信达国际控股港股晨报-20260304

Market Overview - The Hang Seng Index (HSI) is expected to find short-term support around 25,500 points due to escalating tensions between the US and Iran, which may impact market sentiment and performance [2] - The upcoming National People's Congress will focus on economic growth targets, deficit rates, and fiscal stimulus, which could influence asset markets [2] - The HSI has shown weakness, with a technical head-and-shoulders pattern indicating potential further declines if it falls below the December low of 25,554 points [2] Macro Focus - The US Federal Reserve maintained interest rates in January, indicating a cautious approach to future adjustments based on economic data and geopolitical tensions [5] - Recent economic data has shown resilience, but concerns over rising oil prices due to geopolitical instability may limit the scope for further rate cuts [5] - The People's Bank of China reported a significant increase in government bond net financing, indicating robust financial market activity [9] Company News - ASMPT reported a 1.6 times increase in profit for the last year, with a total profit of HKD 9.02 billion and a revenue increase of 10.04% to HKD 137.36 billion [11] - Apple launched a new generation of MacBook Air featuring the M5 chip, aimed at enhancing performance for AI-related tasks [11] - Huawei's senior vice president highlighted the potential for AI applications to reshape the telecommunications industry, emphasizing the transition from resource services to AI services [11] Industry Insights - The global smartphone shipment is projected to grow by 2% in 2025, with Huawei expected to lead the Chinese market with a 17% share [9] - The AI sector is experiencing rapid growth, with significant advancements in semiconductor technology driving demand [11] - The oil market is expected to remain volatile due to geopolitical tensions, particularly in the Middle East, affecting supply and prices [8][10]