What will be the next step for Hong Kong stocks? Morgan Stanley: The differentiation will continue, and foreign capital still has room for allocation increase.
Morgan Stanley stated that so far, southbound capital has made the largest contribution to this rebound, with foreign long-term investors still holding relatively low positions and there being room for increased allocation. After a long period of limited attention, Global investors are beginning to reassess China's investability in the fields of Technology and AI. In the short term, the divergent performance between AI/Technology stocks and non-AI/Technology stocks may continue.
Selected announcements｜HUA HONG SEMI's Q4 sales revenue increased by 18.4% year-on-year; AAC TECH's net income for 2024 is expected to increase by over 130%-145%.
In January, New China Life Insurance's original premium income increased by more than 30% year-on-year; CGN NEW ENERGY generated 1,527.6 gigawatt-hours in January, a decrease of 7.5% year-on-year.
CITIC SEC: The Hong Kong stock market may face profit-taking risks, but it does not change the reversal trend for the entire year.
Looking at the whole year, against the backdrop of the gradual recovery of the domestic economic fundamentals, combined with the cost-effectiveness of valuations, CITIC SEC remains bullish on the continuation of the reversal market for Hong Kong stocks since 2024.
Hong Kong stock early report | The central bank stated that it will adjust and optimize the policy intensity and pace at an appropriate time. Apple is reportedly continuing its cooperation with Baidu to develop AI features for the iPhone.
① Apple continues to collaborate with Baidu to develop AI features for the iPhone to mitigate risks. ② Xiaopeng Autos states that new products will deeply cooperate with Huawei. ③ Institutions predict that rents for Grade A offices in Hong Kong may fall by 10% this year. ④ The first retail tokenized Fund in the Asia-Pacific has been approved and is expected to be listed by the end of February.
Goldman Sachs traders: The Global stock market is welcoming the "next big rotation", from the Magnificent 7 to China Siasun Robot&Automation.
Goldman Sachs trader Mark Wilson stated that investment opportunities in AI are shifting from infrastructure to application level, and investment focus should diffuse from the overly centralized USA Technology giants to emerging fields with greater growth potential, such as the Siasun Robot&Automation Sector in China.
Hong Kong stock market news for February 13: The central bank will issue two phases of a total of 60 billion yuan notes in Hong Kong. The new generation of Horizon's intelligent driving chip has landed at BYD's Tian Shenyang.
① The Horizon Journey 6 chip has been globally launched at BYD's Tian Shen Zhi Yan. ② COSCO SHIP ENGY plans to invest approximately 3.496 billion yuan to build 6 oil tankers. ③ The central bank will issue two tranches of a total of 60 billion yuan in Hong Kong. ④ Trump has voiced the demand to lower interest rates.
