在电讯服务方面，见到未来增长更为停滞，因5G应用放缓影响付费用户及每用户平均收入增长，但就 增值服务增加持正面看法。 在电讯服务方面，见到未来增长更为停滞，因5G应用放缓影响付费用户及每用户平均收入增长，但就 增值服务增加持正面看法，然而相信每用户平均收入扩张，将视乎人工智能应用及功能突破以推动用户 流量。 在创新业务方面，对长远人工智能相关方案收入贡献及计算资本开支增长维持正面看法，但基 于宏观不确定性，预期企业优先处理具质素项目，或影响短期增长。 高盛下调中国电信(00728)及中国联通(00762)投资评级，由"买入"降至"中性"，基于电讯服务增长停 滞，以及需更长时间让创新业务加速，将中电信目标价由7.9港元降至6港元，联通目标价由11.5港元降 至8.8港元。 该行亦下调对两间公司今明两年盈利预测6%至7%。 高盛发布研报称，对中国电讯商的资本开支从传统电讯网络转移至人工智能计算基建及新业务扩展持正 面观点，但见内地电讯业短期的服务业务及创新业务增长短期受压。 ...

1月2日，港股三大指数全日涨势如虹，截至收盘，恒指涨2.76%报26338.47点，国指涨2.86%，恒生科技 指数涨4%。 盘面上，大型科技股集体上涨，百度大涨9.35%，腾讯、阿里巴巴涨超4%，快手、京东涨超3%；芯片 股集体走强，华虹半导体涨9.4%，中芯国际涨超5%；风电设备股跟涨，金风科技大涨近21%；游戏股 普涨，网易、中手游、青瓷游戏均涨超6%。另外，影视、彩票、乳制品等少部分板块走弱。 | 行业热力图 v | 领涨板块 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 银行 | | 线上零售商 | 电讯服务 | 汽车 +1.99% | 地产发展 +1.57% | 黄金及贵 +3.02% | 生物技术 +1.40% | 图品 +1.95% | | +1.23% | | +3.55% | +1.98% | | | | | | | | | | | 能源储存装置 | 服装 +0.19% | 家庭电 +4.43% | 家族 * | | | | | 保 | 油气生产商 | +1.75% | 互动媒体及 +6. ...

Market Overview - The Hong Kong stock market showed a rebound in sentiment, with the Hang Seng Technology Index rising by 1.45% to above 5600 points, while the Hang Seng Index increased by 0.68% to 25935 points, and the National Enterprises Index rose by 0.86% to 9106 points [1][2]. Sector Performance - Large technology stocks collectively rose, with notable gains from Xiaomi (over 4%) and Meituan (over 2%). The pharmaceutical sector saw a surge in orders for flu medications, with some stocks in this category performing strongly [2][4]. - The semiconductor sector was active, with companies like Cambrian increasing chip production by three times, leading to a rise in semiconductor stocks [2][9]. - The biopharmaceutical sector experienced significant gains, with WuXi AppTec rising over 9% and other related stocks also showing strong performance due to increased demand for flu medications [6][8]. - The automotive, real estate, and pharmaceutical sectors showed positive movements, while the restaurant and gaming sectors faced declines [3][13][15]. Notable Stocks - Horizon Robotics saw a rise of over 6%, while Xiaomi and Trip.com also reported gains of over 4% and 3%, respectively [4][5]. - In the biopharmaceutical space, WuXi AppTec and other related stocks saw increases of over 8% [6]. - The robotics sector was strong, with companies like CloudMinds and others showing significant gains [7][8]. - The entertainment sector also saw some upward movement, with Lemon Films rising over 5% [11][12]. Capital Flows - Southbound funds recorded a net inflow of 1.48 billion HKD, indicating positive investor sentiment towards Hong Kong stocks [19]. Future Outlook - Analysts predict that the Hong Kong stock market may experience fluctuations in the coming months, with the Hang Seng Index expected to range between 23500 and 30500 points in 2026. Recommendations include buying on dips and focusing on sectors such as technology, high-end manufacturing, and renewable energy [21].

