港股三大指数集体收涨，光通信、钢铁、创新药多板块走强，券商称科技板块估值已降至历史最低

Market Performance - The Hong Kong stock market showed an upward trend on February 27, with the Hang Seng Index rising by 0.95% to close at 26,630.54 points, the Hang Seng Tech Index increasing by 0.56% to 5,137.84 points, the National Enterprises Index up by 0.51% to 8,859.49 points, and the Red Chip Index gaining 0.63% to 4,439.65 points [1] Sector Performance - Strong performance was observed in sectors such as optical communication, steel, non-ferrous metals, rare earths, and innovative pharmaceuticals. Notable individual stock performances included Longi Green Energy rising nearly 10%, CanSino Biologics up by 7%, and China Shenhua Energy increasing by nearly 6% [1] - The steel sector was particularly active, with Asia Pacific Resources rising nearly 12% and Angang Steel up over 5% [1] - The biopharmaceutical sector also showed strength, with WuXi AppTec rising over 3% [1] Company Earnings - Baidu Group reported total revenue of 129.1 billion yuan for 2025, with AI business revenue reaching 40 billion yuan and a fourth-quarter revenue of 32.7 billion yuan, reflecting a 5% quarter-on-quarter growth [2] - BeiGene achieved its first annual profit with total revenue of 38.205 billion yuan, marking a 40.4% year-on-year increase [2] - CanSino Biologics reported total revenue of 1.068 billion yuan for 2025, a 26.18% year-on-year growth, and a net profit of 27.8727 million yuan, indicating a return to profitability [2] - Sun Hung Kai Properties announced a mid-year revenue of 52.705 billion HKD for the six months ending December 31, 2025, a 31.98% year-on-year increase, and a profit of 10.247 billion HKD, up 36.21% [2] Analyst Insights - According to a report from China Merchants Securities, the current valuation of the Hong Kong tech sector has dropped to historical lows. The Hang Seng Tech Index compared to the A-share ChiNext Index indicates that the tech sector is significantly undervalued. The report suggests a high probability of success in investing in Hong Kong tech stocks in the context of AI development and national technological advancement [2]