Group 1 - The next "commercial space" opportunity is emerging with the approaching inflection point in the controllable nuclear fusion industry, highlighting the importance of focusing on core segments [2] - The military industry is identified as a "value pit," with investment opportunities in the accelerating delivery of the large aircraft industry chain [2] - Overseas computing power may be undervalued, with "light entering the cabinet" potentially becoming the largest industrial opportunity this year [2] Group 2 - Improved antitrust expectations combined with AI applications are expected to catalyze a valuation recovery for Hong Kong's internet sector [2] - The discussion includes perspectives on Alibaba, particularly regarding its traditional business pressures and the resilience of its AI cloud services [2]
【基金经理内参】下一个“商业航天”迎拐点、军工还有一个“价值洼地”、“光进柜内”或成为今年最大产业机遇、港股互联网估值修复在望
第一财经·2026-01-12 09:37