Sou Hu Cai Jing·2026-01-12 02:07Core Viewpoint - The Hong Kong stock market is experiencing a positive trend, particularly in the AI sector, with significant gains in key stocks and ETFs related to AI applications [1][3]. Group 1: Market Performance - The Hang Seng Technology Index opened with a rise of 0.88%, and the Hong Kong Internet ETF (513770) saw an increase of over 2% [1]. - Key AI-related stocks such as Kuaishou-W, Meituan-W, and Bilibili-W have risen by over 4% and 2% respectively, indicating strong market interest [1]. Group 2: AI Sector Insights - Kuaishou's AI mobile platform revenue surged by 102% compared to December 2025, driven by the popularity of AI-generated content [3]. - Morgan Stanley highlighted Kuaishou's leading position in generative AI, with a valuation corresponding to 12 times the expected earnings for 2026, and a projected profit compound annual growth rate of 21% from 2026 to 2027 [3]. - Goldman Sachs noted that Kuaishou's recent upgrades and new features are expected to enhance its overseas user recognition and revenue, potentially boosting its stock price [3]. Group 3: Investment Opportunities - According to Founder Securities, 2026 is anticipated to be a pivotal year for AI applications, with major internet companies competing to develop entry-level AI applications [4]. - The Hong Kong Internet ETF (513770) has attracted significant capital inflow, totaling 572 million yuan over five consecutive days, reaching a record size of 13.395 billion yuan [4][6]. - The ETF tracks major stocks like Alibaba-W, Tencent Holdings, and Kuaishou-W, with the top ten holdings accounting for over 78% of its total weight [6].