每日投资策略-20250428

Group 1: Market Overview - The report indicates that the Hong Kong stock market is expected to experience quiet trading as the May Day holiday approaches, with recent fluctuations influenced by U.S. trade policies and Federal Reserve hints at potential interest rate cuts [2][3]. - The Hang Seng Index opened higher but closed with a slight gain of 0.3%, reflecting a volatile trading session with a total turnover of approximately HKD 2080.36 million [3]. Group 2: Macro & Industry Dynamics - The Mandatory Provident Fund (MPF) reported an average loss of HKD 9,100 per member in April, with total losses estimated at HKD 434 billion, marking the worst performance for the first four months since 2022 [6][7]. - The total assets of the MPF are estimated to be around HKD 1.298 trillion, with an average account balance of HKD 270,800 per member, showing a monthly decrease of HKD 8,300 [7]. - The Hong Kong Monetary Authority stated that despite the volatility caused by U.S. tariffs, the overall financial market in Hong Kong remains stable, with a healthy liquidity in the Hong Kong dollar [8]. Group 3: Company News - Giordano International reported a revenue increase of 3.75% for the first quarter, reaching HKD 999.7 million, with significant growth in the Gulf Cooperation Council region [10]. - OneSun Holdings announced a placement of new H shares at a discount of approximately 14.89%, aiming to raise around HKD 195 million for business investments and overseas expansion [11]. - Zhonghui Group reported a 28% decline in interim profit, with a net profit of HKD 244 million, despite a revenue increase of 7.52% [12].