The pattern of "weak performance of the technology stocks" in the Hong Kong stock market is intensifying. What direction will the market take next?

① Currently, the profit growth of Hong Kong stocks mainly relies on the optimization of profit margins in the Technology Sector rather than revenue expansion. Does this imply that the foundation for sustained market growth in the future is relatively weak? ② For the "Adjustment of Technology Positions + Dividend Hedging" strategy proposed by CICC, how should investors balance the conflict between short-term volatility defense and long-term strategy adherence?

cls.cnMar 31 00:00 ET

Brokerage morning meeting highlights: Focus on economic performance exceeding expectations or new catalysts in Technology, and emphasize structural opportunities in Technology and the pro-cyclical main line.

At today's Brokerage morning meeting, China Securities Co.,Ltd. suggested focusing on the economy exceeding expectations or new catalysts in Technology, emphasizing structural opportunities in Technology and pro-cyclical main lines; KSY Securities believes that the overall Hong Kong stock market has not yet entered a full bull market rally stage; HTSC stated that the overall lithium battery production scheduling in April has improved month-on-month, Bullish on the marginal continuous improvement of supply and demand in the Industry Chain.

cls.cnMar 30 20:14 ET

DBS: Maintains "Buy" rating on BYD Electronics (00285), target price adjusted to HKD 66.5.

The bank has lowered its earnings per share forecast for BYD Electronics for the fiscal year 2025, reflecting lower profit margins.

Zhitong FinanceMar 27 04:40 ET

Xiaomi Stock and the Rest of China's 'Terrific 10' Are the Tech Bet for 2025 -- Barrons.com

Barron'sMar 27 02:00 ET

Citigroup: Lowers BYD Electronic's (00285) Target Price to HKD 45 and downgrades the rating to "Neutral".

The bank stated that the current stock price has fully reflected the company's growth this year, and short-term stock price catalysts may include the shipment of "H20 NVL16" and the launch of "Pura 80".

Zhitong FinanceMar 26 04:52 ET

CITIC International: Raised the Target Price for BYD Electronics to HKD 53.2, with a rating of "Buy".

CICC released a Research Report stating that BYD Electronics (00285) performed below expectations in the second half of last year, and management expects future profits to improve due to various catalysts. Additionally, domestic demand for AI Servers continues to be released, and BYD Electronics' businesses such as liquid cooling, power supply, and server enclosures also have significant elasticity. The bank maintains a "Buy" rating for the group, raising the Target Price from HK$39.4 to HK$53.2.

Sina Hong Kong stocksMar 26 04:27 ET