Zhi Tong Cai Jing·2025-10-24 13:31Summary of Key Points Core Viewpoint - The Hong Kong stock market saw significant net inflows from northbound trading, with a total net buy of 34.14 billion HKD on October 24, 2023, indicating strong investor interest in certain stocks, particularly in the technology and energy sectors [1]. Group 1: Stock Performance - Meituan-W (03690) received the highest net buy of 10.29 billion HKD, reflecting positive market sentiment towards its strategic moves [5]. - Semiconductor stocks, particularly SMIC (00981), saw substantial net buying, with 32.53 billion HKD in purchases against 29.52 billion HKD in sales, indicating a net inflow of 3.01 billion HKD [2]. - CNOOC (00883) attracted a net buy of 5.7 billion HKD, supported by geopolitical factors affecting oil supply [6]. Group 2: Market Trends - The semiconductor sector is experiencing renewed interest, with analysts predicting growth driven by domestic demand for AI chips and supportive policies for local GPU development [5]. - Alibaba-W (09988) is expected to increase its capital expenditure significantly, with projections reaching 460 billion HKD, driven by rising AI demand [6]. - The energy sector remains robust, with analysts maintaining a positive outlook on major oil companies amid ongoing geopolitical uncertainties [6]. Group 3: Notable Incidents - Li Auto-W (02015) faced a net sell of 1.13 billion HKD following a fire incident involving one of its vehicles, which may impact investor confidence [7]. - Tencent (00700) and Xiaomi Group-W (01810) also saw net buys of 3.75 billion HKD and 2.98 billion HKD, respectively, indicating continued investor interest in these tech giants [7].