Market Overview - The global stock markets showed mixed performance, with the Hang Seng Index rising by 0.53% and the Hang Seng Technology Index increasing by 1.94%, reflecting a year-to-date gain of 42.77% [1][3] - The US stock markets experienced a decline, with the Dow Jones falling by 0.94% and the S&P 500 decreasing by 1.33%, while the Nasdaq dropped by 1.77% [1][3] Sector Performance - In the Hong Kong market, materials, information technology, and healthcare sectors led the gains, while consumer staples, real estate, and financial sectors lagged [3] - The A-share market saw gains in media, communication, and non-ferrous metals, while textiles, agriculture, and comprehensive sectors underperformed [3] Company Insights - Xiaomi Group launched its flagship Xiaomi 17 smartphone, priced at 4,499 RMB, which is competitive compared to the iPhone 17 priced at 5,999 RMB, highlighting Xiaomi's strategy to position itself against Apple [4] - The company aims to enhance its ecosystem with new IoT products and electric vehicle services, indicating a focus on high-end market segments [4] - Xiaomi's target price is set at 62.96 HKD, reflecting a 26.3 times expected P/E ratio for 2026, maintaining a "Buy" rating [5] Investment Recommendations - Geely Automobile is rated "Buy" with a target price of 25.00 HKD, indicating a potential upside of 37% [5] - Luckin Coffee is also rated "Buy" with a target price of 44.95 USD, suggesting a 19% upside [5] - Tencent and Alibaba are both rated "Buy," with target prices of 705.00 HKD and 158.80 USD respectively, indicating potential upsides of 9% and N/A [5]