Mei Ri Jing Ji Xin Wen·2025-10-21 01:51Core Viewpoint - The Hong Kong stock market is showing long-term investment opportunities despite short-term volatility, with institutions suggesting that recent adjustments may provide a rare chance for investors to enter at lower prices [1] Group 1: Market Performance - On October 21, the Hang Seng Index opened up by 1.17%, and the Hang Seng Tech Index rose by 1.84%, indicating a continuation of the rebound in tech stocks [1] - Notable gains were observed in tech companies such as Sunny Optical Technology and Alibaba, both increasing by 3% [1] Group 2: Institutional Insights - International investment banks are optimistic about leading internet companies, with Goldman Sachs highlighting Tencent's unique advantage in "AI technology fully empowering its business lines" and raising its capital expenditure expectations and target price [1] - For Alibaba, while short-term profitability is under pressure, there is potential for growth in Taobao and Tmall's profitability and international cloud business, with a recommendation to buy on price dips [1] Group 3: Sector Trends - According to招商证券, AI remains a clear main theme in the Hong Kong stock market, with the internet sector expected to continue benefiting [1] - Guotai Junan Securities anticipates that the Hong Kong stock market may reach new highs in the fourth quarter, driven by the deepening narrative of "AI empowerment" and policy support, alongside foreign capital inflows [1] Group 4: Fund Flows - Recent fund movements confirm institutional views, with significant inflows into Hong Kong's AI core assets, including a continuous net inflow into the Hong Kong Stock Connect Tech ETF for 10 consecutive trading days [1] - The Hang Seng Internet ETF attracted 775 million yuan in a week, reflecting strong confidence from large funds in the Hong Kong tech sector [1]