SMIC(688981) 格隆汇·2025-05-12 12:32Market Overview - Southbound funds recorded a net sell of HKD 18.528 billion in Hong Kong stocks on May 12, marking the highest single-day net sell since February 24, 2021, and the second-largest in history [1] - The net sell of Tencent Holdings reached HKD 36.65 billion, while Xiaomi Group saw a net sell of HKD 21.16 billion [2] Company-Specific Insights - BYD Electronics experienced a net buy of HKD 121 million, while China National Offshore Oil Corporation had a net buy of HKD 113 million [2] - Tencent Holdings is expected to report a steady first-quarter performance with a projected revenue growth of 10% year-on-year to HKD 175.3 billion, driven by growth in gaming and advertising sectors [5] - Xiaomi Group faced challenges with its SU7 Ultra model, leading to a wave of returns due to issues with the carbon fiber hood not enhancing performance as claimed [6] - XPeng Motors announced a significant milestone with its flying car division, XPeng Huitian, as it received acceptance for its production license application from the Civil Aviation Administration [6] Investment Recommendations - Analysts suggest focusing on high-growth and high-dividend companies in the oil sector, particularly the "three barrels of oil," due to favorable market conditions and potential tax reforms in refined oil consumption [5] - The overall sentiment in the consumer electronics sector is improving, with expectations of valuation recovery if tariff policies do not deteriorate further [5]