon companies were running at full production and supply increased significantly, companies started signing orders for next month at least one week earlier than usual. This shows that the actual demand stimulated by the expansion of silicon wafer production and the downstream demand for holiday stocking Preliminary demand has significantly supported the growth of domestic silicon demand.

In addition, CNOOC (00883) and China Resources Beer (00291) received net purchases of HK$114 million and HK$18.11 million respectively. Semiconductor Manufacturing International Corporation (00981) and China Mobile (00941) were net sold for HK$84.83 million and HK$211 million respectively.