港股點評 2025年12月11日9:30 a.m 丘鈦科技(01478.HK) 公布，今年 11 月攝像頭模組銷售數量合計 4,175.5 萬件， 按月跌 11.9%，按年升 0.4%。當中，手機攝像頭模組銷量為 3,805.3 萬件，按月 跌 13.6%，按年則跌 5.6%。 舜宇光學科技(02382.HK) 宣布，公司 11 月手機鏡頭出貨量 1.19 億件，按月跌 2.3%，按年升 7.5%。11 月手機攝像模組出貨量 4,149 萬件，按月跌 7.8%，按年 升 10.9%；車載鏡頭出貨量 1,263.4 萬件，按月升 3.4%，按年升 69.4%。 恒指升 106 點，滬指跌 9 點，標普 500 升 46 點 重要通知及免責聲明 市場觀望美聯儲議息結果，港股 10 日反彈，恒指高開 1 點後，早市曾跌 176 點 低見 25,257 點，午後轉升，更以全日高位 25,540 點收市，升 106 點或 0.4%；國 指升 18 點或 0.2%，收 8,954 點；恒生科技指數升 26 點或 0.5%，收 5,581 點。 大市全日成交總額 1,933.92 億元。 市場押注明年可能有更多寬鬆政策，美 ...

Market Overview - The Hang Seng Index is expected to rise towards 28,000 points due to the extension of the 90-day tariff truce between China and the US, along with improved trade agreements with other countries, easing trade tensions [2] - Despite no improvement in corporate earnings, the resurgence of AI-related stocks is leading the market, with expectations of favorable policies ahead of the October Fourth Plenary Session [2] Sector Focus - The focus is on the US October Michigan Consumer Sentiment Index and the impact of recent macroeconomic data from China, including a 7.6% year-on-year increase in the value added by industrial SMEs in the first eight months [3][8] - The Chinese government has implemented export controls on certain rare earth materials, which may affect related industries [8] Corporate News - Sunny Optical (2382) plans to transfer equity to increase its stake in GoerTek, while Innovent Biologics (2577) is raising over 1.5 billion HKD through an 8% discounted placement [4] - NIO (9866) is restructuring its autonomous driving department to facilitate the development of its World Model 2.0 [4] - Shandong Gold (1787) received a 120 million RMB increase in shareholding from its controlling shareholder [4] IPO Market - KPMG reports that Hong Kong is poised to reclaim its position as the top global IPO market by the end of 2025, with nearly 300 IPO applications submitted, marking a historical high [9] - The first three quarters of 2025 saw a total of 930 IPOs globally, raising 111.6 billion USD, with Hong Kong leading in A+H listings [9] Economic Indicators - The consumer spending during China's Golden Week reached 809 billion RMB, with 888 million domestic trips taken, indicating a strong recovery in consumer confidence [8] - The box office for the National Day holiday in China fell by 13% year-on-year, reflecting a shift towards more refined market preferences [8] Regulatory Developments - The Chinese government has issued a notice addressing the issue of disorderly competition, emphasizing the need for fair pricing practices to maintain market order [8] - New export controls on rare earth materials and related technologies have been implemented to safeguard national security and interests [8]

Group 1: Hang Seng Index (HSI) - The Hang Seng Index closed at 25,165 points, maintaining support at the middle line of the Bollinger Bands at 25,142 points, with a downward trend signal [1] - Resistance is noted at 25,491 points, while support is at 24,744 points [1] Group 2: Sunny Optical Technology (02382.HK) - Sunny Optical's stock price rose sharply, closing at HKD 82.25, marking a 9.74% increase, breaking through the upper Bollinger Band [6] - The stock is given a "strong buy" signal, with resistance levels at HKD 88.6 and HKD 89.6, indicating potential to reach HKD 90 [6] Group 3: Meituan-W (03690.HK) - Meituan's stock price is stable around HKD 120, with a "sell" signal reflecting bearish investor sentiment [12] - Support levels are at HKD 117.3 and HKD 113.1, while resistance is at HKD 125.3 [12] Group 4: Dongfang Zhenxuan (01797.HK) - Dongfang Zhenxuan's stock has shown significant volatility, closing at HKD 37.14 after reaching a high of HKD 53.7 [18] - The stock is rated as a "buy" with a slight positive outlook, and resistance is noted at HKD 47 [18] Group 5: Tencent Holdings (00700.HK) - Tencent's stock closed at HKD 590.5, with a cautious "buy" signal amid a sideways trading pattern [20] - Resistance is at HKD 608, while a bear certificate with a redemption price of HKD 610 is considered safe for investors [20] Group 6: China Life Insurance (02628.HK) - China Life's stock closed at HKD 24.62, having nearly doubled since April, indicating a long-term bullish outlook [26] - The stock is rated as a "buy," with short-term support at HKD 22.1 and a more conservative level at HKD 21.1, while resistance is at HKD 25.8 and HKD 27.1 [26]