Core Viewpoint - The overall market sentiment for Hong Kong stocks is active, with Meituan showing potential for price increases due to new partnerships and impressive user growth in its delivery and flash purchase services [1][3]. Technical Analysis - Meituan's technical indicators suggest a "buy" signal with a strength of 15, indicating strong market optimism [1]. - Multiple moving averages indicate a "strong buy" signal, suggesting a positive medium to long-term trend [1]. - The RSI value is at 54, reflecting a neutral stance in the short term, indicating some market divergence regarding its future price movement [1]. Support and Resistance Levels - Meituan's first support level is at HKD 125.2, with a second support at HKD 121.8 [3]. - The first resistance level to watch is at HKD 137.2, with a higher resistance at HKD 144.6 [3]. - The current price is approaching the first resistance level, with a 55% probability of breaking through [3]. Recent Performance of Related Products - On July 21, 2025, Meituan's stock price increased by 1.83% two days later, positively impacting related products [3]. - UBS call warrants (58595) rose by 20%, HSBC call warrants (58836) by 14%, UBS call warrants (16391) by 13%, and HSBC call warrants (16986) by 10%, showcasing the leverage effect of these products [3]. Investment Products - For those optimistic about Meituan breaking the HKD 137.2 resistance, HSBC call warrant (16986) is recommended with a leverage of 6.9 times and a strike price of HKD 145.65 [5]. - UBS call warrant (16391) also has a leverage of 6.7 times and is worth considering [5]. - For those anticipating a short-term adjustment, UBS put warrant (16119) and Societe Generale put warrant (16674) are options, both with a leverage of 6.5 times [6]. Additional Investment Options - Investors bullish on Meituan may consider HSBC bull warrant (58836) with a leverage of 8.4 times and a recovery price of HKD 120.5 [8]. - UBS bull warrant (58595) offers a higher leverage of 9.7 times with a recovery price of HKD 123 [8]. - For bearish views, Societe Generale bear warrant (62919) has a leverage of 8.1 times, while JPMorgan bear warrant (64164) offers a leverage of 10.7 times [8].

Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) shows a strong technical signal for buying, with key support and resistance levels identified for potential trading opportunities [3][4]. Technical Analysis - SMIC's stock price is currently at 44 HKD, showing a slight increase of 0.11%. The stock is above several important moving averages, indicating a bullish trend [3]. - The MACD indicator shows a golden cross, and the Bollinger Bands are expanding, suggesting further upward potential. The RSI is at 58, indicating a neutral to strong position [3]. - Key support levels are identified at 41.9 HKD and 38.5 HKD, while resistance levels are at 46.5 HKD and potentially 50 HKD if the first resistance is broken [4]. Derivative Products Performance - SMIC's derivative products have performed well, with specific warrants showing significant gains. For instance, the Societe Generale bull certificate (62196) and HSBC bull certificate (64024) rose by 14% and 15% respectively over two trading days, while the underlying stock increased by 2.19% [8]. Derivative Products Analysis - Various options for SMIC's warrants are available, with the call option from the issuer (17673) offering a leverage of 2.9 times and an exercise price of 48.05 HKD, making it a stable choice. Another call option (13200) has a slightly lower leverage of 2.7 times but is closer to the current price, appealing to short-term bullish investors [11]. - For put options, the issuer's put option (13733) offers a leverage of 3.1 times with an exercise price of 42.18 HKD, providing a favorable risk-reward ratio for bearish investors. Another put option (14413) has a leverage of 2.7 times and an exercise price of 42.13 HKD, suitable for risk-averse investors [11]. Bull and Bear Certificates - Bull certificates, such as UBS (67702) and Societe Generale (67786), have a redemption price set at 39 HKD, offering around 6.5 times leverage, making them suitable for investors expecting continued upward movement in SMIC's stock [14]. - Bear certificates from HSBC (54296) and Societe Generale (61769) have redemption prices of 49 HKD and 49.5 HKD respectively, providing over 8 times leverage, ideal for short-term bearish strategies [14].