Group 1: Market Activity - Southbound funds net bought Hong Kong stocks worth 4.044 billion HKD on May 9, with significant purchases in Huahong Semiconductor (516 million HKD), Pop Mart (280 million HKD), Meituan-W (249 million HKD), Alibaba-W (209 million HKD), SMIC (201 million HKD), and China Mobile (175 million HKD) [1] - Continuous net buying of Meituan for 10 consecutive days, totaling 8.98639 billion HKD [4] - Continuous net selling of Tencent and Xiaomi for 4 days, amounting to 4.76434 billion HKD and 3.99379 billion HKD respectively [5] Group 2: Company-Specific Developments - Huahong Semiconductor and SMIC reported Q1 2025 results, with significant share reductions by state investment funds, raising market concerns about the semiconductor industry's capital movements [6] - Pop Mart is focusing on enhancing consumer demand through new IP consumption initiatives as highlighted in a recent article by the Minister of Commerce [6] - Meituan launched a comprehensive service guarantee plan for instant retail, indicating a strategic push into the sector [6] - Alibaba's CEO emphasized a startup mentality to leverage opportunities in the AI technology revolution, planning significant investments in core battles [7] - China Mobile's Q1 results showed a slowdown in revenue and net profit growth, but capital expenditure reductions are expected to stabilize cash flow in the coming years [7] - Morgan Stanley raised Xiaomi's target price to 62 HKD, projecting a market cap of 2.5 trillion HKD by 2030, driven by growth in electric vehicles and AIoT [7] - UBS forecasts stable growth in the fintech sector for Chinese internet platforms, with Tencent expected to benefit significantly from this trend [8]
资金动向 | 北水加仓华虹半导体超5亿港元，连续4日减持小米