智通财经网·2026-01-19 10:00Group 1: Market Overview - Northbound trading recorded a net buy of HKD 22.92 billion, with HKD 30.42 billion net buying through Shanghai Stock Connect and HKD 7.5 billion net selling through Shenzhen Stock Connect [1] - The most bought stocks by northbound investors included SMIC (00981), Hua Hong Semiconductor (01347), and Tencent (00700), while China Mobile (00941) saw the highest net sell [1] Group 2: Individual Stock Performance - Alibaba (09988) had a net inflow of HKD 26.58 billion in buying and HKD 26.24 billion in selling, totaling HKD 52.83 billion [2] - Tencent Holdings (00700) recorded a net buy of HKD 12.61 billion against HKD 9.30 billion in selling, resulting in a total of HKD 21.92 billion [2] - Xiaomi Group (01810) saw a net buy of HKD 12.92 billion with HKD 8.03 billion in selling, totaling HKD 20.95 billion [2] - SMIC (00981) had a net buy of HKD 11.81 billion and HKD 6.60 billion in selling, resulting in a total of HKD 18.41 billion [2] - China Mobile (00941) experienced a net sell of HKD 6.57 billion against HKD 9.00 billion in selling, totaling HKD 15.58 billion [2] Group 3: Analyst Insights - TSMC raised its capital expenditure guidance for 2026 to USD 52-56 billion, indicating strong long-term demand driven by AI [4] - DRAM prices are on the rise, with certain DDR4 models seeing weekly increases exceeding 12%, and Micron noted that AI demand now accounts for 50-60% of the DRAM market [4] - Nomura forecasts Tencent's revenue to grow by 12% year-on-year to RMB 193.5 billion, with non-IFRS net profit expected to rise by 15% to RMB 63.9 billion [5] - Alibaba's new app, Qianwen, integrates various services within its ecosystem, enhancing its competitive edge in AI and consumer markets [5] - Bubble Mart (09992) is projected to have multiple growth drivers, including monetization of existing IPs and new IP launches targeting overseas markets [6]