Core Viewpoint - The company reported a decline in revenue and an increase in losses for the six months ending September 30, 2025, primarily due to decreased gross profit and lack of gains from the sale of financial assets [1] Revenue Summary - Total revenue includes income from repair services and sales of accessories and support services - Revenue from repair services was approximately HKD 18.82 million (2024: HKD 23.50 million), representing a year-on-year decrease of about 19.9% [1] - Revenue from sales of accessories and support services was approximately HKD 0.09 million (2024: HKD 0.105 million) [1] Loss Summary - The company incurred a loss of approximately HKD 3.79 million (2024: HKD 1.80 million) - The increase in losses was mainly attributed to a decline in gross profit and the absence of gains from the sale of financial assets [1]

数码通电讯(00315)发布公告，黄康杰先生(黄先生)已获委任为本公司非执行董事，自2025年11月28日起 生效。 ...

Core Viewpoint - The announcement by PCCW (00008) regarding the issuance of shares for the 2024 share award and the 2023 general mandate indicates a strategic move to incentivize employees and align their interests with shareholders [1] Group 1: Share Issuance Details - PCCW announced the issuance of 287,800 shares on November 28, 2025, under the 2023 general mandate, which is separate from the 2025 general mandate disclosed on November 13, 2025 [1] - Additionally, 6,411,400 shares will be issued as rewards under the share award plan on the same day [1]

Core Viewpoint - CITIC International Telecommunications (01883.HK) has announced the renewal of a financial services framework agreement with CITIC Bank, CITIC Bank International, CITIC Finance, and CITIC Finance International, covering deposit, settlement, and credit services until 2025 [1] Group 1: Agreement Details - The renewed agreement will not exceed three years in duration [1] - Deposit services will constitute non-exempt continuing connected transactions, requiring compliance with relevant listing rules [1] - Settlement and credit services are exempt from these requirements [1]

Core Viewpoint - UBS reports that the potential revocation of telecommunications service licenses for Hong Kong Telecom-SS (06823) by the FCC will have a limited impact on the company's profitability due to its minimal exposure to the U.S. market, which accounts for less than 1% of total revenue [1] Group 1 - The U.S. market represents less than 1% of Hong Kong Telecom's total revenue, and the profitability of this business segment is relatively low [1] - UBS forecasts an attractive dividend yield of approximately 7.6% for 2026, which could support the stock price amid rising regulatory uncertainties [1] - UBS maintains a "Buy" rating for Hong Kong Telecom with a target price of HKD 13.4 [1]

Core Viewpoint - UBS reports that the potential revocation of telecommunications service licenses for Hong Kong Telecom-SS (06823) by the FCC will have a limited impact on the company's profitability due to its minimal exposure to the U.S. market, which accounts for less than 1% of total revenue [1] Summary by Category - **Regulatory Impact** - The FCC's proposed ban is not expected to significantly affect Hong Kong Telecom's earnings as the U.S. market represents a small portion of its overall revenue [1] - **Financial Metrics** - The business in the U.S. has a relatively low profit margin, further mitigating the potential impact of the regulatory changes [1] - **Investment Outlook** - UBS forecasts an attractive dividend yield of approximately 7.6% for 2026, which could support the stock price amid rising regulatory uncertainties [1] - The firm maintains a "Buy" rating on Hong Kong Telecom with a target price of HKD 13.4 [1]

Core Viewpoint - The potential ban by the FCC on Hong Kong Telecom's subsidiary providing telecommunications services in the U.S. is expected to have a limited impact on the company's profitability due to its minimal exposure to the U.S. market [1] Summary by Category Financial Impact - The U.S. market accounts for less than 1% of the company's total revenue, and the profit margin from this business is relatively low [1] - UBS forecasts an attractive dividend yield of approximately 7.6% for 2026, which could support the stock price amid rising regulatory uncertainty [1] Investment Rating - UBS maintains a "Buy" rating for Hong Kong Telecom with a target price of HKD 13.4 [1]