news flash·2025-07-21 00:27Core Viewpoint - Hong Kong stocks are expected to experience a rebound as sectors with better-than-expected interim results are likely to catch up in performance [1] Group 1: Market Valuation - The absolute valuation of Hong Kong stocks is at a relatively low level, while the valuation percentile is at a historically mid-to-high level [1] Group 2: Investment Recommendations - High dividend stocks can provide relatively stable returns for investors amid uncertainties both domestically and internationally [1] - Sectors benefiting from favorable policies or ongoing policy support, such as stablecoin concept stocks, innovative pharmaceuticals, AI industry chain, and "anti-involution" industries, are recommended for attention [1] - Sectors that have reported better-than-expected interim results are expected to see a rebound in performance [1]