Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market saw a net inflow of funds through the Hong Kong Stock Connect, amounting to 484 million HKD, with the Shanghai and Shenzhen Connects contributing 283 million HKD and 201 million HKD respectively [1] - The US stock market showed mixed results, with the Dow Jones falling by 220 points while the Nasdaq and S&P 500 reached new highs [2] Key Companies and Performance - Oracle's stock surged by 36% following a report of a 1,529% increase in multi-cloud database revenue from major clients like Amazon, Google, and Microsoft, driven by AI server demand [2] - Tencent Holdings and Alibaba both showed positive stock performance, with Tencent up 1.0% and Alibaba up 0.6% [15] - Li Ning Company reported a revenue of 14.817 billion HKD for the first half of 2025, reflecting a year-on-year growth of 3.3% [10] Investment Recommendations - The report suggests focusing on sectors such as artificial intelligence, semiconductors, and industrial software, which are seen as new productivity drivers [3] - It is recommended to pay attention to upstream non-ferrous metals benefiting from anticipated interest rate cuts by the Federal Reserve, as well as technology sectors empowered by AI applications [3] - The report highlights the potential of state-owned enterprises with low valuations and high dividends, suggesting they remain attractive investment options [3] Industry Insights - The report emphasizes the growth of the data market in China, with a focus on enhancing data trading institutions and fostering a unified national data market [9] - The renewable energy sector is also highlighted, with China Resources Power reporting an 8.9% increase in electricity sales in August, indicating robust growth in the sector [9][13]
平安证券（香港）港股晨报-20250911
Ping An Securities Hongkong·2025-09-11 03:21