银河证券：港股中长期配置价值仍然较高

Core Viewpoint - Hong Kong stocks have a relatively high medium to long-term allocation value due to their low absolute valuation and historical mid-to-high valuation percentiles [1] Group 1: Investment Opportunities - The technology sector continues to present significant investment opportunities, supported by favorable policies, strong profit growth, and low historical valuations, indicating substantial future upside potential [1] - The consumer sector is expected to see improved earnings growth due to domestic consumption stimulus policies, with undervalued Hong Kong consumer stocks, particularly in the pharmaceutical and discretionary consumption industries, likely to rise [1] - High dividend stocks can provide investors with stable returns amid domestic and international uncertainties [1]