平安证券（香港）港股晨报-20250904

Market Overview - The Hong Kong stock market experienced a slight 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 of 484 million HKD recorded in the Hong Kong Stock Connect [1][3] - The US stock market showed mixed results, with the Dow Jones down 0.05%, while the S&P 500 and Nasdaq rose by 0.51% and 1.02% respectively [2] Investment Opportunities - The report highlights the significant net inflow of southbound funds, totaling 1,005.7 billion HKD year-to-date, surpassing last year's total of 807.9 billion HKD [3] - The report suggests focusing on sectors such as artificial intelligence, robotics, semiconductors, and industrial software, which are seen as new productivity drivers [3] - New consumer sectors, including baby products, sports apparel, and IP entertainment, are also recommended due to policy support [3] Company Performance - Notable stock movements include BYD Electronics down 4.99%, China Resources Beer down 3.45%, and Midea Group down 2.82% [1] - Conversely, Alibaba Health rose by 4.58% and CSPC Pharmaceutical increased by 4.47%, benefiting from the overall strength in the pharmaceutical sector [1] - The report indicates that the Hang Seng Index and Hang Seng Technology Index have both seen year-to-date increases of over 25% [9] Key Stock Recommendations - The report recommends focusing on companies with strong fundamentals and growth potential, particularly in the clean energy, chemical environment, and liquid food sectors [10] - It highlights the importance of companies like China Gold International and Zijin Mining in the gold sector, given the current market conditions [9]