信达国际控股港股晨报-20250508

Market Overview - The Hang Seng Index faces initial resistance at 23,000 points, influenced by U.S. President Trump's announcement to suspend new tariffs for 90 days while increasing tariffs on Chinese imports [2] - The market anticipates stronger economic support measures from the central government, including additional bond issuance in Q3 to stimulate domestic demand and mitigate tariff impacts [2][6] - Recent developments suggest a potential reduction in tariffs by the U.S., with positive progress reported in U.S.-China trade negotiations [2] Sector Outlook - There is a positive outlook for domestic consumption stocks, driven by expectations of increased policy support for consumer spending [3] Corporate News - Geely Automobile (0175) proposes a privatization of Zeekr at a 13.6% premium [5] - XPeng Motors (9868) is rumored to be considering a spin-off for its Hong Kong or U.S. listing [5] - Contemporary Amperex Technology Co., Ltd. (CATL) is reportedly planning a Hong Kong IPO with a discount of less than 10% [5] - Pop Mart (9992) non-executive director sold 11.91 million shares, realizing HKD 2.27 billion [5] - Old Town Gold (6181) plans a share placement at an 8% discount to raise HKD 2.7 billion [5] - Budweiser (1876) reported an 18% decline in first-quarter profit [5] - Hongteng Precision (6088) has terminated the sale of Autotalks [5] Economic Indicators - The U.S. Federal Reserve maintained interest rates, citing increased uncertainty in the economic outlook, with expectations of two rate cuts totaling 0.5% this year [6][12] - The People's Bank of China announced ten measures to enhance macroeconomic control, including a 0.5% reduction in the reserve requirement ratio and a decrease in policy interest rates [10] - China's foreign exchange reserves increased for four consecutive months, with a total of USD 3.2817 trillion as of the end of April, reflecting a rise of USD 41 billion [11] - Hong Kong's PMI for April remained at 48.3, indicating a continued contraction in the private sector [11]