Currently in this column, the actual holding levels of the short-term, medium-term, and long-term securities investment portfolios in "Master Strategist" stand at 25%, 56.25%, and 35% respectively, with market conditions categorized as clearly bearish, bearish, and clearly bearish. The meeting between the Chinese and U.S. leaders reached eight consensus points, easing tensions between the two countries, yet the Hong Kong market has not immediately responded positively. This may be due to the expiration of September futures and options contracts, as well as fund quarter-end adjustments, causing major bullish players to postpone launching their offensive. Today (30th) marks the expiration date of over-the-counter stock options for September, while tomorrow (1st) is a public holiday for National Day; furthermore, the Shanghai-Hong Kong and Shenzhen-Hong Kong Connect will suspend trading starting today, resuming only next Thursday (8th). It is believed that trading activity in the Hong Kong market will remain subdued during this period, creating favorable conditions for major bullish players to launch a surprise attack on their opponents. However, if they ultimately fail to seize this opportunity and successfully regain control of the market, the market may more easily test lower support levels.
Among the major Hang Seng Index constituents related to AI businesses, recent stock price performances have been inconsistent. Tencent (00700) demonstrates a relatively clear path to monetization through its Hunyuan large model, WeChat AI applications, and enterprise service ecosystem, resulting in relatively stable share price performance. Alibaba (09988) benefits from its "Tongyi Qianwen + Alibaba Cloud" strategy, with cloud-based AI-related revenue continuing to grow. However, substantial capital expenditures and ongoing funding investments have placed pressure on short-term profitability, leading to greater share price volatility. Xiaomi (01810), leveraging AI smartphones, smart home devices, and smart vehicles, has become a favored AI endpoint concept stock among investors, delivering a more outstanding share price performance. As for Baidu (09888), despite continuous expansion in its AI cloud and large model businesses, sluggish growth in traditional advertising revenue has limited its overall valuation recovery potential. Finally, SMIC (00981), as a key player in the AI chip supply chain, benefits from growing domestic computing demand, but its valuation has already reflected high market expectations, resulting in greater share price volatility.
Chief Advisor of Economic News and Trading News, Leung Yip Ho (Website: www.BennyLeung.com)
*Articles signed and/or unsigned published in Economic News express the personal opinions of the authors and do not represent the stance of Economic News. Economic News plays the role of providing a free speech platform.
Among the major Hang Seng Index constituents related to AI businesses, recent stock price performances have been inconsistent. Tencent (00700) demonstrates a relatively clear path to monetization through its Hunyuan large model, WeChat AI applications, and enterprise service ecosystem, resulting in relatively stable share price performance. Alibaba (09988) benefits from its "Tongyi Qianwen + Alibaba Cloud" strategy, with cloud-based AI-related revenue continuing to grow. However, substantial capital expenditures and ongoing funding investments have placed pressure on short-term profitability, leading to greater share price volatility. Xiaomi (01810), leveraging AI smartphones, smart home devices, and smart vehicles, has become a favored AI endpoint concept stock among investors, delivering a more outstanding share price performance. As for Baidu (09888), despite continuous expansion in its AI cloud and large model businesses, sluggish growth in traditional advertising revenue has limited its overall valuation recovery potential. Finally, SMIC (00981), as a key player in the AI chip supply chain, benefits from growing domestic computing demand, but its valuation has already reflected high market expectations, resulting in greater share price volatility.
Chief Advisor of Economic News and Trading News, Leung Yip Ho (Website: www.BennyLeung.com)
*Articles signed and/or unsigned published in Economic News express the personal opinions of the authors and do not represent the stance of Economic News. Economic News plays the role of providing a free speech platform.
