平安证券（香港）港股晨报-20250731

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion HKD, with net inflows from the Stock Connect totaling 484 million HKD [1][5] - The US stock market showed mixed results, with the S&P 500 index closing at 6,362 points, down 7 points or 0.1% [2] Industry Insights - The report highlights the current advantages of the Hong Kong stock market, including low valuations and increasing trading activity under the "profit-making effect," suggesting a positive medium to long-term outlook [3] - The report emphasizes the continued investment value in Hong Kong stocks, particularly in sectors such as artificial intelligence, robotics, semiconductors, and industrial software [3] - The healthcare sector, particularly innovative pharmaceuticals and traditional Chinese medicine, is also recommended for attention due to policy support [3] Company Performance - Notable declines were observed in the electric vehicle sector, with Li Auto dropping nearly 13% and BYD falling close to 6% [1] - In the healthcare sector, companies like 3SBio and Hengrui Medicine saw declines of nearly 5% and over 3%, respectively [1] - The report suggests focusing on companies like Giant Legend and DMG Entertainment, which are positioned well within the cultural industry, as they reported significant revenue growth [9]