TENCENT(HK:00700) Zhi Tong Cai Jing·2025-08-06 10:55Summary of Key Points Core Viewpoint - The Hong Kong stock market saw significant net inflows from northbound trading, with a total net buy of 94.85 billion HKD on August 6, 2023, indicating strong investor interest in certain stocks, particularly Tencent, Alibaba, and SMIC, while Xiaomi faced notable net selling. Group 1: Northbound Trading Activity - Northbound trading recorded a net buy of 94.85 billion HKD, with 44.69 billion HKD from Shanghai Stock Connect and 50.16 billion HKD from Shenzhen Stock Connect [1] - The most bought stocks included Tencent (00700), Alibaba-W (09988), and SMIC (00981), while Xiaomi Group-W (01810) was the most sold stock [1] Group 2: Individual Stock Performance - Tencent Holdings (00700) had a net buy of 26.36 billion HKD, with total buy and sell amounts of 45.54 billion HKD and 19.18 billion HKD respectively, resulting in a net inflow of 7.18 billion HKD [2] - Alibaba-W (09988) saw a net buy of 19.21 billion HKD, with total transactions of 31.64 billion HKD, leading to a net inflow of 6.78 billion HKD [2] - SMIC (00981) experienced a net buy of 13.47 billion HKD, with total buy and sell amounts of 23.30 billion HKD and 9.83 billion HKD respectively, resulting in a net inflow of 3.64 billion HKD [2] Group 3: Market News and Developments - Tencent's net buy of 15.17 billion HKD was supported by positive news regarding its mobile game "无畏契约," which has over 50 million pre-registrations and is expected to generate annual revenue of 5 to 6 billion HKD [5] - Alibaba's net buy of 8.76 billion HKD was influenced by the launch of a new membership system that integrates various services, marking a strategic shift towards a comprehensive consumer platform [5] - SMIC is expected to report a decline in quarterly revenue for the first time in two years, with a projected decrease of 4% to 6% [6]