Daily Investment Strategy
Daily focus：SF 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).
Cheung Cho Shing, Joseph is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to:https://apps.sfc.hk/publicregWeb/indi/ACQ030/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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