Core Viewpoint - Hong Kong Stock Exchange (HKEX) shows strong upward momentum in technical analysis, with a recent price of HKD 405.2, reflecting a 0.5% increase and a stable influx of capital [1][4]. Technical Analysis - The stock has surpassed major moving averages, with MA10 at HKD 393.92, MA30 at HKD 372.25, and MA60 at HKD 358.2, indicating a bullish trend [1]. - The current support levels are at HKD 386 and HKD 361, while the short-term resistance is at HKD 410, with a potential upward challenge to HKD 423 if broken [4]. - The Relative Strength Index (RSI) is at 70, indicating strong buying power, but caution is advised due to potential short-term pullback pressures [7]. - The technical model estimates a 52% probability of upward movement, aligning with current momentum trends [4]. Investor Sentiment - Investor sentiment is generally positive, with many expecting continued interest in IPOs and a long-term target of at least HKD 450 [1]. - There are 17 buy signals, 1 sell signal, and 6 neutral signals, suggesting a steady upward trend [1]. - Short-term resistance is closely aligned with investor expectations, indicating a consensus around HKD 409 as a critical level [1]. Derivative Products Performance - Derivative products linked to HKEX have shown significant leverage effects, with notable performances from bull certificates, such as Societe Generale's bull certificate 54739 and HSBC's bull certificate 53712, both achieving a 21% increase [2]. - Call options like HSBC's 29547 and Societe Generale's 27807 also reported gains of 18% and 15%, respectively [2]. Market Dynamics - The overall market atmosphere remains bullish, supported by strong technical indicators and high trading volumes, which reinforce the positive outlook for HKEX [11]. - The presence of various derivative products allows investors to align their strategies with market expectations, catering to different risk appetites [7][9].

Group 1: Hang Seng Index - Investors see strong support at 23,600, with expectations to reach 24,000-24,100 on Friday, while some are cautious about a potential drop to 23,000 [1] - The index has been fluctuating within the range of 23,500-23,800 since mid-May, indicating low volatility which may affect derivative profits [1] - Technical signals show 13 buy signals, 2 sell signals, and 9 neutral signals, indicating a neutral preference [1] Group 2: Hong Kong Exchanges and Clearing (00388) - Investors are optimistic about HKEX, expecting a long-term target of at least 450, with a short-term resistance at 409 [3] - Technical signals indicate a strong buy with 17 buy signals, 1 sell signal, and 6 neutral signals, suggesting a steady upward trend [3] - If the price breaks through 409, the next resistance level is 423, which is still some distance from investor target prices [3] Group 3: Meituan-W (03690) - Investors are questioning whether Meituan can stabilize at 140 and challenge 145-150, while some are opening put options expecting a decline to 130 [6] - Technical signals maintain a buy rating with 14 buy signals, 2 sell signals, and 8 neutral signals, though the buy signals are not very strong [6] - Resistance levels are noted at 146.5 and 153.3 [6] Group 4: Pop Mart (09992) - Investors are optimistic about Pop Mart, predicting a rise to at least 252-260 next week, viewing it as a buying opportunity [9] - Technical signals maintain a buy rating with upward trends, with resistance at 258 and support at 219 [9] Group 5: China Resources Beer (00291) - Investors are observing a rebound in stock price over three days, questioning if it will challenge 28 [12] - Technical signals indicate a sell preference with 13 sell signals, 5 buy signals, and 6 neutral signals, suggesting caution [12] - The stock has faced resistance at the middle line of the Bollinger Bands at 25.9, with a significant distance to 28 [12] Group 6: Baidu Group-SW (09888) - Investors are divided, with bulls hoping to maintain 82 for a rebound, while bears anticipate further declines [15] - Recent price movements show a slight recovery, closing at 83, but still below the middle line of the Bollinger Bands [15] - Technical signals indicate a sell preference with 11 buy signals, 7 neutral signals, and 6 sell signals, with support at 79.9 and resistance at 86.2 [15]

Group 1 - The current market sentiment for Hong Kong Exchanges and Clearing (HKEX) is optimistic, with investors speculating whether the stock price can break through the resistance level of 391 HKD or will consolidate at current levels [2] - Technical indicators show a bullish trend, with the 10-day moving average (376.06 HKD) crossing above the 30-day moving average (345.83 HKD), indicating a golden cross. However, the RSI is at 67, nearing overbought territory, suggesting potential for a technical adjustment [2] - Key support levels are identified at 357 HKD (Support 1) and 333 HKD (Support 2), while resistance levels are at 391 HKD (Resistance 1) and 414 HKD (Resistance 2) [2] Group 2 - In the current market, specific warrants are highlighted, such as HSBC call warrant 29943 with a strike price of 390.19 HKD offering 7.9 times leverage, and Societe Generale call warrant 13399 also at a strike price of 390.19 HKD with 8.3 times leverage [4] - For put warrants, the recommended options include the Citigroup put warrant 16606 with a strike price of 333.9 HKD and 7.3 times leverage, and the Credit Suisse put warrant 15262 with a strike price of 333.88 HKD and 6.7 times leverage [4] Group 3 - On May 15, HKEX-related bull certificates performed well, with the underlying stock rising by 0.48%. The bull certificates from Societe Generale (53641) and HSBC (69781) recorded an 8% increase, outperforming the underlying stock [6] Group 4 - Bull certificates such as JPMorgan's 53236 offer 8.7 times actual leverage with a redemption price of 340 HKD, providing about a 10% margin of safety. UBS's 69265 offers 10 times leverage with a redemption price of 345 HKD [8] - For bear certificates, JPMorgan's 52629 and UBS's 52543 provide high leverage of 17.6 times and 16.1 times respectively, with a redemption price of 400 HKD, offering approximately 5.5% buffer space [8] Group 5 - It is noted that HKEX's stock price is closely related to market trading volume, indicating that investors should pay attention to changes in market activity when trading derivatives [11]