Zhi Tong Cai Jing·2025-11-27 13:05Group 1: Market Overview - On November 27, the Hong Kong stock market saw a net inflow of 1.328 billion HKD from northbound trading, with 635 million HKD from the Shanghai Stock Connect and 693 million HKD from the Shenzhen Stock Connect [2] - The most net bought stocks included Alibaba-W (09988), Pop Mart (09992), and Meituan-W (03690), while the most net sold stocks were Zijin Mining (601899) (02899), Tencent (00700), and SMIC (00981) [2] Group 2: Stock Performance - Alibaba-W had a net inflow of 6.02 billion HKD, with a buy amount of 39.59 billion HKD and a sell amount of 33.57 billion HKD [3] - Pop Mart received a net inflow of 4.34 billion HKD, supported by positive sales data in the U.S. and expectations for strong performance during the holiday season [6] - Meituan-W had a net inflow of 3.25 billion HKD, with insights from Alibaba's CFO indicating a potential reduction in investment in flash purchase business due to improved efficiency [6] Group 3: Sector Insights - Longi Green Energy (601869) and Long Fiber (06869) saw a net inflow of 42.81 million HKD, driven by advancements in AI-driven growth and the development of next-generation optical fiber technology [7] - Semiconductor stocks, including Huahong Semiconductor (01347) and SMIC (00981), faced net sell-offs, with net outflows of 138.5 million HKD and 2.32 billion HKD respectively [7] - The IPO of domestic GPU leader Moore Threads has attracted attention, marking a significant event in the semiconductor sector [7]