Group 1: Market Performance - The Hang Seng Index closed at 18,073, reflecting a year-to-date increase of 6.02%[17] - The Hang Seng Technology Index decreased by 2.89% year-to-date, closing at 3,655[17] - The S&P 500 Index increased by 14.66% year-to-date, closing at 5,469[17] Group 2: Company Insights - US internet and software companies showed mixed revenue growth in Q1 2024, with advertising and cloud services accelerating, while SaaS revenue slightly declined[3] - Nvidia's market capitalization surpassed $3.34 trillion, making it the most valuable company globally, despite a recent stock price pullback[16] - Sunyu Optical Technology raised its global smartphone shipment forecast by 1.7% to 1.17 billion units, with a year-on-year growth of 3.5% expected[40] Group 3: Investment Recommendations - Recommended stocks include Microsoft (MSFT US), Amazon (AMZN US), and ServiceNow (NOW US) due to their favorable positions in AI and profit margin expansion[3] - The target price for Sunyu Optical Technology is set at HKD 47.31, based on a valuation of 36x FY24E earnings[19] - Hongteng Precision is expected to benefit from strong growth in AI servers and iPhone sales, maintaining a buy rating with an attractive valuation of 14.3x FY24E earnings[32]
招银国际每日投资策略
Zhao Yin Guo Ji·2024-06-26 08:02