Goldman Sachs released a research report in early December compiling the latest list of stocks to buy (Hong Kong stocks only) based on the earnings revision leading indicator (ERLI):

Stock
AIA (01299.HK)  -1.750 (-2.143%)    Short selling $175.01M; Ratio 18.140%  
XIAOMI-W (01810.HK)  -0.060 (-0.152%)    Short selling $436.99M; Ratio 20.635%  
HKEX (00388.HK)  -1.000 (-0.245%)    Short selling $101.75M; Ratio 16.022%  
PING AN (02318.HK)  -0.800 (-1.213%)    Short selling $316.64M; Ratio 24.551%  
ZIJIN MINING (02899.HK)  +0.300 (+0.848%)    Short selling $353.33M; Ratio 15.065%  
TECHTRONIC IND (00669.HK)  -2.000 (-2.176%)    Short selling $33.09M; Ratio 20.590%  
PICC P&C (02328.HK)  -0.080 (-0.487%)    Short selling $29.59M; Ratio 22.040%  
CPIC (02601.HK)  -0.580 (-1.621%)    Short selling $20.36M; Ratio 8.461%  
LENOVO GROUP (00992.HK)  -0.050 (-0.537%)    Short selling $53.63M; Ratio 22.876%  
ZTO EXPRESS-W (02057.HK)  -3.200 (-1.934%)    Short selling $41.78M; Ratio 44.369%  
CMOC (03993.HK)  +0.010 (+0.052%)    Short selling $79.69M; Ratio 12.124%  
HUA HONG SEMI (01347.HK)  -0.950 (-1.262%)    Short selling $109.30M; Ratio 9.017%  
ZHAOJIN MINING (01818.HK)  -0.440 (-1.411%)    Short selling $8.46M; Ratio 4.081%  
CHALCO (02600.HK)  -0.020 (-0.164%)    Short selling $61.62M; Ratio 11.125%  
WEICHAI POWER (02338.HK)  -0.120 (-0.633%)    Short selling $1.23M; Ratio 1.634%  
JIANGXI COPPER (00358.HK)  +2.180 (+5.356%)    Short selling $172.03M; Ratio 13.370%  
MMG (01208.HK)  +0.150 (+1.740%)    Short selling $34.08M; Ratio 7.805%  
AAC TECH (02018.HK)  -0.220 (-0.561%)    Short selling $7.12M; Ratio 5.651%  
CONCH CEMENT (00914.HK)  0.000 (0.000%)    Short selling $8.11M; Ratio 10.662%  
BYD ELECTRONIC (00285.HK)  -0.500 (-1.465%)    Short selling $15.00M; Ratio 11.877%  
CRRC (01766.HK)  0.000 (0.000%)    Short selling $854.96K; Ratio 3.941%  
JD LOGISTICS (02618.HK)  -0.190 (-1.637%)    Short selling $14.36M; Ratio 24.343%  
SWIRE PACIFIC A (00019.HK)  -0.250 (-0.397%)    Short selling $31.78M; Ratio 53.079%  
CNBM (03323.HK)  +0.030 (+0.589%)    Short selling $5.17M; Ratio 12.639%  
TIMES ELECTRIC (03898.HK)  0.000 (0.000%)    Short selling $1.84M; Ratio 14.485%  
HAITIAN INT'L (01882.HK)  -0.220 (-0.983%)    Short selling $2.78M; Ratio 2.665%  
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Morgan Stanley released a research report in early December listing focus stocks among H-/ A-shares:

Stock
Alibaba Group Holding (BABA.US)     
YANGTZE POWER (600900.SH)  -0.130 (-0.476%)  
CATL (300750.SZ)  -1.940 (-0.525%)  
DUALITYBIO-B (09606.HK)  +1.200 (+0.404%)    Short selling $21.17M; Ratio 20.067%  
ESPRESSIF (688018.SH)  -2.900 (-1.677%)  
HKT-SS (06823.HK)  +0.010 (+0.087%)    Short selling $5.40M; Ratio 16.091%  
HKEX (00388.HK)  -1.000 (-0.245%)    Short selling $101.75M; Ratio 16.022%  
NARI (600406.SH)  -0.100 (-0.443%)  
PETROCHINA (00857.HK)  -0.080 (-0.946%)    Short selling $159.06M; Ratio 41.134%  
PING AN (02318.HK)  -0.800 (-1.213%)    Short selling $316.64M; Ratio 24.551%  
INOVANCE TECH (300124.SZ)  -1.150 (-1.504%)  
SPRING AIRLINES (601021.SH)  +1.900 (+3.299%)  
SUNNY OPTICAL (02382.HK)  +0.750 (+1.157%)    Short selling $61.58M; Ratio 16.253%  
TENCENT (00700.HK)  -1.000 (-0.167%)    Short selling $516.74M; Ratio 7.960%  
ZIJIN MINING (02899.HK)  +0.300 (+0.848%)    Short selling $353.33M; Ratio 15.065%  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-31 12:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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