平安证券（香港）港股晨报-20251210

Market Overview - The Hong Kong stock market experienced a downward trend, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1][5] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1][5] - The US stock market showed mixed results, with the Dow Jones down 0.38% and the Nasdaq up 0.13% [2] Investment Opportunities - The report emphasizes the attractiveness of undervalued high-dividend sectors in the Hong Kong market, suggesting that these areas remain a key focus for capital allocation [3] - The technology sector, particularly in areas like artificial intelligence, semiconductors, and industrial software, is highlighted as a core investment theme for the future [3] - Companies benefiting from the anticipated interest rate cuts by the Federal Reserve and those with strong mid-term performance in the upstream non-ferrous metals sector are recommended for attention [3] Company Highlights - SenseTime (商汤-W) has achieved double-digit growth in its domestic chip computing power and plans to launch a new AI model in spring next year, indicating strong potential in the AI sector [9] - JD Health (京东健康) has signed a cooperation agreement with Wuhan University People's Hospital to explore new models of integrated development in healthcare, enhancing service accessibility [9] - China Railway (中国中铁) reported a revenue of 773.814 billion CNY for the first three quarters of 2025, with a notable performance in its mineral resources segment, suggesting a strong outlook for the company [10]