2025.04.30
U.S. Conference Board Consumer Confidence Index under pressure

Daily focusSF Holding(6936)

Has released its unaudited financial report for the first quarter. The report shows that despite the complex and volatile global economic environment, SF Holding has maintained good operational resilience and steady growth. In terms of revenue, the group achieved operating income of approximately RMB 69.85 billion, a year-on-year increase of 6.9%, with a total volume of 3.56 billion orders, an increase of 19.7%. Among them, express logistics business revenue increased by 7.2% year-on-year, and supply chain and international business revenue increased by 9.9% year-on-year, reflecting the company's deep penetration into diverse logistics scenarios and continuous strengthening of its international network capabilities.

 

U.S. Conference Board Consumer Confidence Index under pressure

The U.S. Conference Board Consumer Confidence Index fell to a nearly five-year low in April. According to data from the Conference Board, the Consumer Confidence Index dropped by 7.9 points to 86.0 in April, marking the lowest level since May 2020 and the fifth consecutive monthly decline. Growing concerns over tariffs have weighed on the economic outlook. Regarding tariffs, there are reports that the U.S. is considering using AI chips as a new bargaining chip in trade negotiations, such as revising the tiered semiconductor export controls established during the Biden administration.

Hong Kong Stock Connect recorded a net outflow of HK$64.24 on Tuesday, among which Meituan-W (3690) recorded the largest net inflow of HK$1.25 billion, followed by Innovent Biologics (1801); Tracker Fund of Hong Kong (2800) recorded the largest net outflow of HK$3.69 billion, followed by Hang Seng China Enterprises (2828).

2025.04.30
Half Day Roundup

Hong Kong stock market fluctuated today. The HSI opened 30 points higher and then fell 159 points. It rose 47 points or 0.2% to 22,056 at mid-day. The HSCEI fell 30 points or 0.4% to 8,037; the HSTECH rose 53 points or 1.1% to 5,072. The total market turnover for today was HK$112.75bn. AIA's (1299) first quarter new business value increased by 13% yoy both at real and constant exchange rates, and its share price rose by 6% at mid-day. Domestic banking stocks generally fell after announcing their first quarter results, with the six major state-owned banks falling between 2.3% and 4.9%. HKEX (0388), which will announce its results at noon today, rose 1.9%.

Source: KGI Investment Strategy Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.

2025.04.29
U.S. Economic Outlook Uncertain; Markets Stay Highly Vigilant, Favoring Defensive Strategies

The Trump administration frequently released news of positive progress in trade negotiations, softening its stance on the trade war and reducing market tensions. Additionally, Trump stated that he has no intention of replacing Powell, stock market react...

  

Read More

KGI Video
(Chinese version only)
Apr 28, 2025
金價再創新高 (Chinese version only)
Apr 22, 2025
關稅來襲,防禦股抗跌 (Chinese version only)
Apr 14, 2025
美國對等關稅引爆全球股災 (Chinese version only)
Apr 7, 2025
美股新高後回調,後續表現取決於有否衰退 (Chinese version only)
Mar 31, 2025
德國財政政策轉向 (Chinese version only)
Mar 24, 2025
聯儲局態度更為鷹派 (Chinese version only)
Mar 17, 2025
美股部署宜加重防禦類 (Chinese version only)
Mar 3, 2025
中國車企為何搶做「機器人」(Chinese version only)
Feb 24, 2025
本輪港股急升,和去年10月有甚麼不同?(Chinese version only)
Feb 17, 2025
特朗普關稅消息增擾動 (Chinese version only)
Feb 10, 2025
市場波動加大,可善用Covered Call策略應對 (Chinese version only)
Feb 3, 2025
亞洲航空業2025年前膽 (Chinese version only)
Jan 20, 2025
美國經濟具韌性 (Chinese version only)
Jan 13, 2025
特朗普2.0:恐慌指數上升或成不錯低買點 (Chinese version only)
Jan 6, 2025
孳息曲線結束倒掛有何啟示? (Chinese version only)
Dec 30, 2024
中國直播電商的困難與挑戰 (Chinese version only)
Dec 23, 2024
鷹派減息 (Chinese version only)
Dec 16, 2024
中國內地及香港市場展望 (Chinese version only)
Dec 9, 2024
2025環球投資策略ACE (Chinese version only)
Dec 2, 2024
等權重指數降低集中風險 (Chinese version only)
Nov 25, 2024
特朗普當選如何改變投資策略 (Chinese version only)
Nov 18, 2024
特朗普當選後對世界的影響 (Chinese version only)
Nov 11, 2024
總統大選後美股部署 (Chinese version only)
Nov 4, 2024
恒生投資具備港股三大指數ETF產品 (Chinese version only)
Oct 28, 2024
美股業績期展開,緊隨美國進入大選月 (Chinese version only)
Oct 21, 2024
金價屢創新高 (Chinese version only)
Oct 14, 2024
(Chinese version only)
Oct 7, 2024
(Chinese version only)
Sep 30, 2024
(Chinese version only)
total
04
01
/
04