信达国际控股港股晨报-20250516

Market Overview - The Hang Seng Index is expected to rise to 24,300 points due to the reduction of tariffs between China and the US, with the US tariffs on Chinese goods decreasing from 145% to 30% and Chinese tariffs on US goods from 125% to 10% for a period of 90 days, indicating a significant easing of tensions [2] - The market anticipates a new round of financial policies from mainland China, including reserve requirement ratio cuts and interest rate reductions, aimed at stabilizing market expectations and boosting investor confidence [2] Sector Focus - The Chinese central bank and other departments are committed to supporting technological innovation through various investment strategies, emphasizing long-term and hard technology investments [3][7] - The US Federal Reserve has maintained interest rates, with expectations of two rate cuts totaling 0.5% this year, reflecting a cautious approach to economic uncertainties [3][7] Company News - Alibaba (9988) reported a 7% year-on-year revenue increase to 236.45 billion yuan, but adjusted net profit of 29.847 billion yuan fell short of expectations [9] - NetEase (9999) achieved a 32% increase in adjusted net profit, driven by a 12% rise in gaming revenue, exceeding market expectations [9] - Geely (0175) reported a 2.6 times increase in first-quarter profit, with revenue rising 24.51% year-on-year [9] - JD.com (9618) announced that its food delivery business has surpassed 20 million daily orders, marking a new high since its launch [9] - NIO (9866) plans to launch its new model, the L90, in the next quarter, aiming to expand its market presence [9] Economic Indicators - Hong Kong's overall export and import volumes increased by 15.8% and 13.5% year-on-year in March, respectively, indicating a positive trade outlook [7] - The United Nations has downgraded its global economic growth forecast to 2.4% for the year, with China's growth expected to slow to 4.6% due to various economic pressures [7][8]