今日（11月12日）早盘，港股市场小幅高开。 中广核新能源（HK01811）公告，公司前10个月累计完成发电量15,753.4吉瓦时，同比减少3.5%。 东曜药业-B（HK01875）公告，截至2025年9月30日止9个月期间，公司营业收入为人民币6.22亿元；期 内公司权益持有人应占净亏损337.1万元。 消息面，多家公司披露业务数据。 截至发稿，恒生指数报26754.93点，上涨58.52点，涨幅0.22%。 打开百度APP畅享高清图片 恒生科技指数报5939.69点，上涨15.30点，涨幅0.26%。 其中，禾赛-W（HK02525）公告，第三季度取得净收入人民币7.95亿元，同比增加47.5%；净利润2.56 亿元，同比扭亏为盈。全年净利润指引上调到3.5亿元至4.5亿元，预计第四季度的净收入将介于10～12 亿元之间，同比增长约39%至67%。 今日早盘，禾赛跌超10%。 板块方面，创新药板块早盘集体走高。其中，百济神州涨超4%，凯莱英涨超1.8%，昭衍新药、药明合 联、药明生物涨超1%。 其他方面，盘面上，科网股涨跌不一，小米涨超2%，腾讯、网易涨超1%，阿里巴巴、百度跌超2%；内 房股活跃，世茂 ...

Core Viewpoint - A significant influx of capital has been observed in the Hong Kong stock market, with southbound funds achieving a net inflow exceeding 1 trillion HKD this year, marking a more than 100% increase compared to the same period in 2024 [1][5]. Group 1: Capital Inflow Data - As of September 11, southbound funds have recorded a cumulative net inflow of 10,655.49 billion HKD this year, significantly surpassing the total for the previous year [2][5]. - In September alone, southbound funds have seen net inflows for nine consecutive trading days, with the first week of September contributing over 30 billion HKD, an increase of over 10 billion HKD compared to the previous week [2][5]. Group 2: Investment Preferences - The top three stocks attracting the most net inflow from southbound funds this year are Alibaba, Meituan, and China Construction Bank, with Alibaba alone receiving over 110 billion HKD [1][10]. - The sectors receiving the most attention from southbound funds include consumer discretionary retail, banking, non-bank financials, and pharmaceutical biotechnology, with consumer discretionary retail leading at 1,782.85 billion HKD [6][8]. Group 3: Market Outlook - Analysts suggest that the revaluation of Chinese assets is ongoing, particularly with the expectation of interest rate cuts by the Federal Reserve, which may lead to a bullish trend in the Hong Kong stock market [1][13]. - Investment opportunities are expected to focus on sectors such as technology, pharmaceuticals, consumer goods, and manufacturing, with a particular emphasis on high-dividend stocks benefiting from declining risk-free rates [13].

Group 1 - The Hong Kong stock market continues to reach new highs for the year, driven by short-term strong performance, raising questions about sustainability until the end of the year [1] - Investors are encouraged to identify upcoming investment opportunities in the current market landscape [1] - The Federal Reserve's interest rate cut in September is anticipated to be confirmed, with expectations of additional rate cuts within the year [1]