XIAOMI(HK:01810) Ge Long Hui·2025-06-27 09:04Market Overview - On June 27, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling by 0.17%, the Hang Seng China Enterprises Index down by 0.47%, and the Hang Seng Tech Index decreasing by 0.07% [1][2]. Technology Sector - Major tech stocks showed mixed performance, with Xiaomi rising by 3.6%, Kuaishou increasing by over 1%, and JD.com slightly up, while Baidu fell by over 2% [3][4]. - Xiaomi's stock was boosted by the strong pre-orders for its new SUV model, the YU7, which exceeded expectations with over 289,000 units ordered within an hour of launch [5][6]. Metals Sector - The metals sector saw significant gains, with Jiangxi Copper rising over 7%, Tianqi Lithium and Luoyang Molybdenum both increasing by over 6% [6][7]. - A report indicated that the allocation ratio of funds to the metals sector increased by 1.07 percentage points to 4.59% in Q1 2025, with copper, gold, and aluminum being key focus areas [6]. Coal Sector - Coal stocks generally rose, with Shougang Resources increasing by over 3% [7][8]. - Analysts noted that coal prices are stabilizing, and the supply-demand balance is beginning to improve, suggesting a strategic bullish outlook for the coal sector [8]. Sports Goods Sector - The sports goods sector experienced gains, with Tmall rising over 4% and other brands like Yue Yuen Industrial and 361 Degrees also seeing increases [9][10]. - The recent popularity of local sports events is expected to enhance consumer awareness and brand penetration in the sports goods market over the long term [11]. Real Estate Sector - Real estate stocks faced declines, with R&F Properties dropping over 3% and other major developers like China Resources Land and Longfor Group also falling [12]. - Data indicated that the average price of second-hand residential properties in 100 cities fell by 0.71% month-on-month and 7.24% year-on-year in May 2025 [12]. Biopharmaceutical Sector - The biopharmaceutical sector was under pressure, with BeiGene falling over 9% and other companies like Rongchang Biologics and Kintor Pharmaceuticals also declining [13][14]. - Rongchang Biologics announced a licensing deal for its product with a total potential value of up to $4.105 billion, but the market reacted negatively due to unmet expectations regarding the deal's terms [14]. New Listings - The jewelry company Zhou Li Fu saw a significant increase of 33.83% on its first trading day, reaching a market capitalization of HKD 17.367 billion [15][16]. Market Outlook - Analysts from Industrial Securities forecast that Hong Kong stocks will trend upward in the second half of 2025, with potential tactical adjustments in early Q3 [17].