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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?
Hong Kong market update | All three major indices fell, with the Tech Index down 1.48%; Semiconductors stocks were sluggish, with Semiconductor Manufacturing International Corporation falling over 4%; Biomedical stocks remained strong throughout the day,
Network Technology stocks are performing sluggishly, Baidu Group-SW fell 1.84%, MEITUAN-W dropped 1.66%; Apple Supplier stocks broadly declined, COWELL fell 4.23%, SUNNY OPTICAL dropped 3.45%; Digital Health stocks fell, Dingdang Health dropped 3.30%, ALI HEALTH fell 2.83%.
HSBC Research has raised the Target Price for ALI HEALTH (00241.HK) to 5.5 yuan, bullish on its long-term growth prospects.
HSBC Research published a report indicating that ALI HEALTH (00241.HK)'s third-party Business will benefit from its ongoing efforts to support merchants and manage Commodities in the second half of the 2025 fiscal year. The bank holds a constructive view on the company's revenue forecasts, keeping the fundamentals unchanged, and continues to anticipate a year-on-year revenue growth of 12% in the second half of the 2025 fiscal year, compared to a year-on-year growth of 10% in the first half. Regarding offline expansion, the bank believes the management will remain cautious. The bank also maintains its profit forecast largely unchanged. ALI HEALTH is expected to announce its 2025 fiscal year performance in mid-May. The bank forecasts its revenue to grow by 11% year-on-year.
Express News | The State Administration for Market Regulation will accelerate the development of national standards in the field of AI.
Hong Kong stock midday review | The three main indexes opened high and then fell, with the Network Technology Index dropping over 1%; Network Technology stocks weakened, with Xiaomi falling over 3%; Biomedical stocks rose against the trend, with ZAI LAB i
Network Technology stocks fell broadly, XIAOMI-W dropped 3.38%, Baidu Group-SW fell 1.74%; Apple Supplier stocks weakened, COWELL declined 3.58%, Q TECH dropped 3.35%; Digital Health stocks weakened, Dingdang Health fell 3.30%, ALI HEALTH dropped 2.63%.
The Hang Seng Index series has released two new indices, both related to Technology.
On March 27, the Hang Seng Index Company announced two indices related to Technology, namely the Hang Seng Tech Index 10 and the Hang Seng China Technology 10 Select Index.