国证国际港股晨报-20250507

Group 1: Market Overview - The Hong Kong stock market continued its upward trend, with the Hang Seng Index closing at 22,662 points, up 158 points or 0.70% after fluctuating during the day [2] - Trading volume significantly increased post-holiday, with the main board's turnover reaching HKD 213.4 billion, a rise of 59.6% compared to the previous day [2] - Northbound trading recorded a substantial net inflow of HKD 13.5 billion, an increase of 139.1% from the previous day [2] Group 2: Sector Performance - Among the 12 Hang Seng Composite Index sector indices, 9 sectors rose while 3 sectors declined [2] - The leading sectors included materials, telecommunications, and consumer staples, with increases ranging from 1.63% to 1.16% [2] - The sectors that experienced declines were healthcare, energy, and real estate construction, with decreases of 1.50%, 0.47%, and 0.05% respectively [2] Group 3: Company Analysis - Meta Platforms - Meta Platforms reported Q1 total revenue of USD 42.3 billion, a year-on-year increase of 16%, exceeding guidance and market expectations [8] - The net profit for Q1 was USD 16.6 billion, a 35% increase year-on-year, surpassing expectations by 19% and 21% [8] - Advertising revenue maintained resilience, growing 16% year-on-year, with ad prices increasing by 10%, reflecting improved return on investment for advertisers [9] Group 4: Future Outlook for Meta Platforms - The company anticipates Q2 revenue between USD 42.5 billion and USD 45.5 billion, representing a year-on-year growth of 9% to 16% [10] - Meta's investment in AI continues to enhance advertising efficiency, with the introduction of new models and technologies [10] - The company has adjusted its capital expenditure guidance for 2025 to USD 64 billion to USD 72 billion, reflecting increased investments in data centers and core business development [10]