Tesla(US:TSLA) Ping An Securities Hongkong·2025-10-24 06:32Market 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 US stock market saw all three major indices rise, with the Dow Jones up 0.31%, S&P 500 up 0.58%, and Nasdaq up 0.89% [2] - The Hang Seng Index showed a 0.72% increase on Thursday, closing at 25,967.98 points, with significant trading volume of 2,452.56 billion HKD [1][5] Sector Performance - In the Hong Kong market, sectors such as local real estate, software, and 5G concepts faced declines, while gold stocks performed well [1] - The US market saw notable gains in technology stocks, with major players like Tesla and Amazon rising over 2% [2] - The healthcare sector in Hong Kong has been underperforming, with the healthcare index dropping 6.21% from August 7 to October 23, marking it as the worst-performing sector during this period [3] Investment Opportunities - The report suggests focusing on sectors benefiting from technological advancements, particularly in artificial intelligence, semiconductors, and industrial software [3] - Companies with relatively low valuations and high dividends, particularly state-owned enterprises, are highlighted as potential investment opportunities [3] - The report emphasizes the importance of companies involved in the AI sector and hardware servers, such as Alibaba and ZTE, as they are expected to benefit from the growing demand in AI applications [9] Company Highlights - China Aerospace Science and Technology Corporation (中航科工) is noted for its significant revenue growth, achieving 37.465 billion RMB in the first half of 2025, an increase of 11.43% year-on-year [10] - The company is also focusing on developing high-tech aviation products and services, including electric vertical takeoff and landing aircraft [10] - The report anticipates that the company's net profit will reach 2.51 billion RMB and 2.93 billion RMB in 2025 and 2026, respectively, indicating a low valuation with a PE ratio of around 12 times [10]