霸菱方伟昌：料港股将处于重个股格局 IPO、科技及医疗继续跑赢大市

Core Viewpoint - The Hong Kong stock market is expected to be characterized by a "light index, heavy stock" approach, with IPOs, technology, and healthcare sectors anticipated to outperform the market [1] Group 1: Market Outlook - The focus will be on individual stocks rather than the overall index, with expectations for continued strong performance in IPOs, technology, and healthcare sectors [1] - There is a need to monitor whether the central government will enhance support policies in areas such as consumption, technology independence, and real estate [1] Group 2: Sector Analysis - The technology sector is expected to benefit from supportive policies and strong performance, particularly with AI investments leading the market [1] - Caution is advised regarding AI-related stocks, as profitability may be easier to achieve by 2025, and careful selection is necessary this year [1] - The outlook for consumer electronics, such as mobile phones and computers, is cautious due to high storage prices [1] Group 3: Banking Sector - Some local Hong Kong bank stocks have performed well despite being in a rate-cutting cycle, with corporate earnings remaining strong [2] - If the Hong Kong stock market sees increased trading activity and a recovering property market, bank stocks are likely to benefit [2] - There is a positive outlook for domestic insurance stocks within the financial sector [2]