平安证券（香港）港股晨报-20260213

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 turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1] - The US stock market saw all three major indices decline, with the Dow Jones down 1.34%, S&P 500 down 1.57%, and Nasdaq down 2.03% [2] Sector Performance - In the Hong Kong market, local real estate, software, and 5G concept sectors faced significant declines, while gold stocks performed well [1] - The technology sector in Hong Kong saw a drop, with the Hang Seng Technology Index down 1.65% [1] - Notable stock performances included Budweiser APAC down 5.2%, Lenovo Group down 4.6%, and Meituan down 4.5%, while Zijin Mining rose 3.5% and WuXi AppTec increased by 2.9% [1] Investment Opportunities - The report emphasizes the importance of "technological self-reliance" and AI applications as key themes for future growth in the Hong Kong stock market, suggesting that leading companies in these sectors may see medium to long-term development opportunities [3] - The Ministry of Industry and Information Technology's recent policies on national computing power interconnectivity are expected to boost domestic computing and communication sectors [3] - Investors are advised to focus on sectors supported by policies for "expanding domestic demand," including sports apparel and non-essential service consumption, as well as undervalued central state-owned enterprises with high dividends [3] Key Companies and Trends - The report highlights the performance of companies like BYD, which saw a 35% year-on-year increase in sales in January, benefiting from EU tariff exemptions for Chinese brand SUVs [9] - The report also notes that the domestic export of new energy vehicles reached 286,000 units in January, indicating strong growth potential for leading companies in this sector [9] - Companies such as China Mobile and Zhiyun AI are recommended for their roles in the computing power supply chain, reflecting a growing demand for AI and related technologies [9]