Daily Investment Strategy
Daily focus：MicroPort（2252）
The company achieved impressive results in the first half of 2025, with revenue increasing 77% year-over-year. Overseas sales expanded rapidly, accounting for 58% of the company's revenue, driving significant improvements in both revenue and losses. Breakthroughs in its high-margin consumables business and remote surgery platform further increased profitability and solidified its global leadership. With increasing market penetration in China and stronger overseas demand, the company possesses long-term growth potential, but remains vigilant regarding industry competition and regulatory risks.
U.S. Job opening fell to 7.18 million
Expectations for a September Federal Reserve rate cut are currently the most closely watched macroeconomic issue. Market expectations for a 0.25% rate cut at the Fed's September 17th meeting have reached nearly 95%. This is due to weak US labor market data. Job openings fell to 7.18 million in July, a 10-month low and below the 7.2 million unemployed for the first time, further confirming a cooling labor market. Chairman Powell's dovish stance at the Jackson Hole symposium further reinforced these expectations. For China, a US rate cut will ease capital outflow pressures and provide the People's Bank of China with greater monetary policy leeway. However, the Trump administration's protectionist trade policies and geopolitical tensions have made economic policy coordination between the two countries more challenging. This complex macroeconomic environment will continue to influence stock markets and exchange rates in both countries.
Hong Kong Stock Connect recorded a net inflow of HK$5.51 billion on Wednesday, with Alibaba (9988) receiving the largest net inflow of HK$2.49 billion, followed by Xiaomi Group (1810). Meanwhile, Tencent Holdings (700) saw the largest net outflow of HK$470 million, followed by Hua Hong Semiconductor (1347).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to: https://apps.sfc.https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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