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Hong Kong Stock Market Morning Report | AI and other key areas receive renewed attention, DeepSeek becomes the fastest growing AI tool in the Global market.
① The Ministry of Industry and Information Technology will focus on key areas such as AI and critical software, nurturing a batch of platforms for the transformation of innovative achievements. ② DeepSeek's monthly visits exceed ChatGPT. ③ Huawei: Global sales revenue in 2024 is 862.1 billion yuan, with a Net income of 62.6 billion yuan. ④ Li Auto's internal sales target for this year: 0.7 million units for the entire year, with 0.05 million units for pure electric.
EVERG SERVICES: ANNOUNCEMENT OF ANNUAL RESULTS FORTHE YEAR ENDED 31 DECEMBER 2024
Hong Kong Property: In March, the number of Residence registrations in Hong Kong is expected to reach 5,000 cases, setting a new four-month high.
As of the 24th of this month, Hong Kong's Residence properties (including first-hand private housing, second-hand private housing, and second-hand public housing) have recorded 3,974 registrations.
EVERG SERVICES: DATE OF BOARD MEETING
Hong Kong Property: It is expected that the overall property registration volume in Hong Kong will rise to 5,000 cases in March.
According to Wang Pindi, Director of the Research Department of Hong Kong Real Estate, data from the Land Registry shows that as of this month (up to the 17th), Hong Kong has recorded a total of 2,908 property registrations (including new private residences, second-hand Residences, new public housing, commercial shops, pure parking spaces, and Other non-residential properties), an increase of approximately 16.6% compared to 2,493 registrations in the same period last February.
The historical issues troubling private Property Service companies are expected to have dissipated according to CITIC SEC.
Jinwu Finance | CITIC SEC believes that the historical issues troubling private Property Service companies have dissipated, and the dividends of these companies are generally very attractive, with Cash/ Money Market Assets providing a safety margin. Moreover, most private Property Service companies are experiencing continuous net Inflow of operating Cash, making high dividends completely sustainable. Unlike in the fall of 2024, the current catalysts for the Property Service Sector may not be improvements in credit in the real estate sector (though real estate credit is also stable), but rather the upcoming announcement of the 2024 annual report, which is expected to deliver sustainable high dividends and a vision for long-term stable development. We recommend leading private Property Service companies at this time.
