港股午评：恒指涨0.32%站上26000点，科指涨0.13%，新消费概念及黄金股普涨，内房股延续跌势

Market Overview - The Hong Kong stock market opened lower but rebounded, with the Hang Seng Index rising by 0.32% to 26,011.3 points, the Hang Seng Tech Index up by 0.13% to 5,625.51 points, the National Enterprises Index increasing by 0.4% to 9,198.7 points, and the Red Chip Index up by 0.38% to 4,231.46 points [1] Company Performance - Alibaba Health (00241.HK) reported total revenue of RMB 16.697 billion for the six months ending September 30, 2025, a year-on-year increase of 17.0%. Net profit was RMB 1.266 billion, up 64.7%, with a net profit margin rising from 5.4% to 7.6% [2] - Tihai International (09658.HK) recorded third-quarter revenue of USD 21.4 million, a 7.8% year-on-year increase, but net profit fell by 90.43% to USD 360.9 thousand [2] - Li Auto (02015.HK) reported total revenue of RMB 27.4 billion for the third quarter, a decrease of 36.2% year-on-year and 9.5% quarter-on-quarter, with a net loss of RMB 624.4 million [2] - Yaocai Securities (01428.HK) announced mid-term results for the six months ending September 30, 2025, with revenue of HKD 497 million, a 10.72% increase, and net profit of HKD 327 million, up 4.77% [2] Financial Results - Mongolian Energy (00276.HK) reported revenue of HKD 871 million for the six months ending September 30, 2025, a decrease of 48.75%, with a loss of HKD 740 million, widening by 67.11% [3] - Zhongjiao Holdings (00839.HK) achieved revenue of HKD 7.363 billion for the year ending August 31, 2025, an 11.9% increase, with profit rising by 133.7% to HKD 977 million [3] - Fan Hai Group (00129.HK) reported revenue of HKD 5.34 billion for the six months ending September 30, 2025, a 237.33% increase, but incurred a loss of HKD 344 million, a decrease of 10.88% [3] - Hong Kong Credit (01273.HK) reported interest income of HKD 76.854 million for the six months ending September 30, 2025, a decrease of 7.36%, while net profit increased by 12.07% to HKD 27.299 million [3] Investment Insights - CITIC Securities suggests that the current market environment may lead to a "sharp drop and slow rise" pattern in A-shares and Hong Kong stocks, indicating a potential opportunity for reallocating investments towards 2026 [4] - Dongwu Securities notes that while short-term risks in the Hong Kong market are decreasing, a catalyst is needed for a confirmed rebound, with current positions being attractive for medium to long-term investments [4] -浦银国际 emphasizes that "embracing new trends and new consumption" will be a key investment strategy for the consumer sector in 2026, highlighting five major consumption trends that will shape investment opportunities [5]