宝通证券：港股每日策略-20260126

Market Performance - The Hang Seng Index (HSI) rose by 119 points or 0.45%, closing at 26,749 points, after reaching a high of 26,895 points during the day[1] - The National Index increased by 46 points or 0.5%, closing at 9,160 points[1] - The Hang Seng Tech Index gained 35 points or 0.6%, ending at 5,798 points[1] - Total market turnover for the day was 240.872 billion HKD[1] Currency and Economic Indicators - The Chinese yuan's central parity rate was adjusted up by 90 points to 6.9929 against the US dollar, marking a two-and-a-half-year high[2] - The People's Bank of China conducted a 125 billion CNY reverse repurchase operation with a steady interest rate of 1.4%[2] - The Shanghai Composite Index closed up 13 points or 0.3%, at 4,136 points, with a trading volume of 1.34 trillion CNY[2] - The Shenzhen Component Index rose by 112 points or 0.8%, closing at 14,439 points, with a turnover of 1.75 trillion CNY[2] Corporate Earnings and Projections - Guotai Junan International expects a net profit of 1.28 to 1.38 billion CNY for the last fiscal year, a significant increase of 265% to 293% compared to approximately 351 million CNY in 2024[4] - China Merchants Bank reported a slight increase in operating income to 337.532 billion CNY, up 0.01% year-on-year, and a net profit of 150.181 billion CNY, up 1.21%[5] - Zijin Mining announced the completion of the second phase of its Julong Copper Mine, increasing production capacity to 350,000 tons per day[4]