Signet Jewelers (NYSE:SIG) Q3 2026 Earnings Call December 02, 2025 08:30 AM ET Company ParticipantsRandy Konik - Managing DirectorJoan Hilson - COO and CFOLorraine Hutchinson - Managing DirectorMauricio Serna - Executive DirectorDana Telsey - CEO and Chief Research OfficerPaul Lejuez - Managing DirectorRob Ballew - Senior VP of Investor Relations and Capital MarketsJ.K. Symancyk - CEOJeff Lick - Managing DirectorConference Call ParticipantsJeff Lick - AnalystJim Sanderson - Managing Director and Research An ...

Group 1: Market Overview - The expectation of a Federal Reserve interest rate cut has boosted market sentiment, leading to a significant rise in the Hong Kong stock market, particularly in the internet AI technology sector [1] - The Hong Kong Internet ETF (159792) saw a 3.70% increase with net subscriptions exceeding 600 million units, marking 45 consecutive trading days of net inflows since July 17, resulting in a total growth of over 30 billion units [1] - The current scale of the Hong Kong Internet ETF has reached 89.095 billion yuan, making it the largest cross-border ETF in the market [1] Group 2: Sector Performance - The technology sector in Hong Kong is currently undervalued historically and includes core assets in AI, which may attract increasing foreign investment [1] - Other sectors such as semiconductors, gaming, and robotics have also experienced strong market performance, with ETFs in these areas rising over 2.5% on September 17 [3] - The humanoid robotics sector has seen significant interest, with the EasyOne Robotics ETF (159530) surpassing 10 billion yuan in scale, achieving a net inflow of 8.76 billion yuan this year, marking a growth of over 50 times [3] Group 3: Fund Inflows - On September 16, three ETFs recorded net inflows exceeding 500 million yuan, including the Guotai Zhongzheng All-Index Securities Company ETF, EasyOne National Robotics Industry ETF, and the Fortune National Hong Kong Internet ETF [5] - The net inflow for the Fortune National Hong Kong Internet ETF on September 16 was 515 million yuan, down from 1.477 billion yuan on September 15 [6] Group 4: Consumer Electronics Outlook - The consumer electronics sector is entering a peak production period with the release of new products, which is expected to improve profitability as external uncertainties decrease [7] - The domestic chip market is rapidly developing under the AI wave, providing new momentum for the smart upgrade of consumer electronics products, with significant room for growth in penetration and product innovation [7] - The current demand in the consumer electronics sector is better than previously pessimistic market expectations, indicating potential for further valuation recovery [7]